Supreme Court: Expecting a Minor to Respond to a Public Court Notice is ‘Perverse’ || SC: Order 23 Rule 1 CPC Applies to S. 11 Arbitration Act, Barring Fresh Arbiration After Abandonment || SC: Later Sanction Requirement Won’t Invalidate Cognizance Taken When No Prior Bar Existed || SC: Documents Not Admitted by an Employee in an Enquiry Must be Proved Through Witnesses || Delhi HC: MHA Has Authority to Initiate Disciplinary Proceedings Against AGMUT IAS Officers || MP HC: Financial Hardship or Mere Allegations of Lawyer’s Negligence Cannot Excuse Delayed Appeal || Patna HC: Blanket Approach of Denying Public Employment to Individuals Named in an FIR is Unfair || Kerala HC: Repeated Possession of Even Small Quantities of Narcotic Drugs Can Invoke KAAPA || Calcutta HC: Employers May Deduct Penal Rent From Gratuity of Employees Refusing to Vacate Quarters || Calcutta High Court: ECI Not Singling Out Bengal, More Transfers in Other Poll-Bound States

RBI seeks feedback on concept paper on Card Acceptance Infrastructure- (Reserve Bank of India) (08 Mar 2016)

MANU/RPRL/0080/2016

Banking

The Reserve Bank of India is inviting comments on its Concept Paper on Card Acceptance Infrastructure till 15 April 2016. The Paper proposes structured policy intervention to promote electronic payments by individual and institutional users, filling in the gap left by market forces. Accepting the growth of “less-cash” electronic payments over the years, the Bank proffers a multi-pronged strategy to address acceptance of card payments, safety and security and rationalisation of merchant fees for card transactions.

Tags : ELECTRONIC PAYMENTS CARDS CASHLESS INFRASTRUCTURE

Share :