Supreme Court: General Fraud Allegations Cannot Extend Limitation under Section 74 CGST Act || SC: ‘No Coercive Steps’ Order Cannot Restrain Filing of Charge Sheet || Chhattisgarh HC: Maintenance for Autistic Child May Continue Beyond 18 Until Self-Sufficient || P&H HC: 45-Day Delay in Informing Detenue of Representation Right Violates Article 22(5) || Rajasthan HC Bars Courts from Protecting those Responsible for Building Defects at their Own Peril || Allahabad HC: Clarification Issued Before Decision Applies to Pending Tender Complaints || Allahabad HC: Father’s Custody Cannot be Denied without Proof of Guardianship Unfitness || Bombay High Court: Each Petitioner Must Pay Court Fee Where Causes of Action are Separate || P&H High Court: Counsel’s Ignorance of Readily Available Prior Litigation Amounts to Dereliction || SC: Amendments to Government Orders Must Be Construed Fairly to Prevent Hardship

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 :