Search Results for Tag : payments
International Cases
In matrimonial disputes, a spouse may have an obligation to make provision for the payment of other expenses; but an obligation to duplicate it in circumstances is most improbable(18.07.2018)
In facts of present case, Mr Mills (“the husband” notwithstanding his divorce from Mrs Mills, “the wife”, in 2002) appeals against an order for upwa.....
Tags : Periodical payments, Discretion, Obligation
Top Story
Central Government Launches BHARAT QR Code for Encouraging Digital Payments(20.02.2017)
The Central Government has recently launched Bharat QR code, a Quick Response (QR) code to enable digital payments without card swiping machines. This.....
Tags : QR code, Launch, Digital payments
Notifications & Circulars
Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI) - PPIs upto Rs. 10,000 with loading only from bank account(24.12.2019)
1. Please refer to the Statement on Developmental and Regulatory Policies issued as part of Monetary Policy Statement dated December 5, 2019 as also t.....
Tags : Digital payments, PPI, Introduction
Deferred Payment of Import Duty Rules, 2016(02.11.2016)
In exercise of the powers conferred by the proviso to sub-section (1) of sections 47 and section 156 of the Customs Act, 1962 (52 of 1962), the Centra.....
Tags : Duty, Rules, Deferred payments
IGST Refunds-Mechanism to verify the IGST payments for goods exported out of India in certain cases(27.08.2019)
In an earlier Board's earlier Circular 12/2018-Customs dated 29.05.2018, an interim solution was provided to tide over the difficulty faced by exporte.....
Tags : Refunds-Mechanism, Verification, IGST payments
IGST refunds-mechanism to verify the IGST payments for goods exported out of India in certain cases(17.06.2019)
The procedure for claiming IGST refunds is fully automated as provided under Instruction 15/2017-Cus dated 09.10.2017. It has come to the notice of th.....
Tags : Refunds-mechanism, Payments, Verification
RBI announces implementation of Positive Pay System for Cheque payments(25.09.2020)
RBI introduces Positive Pay System for Cheque Truncation. The system is to be implemented from January 1, 2021. The concept of Positive Pay involves a.....
Tags : Positive Pay System, Cheque payments, Implementation
Prime Minister launches digital payment solution e-RUPI(02.08.2021)
Prime Minister launched digital payment solution e-RUPI, a cashless and contactless instrument for digital payment. The e-RUPI is a digital voucher wh.....
Tags : Digital payments, e-RUPI, Launch
Reserve Bank of India launches UPI for Feature Phones and 24x7 Helpline for Digital Payments(08.03.2022)
The Reserve Bank has launched two key initiatives today - (1) UPI123Pay - Option to make Unified Payments Interface (UPI) payments for feature phone u.....
Tags : Launch, UPI, Digital payments
Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949(31.01.2024)
1. In Press Release dated March 11, 2022, the Reserve Bank of India, in exercise of its powers under section 35A of the Banking Regulation Act, 1949, .....
Tags : Paytm Payments Bank, Direction
Steps Taken to Encourage Use of Digital Payment at Petrol Stations(06.02.2017)
The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Lok Sabha in a written reply today that the Ministry of P.....
Tags : Digital payments, Promotion
Inclusion of "India Post Payments Bank Limited" in the Second Schedule of the Reserve Bank of India Act, 1934(03.07.2019)
We advise that the "India Post Payments Bank Limited" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notificatio.....
Tags : Post Payments, Bank, Inclusion
News
RBI Issues Operating Guidelines for Small Finance Banks and Payments Banks(07.10.2016)
Reserve Bank of India (RBI) has allowed payments banks and small finance banks to use digital banking to open bank accounts while streamlining their r.....
Tags : Reserve Bank of India, finance banks, payments banks, Guidelines
Cal. HC: When Monthly Paybale Amount Surpasses Threshold, Dispute Becomes Subject to Arbitration(13.09.2024)
Calcutta High Court has held that when monthly payments required to be made exceed the statutory limit for matters falling within the scope of the Wes.....
Tags : Calcutta High Court, Monthly Payments, Statutory Limit
Measures for Promoting Digital Payments and Creation of Less-Cash Economy: Benefit of lower rate of Income Tax on digital turnover for small businesses(20.12.2016)
The benefit of lower rate of Income-tax on digital turnover for small businesses up to a turnover of Rs.2,00,000,00 (Rupees Two Crore), announced by t.....
Tags : Digital payments, Measure, Promotion
RBI clarifications for start-ups(11.02.2016)
The Reserve Bank of India has issued clarifications relating to acceptance of payments and issue of shares by start-ups. The Bank reiterates, variousl.....
Tags : start-up, payments, shares, clarifications
Online Dispute Resolution (ODR) System for Digital Payments(06.08.2020)
1. This is with reference to the Statement on Developmental and Regulatory Policies dated August 6, 2020 wherein the Reserve Bank of India (RBI) had a.....
Tags : ODR, Digital Payments, Introduction
Expanding and Deepening of Digital Payments Ecosystem(07.10.2019)
With a view to expanding and deepening the digital payments ecosystem, it has been decided that all State/UT Level Bankers Committees (SLBCs/UTLBCs) s.....
Tags : Expanding, Digital Payments, Ecosystem
NCLAT: In Absence of Contractual Clause Interest for Delayed Payments Can’t Form Part of OD(12.05.2025)
NCLAT New Delhi bench has held that interest on the unilateral invoices for the delayed payment cannot form part of the operational debt in absence of.....
Tags : NCLAT New Delhi, Contractual Clause, Delayed Payments
RBI seeks feedback on concept paper on Card Acceptance Infrastructure(08.03.2016)
The Reserve Bank of India is inviting comments on its (19.08.2015)
The Reserve Bank of India granted "in-principle" approval to 11 applicants to set up payments banks under the Guidelines for Licensing of Payments Ban.....
Tags : Rbi, payments banks, approved, guidelines
RBI Clears 11 Payments Banks(20.08.2015)
Reserve Bank of India (RBI) has given 'in principle' clearance to 11 entities to set up 'payments banks'. These entities include department of posts, .....
Tags : Reserve Bank of India, Payments Banks
INR spend limit at duty free shops raised(06.07.2016)
The Ministry of Finance raised the ceiling for payments at duty free shops at international airports from Rs. 5000 to Rs. 25,000.
In 2005,.....
Tags : duty free shops, payments, indian rupee
Cabinet Nods for Surcharge, Service Charge on Card Payments(25.02.2016)
Cabinet has approved introduction of steps for promotion of payments through cards and digital means, a move aimed at weeding out black money menace b.....
Tags : Cabinet, Card Payments
India Post Payments Bank Limited commences operations(30.01.2017)
India Post Payments Bank Limited has commenced operations as a payments bank with effect from January 30, 2017. The Reserve Bank has issued a licence .....
Tags : Payments bank, Operation, Commencement
RBI invites Applications for authorising Bharat Bill Payment System Operating Units(20.10.2015)
Reserve Bank of India has invited applications for authorization from entities engaged in bill payments and wishing to operate as a ‘Bharat Bill Payme.....
Tags : Repetitive, bill, payments, authorisation
Paytm Payments Bank Receives Final Approval From RBI(04.01.2017)
Reserve Bank of India (RBI) has given final approval to formally launch Paytm Payments Bank.
Tags : RBI, Paytm Payments Bank
Permitting non-scheduled payments banks to register as bankers to an issue(03.08.2021)
1. SEBI vide notification dated July 30, 2021, amended the SEBI (Bankers to an Issue) Regulations, 1994 (BTI Regulations) thereby permitting such othe.....
Tags : Non-scheduled payments banks, Registration, Permission
Madras HC Directs Puducherry Govt to Release Payments Due to Private Medical Colleges(07.06.2021)
Madras High Court has directed the Puducherry Government to release payments due to the private medical colleges on a priority basis so that the treat.....
Tags : Madras High Court, Payments Due to Private Medical Colleges
Madras HC: Interest Should be Levied on Belated GST Cash Payments but Not on ITC(17.02.2020)
Madras High Court has held that the Goods and Services Tax (GST) could be levied on interest only on the cash component of the tax remitted belatedly .....
Tags : Madras High Court, Interest on GST Cash Payments
RBI releases framework for facilitating small value digital payments in offline mode(03.01.2022)
RBI releases guidelines for facilitating small value digital payments in offline mode. With technology being available in a palm of your hand, the RBI.....
Tags : Framework, Digital payments, Offline mode