The transaction limit for UPI payments has been raised from ₹1 lakh to ₹5 lakh, encouraging the adoption of the system for transactions involving hospitals and educational institutions
The National Payments Corporation (NPCI) has instructed payment applications to disable inactive UPI IDs by December 31 to prevent inadvertent fund transfers.
Financial operations of Facebook, Google, Amazon regulated
Financial operations of Facebook, Google, Amazon regulated
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PTI / Updated: Jan 30, 2021, 01:00PM IST
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The RBI has informed the Delhi high court that operations of tech fin firms such as Facebook, Google and Amazon in India s financial sector space are being regulated under the relevant laws and they have been permitted to function only after necessary compliances.
A similar stand has been taken by markets regulator Sebi which said that there are already adequate provisions in place providing mandatory registration for any entity entering into the securities market.
The Securities and Exchange Board of India (Sebi) has also said that it has constituted a Market Data Advisory Committee to recommend appropriate policy for access to securities market data, identify segment-wise data perimeters, data needs and gaps, recommend data privacy and data access regulations, etc .
The RBI has informed the Delhi High Court that operations of techfin firms such as Facebook, Google and Amazon in India s financial sector space are being regulated under the relevant laws and they have been permitted to function only after necessary compliances. A similar stand has been taken by markets regulator Sebi which said that there are already adequate provisions in place providing mandatory registration for any entity entering into the securities market. The Securities and Exchange Board of India (Sebi) has also said that it has constituted a Market Data Advisory Committee to recommend appropriate policy for access to securities market data, identify segment wise data perimeters, data needs and gaps, recommend data privacy and data access regulations, etc .
Financial operations of FB, Google, Amazon regulated, RBI, Sebi tell HC
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Financial operations of FB, Google, Amazon regulated, RBI, Sebi tell HC
PTI / Updated: Jan 29, 2021, 19:05 IST
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NEW DELHI: The RBI has informed the Delhi high court that operations of tech fin firms such as Facebook, Google and Amazon in India s financial sector space are being regulated under the relevant laws and they have been permitted to function only after necessary compliances.
A similar stand has been taken by markets regulator Sebi which said that there are already adequate provisions in place providing mandatory registration for any entity entering into the securities market.