YourStory presents this daily roundup of the latest startup news and updates from the Indian startup ecosystem and beyond. Here's the roundup for Friday, June 11, 2021.
Read more about Enforcement Directorate issues notice to WazirX, directors over FEMA breach on Business Standard. Exchange said they are yet to receive ED notice
New Delhi [India], June 9 (ANI): Rashtriya Janata Dal (RJD) MP Amarendra Dhari Singh, who was recently arrested by Enforcement Directorate, has moved Delhi High Court challenging his ten days ED remand granted by a special Court of Delhi.
Rashtriya Janata Dal (RJD) MP Amarendra Dhari Singh, who was recently arrested by Enforcement Directorate, has moved Delhi High Court challenging his ten days E
5 hours ago
A union representing India’s largest public bank along with a coalition of labour unions and NGOs requested the Reserve Bank of India to reject applications of “profit-making” big companies, especially Amazon, from setting up alternate payment systems. Reuters reported on this first on April 8.
Amazon, Google, Facebook and others have applied to set up New Umbrella Entity (NUE) a parallel payment ecosystem proposed by RBI to reduce concentration risks in the payment sector. This would rival the quasi-public National Payment Corporation of India (NPCI), which is currently the main operator for digital transactions in the country.
State-run State Bank of India’s union All India State Bank of India Staff Federation (AISBISF), labour unions and NGOs under the banner of UNI Global Union, IT for Change and the Joint Action Committee Against Foreign Retail and E-Commerce (JACAFRE) wrote a letter in this regard to the RBI.