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DFS Advances Digital Payments in India and Globally
On September 20, 2024, the Department of Financial Services (DFS) under the Ministry of Finance reported significant growth in digital payments in India, with transaction volumes increasing from 2,071...
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IFSCA Regulations 2024: Book-keeping, Accounting, Taxation & Financial Crime Compliance – FAQs
The International Financial Services Centres Authority (IFSCA) has introduced new regulations, effective June 6, 2024, to create a regulatory framework for bookkeeping, accounting, taxation, and finan...
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Unlocking the Power of P/E Ratio in Mutual Fund Investments
Understanding the P/E Ratio: A Key to Smart InvestingIn the complex world of investing, grasping key financial metrics is essential for making informed decisions. One such crucial metric is the Price-...
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Indian citizens can conduct QR-code-based UPI transactions in Nepal
Introduction: In a groundbreaking development, NPCI International Payments Ltd (NIPL), the international arm of National Payments Corporation of India (NPCI), and Fonepay Payment Service Ltd have laun...
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FAQs on IFSCA (Payment Services) Regulations, 2024
The International Financial Services Centres Authority (IFSCA) has introduced the Payment Services Regulations, 2024, aimed at providing clarity on the authorization and operation of Payment Service P...
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Report of Working Group on uniform working hours and holiday list for IBUs
Introduction: The report by the Working Group on uniform working hours and holiday lists for IFSC Banking Units (IBUs) addresses the crucial need for aligning banking services with global standards. T...
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IFSCA constitutes New Committee to Boost GIFT IFSC Markets
Introduction : The International Financial Services Centres Authority (IFSCA) has made a groundbreaking announcement that promises to significantly alter the landscape of India’s capital markets. On J...
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IFSCA Forms Advisory Committee on Exchange traded Currency Derivatives
Introduction: The International Financial Services Centres Authority (IFSCA) plays a pivotal role in shaping India’s financial landscape, specifically within International Financial Services Centres (...
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White Paper on Indian Economy issued by Government
On 8th February 2024, the Ministry of Finance, Government of India, unveiled a comprehensive White Paper on the Indian Economy, marking a significant milestone in the country’s economic discourse. Thi...
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Education & Health Cess: Collection, Utilization and Government Policy
In the Lok Sabha, Shri S. Venkatesan raises pertinent questions regarding the Education and Health Cess, seeking clarity on its collection, utilization, and government’s policy stance. This article de...
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Exposing Illegal Loan Apps: India’s Comprehensive Regulatory Framework
The proliferation of illegal loan apps has become a growing concern, trapping unsuspecting individuals in a cycle of harassment and financial exploitation. In response, the Government of India, throug...
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France becomes first European country to accept UPI
In a groundbreaking collaboration, NPCI International Payments Limited (NIPL) and Lyra, a leading French payment security company, have introduced the acceptance of Unified Payments Interface (UPI) in...
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IFSCA (Payment Services) Regulations, 2024 notified
Introduction: The International Financial Services Centres Authority (IFSCA) has ushered in a new era with the notification of the IFSCA (Payment Services) Regulations, 2024, on January 30, 2024. This...
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Ministry of Finance releases The Indian Economy – A Review
Introduction: The Ministry of Finance, has recently released “The Indian Economy – A Review,” providing insights into the nation’s economic trajectory over the past decade. This analysis delves into k...
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IFSCA seeks suggestions on IFSCA (Issuance & Listing of Securities) Regulations, 2021
Introduction: The International Financial Services Centres Authority (IFSCA) has released a press release seeking suggestions for the review of IFSCA (Issuance and Listing of Securities) Regulations,...
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Constitution of an Expert Committee on REITs and InvITs in IFSC
India’s commitment to developing world-class infrastructure is evident through initiatives like the National Infrastructure Pipeline and “Gati Shakti.” To achieve the goal of a developed nation by 204...
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Google Pay India signs MoU with NPCI International for Global Expansion of UPI
Introduction: In a groundbreaking move, Google India Digital Services (P) Limited has signed a Memorandum of Understanding (MoU) with NPCI International Payments Ltd (NIPL), a subsidiary of the Nation...
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FAQs: Registration & Authorization under IFSCA (Fund Management) Regulations, 2022
Explore frequently asked questions (FAQs) on the registration of a Fund Management Entity (FME) and authorization of a scheme or fund under IFSCA (Fund Management) Regulations, 2022. Understanding the...
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Major UPI Apps Enabled to Receive Remittances from Singapore via UPI-Pay Now Linkage
Introduction: In a significant development, the integration between the Unified Payments Interface (UPI) and Singapore’s Pay Now is paving the way for Indians to receive rapid, secure, and cost-effect...
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FIU IND issues compliance SCN to 9 offshore VDA SPs
Introduction: The Financial Intelligence Unit India (FIU IND) has taken decisive action against offshore Virtual Digital Assets Service Providers (VDA SPs) for non-compliance with the Prevention of Mo...