Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the central bank of the country has appointed 5-member committee under the chairmanship of Nandan Nilekani to further deepen digital payments and enhance financial inclusion through Fintech.
The contradictory responses from the Goods and Services Tax Network (GSTN) to assessees’ queries on the unavailability of a new functionality for offsetting tax liability has raised concerns among businesses, which fear that they may be hauled up later by the tax department for non-compliance as GSTN’s advice may not have any legal standing.
The Indian Rupee has recently seen an upward trend. Though it ended on a flat note at 68.96 per US dollar on Monday, sustained foreign fund inflows and narrowing trade deficit have helped the currency gain a lot of strength last week.
New Delhi: The Reserve Bank of India (RBI) will issue guidelines within two months for fintech companies to test their new products on a small group of users before scaling up.
The textile industry is seeking the government’s protection from high growth of imports as the sector could not compete in both domestic and international markets.
KOLKATA | NEW DELHI: The retail unit of Reliance IndustriesNSE 1.56 % has acquired mid-segment menswear brand John Players from ITCNSE -0.68 % Ltd. This will add Rs 350 crore to Reliance Retail’s value fashion business carried out through Reliance Trends and Ajio.com, said people with knowledge of the matter.