Companies like Innoviti Payments, Pine Labs and MSwipe will be brought under regulatory cover now. The regulator said companies providing the service will need to apply for authorisation from the RBI by May 31, 2025.
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Vaishnav told ET that the government will support every effort made by the telco while Somanathan, also speaking to ET, added that the government’s aim is to support competition in the sector.
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CBDT mandated SROs to report high-value transactions by June 30. 6,000 entities failed to comply, lacking data. Form 61A enforcement in progress for Income Tax Act adherence.
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The International Monetary Fund (IMF) has revised its forecast for India’s economy, predicting a 6.8% growth in FY25 and 6.5% in 2025. This follows upward revisions by other international lenders, which predict strong domestic demand and a revival in the…
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“India’s job market is experiencing a transformation as the country has become the world’s fastest growing large economy in the aftermath of the Covid-19 pandemic,” the report said.
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BharatPe announced the elevation of Nalin Negi as its CEO. He has been working as its interim CEO and has led the company to drive growth innovation in the fintech sector.
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