The Delhi High Court has mandated biometric Aadhaar authentication for all Goods and Services Tax registrations. This directive aims to prevent fraudulent registrations and curb significant tax evasion. The court noted continuous fake registrations despite government disclosures on the issue.…
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Indian central bank has finally recognised Unified Fintech Forum (UFF) as the second self-regulatory organisation for the fintech sector, nearly two years after FACE became the first fintech SRO. UFF, formerly Digital Lenders Association of India, had been pursuing the…
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Projected revenue growth in the organized apparel retail market is expected to reach between twelve and thirteen percent this fiscal year. This growth will be fueled by demand for value fashion and geographical expansion into smaller urban areas. Operating margins…
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The Reserve Bank of India’s struggle to absorb a record liquidity surplus is increasingly becoming a treasury-management challenge for banks, which must decide how much excess cash to park with the central bank, deploy into loans or securities, or keep…
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Safebox, a wealth protection platform, secured $1.11 million in seed funding. The company helps Indian families track and protect their financial assets across many categories. This funding will enhance product capabilities and accelerate distribution efforts. Safebox has already helped customers…
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India’s NPCI is examining protocols for AI agent identification within the UPI ecosystem. This move aims to enable autonomous payments on the world’s largest retail fast-payment network. The framework will allow AI agents to make small digital payments without user…
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