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New Delhi: Commuters using national highways may not be able to pay user fees in cash and have to rely entirely on digital payment modes – FASTag and UPI – at toll plazas. NHAI said it was “contemplating” completely discontinuing cash transactions at NH fee plazas across the country from April 1. According to current…
There are several changes in the draft income tax rules that impact the way you pay income tax. (AI image) Draft Income Tax Rules 2026: The Income Tax Department has released a new set of draft income tax rules, which once finalised, will be applicable for financial year 2026-27. There are several changes in the…
RERA establishes regulatory authorities and appellate tribunals to resolve disputes between buyers, developers and agents within defined timelines. This system enables quicker resolution compared to traditional court processes and strengthens consumer protection. Efficient complaint handling not only safeguards buyer rights but also promotes transparency by holding developers accountable for violations, delays or quality issues. Although…
NEW DELHI: In an effort to eliminate illegal activity in the digital asset market, India’s Financial Intelligence Unit (FIU) has unveiled stringent new anti-money laundering (AML) and know your customer (KYC) protocols for cryptocurrency exchanges, including mandatory liveness detection and geographical tracking during the onboarding process. The updated guidelines, issued on Jan 8, classify crypto…
Shilpa Shetty and husband Raj Kundra (File Photo) Mumbai: In a detailed order taking cognizance of a supplementary prosecution complaint naming businessman Ripu Sudan Kundra, alias Raj Kundra, as a key accused in a high-profile cryptocurrency money laundering case, a special court found sufficient prima facie evidence to proceed against co-accused Rajesh Satija and him…
Four peddlers, one consumer arrested in Telangana drug bust HYDERABAD: The Hyderabad Narcotics Enforcement Wing (H-NEW) arrested four people, including three alleged drug peddlers, for their involvement in a drug network.H-NEW officials said the accused — Ummidi Immanuel, an event manager from Kondapur; Sushmitha Devi, a software professional at a prominent firm; and G Sai…
Reserve Bank of India (ANI image) The Reserve Bank of India (RBI) has issued a draft proposal aimed at making cross-border payments more transparent and consumer-friendly. With this, the bank aims to address long-standing complaints about hidden charges and unclear pricing in foreign exchange transactions.A large number of individuals face difficulties while making overseas payments…
AI image used for representative purposes Following improved India-China relations, the authorities, including the International Financial Services Centre Authority (IFSCA), are evaluating a banking sector proposal to enable International Banking Units at Gujarat International Finance Tec City (GIFT City) to conduct transactions in offshore renminbi (CNH).GIFT City operates as a global financial services hub, serving…
Mumbai: The value of UPI transactions jumped nearly 10% in Oct compared to Sept as payments and money transfers surged during the festival month. According to data from the National Payments Corporation of India (NPCI), the value of transactions rose to Rs 27.3 lakh crore in Oct 2025 from Rs 24.9 lakh crore in the…
Riding on the festive shopping wave, Unified Payments Interface (UPI) transactions soared to an all-time high of Rs 27.28 lakh crore in October, clocking 20.7 billion transactions, according to data from the National Payments Corporation of India (NPCI), reported PTI.This marks a 9.5% month-on-month rise in transaction value from Rs 24.9 lakh crore in September…
