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BFSI

Explore the latest developments, insights, and trends in the BFSI (Banking, Financial Services, and Insurance) sector.

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CBDT Allows Trusts and Institutions to Correct Audit Reports by March 31st, 2024

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The Central Board of Direct Taxes (CBDT) has granted relief to trusts and institutions regarding the submission of audit reports for the Assessment Year...
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Government Reviews Foreign Direct Investment Policy on Space Sector

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The Government of India has recently conducted a thorough review of the Foreign Direct Investment (FDI) Policy in the Space sector, aiming to foster...
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UPI Accounts for 80% of India’s Digital Payments: RBI Governor

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The Reserve Bank of India (RBI) Governor addressed a distinguished gathering at the Digital Payments Awareness Week celebrations, highlighting the remarkable growth and security...
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RBI Might Revoke Paytm Payments Bank License; Administrator Likely to be Appointed

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With less than two weeks remaining for Paytm Payments Bank Limited (PPBL) to halt its operations, the Reserve Bank of India (RBI) is contemplating...
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MP Government Paves Way for Rs 1 Lakh Cr Investment: CM Mohan Yadav

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In a landmark move aimed at boosting industrial growth and creating employment opportunities, Chief Minister Mohan Yadav announced a significant milestone at the inaugural...
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Paytm Payments Bank Fined Rs 5.49 Cr for PMLA Violations; RBI Orders Halt on Transactions

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The Financial Intelligence Unit-India (FIU-IND) has levied a penalty of Rs 5.49 crore on Paytm Payments Bank Ltd (PPBL) for breaching its obligations under...
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India and South Africa Block Adoption of WTO Investment Agreement

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In a surprising turn of events at the World Trade Organization (WTO) meeting in Abu Dhabi, India and South Africa have lodged a formal...
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RBI Issues New Directions for Simplified Supervisory Returns

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In a move aimed at streamlining reporting procedures and reducing compliance burdens, the Reserve Bank of India (RBI) has issued new directions for the...
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Finance Minister Nirmala Sitharaman Meets Start-up and Fintech Ecosystem Representatives

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In a recently held meeting in New Delhi, Union Minister for Finance and Corporate Affairs Nirmala Sitharaman recently convened with a myriad of stakeholders...
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Vijay Shekhar Sharma Resigns from Paytm Payments Bank Amid Regulatory Hurdles

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Vijay Shekhar Sharma, the founder of Paytm, has announced his resignation as the non-executive chairman and board member of Paytm Payments Bank Ltd (PPBL)....
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