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Daily Archives: June 18, 2022

June 18, 2022 -_4.1

RBI raises limit of e-mandates for transactions up to Rs 15,000

The Reserve Bank of India (RBI) has raised the Additional Factor of Authentication (AFA) limit from Rs 5,000 to Rs 15,000 per transaction for e-mandates on cards, Prepaid Payment Instruments (PPIs) and Unified Payments Interface (UPI) for recurring transactions. It implies, additional authentication will not be need for payment of Rs 15,000 per transaction. Buy …

June 18, 2022 -_7.1

Bhagwat Karad: Govt to take additional efforts to reduce inflation if required

Bhagwat Kishanrao Karad, India’s state minister for finance, stated that the Finance Ministry will take additional efforts to reduce inflation if necessary. Inflation is a worldwide phenomena, and India is better off than other countries. The government is keeping a close eye on inflation and doing everything it can to keep it under control. According …

June 18, 2022 -_8.1

Zomato tie-up with Jio-bp to accelerate EV adoption

Zomato and Jio-bp have entered into an agreement to support Zomato’s commitment towards “The Climate Group’s EV100 initiative of 100 per cent EV fleet by 2030.” The collaboration is poised to accelerate EV adoption in the rapidly growing Indian delivery and transportation segment. Jio-bp, the fuel and mobility joint venture between Reliance Industries Ltd and …

June 18, 2022 -_9.1

Piyush Goyal: After several years, India able to win favourable WTO outcome

Despite a strong global campaign against Indian farmers and fishermen, India was able to secure a favourable outcome at the WTO after many years, commerce and industry minister Piyush Goyal told the media after the conclusion of the 12th ministerial conference — the WTO (World Trade Organisation)‘s highest decision-making body . Buy Prime Test Series …

June 18, 2022 -_12.1

Ministerial meeting on GST rationalisation fails to reach agreement

According to insiders, a group of state ministers working on GST rate rationalisation was unable to achieve an agreement because some members were opposed to modifications to tax slabs and rates. They stated that the Group of Ministers will provide a status report to the GST Council on the consensus reached at the Group of …