Norms for mobile banking

The Reserve Bank has proposed to come out with a regulatory and oversight framework...

The Reserve Bank has proposed to come out with a regulatory and oversight framework for mobile banking. Stating that the use of mobile communication for banking transaction would assume greater importance in future, the RBI’s draft ‘Financial Sector Technology Vision 2008-10’ document said, “efforts would be channelised to provide for standards for such systems… and suitable regulatory/oversight framework.” The draft vision document said large scale spread of mobile telephony has opened up new vistas for banking in the form of mobile banking.

‘Double bonanza for poor, middle class’: PM’s swadeshi pitch ahead of new GST roll out

India6 hr ago

PM Modi announced the rollout of new GST rates, calling it a "GST bachat utsav" and promising cheaper prices for medicines, insurance, and daily essentials. He emphasized that these reforms would ease doing business, attract investment, and benefit the poor, middle class, MSMEs, farmers, women, traders, and youth. He urged citizens to promote swadeshi goods.

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