The government has indicated that it may reconsider the case pertaining to the one time spectrum charges (OTSC) of Rs 40,000 crore against telecom operators, as per news reports. The Department of Telecommunications (DoT) has sought a three-week period to reconsider the decision to penalise telecoms for the delay in the payment of one-time charges for …
An Overview Under the Payments and Settlement Systems Act, 2007, BSE Technologies acquired in-principle authorisation from the Reserve Bank of India (RBI) to set up and run the Trade Receivables Discounting System (TReDS). BSE Technologies is a completely owned BSE company that specialises in IT solutions. TReDS is an electronic platform that allows Micro, Small, …
An Overview The industry association FICCI raised its growth forecast for the Indian economy in FY22 from 9% to 9.1 percent on Thursday, up from 9% previously. “Following the second wave of the pandemic, the economic recovery appears to be holding steady, as evidenced by the incoming data on different high-frequency indicators. The next festive …
An Overview The Reserve Bank of India (RBI) held key policy interest rates steady on Friday, indicating that it expects the weak economic recovery to deepen, and it reiterated its accommodative approach, which promotes a long-term recovery. It did, however, take the first move toward reducing excess liquidity by eliminating the special Government Securities Acquisition …
On Tuesday, 5 October 2021, BSE Tech received in-principal approval from RBI to set up its Trades Receivable Discounting System or TReDs. This authorisation was initiated under the purview of Payments and Settlement Systems Act, 2007. BSE Technologies Limited, one of BSE’s wholly-owned arms, is looking to introduce this platform to help MSMEs in working …
An Overview Finance Minister Nirmala Sitharaman said on Monday that company secretaries’ advice will make a big impact because only “well-managed” enterprises that follow strong governance procedures attract investors. She also stated that Indian companies have done very well in attracting investments in the recent year as a result of their transparency and enhanced compliance. …
India is well on its way to becoming one of the leading markets in terms of the fintech landscape, with more than 2100 fintech firms in operation, according to a statement made by the country’s Commerce and Industry Minister at the Global Fintech Fest 2021. What exactly is fintech? Fintech is the intersection of technology …
On Thursday, the Comptroller and Auditor General of India (CAG) announced numbers relating to the fiscal deficit for the period starting from 1st April 2021 up to August 30, 2021. Out of the total fiscal deficit planned for the whole year, April to August total reached only close to 31% as per the reports. In …
In the present world, it has become effortless to do financial transactions. With a click on the phone, you can transfer a huge amount of money across any corner of the world. This is all possible due to the rapid innovation and revolution in the space of the fintech industry. FinTech, which stands for Financial …
An Overview Increased software services revenue and inward contributions from diaspora Indians overseas enabled the current account in the balance of payments to end in a positive for the quarter ended June’21, countering a significant increase in the petroleum import tariff. In addition, the economic slowdown brought on by the 2nd lockdown during the quarter …
