Free Press Journal
  • RBI lets all co-op banks with ATMs issue semi-closed pre-paid cards

     New Delhi : The Reserve Bank of India on Friday allowed all co-operative banks with their own network of automated teller machines to issue semi-closed pre-paid payment instruments, provided there are no curbs on acceptance or withdrawal of deposits from these banks. Semi-closed pre-paid payment instruments allow for the purchase of goods and services at certain merchant locations as per a contract with the issuer.

  • Agents to give PAN, other info to Sebi for digital payments

     New Delhi : All the market intermediaries will have to provide information about their PAN, registration number, mode of payment and banking details to Sebi after making payment in digital mode.

  • Bhopal: Rs 10 lakh MGNREGS wages unpaid for four years

    UMARIA: This is the tale of pre-dominantly tribal, hilly villages of Umaria district. For the past 4-5 years, the residents of almost all the villages are waiting for the payment of their wages to the tune of Rs 10 lakh.

  • RBI issues advisory on E-wallets

    New Delhi : The Reserve Bank of India (RBI) on Thursday advised the users of Pre-paid Payment Instruments (PPIs), including mobile and electronic wallets that only non-bank entities authorised by RBI under the Payment and Settlement Systems Act, 2007 (the Act) can issue PPI wallets for purchase of goods and services from third parties and money transfer within India.

  • Govt considering regulator for electronic payments

    New Delhi : With digital transactions gaining traction, the government is mulling setting up of a separate regulator for enabling electronic payment system in the country as well as regulate transaction charges.

  • Digital payment providers to fix firewalls after PayTM cyber attack

    New Delhi : At a time when the cyber vulnerability in the payment gateways of e-wallet companies are becoming visible as they witness a rise in usage and popularity, upgraded security is the only way to safeguard millions of first-time users.

  • Bhopal: Treasury may ban withdrawals before March

    BHOPAL: The state treasury, in view of the financial crisis gripping the state, may stop accepting bills for payment before March this year. A ban on making new purchases, imposed by the finance department, is in place since December 31.

  • Note ban row again shuts Parliament

    New Delhi : Both houses of Parliament witnessed disruptions for the 13th consecutive day on Monday over the issues of people facing problems over cash crunch, alleged non-payment of salaries to central government staff and discussion on demonetisation.

  • Petrol pumps get into digital overdrive, play up wallets

    New Delhi : Making a push to promote digital payment post demonetisation, petrol pumps across the country have installed infrastructure to accept not just credit and debit cards but e-wallets and mobile wallets as an alternative to cash, reports PTI. Also, over 4,800 petrol pumps across the country are dispensing Rs 2,000 per card a day through POS machine swipes and have dispensed Rs 65 crore in the past two weeks.”Beginning today, we

  • Debit card charges dropped, farmers to get easier cash access

    New Delhi : Amid the ongoing political outcry over demonetisation, the government on Wednesday announced more steps to help farmers to meet their cash needs during the ongoing rabi season and directed banks to waive debit card transaction charges to encourage digital payment, reports PTI. To ensure quick and unhindered flow of credit and cash to farmers during the current rabi season to deal with ban of Rs 500/1,000 notes, the government has

  • Infant dies as Pune hosp refuses part payment in defunct notes

    Pune : An infant girl died at KEM Hospital here on Monday after she was allegedly refused treatment by a prominent hospital for her heart condition, apparently over the issue of payment in demonetised currency notes.

  • Bhopal: Land-related government payments can be made in old notes

    BHOPAL: The payment of Nazul land, for land cess and diversion of land can be paid through old notes of Rs 500 and Rs 1000 till November 24. For the payment of revenue fee for Nazool, Bhu-Bhatak and diversion, demand form would be obtained from WBM branch of Tehsil office or through challan, accompanied with identity proof, to be submitted in the bank. The banks, in such cases, will accept notes of

  • Accept payment in hospitals account: Government to private banks

    BHOPAL: For the convenience of patients, the state government has issued a circular to private banks and has asked them to accept payment directly in the bank account of the hospital. The patients can now deposit the amount in the banks account after producing proof of admission of patient in hospital. Also, payment can be made directly through POS machine.

  • Maharashtra citizens can use demonetised notes to pay government dues

    Mumbai: The Centre has accepted Maharashtra government’s request to allow Rs 1,000 and Rs 500 bills for payment of electricity bill, water bill, property tax or any kind of government dues, thus easing troubles of the common man in wake of the demonetisation of high denomination notes.

  • Telcos liable for bill payment issues on mobile apps: Trai

    New Delhi : Telecom regulator Trai has held that operators would be liable for any non-compliance to rules by third party vendors like websites and apps for issues related to bill payment and recharges.

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