The RBI is expected to notify revised KYC guidelines by November 30, with the court seeking to examine the draft before it is finalised.
Supreme Court Flags Rs 800 Crore Digital Arrest Losses, Says Banks Must Compensate Victims
A request from the Supreme Court is no polite suggestion
'Why Is The Entire System Working To Help Manufacturers?’ SC Questions Medicine Pricing
The case pertains to allegations that Anil Mithas, promoter of a Noida-based real estate company, diverted funds collected from homebuyers by UFHL for its Aranya project, prompting money laundering proceedings by the agency
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The Indian government confirmed that the 0.4% merchant discount rate (MDR) on person‑to‑business UPI transactions above Rs 2,000 will remain in place and will not be withdrawn, despite opposition criticism and a pending Supreme Court challenge. The fee, set to start on October 15, will be capped at Rs 300 for payments of Rs 75,000 or more, while person‑to‑person transfers stay free.
The Supreme Court has sent the SEBI penalty case against Cairn India, now part of Vedanta, back to the Securities Appellate Tribunal for fresh examination. The court ordered a six‑month review of the disputed buyback transaction and related alleged fraud.
