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Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman presided over the 28th Meeting of the Financial Stability and Development Council (FSDC) held today in New Delhi.

Sitharaman chairs 28th meeting of FSDC today, prioritizes boosting financial sector resilience

February 21, 2024, 07:05 PM - 2 min read

The gathering addressed critical issues pertaining to macro financial stability and India's readiness to confront them effectively. Among the key deliberations were ongoing inter-regulatory matters aimed at bolstering the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC) to solidify its position as a global financial hub, facilitating foreign capital inflow and financial services for the domestic economy.

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Visa and Mastercard barred from B2B transaction.

After Paytm, Visa and Mastercard feel the heat of RBI’s KYC concern

February 15, 2024, 02:32 PM - 2 min read

RBI has restricted Visa and Mastercard from offering card based B2B payments to clampdown unauthorised digital transactions.

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