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Babus to face contempt trial if they fail to justify Deepam inaction: HC | India News

MADURAI: Madras high court, hearing contempt petitions filed over non-compliance of its earlier order on lighting of Karthigai Deepam at the deepathoon atop a Thiruparankundram hill in Madurai district, said on Friday that charges would be framed against the contemnors if they failed to show cause for not complying with the directive, reports K Kaushik….

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From queues to QR codes: How UPI transformed India’s digital payments, now driving 49% of global real-time transactions

India’s financial ecosystem has undergone a major transformation in recent years, with the Unified Payments Interface (UPI) emerging as the centrepiece of the country’s digital payments revolution. Just ten years ago, financial transactions in the country were slow and largely cash-dependent but now, they are just a touch or click away, enabling instant, seamless and…

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Currency guardrails: RBI tightens forex derivatives rules for banks amid rupee volatility

The Reserve Bank of India on Wednesday announced fresh restrictions on authorised dealers (ADs) in the foreign exchange market following a “review of evolving market conditions”, as the rupee remains under pressure, according to PTI.In a late-evening notification, the central bank said ADs — banks authorised to deal in foreign exchange — will not be…

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