Launch of interoperable payment system for internet banking in 2024: RBI Guv

Launch of interoperable payment system for internet banking in 2024: RBI Guv

MUMBAI: Reserve Bank Governor Shaktikanta Das on Monday said the launch of interoperable payment system for internet banking is likely in 2024 which will facilitate quicker settlement of funds for merchants.Internet banking is one of the oldest modes for online merchant payment transactions and is a preferred channel for payments like income tax, insurance premium, …

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ED Investigates Gaming Companies’ GST Evasion Worth Rs. 23,000 Crore

ED Investigates Gaming Companies’ GST Evasion Worth Rs. 23,000 Crore

Tax authorities are currently investigating cases of GST evasion amounting to approximately Rs 23,000 crore by gaming companies from April 2019 to November 2022, according to Minister of State for Finance Pankaj Chaudhary. In response to a question in the Lok Sabha, Chaudhary stated that the Enforcement Directorate (ED) has seized proceeds of crime exceeding …

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