Now it would be easier for you to transfer money between wallets. Users of portable wallets now will able to transfer money to exchange from one wallet then onto the next, with the Reserve Bank of India (RBI) discharging rules for the equivalent. The standards on interoperability of prepaid payment instruments (PPIs) don’t force PPIs, for example, wallets to allow…
Read MoreMonth: December 2019
Is new legislation on the way for mandatory linking of Aadhaar with banks and telecoms?
Supreme Court’s judgement of Aadhaar on September 26 declared Aadhaar constitutionally valid, it however restricted the mandatory linking of Aadhaar with private entities such as banks, telecoms, insurance companies etc. Aadhaar should be used for government services. On Saturday, Union Finance Minister Arun Jaitley stated that it is still possible to restore mandatory linking of Aadhaar with telecoms and bank…
Read MoreNew order of Supreme Court for car owners: sticker mandatory to indicate fuel type
A new order has been given by Supreme Court for cars and SUV owners. Now it is mandatory for the vehicle owners to stick a hologram or stickers of various colours to indicate the fuel type of the vehicle. The rule is applicable on both private and commercial vehicle owners. The order has been issued by the bench of Supreme…
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