RBI MPC Meeting Unveils Innovative UPI Feature for Enhanced Financial Collaboration At the heart of financial innovation, the Reserve Bank of India (RBI), under the stewardship of Governor Saktikanta Das, has introduced a groundbreaking feature in Unified Payments Interface (UPI) protocols. This advancement, announced during the latest RBI MPC meeting, marks a significant leap in digital payment facilitation, enabling seamless UPI transactions between multiple users via a shared bank account. Elevating Digital Payment Accessibility The […]

NPCI Implements Standard Reward Rates for RuPay Credit Cards on UPI Transactions: A Comprehensive Overview Introduction to Enhanced Rewards Starting from September 1, 2024, the National Payments Corporation of India (NPCI) has revolutionized the rewards landscape for RuPay credit card users. Under NPCI’s latest directive, RuPay credit cardholders will now garner the same rewards points and benefits on UPI (Unified Payments Interface) transactions as they would with other credit card transactions. This initiative ensures that […]

New Penalty Regime for Pan Masala Makers Introduction to the New Regime At Estabizz Fintech Pvt Ltd, we’re keenly observing the strategic developments unfolding within tax regulation. Come October 1, 2024, the pan masala industry will encounter a transformative shift as a new penalty regime takes effect. This measure, ushered in by the Central Board of Indirect Taxes and Customs (CBIC), introduces a stringent crackdown on tax evasion within this sector. Crux of the Change […]

Sebi Intensifies Oversight on Asset Management Companies to Prevent Market Abuse In a decisive move to curb market abuses, the Securities and Exchange Board of India (Sebi) has significantly tightened regulations governing asset management companies (AMCs). This development reflects Sebi’s commitment to ensuring a transparent, fair, and investor-friendly market environment, reinforcing our ongoing efforts to ensure that businesses operate within a framework of integrity and compliance. Enhanced Regulatory Framework Institutional Mechanism Introduction Issuing a pivotal […]

Embracing the Future: Easier Pathways to Becoming an Investment Advisor In a transformative development for the Indian financial service industry, the Securities and Exchange Board of India (SEBI) is poised to revolutionize the domain by proposing substantial modifications designed to streamline the pathway for professionals wishing to become Registered Investment Advisors (RIAs) and Research Analysts (RAs). These proposals, geared towards simplifying regulations, are critical for those interested in becoming investment advisors and are set to […]