"Since 2004, licensing for Urban Co-operative Banks (UCBs) had been paused. Considering the positive developments in the sector during the last two decades and in response to the growing demand from the stakeholders, we propose to publish a discussion paper on licensing of new UCBs," RBI sai
New Delhi [India], January 12: Strengthening India's transition towards a gas-based economy, THINK Gas, one of India's leading City Gas Distribution (CGD) companies, today kicked off the implementation of the Petroleum and Natural Gas Regulatory Board's (PNGRB) National Drive 2.0 with an ina
The Ministry of Electronics and Information Technology (MeitY) conducted routine stakeholder consultations on safety and security requirements on Sunday, maintaining continuous engagement with the industry on security standards. These structured discussions are aimed at developing a robust r
Hyderabad (Telangana) [India], January 10: PayG, a leading homegrown payment gateway, is proud to announce that it has received approval from the Reserve Bank of India (RBI) to operate as an Offline and Cross-Border Payment Aggregator. With this approval, PayG has completed its full suite of
New Delhi [India], January 7: Eraaya Lifespaces Indian Flagship Subsidiary EbixCash, one of India's leading digital financial services providers, has announced the launch of the Legend Card, a co-branded prepaid card developed in partnership with Lotus India Pay. The strategic move strengthe
Parliamentary Standing Committee on Communications and Information Technology on Monday held a meeting to deliberate on issues related to Artificial Intelligence (AI) and is slated to present its report during the forthcoming Budget Session of Parliament.
Nadda highlighted that the Indian Pharmacopoeia serves as the official book of standards for drugs in the country and is a cornerstone of India's regulatory framework for pharmaceuticals. He stated that the 10th edition reflects scientific advancements, global best practices, and India's gro
The UAE Government has issued a federal decree law concerning the Capital Market Authority and a federal decree law concerning the Regulation of Capital Markets, as part of the UAE's ongoing efforts to modernise the legislative and regulatory framework governing the financial sector and enha
Economic reforms in 2025 reflect a maturing phase of India's governance, where the emphasis shifted decisively from "expanding regulatory frameworks" to "delivering measurable outcomes", the government said in a Year-Ender note.
Mumbai (Maharashtra) [India], December 30: BRISKPE, the Prosus-backed cross-border payments platform, today announced it has received the Reserve Bank of India's final authorisation to operate as a Payment Aggregator-Cross Border (PA-CB) under the Payment and Settlement Systems Act, 2007, en
Deputy Chief Minister Eknath Shinde on Thursday announced that a separate regulatory framework will be created to free Mumbai from the pagdi system in the Legislative Assembly and to ensure fair and proper redevelopment of pagdi buildings, a press release from the CM's Secretariat said.
A cross-section of creators, legal experts, brand representatives and digital platforms on Monday raised strong objections to what they termed "blanket labelling" requirements in the Draft IT Rules on Synthetically Generated Information (SGI), urging the government to adopt a clearer, risk-t