The RBI on Wednesday, July 14, barred Mastercard from onboarding new credit, debit and prepaid card customers with effect from July 22. The action will not impact existing customers of Mastercard, the RBI said. Taking action against Mastercard, the RBI said, “notwithstanding lapse of considerable time and adequate opportunities being given, the entity has been found to be non-compliant with the directions on Storage of Payment System Data”.
Indian Americans
India’s Bibek Debroy conferred with Lifetime Achievement Award in Australia
MELBOURNE (TIP): India’s leading economist & Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) Bibek Debroy has been conferred a Lifetime Achievement Award by The Australia India Chamber of Commerce (AICC). The […]
India
Egypt considering allocating land to Indian industries in Suez Canal Economic Zone
New Delhi (TIP)- India and Egypt have reaffirmed their commitment to the founding values of the Non-Aligned Movement (NAM), international law and respect for the sovereignty and territorial integrity of all states. It was mentioned […]
Business & Economics
Sensex snaps 5-day rout, rebounds 367 points
Mumbai (TIP)-Snapping its five-session losing streak, equity benchmark Sensex rebounded 367 points on Tuesday, January 25, boosted by strong gains in Maruti, Axis Bank and SBI amid a supportive trend in European equities. The BSE […]
Be the first to comment