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ED SEARCHES IN ZYGARDE TECHNOLOGIES FEMA CASE Why in the News? ED Investigation: Enforcement Directorate conducted searches in the Zygarde Technologies Private Limited case under FEMA provisions. Multiple Searches: Raids were carried out at premises linked to 14 individuals and entities connected with the investigation. Alleged Violations: The company allegedly routed funds abroad through online …
Read MoreRelevance: GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in the News? The Reserve Bank of India (RBI) has initiated consultations on regulating payment aggregators conducting face-to-face transactions. Feedback and comments on these consultation papers are invited by the RBI until May 31. About the …
Read MoreSyllabus: GS 3: Effects of Liberalization on the Economy Indian Economy and issues relating to Planning. Growth and Development. Why in the News? The Reserve Bank of India (RBI) released draft rules for payment aggregators (PAs) in response to the need for better regulation, particularly in offline payment transactions. Source: ET About the Rules: These …
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