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MoF releases 5th instalment of revenue deficit grant of Rs 7,183 crore to 14 states

PTI The finance ministry on Wednesday released the fifth instalment of revenue deficit grant of Rs 7,183 crore to 14 states for the current fiscal. The states for which Post Devolution Revenue Deficit(PDRD) Grant has been recommended by the 15th Finance Commission during 2022-23 are Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, […]

Paytm creates new company for its online payments business as per RBI guidelines

IPO-bound Paytm will turn its payment aggregator business into a new subsidiary Paytm Payments Services Limited. This follows a directive from the Reserve Bank of India (RBI). The company is seeking approval of the same from its shareholders through an Extraordinary General Meeting on September 23. This will include Paytm’s online payment gateway business. The move to transfer payment aggregator […]

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