sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 How to file income tax returns online if you don't have Form 16 ITR 2018-19
 These 5 websites can help you file your ITR Income tax e-filing
 Here's why some retirees no longer have to file a tax return
 How to file different categories of ITR forms online Income tax e-filing
 Here are other documents you need to file online ITR Got your Form-16 for FY18?
 10 must have documents to file your tax return
 Know all about how to file ITR FY 2017-18
 Government extends sale of pre-GST goods with stickers of revised price till July 31
 All 7 ITR forms for assessment year 2018-19 activated for e-filing: Income Tax Department
 Check if new salary structure is income tax efficient
 GST refund drive extended till June 16

Guidelines on e-payments likely in two months: RBI
May, 17th 2008

The Payment & Settlement Act, which will define the legal framework for electronic payments, is likely to come into effect in the next two months, a top Reserve Bank official said here on Friday.

The Act has received Presidential assent and the government notification is awaited, RBI Chief General Manager A P Hota told reporters on the sidelines of a Payment Summit.

"We had sought public comments on the draft guidelines of the Act and yesterday was the last day to submit suggestions. We expect to analyse all comments and finalise guidelines in the next two months," Hota said.

The final guidelines, apart from defining regulations for various electronic payment systems, would enable RBI to monitor global payment gateways Visa and MasterCard.

"They (Visa & MasterCard) will have to apply for registration within six months of the final guidelines being released," Hota said adding the gateways would also have to make periodical submissions under these regulations.
The Act would also enable payment service providers to offer innovative payment solutions.

Clearing Corporation of India Ltd Chairman R H Patil said that the company was looking at launching two new products one each for the currency futures market and over-the-counter interest rates futures.

"Presently, we guarantee settlement in the spot market but there is no guarantee for forward contracts in forex market and OTC contract for interest rate futures," Patil said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions