Allow minimum KYC for transactions below Rs 10,000: Wallet firms urge RBI

As the Reserve Bank of India’s (RBI’s) March deadline for meeting know-your-consumer (KYC) requirements approach, representatives of the prepaid payments industry have requested the regulator to waive off full KYC requirements for transactions below Rs 10,000. The Payments Council of India (PCI), the representative body for digital payment players, as well as various other industry […]

Justin Trudeau in India: Pulses set tone; trade, investment the larger goal

As Canadian Prime Minister Justin Trudeau lands in India today, state and business delegates from both countries are looking ahead for week-long discussions on trade and bilateral relations.Of the $4.1 billion worth of imports from Canada in 2016-17, shipments of pulses — yellow peas, green peas and red lentils (masur) — amounted to $1.1 billion, or more than a quarter of the total, […]