A window of opportunity-II

India can prosper if independent institutions deliver inclusive politics, which forms the very foundation for inclusive economics Topics BS Opinion Why Nations Fail by Daron Acemoglu and James Robinson (A&R) distinguished between inclusive and extractive economic and political institutions. Part 1 of this article argued that after a dream run of 40 years, China is…Continue Reading

Scheduled payment banks, SFBs to do government agency business: RBI

Bank executives said this is step to broad-base set up and enhance quality of service for government business Topics Payment banks | RBI | Private banks Abhijit Lele  |  Mumbai  Last Updated at December 16, 2021 01:27 IST Reserve Bank of India The Reserve Bank of India (RBI) has thrown open the government agency business like tax collection to…Continue Reading

Paytm stock falls 8% as  anchor investor’s 30 days lock-in period ends

After dropping to a low of Rs 1,298 apiece, the stock finished at Rs 1,380, its lowest level since November 22, the second day of listing Topics Paytm | Anchor investors | One97 Communications Samie Modak  |  Mumbai  Last Updated at December 15, 2021 22:45 IST Shares of One97 Communications, the parent of Paytm, declined nearly 8 per cent…Continue Reading

Govt to refund MDR losses to banks on digital payments for FY23

Payment companies like Visa and Mastercard have been seeking a level playing field with RuPay, claiming the government is favouring the latter Topics Digital Payments | merchant discount rate MDR | MDR The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved an incentive scheme worth Rs 1,300 crore for 2022-23 to promote RuPay debit cards and…Continue Reading