With govt unwilling to extend the deadline, compliance is the only option, for now
2 min read17 Oct 2018In April, the RBI issued instructions that payments data should be stored within the country, in order to ensure better monitoring, and told all system providers to comply within six months
1 min read15 Oct 2018The government and RBI also do not favour allowing data mirroring by payments firms as an alternative to only storing data locally
1 min read16 Oct 2018Major payment firms had sought more time to comply with RBI norms, which mandate storage of data locally
2 min read12 Oct 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared