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Monthly Archives: January 2019

New player entry in retail payments may get easier

The Reserve Bank of India (RBI) on Monday proposed to relax norms for entry of new players in retail payment systems with a view to give a boost to innovation and competition. At the end of 2018, there were 89 authorised non-bank Payment System Operators. The RBI’s policy paper on …

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Germany bans Iranian airline Mahan Air

Germany said on Monday that it had banned Iranian airline Mahan Air from its airports, in an escalation of sanctions adopted by the European Union (EU) against Tehran over attacks on opponents in the bloc. The move was necessary to protect Germany’s “foreign and security policy interests”, Foreign Ministry spokesman …

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‘Bihar will implement 10% EWS quota’

Bihar Chief Minister Nitish Kumar on Monday said the 10% reservation for the economically weaker sections will be implemented in the State even as he called for enhanced quota for the Other Backward Classes. He demanded that the census in 2021 should be caste-based to enable proportional representation of various …

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