delegated transactions

The first bench of Chief Justice Sushrut Arvind Dharmadhikari and Justice G Arul Murugan, through an order dated April 8, has directed the registry to list the case for deciding its maintainability.

Many Pak generals have cosied up to US presidents. So, this version isn’t surprising. Deals, like on cryptocurrency, cringe-worthy flattery, and Pak-Saudi-Türkiye-Egypt emerging quad have made Munir the go-between. But, any peace talk is good for India

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The National Payments Corporation of India introduced the UPI Circle-Delegate Payments feature, enabling primary UPI account holders to delegate transaction rights to secondary users. This feature aims to enhance digital payment usability, particularly for families, joint account holders, and small businesses. It allows flexibility and security by offering options for partial or full delegation of payment responsibilities.

The Reserve Bank of India announced the introduction of "Delegated Payments" within the UPI system, permitting primary users to authorize secondary users to conduct transactions from their bank accounts, with specified limits. This feature aimed to increase digital payment reach, making transactions more secure and convenient for different demographics, including those without their own bank accounts.

The Reserve Bank of India announced an increase in the UPI transaction limit for tax payments to Rs 5 lakh from Rs 1 lakh. This change aims to ease tax payments through UPI. Additionally, a new 'delegated payments' feature will allow users to authorize others to make UPI transactions from their bank account up to a specified limit.

Foreign delegates at the India AI Impact Summit can now use UPI for payments without an Indian SIM or bank account. NPCI's 'UPI One World' pilot allows visitors from over 40 nations to make real-time person-to-merchant transactions using the CheqUPI app, easing their stay and showcasing India's digital payment prowess.

The Reserve Bank of India proposed creating a repository of digital lending apps to combat fake loan app scams. Additionally, the RBI suggested a 'Delegated Payments' feature for UPI, allowing one person to permit another to make transactions on their behalf. The UPI transaction limit for tax payments was also increased from Rs 1 lakh to Rs 5 lakh.

The BHIM app introduces UPI Circle, enabling users to delegate payment access to trusted contacts. This feature supports various use cases, including assistance for senior citizens, controlled spending for young adults, and secure delegation for small businesses. Primary users maintain oversight through real-time notifications and transaction approvals, enhancing financial inclusion and security.

The RBI announced changes to the UPI system, including raising the transaction limit for tax payments via UPI to ₹5 lakh. Another enhancement introduced a 'Delegated Payments' feature, allowing a primary user to authorize another to make transactions from their account. These changes aim to boost UPI adoption and ease tax payments.

RBI allowed 'delegated payments' on UPI, enabling third parties to perform transactions using a primary user's account. The tax payment limit on UPI was raised to Rs 5 lakh. This innovation is expected to enhance digital payment reach. Additionally, continuous cheque clearing was introduced to improve efficiency, potentially allowing same-day clearance.

UPI Circle, launched by NPCI on the BHIM app, enables delegated payments with security and oversight, expanding financial inclusion. Primary users can authorize secondary users to make transactions within set limits, benefiting those lacking digital literacy or bank accounts. This structured approach reduces cash reliance and increases transparency for families and businesses.

NEW DELHI: Since bulk of the bond transactions are done through NDS and these transactions are in any case proposed to be kept out of transaction tax net, it is possible that the small part of the bond transactions done through stock exchanges would also get the waiver.

In a ray of hope for flat buyers, a delegation of legislators on Wednesday met state functionaries and asked the government not to hike ready reckoner rates for the coming year.

Shark Tank judge Anupam Mittal raised a complaint with State Bank of India over UPI limit errors affecting merchants since July 20. He praised recent RBI innovations in UPI but highlighted that the errors, unique to SBI, undermine confidence in the payment system and impact India's economic growth.