Now you can mandate standing instruction for recurring card payments

Effective from September 1, 2019, your credit card, debit card, prepaid payment instruments or e-wallets can be used to give standing instructions for recurring transactions of merchant payments. The Reserve Bank of India notified on August 21, 2019 that the card holders can provide e-mandate on cards for simple/automatic recurring transactions to the merchants. No…

What is fiscal policy?

Fiscal policy differs from monetary policy. Monetary policy refers to management of money supply and interest rate and is the demand side economic policy used by the monetary authority of a country, typically the central bank (in India RBI) or currency board of a country to achieve macroeconomic objectives like inflation, consumption, growth and liquidity.…