RBI tightens rules for offline payments

MUMBAI: RBI on Sept 15 issued new directions for payment aggregators (PAs), mandating stricter merchant vetting and extending oversight to physical payments.RBI’s directions make PAs the first line of defense against fraud by requiring stronger KYC and risk-based due diligence, with larger merchants facing tighter checks. For the first time, offline PAs handling proximity payments…

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Tiger kills farmer near Katarniaghat forest reserve, remains untraceable | Lucknow News

Lucknow: A 26-year-old farmer was killed by a tiger near Katarniaghat Wildlife Division in Bahraich on Monday. The attack has triggered fear among villagers as human–wildlife conflicts continue to rise in the region.According to locals, the victim, Indal, a resident of Harkhapur village under Murtiha police station limits, stepped out of his home around 8…

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WPI inflation swings into positive zone

NEW DELHI: Wholesale price inflation swung to positive territory in Aug after contracting for two months in a row as food and manufactured product prices inched up. Data released by the commerce and industry ministry on Monday showed inflation, as measured by the wholesale price index (WPI), rose to a four-month high of 0.5% in…

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