IFSCA on 2nd April, 2024 has issued the International Financial Services Centres Authority (Payment Services) (Amendment) Regulations, 2024. The amendment allows payment system providers to provide “escrow service” under an agreement, whereby money is held by such payment service provider in an escrow account with an IFSC Banking Unit (‘IBU’) or an IFSC Banking Company (‘IBC’) for and on behalf of one or more parties that are in the process of completing a transaction.
India Boosts Wildlife Research and Pashmina Certification with New Advanced Facilities
21 December 2024
Union Minister for Environment, Forest and Climate Change, along with the Minister of State for the same ministry, inaugurated two significant facilities at the Wildlife
