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.
Tea Board Announces Start Dates for 2025 Tea Plucking and Manufacturing
1 February 2025
The Tea Board of India has announced dates for the commencement of tea plucking and manufacturing for the 2025 season across several key tea-producing regions.
