The Reserve Bank of India raised the Additional Factor of Authentication (AFA) limit from Rs. 5,000 to Rs 15,000 per transaction for e-mandates on cards, Prepaid Payment Instruments (PPIs) and UPI for recurring transactions.
The World Bank has slashed its growth forecast for India for the current financial year to 7.5 percent, a hefty 1.2 percentage points down from its previous forecast of 8.7 percent.
Entrepreneur Ranjit Bajaj has been named chairman of the advisory committee to assist the Supreme Court-appointed Committee of Administrators (CoA), which runs the day-to-day affairs of the All India Football Federation (AIFF).
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