India's central bank, which regulates monetary policy, banking, and payment systems including card and digital payment rules.
Under the Income-tax Rules, 2026, Form 97 replaces Form 60 and is accepted for only six of the 16 transactions that require PAN, a dev.to guide reports. Lenders need a transaction-type check at intake before accepting any declaration in place of a PAN.
Reality
India's central bank raised its repo rate 25 basis points to 5.50%, its first increase since February 2023. Governor Sanjay Malhotra expects inflation near 5.8%, so the real policy rate is still negative and the open question for bond and rupee holders is how far the cycle runs.
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RBI Governor Sanjay Malhotra said on Oct. 3 that India stays cautious on crypto, weeks after India's FIU sent AML notices to 15 platforms. Firms with Indian users should plan for tax and AML enforcement as the working regime while the RBI builds digital-rupee settlement for tokenized bonds.
Reality
Apple Pay launched in India on Axis Bank Visa and Mastercard credit cards only, with Apple reportedly seeking a fee of about 20 basis points per transaction. How far it spreads now depends on bank negotiations and on acquirers enabling terminals one at a time.
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8 publishersReality
Apple Pay went live in India on 30 September, and at launch the only cards users can add are Axis Bank's Visa and Mastercard credit cards. Until another bank signs up, every Apple Pay purchase in the country runs on an Axis credit card, whatever the merchant or processor.
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10 publishersReality
NPCI's new merchant discount rate caps at Rs 300 above Rs 75,000, exempts UPI AutoPay and charges fuel and utilities a flat Rs 5. Checkout cost in India now depends on category and funding instrument as much as on ticket size.
Reality
NPCI has put a price on India's larger UPI merchant payments from October 15, and by the Finance Ministry's own estimate the 0.4% charge touches only 4% of merchant transactions. Person-to-person transfers stay free.
Perspective Coverage
3 publishersReality
Reuters reports Apple Pay will arrive next month on Axis Bank credit cards, with the two larger issuers still unsigned. The Economic Times reported Apple asked for 15 to 20 basis points a transaction and banks countered at about 10.
Reality
A production guide to Indian subscription billing puts the hands-free UPI Autopay threshold at Rs 15,000 per debit, and that single figure constrains plan price, billing period and which mandate the customer registers before any gateway code is written.
Reality
India's data protection law runs alongside RBI's KYC directions with its own legal basis and its own penalties. The obligation that reaches furthest into a KYC stack is deletion that some service has to fire on a defined event.
Reality
NPCI capped the merchant fee at ₹300, exempted anyone taking under ₹100,000 a month, and kept consumer payments free. The band that pricing owners have to model runs from ₹2,001 to ₹75,000, where the full 0.4% applies.
Reality
The AllRates dataset on Hugging Face holds 14.6 million rows in each publisher's own direction and label, so the collecting is finished while the inversion, rounding and missing-day rules stay in your code.
Reality
SEBI and the Reserve Bank of India now have 10.25 billion rupees of corporate debt live on a permissioned ledger settled in wholesale digital rupees, with the depositories holding the private keys and 23 investors holding the bonds.
Reality
The September 11 letter leaves Tata Sons holding standalone assets of Rs 2.01 lakh crore against a Rs 1 lakh crore threshold, and the only escape left is becoming a company half that size. Tata Trusts, with about 66%, oppose the float.
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Demat 2.0 settled REC, L&T and IIFL paper against the wholesale digital rupee on the day of bidding, with the same ISINs, coupons and ratings the bonds would have carried anyway.
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About 8 percent of the Rs 42.4 crore taken in these three cases is publicly traced into a named account, and the people in custody are the ones who received the money rather than the ones who placed the calls.
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Peering two Regions gets you a writable endpoint on each side and no failover step to run. The commit path pays an inter-Region round trip for it. The latency SLO that survived the migration is what breaks.
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