Question
Which type of payment is the Reserve Bank of India (RBI)
not responsible for regulating directly?Solution
Explanation: The RBI does not directly regulate cross-border payments, which typically involve foreign exchange regulations under FEMA and are overseen in coordination with authorized dealers (banks) and global SWIFT mechanisms. Domestic payment systems like UPI, RTGS, and NEFT fall under RBI's direct oversight.
The Supreme Court of India recently ruled that accessibility for persons with disabilities (PwDs) is:
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