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Economy and Politics
RBI proposes to relax norms for new players' entry in retail payment

The RBI's policy paper on 'Authorisation of New Retail Payment Systems' proposes a multi-pronged policy action for a more appropriate level of retail payment systems and operators.

 
 
There is, however, no silver bullet solution to agrarian distress. It needs long-term planning and multi-pronged strategy.
The agency says India's revenue will clock a deficit of 0.5 per cent of the GDP in FY20 due to a higher growth in revenue expenditure than in revenue receipts.
Almost 40% of Indian billionaires have inherited their wealth; the inheritors account for almost two-thirds of the total wealth of billionaires, says the report.
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