Page 279 of Opinion

delines from RBI opens up opportunities for fintechs and startups working in the payment space to further innovate and build products.

Towards payment inclusion

Not just remote areas, offline payment will also serve cities where network failure is a serious issue

Senior citizens will be unable to claim the deduction up to Rs 50,000 for interest income from banks and post-office deposits.

Reforming individual income tax

Replace the six-slab tax structure with a new three-slab structure with no deductions and exemptions, except towards insurance premium and…

Armed with such faith, SEBI Issue of Capital and Disclosure Regulations [ICDR] reserve 35/50% [depending on whether pricing of the issue is on book-built or fixed methodology] of public issues for RIIs. Individuals who apply for securities not exceeding Rs 2 lakh are classified as RIIs.

Scrap retail reservation in IPOs

The complexities of the new financial models and AI-based games, and adventurous retail investors are a strong argument for this