Parliament passes Payments and Settlement Bill, 2014
- April 29, 2015
Parliament has passed Payments and Settlement Bill, 2014. It was first passed in Lok Sabha on December 9, 2014 and later in Rajya Sabha on April 27, 2015. The bill aims at Addressing the problem of insolvency in the payment and settlement system by increasing transparency and stability in it. Bringing India’s banking payment system