NEWS BUZZ
RBI draft norms for stricter KYC rules for payment aggregators could slow the onboarding of online merchants by up to 90%.
Government of India has simplified the payment mechanism for traders importing pulses from Myanmar, with the introduction of Rupee/Kyat mechanism.
After a 5% decline in goods trade in 2023, the WTO has predicted a 2.6% rise in 2024, driven by rising real incomes in advanced economies.