The Reserve Bank of India has released a draft proposal to strengthen the Prepaid Payment Instruments framework, aiming to support long-term growth. The plan focuses on enhanced transaction security, and more explicit guidelines for refunds and handling customer grievances. The RBI will consider public feedback until May 22, 2026, before finalizing the changes.
India’s aviation regulator DGCA has issued a formal warning to IndiGo over the fare levels the airline set for December 2025. The notice comes after the government imposed caps on domestic fares during the month. IndiGo says it has moved to correct the issue, including issuing refunds for any charges found to be inflated.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
The NCDRC has taken an unusually firm step against Ansal Properties and its affiliate Ansal Hi-Tech Township by effectively dissolving the corporate barrier between them. The move follows repeated non-compliance with earlier orders demanding refunds to aggrieved homebuyers, signaling tougher enforcement when builders try to hide behind complex corporate structures.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
