NEW DELHI: Government intends to bring a bill to empower RBI to regulate and oversee various payment and settlement systems, including those by card companies and national bodies like Clearing Company of India.
"We intend to bring a bill to regulate payment systems," Finance Minister P Chidambaram told the Lok Sabha on Friday while replying to questions over credit card industry.
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Friday, August 24, 2007
Govt plans bill to regulate credit card payments
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