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RBI has fined Amazon Pay India more than Rs. 3.06 crore for non-compliance with certain provisions related to PPIs and KYC direction.

 RBI fines Amazon Pay India over ₹3 crore for non-compliance with KYC regulations

RBI has fined Amazon Pay India more than Rs. 3.06 crore for non-compliance with certain provisions related to PPIs and KYC direction.

RBI has fined Amazon Pay India more than Rs. 3.06 crore for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction. The RBI found that Amazon Pay India had failed to adhere to KYC requirements as directed by the RBI. After being notified of non-compliance, Amazon Pay India was given an opportunity to respond and provide reasons why a penalty should not be imposed.
However, the RBI concluded that the non-compliance charge was substantiated and imposed a monetary penalty based on deficiencies in regulatory compliance. The penalty does not question the validity of any customer transaction or agreement made with Amazon Pay (India). Amazon Pay is Amazon's digital payment division. The RBI enforced the penalty under Section 30 of the Payment and Settlement Systems Act, 2007.

UK PM Rishi Sunak fined by British Police, here's why

UK PM Rishi Sunak gets fined by British Police, here's why

Lancashire Police said in a Twitter statement not directly naming Sunak: "We have today issued a 42-year-old man from London with a conditional offer of fixed penalty."

British police on Friday fined Prime Minister Rishi Sunak for failing to wear a seatbelt in a moving car while filming a social media video.
Lancashire Police said in a Twitter statement not directly naming Sunak: "We have today issued a 42-year-old man from London with a conditional offer of fixed penalty."
A fixed penalty means Sunak can pay a fine to avoid a court hearing.
Downing Street said in a statement that Sunak "fully accepts this was a mistake and has apologised".
"He will, of course, comply with the fixed penalty," it said.
The BBC reported that the fine for not wearing a seat belt as a car passenger would be &pound;100 ($124). If the case went to court, Sunak could pay &pound;500.
In Thursday's video, produced for distribution on Sunak's social media channels, the beltless Conservative leader speaks from the back seat of a moving car about his policies for boosting growth during a trip to Lancashire in England's north.
Sunak apologised for an "error of judgement" soon after the video came out on Thursday, according to Downing Street, and it has been removed from Instagram.
Also Watch: <a href="https://www.editorji.com/world-news/trending-rishi-sunak-draws-flak-after-conversation-with-homeless-man-goes-viral-1672142344098">Trending: Rishi Sunak draws flak after conversation with homeless man goes viral</a>

According to sources, the Competition Commission of India has imposed this fine on Google for abusing its dominant position in multiple markets in the android mobile device ecosystem.

Know why Google was fined Rs 1,337.76 crore by Competition Commission of India

According to news reports quoting sources, the Competition Commission of India has imposed this fine on Google for abusing its dominant position in multiple markets in the android mobile device ecosystem.

The Competition Commission of India (CCI) has directed the leading Internet company to stop unfair business practices.

The Competition Commission of India (CCI) has imposed a fine of Rs 1,337.76 crore on Google, which provides the world's largest Internet search facility.&nbsp;
According to news reports quoting sources, the Competition Commission of India has imposed this fine on Google for allegedly abusing its dominant position in multiple markets in the android mobile device ecosystem.
The Competition Commission of India (CCI) has directed the leading Internet company to stop unfair business practices. The commission said in an official statement on Thursday that Google has also been directed to modify its functioning within a stipulated time-frame.
Earlier, On 8 February 2018, a fine of Rs 135.86 crore was imposed on Google. At that time CCI found Google guilty of abusing its strong position in the online search and advertising market.

In an unusual case, a former interim chief of the CBI was fined Rs 10,000. This after he repeatedly approached courts to get a blue tick on Twitter.
The penalty on retired IPS officer M Nageswara Rao was imposed by the Delhi High Court on May 17. Rao had filed a petition against Twitter's decision to remove the blue tick from his account. The blue tick is a sign that the account is verified.
In April 2022, the High Court had asked Rao to re-apply for the verified status. On May 17, the court asked the former IPS officer why he had filed another petition so soon.
In the latest petition, Rao had accused Twitter of violating various Constitutional provisions, including impairing his right to free speech. The blue tick was removed from the former CBI interim director's account in March 2022.

₹10,000 fine for Twitter blue tick case: CBI ex-chief pulled up by Delhi High Court for repeated pleas

The penalty on retired IPS officer M Nageswara Rao was imposed by the Delhi High Court on May 17. Rao had filed a petition against Twitter's decision to remove the blue tick from his account.

In an unusual case, a former interim chief of the CBI was fined Rs 10,000. This after he repeatedly approached courts to get a blue tick on Twitter.
The penalty on retired IPS officer M Nageswara Rao was imposed by the Delhi High Court on May 17. Rao had filed a petition against Twitter's decision to remove the blue tick from his account. The blue tick is a sign that the account is verified.
In April 2022, the High Court had asked Rao to re-apply for the verified status. On May 17, the court asked the former IPS officer why he had filed another petition so soon.
In the latest petition, Rao had accused Twitter of violating various Constitutional provisions, including impairing his right to free speech. The blue tick was removed from the former CBI interim director's account in March 2022.

1,083 road offences recorded, Rs 4,41,200 collected from in and around state capital by traffic dept from August 21 to September 8 this year.

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