FOR MORE USE OF DIGITAL PAYMENTS BY CREDIT CARDS THE GOVERNMENT AND RBI MUST PLAY GREATER ROLE TO PROTECT CONSUMERS AND FOR BETTER ACCOUTING AND REPORTING ETC.

FOR MORE USE OF DIGITAL PAYMENTS BY CREDIT CARDS THE GOVERNMENT AND RBI MUST PLAY GREATER ROLE TO PROTECT CONSUMERS AND FOR BETTER ACCOUTING AND REPORTING ETC. https://www.taxtmi.com/article/detailed?id=8447 The article critiques credit-card practices-high and compounding interest and late fees, flawed interest calculations, inconsistent merchant charges, reward disparities, aggressive recovery tactics, and varying statement periods-and urges government and the central bank to require standardised billing periods from the first to last day of the calendar month with a minimum fifteen-day payment window, reasonable and clear terms for fees and interest, caps or regulation of excessive charges, mandated electronic PDF and Excel statements with annual consolidated statements, and oversight to ensure transparency and consumer protection. en-us Thu, 04 Apr 2019 09:40:31 +0530 Thu, 04 Apr 2019 09:40:31 +0530 TaxTMI RSS Generator FOR MORE USE OF DIGITAL PAYMENTS BY CREDIT CARDS THE GOVERNMENT AND RBI MUST PLAY GREATER ROLE TO PROTECT CONSUMERS AND FOR BETTER ACCOUTING AND REPORTING ETC. https://www.taxtmi.com/article/detailed?id=8447 The article critiques credit-card practices-high and compounding interest and late fees, flawed interest calculations, inconsistent merchant charges, reward disparities, aggressive recovery tactics, and varying statement periods-and urges government and the central bank to require standardised billing periods from the first to last day of the calendar month with a minimum fifteen-day payment window, reasonable and clear terms for fees and interest, caps or regulation of excessive charges, mandated electronic PDF and Excel statements with annual consolidated statements, and oversight to ensure transparency and consumer protection. Articles Corporate Laws / IBC / SEBI Thu, 04 Apr 2019 09:40:31 +0530 https://www.taxtmi.com/article/detailed?id=8447