ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Towards Global Norms in Payment and Settlement Systems

The Indian financial system now encompasses a vast set of payment, settlement and clearance systems. Two recent legislative changes, the enactment and notification of the Government Securities Act 2006 and the passage of the Payment and Settlement Systems Bill 2006 promise to make major improvements in the processing of financial instruments. However, one proposal to shift the entire cheque clearance arrangement to a new corporation is facing hurdles.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top