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How will MDR on UPI affect your mutual fund investments? Will AMCs and brokers pass on the costs to users?The introduction of a 0.02% merchant discount rate will impact specific mutual fund and broking transaction payments. One-time investments ...- Cannot rest on tailwinds, have to be conscious of risks, says PM's Principal SecretaryMishra listed fragmented global alliances, dependence on imports, pressure on the country's external accounts and artificial intelligence a...
- Tenant received Rs 1.38 crore worth of flats for surrendering tenancy rights for society's redevelopment, he received income tax notice; Know how he won the case in ITAT MumbaiTenant receives Rs 1.38 crore permanent alternate accommodation, gets Section 56(2)(x) tax notice; ITAT Mumbai gives relief; know why. This...
- In 1875, engineers opened a funicular beneath Istanbul’s steep waterfront slope; the Tünel still operates more than 150 years laterIstanbul's Tünel, which has been in operation since 1875, stands as a testament to enduring urban transit systems. This historic funicular,...
- UPI vs credit cards - How India's payments system is boosting savings and benefitting multiple stakeholdersThe Anglo-Saxon economies of the US, United Kingdom and Australia show a reduction in household savings rates along with a growth in credit...
- SpaceX stock transfers raise compliance questions for Indian HNIsIndian investors holding SpaceX shares are seeking legal advice on compliance. These investors received SpaceX shares directly from offshor...
- 5 Bangalore landowners formed a partnership firm to develop property, received income tax notice for undisclosed rental income; won relief in ITAT for this reasonBangalore landowners get relief from undisclosed rental income tax notice after proving in ITAT that their partnership firm received the re...
- Can NRIs save income tax by gifting shares to their resident parents? Know these tax rules before transferring sharesWhile giving shares to your parents who reside in your home country might appear as a thoughtful gesture, it has substantial tax considerat...
- Sebi to examine discount brokers’ concerns over new UPI MDRSebi is set to investigate the issues raised by discount brokers regarding new UPI charges that will impact large fund transfers starting O...
- New-age brokers Groww, Zerodha, others to write to Sebi on UPI MDR: SourcesThe representation from brokers is likely to propose capping the charge at Rs 5 instead of Rs 300, raising the zero-MDR threshold from Rs 2...
- New UPI MDR Explained: Impact on mutual funds, brokers & investorsThe implementation of a new 0.02% merchant discount rate will influence certain UPI transactions, including one-time contributions to mutua...
- Modi's governance model: Scaling trust, efficiency and growthGovernance transformation relies on technology and citizen engagement for efficient delivery. Digital identity and direct transfers have im...
- Nithin Kamath says new UPI charges on investing, broking don’t make sense: 'I don't see how we can absorb this indefinitely'Zerodha CEO Nithin Kamath said the new UPI MDR framework may not make economic sense for investing and broking, where customers can transfe...
- UPI MDR explained for investors: How will new charges impact your mutual fund SIPs and stock investments?From October 15, MDR will apply to select UPI person-to-merchant payments above Rs 2,000, but not to all such transactions. UPI AutoPay and...
- Zerodha's Nithin Kamath warns equity deliveries will no longer stay free due to MDR on UPI, says brokers cannot absorb the additional cost foreverZerodha founder Nithin Kamath has said the proposed Merchant Discount Rate (MDR) on UPI transactions could end free equity delivery trades,...
- MDR on UPI does not make sense for broking and investment payments, say Nithin Kamath and Deepak ShenoyThe NPCI has unveiled a new merchant discount rate that introduces a 0.4% fee for UPI person-to-merchant transactions exceeding Rs 2000. Th...
- UPI charge is just tax collection: Ashneer Grover calls out government wanting to charge on payments above Rs 2,000 while banks are making crores in profitsBharatPe co-founder Ashneer Grover has questioned the rationale for introducing charges on certain UPI merchant transactions above Rs 2,000...
- Can your landlord refuse to return your security deposit without any damage? Know your rights as a tenantWorried about your security deposit? Landlords can't keep it for normal wear and tear or upgrades. Learn what legitimate deductions are, wh...
- Brother-in-law sold 26 bigha land using GPA for Rs 6.95 crore; didn't pay full share to sister-in-law; Delhi HC orders him to pay Rs 2.27 croreSister-in-law purchased 26 bighas of land in Najafgarh in 1985 and gave GPA to brother-in-law who in turn sold this land for Rs 6.95 crore ...
- Gym told members paying Rs 15,000 can train at any branch, denied access when moved to another city; franchise ordered to pay Rs 19,400A gym member who paid Rs 15,500 expecting nationwide access to training was denied entry at a franchise branch in another city after reloca...
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