NPCI says GST on UPI MDR will not burden small merchantsNPCI states GST on UPI Merchant Discount Rate is not a burden. Transactions under two thousand rupees have zero MDR and no GST. Over ninety...
22 Sep, 2026, 01.24 PM IST
NHAI seeks Supreme Court relief from stray cattle shelter duty to curb highway accidentsThe National Highways Authority of India has approached the Supreme Court for relief. NHAI wants to shed its responsibility for building an...
22 Sep, 2026, 12.21 PM IST
ET Graphics: AI giants burn through trillionsMajor tech giants are sitting on $3.1 trillion in off-balance-sheet commitments, according to a WSJ analysis. In fact, this spending may be...
22 Sep, 2026, 06.00 AM IST
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burdenChicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a mo...
21 Sep, 2026, 08.54 PM IST
Petrol pumps to not accept UPI payment: Punjab dealers warn of Rs 2,000 limit if MDR is imposedPetrol pump dealers in Punjab have warned of stopping UPI payments above Rs 2,000 if merchant discount rate or digital transaction charges ...
21 Sep, 2026, 07.35 PM IST
Quote of the Day by Thales of Miletus: ‘Necessity is the strongest of things, for it...' - Greek philosopher’s timeless wisdom on survival, urgency, and the true force behind human progressIn times of crisis, humans often demonstrate remarkable problem-solving abilities, especially when options seem scarce. While comfort can l...
21 Sep, 2026, 03.10 PM IST
Neeraj's shadow, Manu's empty corner chair, hockey's high stakes: The burdens India's athletes carry to the Asian GamesWith Neeraj Chopra out of the Asian Games in Aichi-Nagoya with an ankle injury, javelin throwers Rohit Yadav and Yashvir Singh will compete...
19 Sep, 2026, 11.32 PM IST
UPI's free lunch is over: Why the 0.4% MDR charge is fair, needed and overdueDigital payment charges are necessary for service efficiency and wider reach. Person-to-person and small transactions remain free from new ...
18 Sep, 2026, 11.06 PM IST
Psychology says people who leave the price tag on gifts may be sending a message without saying a wordGift-givers often assumed that a higher price tag would make the recipient more grateful, believing that spending more was a sign of greate...
18 Sep, 2026, 06.53 PM IST
MDR fears groundless, AI accountability lies with boards: RBI Dy Governor SC MurmuTackling industry anxieties head-on at the Bengal Chamber of Commerce & Industry's (BCC&I) Financial Market Conclave in Mumbai, Reserve Ban...
18 Sep, 2026, 05.30 PM IST
UPI MDR kicks in October 15: RBI DG says merchant fee on payments above Rs 2,000 won’t trigger cash surgeIn a recent statement, RBI Deputy Governor Shirish Chandra Murmu clarified that adopting a Merchant Discount Rate won't necessarily encoura...
18 Sep, 2026, 05.25 PM IST
FinMin allays fears of increase in cash transactions post UPI MDR levy: SourcesThe Finance Ministry anticipates no rise in cash transactions following the UPI MDR implementation. Only a small percentage of total UPI vo...
17 Sep, 2026, 06.41 PM IST
UPI MDR may attract 18% GST; eligible merchants can claim input tax creditEffective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 3...
16 Sep, 2026, 08.14 PM IST
A New York program weatherized 40 homes for low-income families; SCCAP reported $38,148 in energy savings and 8,348 gallons of fuel savedOlder housing infrastructure continues to put a strain on low-income families, leading to substantial energy costs. In response, a program ...
16 Sep, 2026, 07.20 PM IST
5 states & Delhi sign Kishau Project on Tons river, a Yamuna tributarySix states signed the Kishau Multipurpose Project agreement on Tuesday. The Union government will cover ninety percent of the project's fin...
16 Sep, 2026, 11.38 AM IST
Bengaluru CA took a Rs 1 crore home loan for 30 years. She shares how Rs 4,000 extra a month could save Rs 42 lakhBengaluru CA Meenal Goel explained how small, consistent home loan prepayments could potentially reduce interest costs significantly. Her p...
15 Sep, 2026, 01.27 PM IST
TVK’s Rs 79,219 crore spending push raises fresh concerns over Tamil Nadu financesThe Tamil Nadu government announced a massive Rs 79,219 crore budget for development projects. This spending faces criticism amid concerns ...
13 Sep, 2026, 10.06 AM IST