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PAYMENTS COUNCIL OF INDIA
Payments Council backs UPI merchant charges, says users, small businesses will remain exemptPCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a...- SBI Chairman Setty rules out asset quality stress in Q1, says seasonality distorts sequential NPAsState Bank of India reported a strong first quarter with net profit rising over ten percent. Gross advances surpassed fifty lakh crore rupe...
- RBI rejects Religare's proposal for demergerReligare Enterprises' demerger plan has been rejected by the Reserve Bank of India. The company received official communication regarding t...
- UPI to remain free for consumers, says Payments Council of IndiaThe Payments Council of India clarified UPI transactions will remain free for consumers. Small merchants, including kirana stores, will als...
- Hormuz uncertainty pushes landed costs up to 50%, raising risk of higher consumer pricesThe escalating unrest near the Strait of Hormuz is causing a notable spike in shipping expenses for businesses in India. An increase in fre...
- Capex push has revived private investment as India advances towards Viksit Bharat: Nirmala SitharamanFinance Minister Nirmala Sitharaman outlined Viksit Bharat's vision for a developed nation. She stated that 2047 is an immediate national h...
- ET Business Growth Summit-Ahmedabad highlights tech and innovation as next growth driversThe ET Business Growth Summit in Ahmedabad recorded strong industry participation, underscoring the resilience of businesses in the region.
- UPI fees explained: Why the government plans to revive MDR and who will payThe central government is considering reintroducing a merchant discount rate on UPI transactions. This levy would apply only to large merch...
- Govt to move amendments to IT Act to pave way for levy of MDRET was the first to report on July 16 that the government could reintroduce MDR on UPI transactions for large merchants. This has been an i...
- NBA releases Rs 8.22 crore to rice research institutions and rice-growing StatesOf the total amount, Rs 2.47 crore has been released to research institutions that conserved and shared the rice varieties with the company...
- Gujarat industry seeks easier access to incentives, lower cost of doing businessIndustry stakeholders say the opportunity for them lies in strengthening the link between its large industrial base and MSMEs while reducin...
- Government sets up India Digital Payment Intelligence Corp to contain cyber fraudsIndia Digital Payment Intelligence Corporation has been established to combat cyber financial frauds. This new entity will share real-time ...
- GST panel may consider allowing transfer of unused tax credit within corporate groupsA key GST panel will consider industry suggestions for transferring unutilised input tax credit. Exempting intra-group corporate guarantees...
- India's jewellers get a US tariff breather, but the real pain isn't overIndia's gem and jewellery exporters welcomed the US decision to retain the additional tariff on Indian shipments at 10%, giving them a tari...
- Indian envoy meets distressed women workers in Oman; assures prompt action for grievancesIndia's Ambassador to Oman met distressed Indian domestic workers at a shelter. He assured them of prompt action to resolve their grievance...
- Income-tax, MSME amendment Bills among key economic legislations listed for Parliament's Monsoon SessionKey economy-related bills are listed for Parliament's Monsoon Session. The Income-tax Amendment Bill aims to boost India's sovereign debt m...
- UPI MDR may return for large merchants: What it means for your digital paymentsIndia's government is considering a small Merchant Discount Rate for large UPI retailers. This potential change aims to create a sustainabl...
- India's gold jewellery demand revives as prices stabilise; festive orders pick up: WGCIndia's gold jewellery demand is showing signs of recovery as stable prices and retailer discounts draw consumers back to stores, the World...
- Exclusive: Govt may bring back UPI merchant fee for big businessesIndia may reintroduce merchant discount rates for large businesses on UPI transactions. This move aims to address the financial sustainabil...
- Govt to replace Ordinance by introducing Income-tax (Amendment) Bill in Monsoon sessionParliament will soon consider a bill to replace an ordinance on tax exemptions. This aims to attract foreign capital and stabilize the rupe...
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