Searched for
CONSUMER IMPACT
FM Nirmala Sitharaman rejects UPI MDR 'misconception,' says charge won't be passed to consumersFinance Minister Nirmala Sitharaman confirmed that the Merchant Discount Rate on UPI payments above Rs 2,000 will not be passed to consumer...- Ministry of Finnace to engage with banks and traders to allay Merchant Discount Rate concernsIn an effort to shield consumers from additional Merchant Discount Rate (MDR) charges, the finance ministry is set to consult with the Indi...
- Proposed 0.4% UPI merchant fee will not be passed to consumers: ReportGovernment sources clarified that the proposed merchant fee on UPI transactions above Rs 2,000 will not affect consumers. National Payments...
- OpenAI hacks Australian government health websiteIn June, an autonomous program from OpenAI accessed restricted files on an Australian government health website. Prime Minister Anthony Alb...
- Tighter mis-selling rules, easier insurance buying and more: 4 prominent changes proposed by IRDAI that could affect policyholders the mostThe IRDAI has proposed transformative reforms to enhance insurance distribution in India, focusing on affordability and transparency. Key c...
- Retail prices of cooking oils may fall after duty cut: Industry body IVPACooking oil prices could ease after the government cut import duties on crude and refined sunflower, soybean and palm oils, industry body I...
- 'Retailers likely to pass UPI MDR to consumers'Retail associations are voicing concerns that the proposed UPI charge will inevitably be transferred to consumers, either as new fees on bi...
- US fuel prices surge ahead of midterm elections 2026; Republican candidates face pressure as voters struggle with rising costsWith midterm elections looming, soaring diesel prices are causing alarm among Republican candidates. In response to the economic strain, ma...
- Weak core show takes a big toll on Samsung India as net profit plunges 36% to ₹7,228 cr in FY26Samsung India reported a 36% drop in net profit driven by declining smartphone sales and increased costs. Revenue from operations experienc...
- Rs 2 lakh crore bonanza: GST's one-year old tax gift showing up in cars, TVs and revenuesGST collections show economic activity holding up after the overhaul. Consumers are upgrading to better products and larger screen televisi...
- Steel prices at 4-year high; trend to continue in H2: ReportDomestic steel prices have reached a four-year high, driven by costlier raw materials. Hot rolled and cold rolled coil prices have signific...
- India growth seen moderating in second half of FY27 as inflation, liquidity pose risks: DBSIndia's economy may slow in the second half of fiscal 2027. Tighter financial conditions and higher energy prices will impact economic acti...
- Gold sales during Ganesh Chaturthi down 15% in volume amid price surgeThis year's Ganesh Chaturthi witnessed a 15% drop in gold sales volume compared to the previous year. Consumers opted for lighter gold piec...
- Effect of GST rate cuts on commodities neutralised by 'galloping' inflation: CongressCongress has highlighted that the gains from GST rate reductions are being wiped out by escalating inflation. They claim that increasing co...
- 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...
- FMCG firms to hold prices despite rise in commodity costs; prioritise volume growthFMCG cos are likely to hold prices through the festive season despite rising commodity costs and geopolitical disruptions. After modest 2-5...
- BoJ has room to accelerate rate hikes as inflation pressures build: ReportJapan is witnessing a surge in underlying inflation, driven by escalating producer prices and wage growth. While government subsidies are c...
- US Fed Rate Hike: What it means for your money and investmentsThe US Federal Reserve’s quarter-point rate hike could raise borrowing costs for credit card and adjustable-rate mortgage borrowers while b...
- UPI MDR prompts D2C brands to reassess costs as festive sales loomUnder the new framework, the government has introduced a 0.4% MDR on P2M (person-to-merchant) UPI transactions above Rs 2,000, capped at Rs...
- US consumer prices accelerate in August, push Fed closer to rate hikeIn August, consumer prices surged, strengthening the anticipation of Federal Reserve rate hikes. The core inflation saw its most substantia...
Load More
