Category: Economy
UPI charges from October 15: FAQs on who will pay 0.4% MDR and what consumers, small vendors & large merchants need to know
The new UPI framework will continue to keep person-to-person (P2P) transactions free, irrespective of the amount transferred. Payments made to merchants up to Rs 2,000…
UPI transactions above Rs 2,000 to attract 0.4% MDR; check key details
The government will introduce a Merchant Discount Rate (MDR) on select Person-to-Merchant (P2M) UPI transactions from October 15, with merchants paying 0.4% on transactions above…
India’s current account deficit more than doubles to $7 billion in July as trade gap expands
India’s current account deficit widened to $7 billion in July from $3.2 billion a year earlier, as a larger merchandise trade deficit offset an improvement…
More talks likely between India, China to address trade concerns, imbalance, supply chain: Trade Secy
New Delhi: India and China are exploring measures to narrow the trade gap and make cross-border commerce more balanced, and further talks are likely as…
India-China trade reset: New talks begin on trade concerns, supply chains; more meetings expected
India and China have begun discussions to address key bilateral trade concerns, including the structural trade imbalance and supply chain issues, with more meetings expected…
Piyush Goyal to visit US for G20 trade talks as India eyes key FTA milestones
Commerce and Industry Minister Piyush Goyal will travel to the United States late this month to attend the G20 trade ministerial in Milwaukee, where he…
India’s August soyoil, palm oil imports rise on stocking
MUMBAI: India’s soyoil imports surged to a record in August, while palm oil purchases climbed to a six-month high, as refiners stocked up ahead of…
India unemployment rate dips to 5% in August; rural job market drives improvement
India’s unemployment rate for people aged 15 years and above eased marginally to 5% in August from 5.1% in July, government data showed on Tuesday….
A ‘Prisoner’s Dilemma’ is driving the trade war & the costs could be huge
The world is caught in a “Prisoner’s Dilemma” over trade, according to the WTO’s World Trade Report 2026. Governments have a clear incentive to protect…
India’s middle-income trap has a problem money may fix
New Delhi: The Indian economy can escape the ‘middle-income trap’ with substantial investments in education, healthcare, and infrastructure, French economist and inequality specialist Thomas Piketty…