NITI Aayog VC defends UPI merchant fee, says businesses must be self-sustainable
NITI Aayog Vice Chairman Ashok Kumar Lahiri on Wednesday defended the government’s decision to impose a merchant discount rate (MDR) on UPI transactions, saying businesses…
India considers cutting vegetable oil import taxes as prices climb
New Delhi: India, the world’s biggest vegetable oils importer, is considering lowering import taxes on the commodities to try to curb food inflation, two government…
Petition in Supreme Court says scrap new UPI merchant fees; may burden consumers
A petition was filed in the Supreme Court on Wednesday, challenging the Centre’s newly notified framework allowing Merchant Discount Rate (MDR) on specified high-value commercial…
Why are stock futures rising before US Fed rate decision? S&P 500, Nasdaq, Dow react as 10-year yield hits 5%
US stock futures moved higher on Wednesday as investors waited for the Federal Reserve’s interest-rate decision. The market is expecting the US Fed rate to…
Supreme Court bars lenders from forceful loan recovery
The Supreme Court on Wednesday said banks and finance companies cannot use strong-arm tactics to recover loans or treat a loan default as “a licence”…
Gautam Adani no longer richest Asian. This businessman has overtaken him
India’s Gautam Adani is no longer the richest person in Asia, having been overtaken by Zhang Yiming, co-founder of ByteDance, which owns TikTok, according to…
EPFO wage ceiling hike may cover up to 1 crore more workers: Union Minister Mansukh Mandaviya
Union Labour and Employment Minister Mansukh Mandaviya on Wednesday said raising the EPFO wage ceiling from Rs 15,000 to Rs 25,000 per month could bring…
Reforms improved India’s competitiveness, strengthened resilience: CII’s R Mukundan
MUMBAI: A combination of reforms spanning taxation, infrastructure, manufacturing, insolvency and digital public infrastructure has improved India’s competitiveness, lowered logistics and transaction costs and strengthened…
Finance Ministry rejects foreign influence claims over UPI MDR, says India’s digital payments decisions are made independently
The finance ministry on Wednesday rejected claims that foreign pressure influenced the decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above…
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Travis Kelce among victims of India-born man’s $35 million Ponzi scheme; gets 11 years in US jail After an intense legal battle, Siddharth Jawahar, founder…