UPI Payments Exceeding Rs 2,000 May Draw MDR Under Proposed Legal Change
The govt proposes amending payment laws to allow MDR on UPI transactions above Rs 2,000, though no fee has been approved yet.
Banking And Finance News
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TV Today Network Reportedly Asks 120 Staff to Resign During Restructuring
Reports suggest TV Today Network asked 120 employees to resign amid restructuring, impacting various teams at Aaj Tak and India Today newsrooms.
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Financial Literacy: The Key to Unlocking Credit Access in Northeast India's Microfinance Landscape
Financial literacy, not just bank access, drives credit inclusion. Northeast India's microfinance scene reveals that knowledge, not institutions, is the barrier to loans.
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Reliance's $100M Trump Jr. Refinery Deal Amid U.S. Tariffs
Reliance Industries invested $100M in a Texas refinery startup linked to Donald Trump Jr., coinciding with U.S. tariffs on India.
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Tata Steel Restructures Finance Team: Key Leadership Changes Announced
Tata Steel is making some important changes to its finance and accounts team. These changes are designed to make the company's financial operations run more smoothly and efficiently. The company is focusing on making smart financial decisions for fut...
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Tata Steel Board to Discuss Issuing Unsecured Debentures in India
Tata Steel's board of directors is scheduled to meet on February 14th. During this meeting, they will discuss the possibility of issuing unsecured non-convertible debentures through a private placement. ## What are Debentures? This announcement was...
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Just In: Coal Worker Provident Fund Interest Rates Plunge to 24-Year Low of 7.60%
The Coal Mines Provident Fund (CMPF) interest rates have taken a significant dip, hitting a 24-year low of 7.60%. This change has a direct impact on coal workers who depend on this fund for their financial future, particularly after retirement. The d...
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Jharkhand CM Soren Attends Bengal Business Summit Today for Investment
Jharkhand's Chief Minister, Hemant Soren, is in Kolkata today to attend the Bengal Global Business Summit. He accepted an invitation from West Bengal's Chief Minister, Mamata Banerjee, to participate in the event. The summit is designed to connect bu...
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UPI Payments Expand in UAE, Targeting Indian Tourists in Dubai
NPCI International Payments Limited teamed up with Magnati in the Middle East so Indian tourists can use UPI in the United Arab Emirates. This means people from India can pay using their phones at more places in the UAE. They'll scan QR codes just li...
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UAE Shifts VAT Burden to Gold, Diamond Buyers
The UAE Ministry of Finance made some changes to how taxes work for gold and diamond sellers who are registered. They did this with a new rule in 2024 called Cabinet Decision No. (127). Basically the change means that now when these sellers sell to r...
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Budget 2024: The Finance Minister waived the old tax liability, providing significant relief to one crore taxpayers.
The Finance Minister has announced a grant of up to twenty-five thousand rupees (Rs. 25,000) for the period up to the financial year 2009-10 and ten thousand rupees (Rs. 10,000) for the period from the financial year 2010-11 to 2014-15, which will bring major relief to the people.