Page 27 - Press Trust Of India

MDR may push small merchants, price-sensitive consumers towards cash: GTRI

The Merchant Discount Rate (MDR) charges on UPI transactions above Rs 2,000 could push small merchants and price-sensitive consumers back towards cash, economic think tank GTRI said on Wednesday.

SC asks RBI to ensure banks, NBFCs seize financed vehicle lawfully

A bench of justices PS Narasimha and Alok Aradhe held that financial institutions cannot use force, stealth or arbitrary methods to recover loans, even when borrowers have defaulted on repayment.

SC asks ED, Delhi Police to give details of cases against Unitech directors

Supreme Court directed the ED and Delhi Police to submit details of cases against directors of ailing Unitech Ltd to ensure speedy trial and said no inconvenience should be caused to the homebuyers.

Delhi govt invites bids to monetise carbon credits from green projects

Carbon credits generated through the eligible projects will be monetised through a transparent market mechanism, with the revenue deposited into the Consolidated Fund of the state or a designated acc

No foreign influence behind MDR on UPI payments above ₹2,000: FinMin

The finance ministry on Wednesday clarified that there was no foreign influence behind the decision to impose 0.4 per cent Merchant Discount Rate on UPI transactions above Rs 2,000

UPI MDR above ₹2,000 may attract 18% GST; merchants can claim ITC

Under the statutory framework, these payment settlement services will now attract an 18 per cent GST on the MDR billed to merchants

Govt orders cab aggregators to stop advance tipping before ride booking

Khare noted that tipping is completely voluntary, and it should be left to the discretion of the consumers after they have taken the ride

Govt raises EPFO wage ceiling to Rs 25,000 per month from Rs 15,000

The Union Cabinet on Wednesday approved a proposal to raise the wage ceiling for mandatory coverage under the Employees' Provident Fund Organisation (EPFO) to Rs 25,000 per month from Rs 15,000.

DGFT go-ahead for 7 firms to import 642 cars from UK under free trade pact

DGFT has approved seven companies to import 642 cars from the UK under the India-UK FTA's tariff rate quota

BIS raises gold hallmarking fee to ₹75 from ₹45 ahead of festive season

BIS has raised the hallmarking fee for gold articles from ₹45 to ₹75, while retaining the silver charge at ₹35

Delhi HC asks govt about policy to regulate addictive social media designs

On being asked by the court whether the Centre was contemplating framing a policy on the issue, additional solicitor general Chetan Sharma said he does not have specific instructions on this

Sitharaman urges ITRAF to make tax research more visible in policy process

Sitharaman also praised the contribution of tax policy expert Parthasarathi Shome, who chairs ITRAF, recalling her interaction with him after she became Minister of State for Finance in 2014

Security tightened across Delhi University ahead of student union polls

The final day of campaigning is scheduled for Wednesday, while polling will be held on Friday and the results will be declared on Saturday

India retains 131st rank in Global Gender Gap Index 2026, Iceland on top

Chad was the lowest-ranked country in the index, with Iran and Pakistan joining it in the bottom three

Govt likely to extend key export incentive programme for five years

The commerce ministry sought ₹23,000 crore ($2.40 billion) from ​the finance ministry under the programme ‌for 2026/27

MPs raise concern over 0.4% UPI fee on payments at Parliament panel meet

Chairman of the Parliamentary Standing Committee on Finance Bhartruhari Mahtab said that some MPs raised the issue at the meeting and said that it may be taken up at the next meeting of the panel

UPI fee: Why government is putting a price on big merchant payments

From October 15, a 0.4 per cent Merchant Discount Rate (MDR) will apply to person-to-merchant UPI payments above ₹2,000

RBI absorbs ₹2.9 trillion via two VRRR auctions amid surplus liquidity

The RBI, since last month, has been conducting various VRRR auctions in order to absorb surplus liquidity from the banking system and align the overnight money market rates to the repo rate

Tax policy debate must go beyond sectoral interests: FM Sitharaman

Sitharaman was speaking at the Eighth International Tax Conference on 'New Age Taxation' here organised by the International Tax Research and Analysis Foundation

SC refuses panel reconstitution to probe police excesses during CJP protest

The CJP-led march to Parliament saw clashes between protesters and security personnel, who used lathis and teargas shells to disperse crowds