Transaction Fee
GeM slashes transaction charges levied on sellers, service providers
Public procurement portal GeM has significantly slashed transaction charges levied on sellers and service providers on its portal, a senior government official said on Friday. Government e-marketplace (GeM) Additional CEO Ajit B Chavan said that this "bold" move was part of the government's 100 days initiative. "Aligning with the government's ongoing commitment to foster ease of doing business and build a more inclusive economy, Government e-Marketplace has recently announced a significant reduction in the transaction charges levied on sellers, service providers transacting on its platform," he told reporters here. Accordingly, GeM has announced a New Revenue Policy of the portal with effect from August 9. As per the new policy, all orders valued up to Rs 10 Lakh will now attract zero transaction charges, as opposed to the earlier order value ceiling of Rs 5 lakh. "Orders above Rs 10 Lakh up to Rs 10 crore will be levied transaction charges worth 0.30 per cent of total order value
 "GeM slashes transaction charges levied on sellers, service providers")
NSE reduces transaction charges by 1%; to exit from non-core businesses
This reduction transaction charges for cash equity and equity derivatives will begin on April 1, 2024, and is anticipated to impact the company's charges by Rs 130 crore
 "NSE reduces transaction charges by 1%; to exit from non-core businesses")
Sebi opens doors for MF investment platforms to charge transaction fee
They can charge some money but commission won't be allowed: Chairman Madhavi Puri Buch
 "Sebi opens doors for MF investment platforms to charge transaction fee")
IPPB revises charges for Adhaar enabled payments; here all you need to know
The India Post Payments Bank has increased charges for the Aadhaar Enabled Payment System service. The revised AePS Issuer transaction charges will be effective from December 1, 2022
 "IPPB revises charges for Adhaar enabled payments; here all you need to know")
Refund charges taken since Jan 1 on UPI, RuPay payments: Tax dept to banks
To encourage digital transactions and move towards a less-cash economy, the government inserted a new provision, Section 269SU, in the Finance Act, 2019
 "Refund charges taken since Jan 1 on UPI, RuPay payments: Tax dept to banks")
Traders term cash transaction fee by banks as financial terrorism
In a bid to discourage cash transactions, some banks are levying a fee of up to Rs 150
 "Traders term cash transaction fee by banks as financial terrorism")
