To increase the adoption of credit on United Payments Interface (UPI), National Payments Corporation of India (NPCI) is looking at an interchange fee for transactions lower than that for a credit-card transaction. Sources in the know said these charges could be 1-1.2 per cent. Fintech participants concur with the view that the interchange fee is expected to be lower than that for a credit-card transaction.
'Basically, I have hit energy saving mode, indulge my sweet tooth on cheat days, do grocery shopping, listen to music, it helps me stay calm.'
Investors must adopt a balanced approach, incorporating both styles in their portfolios.
Congress leader Kumari Selja ruled out the possibility of an alliance with the AAP for the Haryana assembly polls.
While the minimum holding period for LTCG taxation has now been lowered, the tax outgo could be a bit higher under the new structure.
WFI decided that it will seek a dialogue with the Sports Ministry for revocation of its suspension, saying it does not want a clash with the government and the legal options will be explored only if talks fail.
Under the new reservation rule, families with income below Rs 6 lakh per annum will be eligible for quota benefit.
The stock of United Spirits, the country's largest liquor company by market capitalisation (mcap), has gained 11 per cent over the past week on double-digit growth guidance, rising premiumisation trend, operationally in-line performance in the March (Q4FY24) quarter and a rally in consumer stocks. The revenue growth of the company came in at 7 per cent year-on-year (Y-o-Y) mirroring the growth of the prestige and above (P&A) segment. This segment comprising premium brands accounts for 88 per cent of the revenues.
The welfare schemes of the government, particularly Lakshmir Bhandar, have had a major impact on the electoral outcome.
'If their allocation to certain segments have become high due to strong returns over the past three-four years, they should rebalance their portfolios and bring them in line with their long-term asset allocation.'
This is the second investment by General Atlantic in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.
rediffGURU Ulhas Joshi answers your personal finance and mutual fund queries.
The Supreme Court has held that a person belonging to the Scheduled Caste, Scheduled Tribe or Backward Class category can contest elections in posts reserved for the general category and there cannot be a restriction on their vying for the post.
Only investors with a higher risk appetite should enter these funds.
The number of Indo-Tibetan Border Police (ITBP) posts along the Line of Actual Control (LAC) has been increased from 180 to 195 as part of plans to better operational capability and border management, a top official said on Friday.
Purchase health insurance at an early age, before you incur a disease, as this makes access to health insurance difficult and raises the premium significantly.
The government is likely to give a legal right to food to both priority and general categories of the population under the proposed National Food Security Act, as suggested by the Sonia Gandhi-led National Advisory Council (NAC).
It has been seven months since the iconic motorcycle manufacturers, Harley-Davidson and Triumph, embarked on their journey in India with the backing of partners Hero MotoCorp and Bajaj Auto. According to data shared by the Indian majors, both brands are already creating ripples in the above 350cc category. The increase in sales has prompted a ramp-up in production and even the doubling of retail touchpoints for one of them.
'Because it is the only public sector company in this sector, currently.'
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
'Investors should not go for lump-sum investments in infrastructure funds at this point.' 'The SIP route is the best to avoid any major disappointment.'
The ruling Congress, voted to office in 2018 after 15 years in opposition, and the Bharatiya Janata Party are the main contenders for power in the state, where the Aam Aadmi Party, the Bahujan Samaj Party and some regional outfits are also in the fray.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
The 69-year-old Banerjee, who suffered a major injury on her forehead and nose during a fall inside her Kalighat residence in South Kolkata on Thursday evening, also 'slept well', he said.
The government has been stringent with pricing changes. Prices of 651 essential medicines came down from April 1, 2023 by 6.73 per cent with the government capping ceiling prices of these drugs.
Modern Masters aims to showcase Rajamouli's enigmatic career and paints a context of what makes him the singular voice that defined his generation of film-makers, for millions, observes Arjun Menon.
Follow these simple steps if you want to create a solid retirement corpus and retire young, says Anamika Pareek.
In its probe report into the June 17 accident in West Bengal's Darjeeling district that left 10 persons dead, including the loco pilot of the goods train, the Commissioner of Railway Safety (CRS) also recommended implementation of the Automatic Train-protection system (KAVACH) on top priority.
'It seems to be a hasty step ahead of the election.'
The force "never faced any problem with regard to participation of candidates due to language problems," the spokesperson said.
A BSP functionary said it was a "planned murder" and claimed there was an "intelligence failure." Therefore, the central agency should probe the case.
Not filing an ITR or paying the tax dues on the deceased's behalf can lead to penal consequences.
Tensions flared between India and Canada in September following Prime Minister Justin Trudeau's allegations of the "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
Shares of Avenue Supermarts, which owns and operates the DMart stores, hit a two-year high of Rs 4,710.15 as they surged nearly 6 per cent on the BSE in Thursday's (April 4) intraday trade after reporting strong revenue growth in the January-March quarter (Q4) of the previous financial year (FY24). DMart, in the Q4FY24 pre-quarter update, said the company reported 20 per cent growth in standalone revenue from operations at Rs 12,393 crore, as against Rs 10,337 crore in the third quarter (Q3) of 2022-23 (FY23), driven by a 7 per cent growth in revenue per store and a robust 13 per cent year-on-year (Y-o-Y) increase in store additions. In Q3 of 2021-22, the company reported revenue of Rs 8,606 crore and in Q3 of 2020-21, it posted revenue of Rs 7,303 crore.
The Supreme Court, examining whether states can sub-classify Scheduled Castes and Scheduled Tribes for grant of quota inside quota, on Wednesday said all SCs and STs may not be homogeneous in terms of their sociological, economic, education and social status.
Trinamool Congress supremo Mamata Banerjee on Wednesday unveiled a 'development-oriented' manifesto for the upcoming assembly polls in West Bengal, promising an income scheme for all families, a student credit card and constitution of a task force to examine the inclusion of several communities under the OBC category.
Many seniors mistakenly believe they need not file returns if tax is deducted at source (TDS) on income received. This is incorrect.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
In the morning, he offered prayers at the Dashashwamedh Ghat and the Kaal Bhairav temple in Varanasi.
Find out whether the fund is equity, debt, or hybrid oriented. 'Understand the portfolio composition and whether it suits your risk appetite and horizon.'
