The Reserve Bank of India's (RBI's) recent decision to allow credit cards for payments through the Unified Payments Interface (UPI) is likely to attract a merchant discount rate (MDR), said a top payment industry source. For smaller merchants, a subsidy for MDR could be provided. "With credit card-UPI linkage, UPI will not only be a payment instrument but also a lending platform. "How can banks lend without a commercial model? Also, the government has said MDR will be zero for payment products but not for lending products," the source said, indicating the MDR regime for credit card-linked UPI payments.
Brand India's societal divisions and distortions have remained as much relevant in 'liberal' America and Europe as it still is in the structurally stratified Indian society of the 21st century, observes N Sathiya Moorthy.
Dwaipayan Bose examines the seven important factors that investors about exchange traded funds must know before they start investing/trading in them.
Insisting that Vijay Mallya was not given even "a rupee benefit" under the Modi government, Finance Minister Arun Jaitley on Thursday said that loans were reportedly given to the businessman during the previous United Progressive Alliance rule through intervention of the North Block, a reference to the finance ministry.
For the first nine months of the current financial year, net sales rose by close to 37 per cent to Rs 1,470 crore (Rs 14.7 billion( over the previous corresponding period, while operating profit increased by another 37 per cent to Rs 322 crore (Rs 3.22 billion).
A tap-in by Karim Benzema and a powerful strike by substitute Marco Asensio earned European champions Real Madrid a 2-0 win over 10-man Chelsea.
'Returns can be very variable in equity markets.' 'That is why I tell small investors don't put 100 per cent of your money in equities, even if you are young.'
Visibility wasn't good during the Republic Day flypast and the clouds hung low. 'We had 30 seconds to fame in 46 years and we made good use of it,' says Commander Mrinmoy Ghosh who flew the Indian Navy's IL-38 SD aircraft during Thursday's flypast.
...the BJP's template of operation was different or if the Centre and the state were ruled by dissimilar parties? asks Shyam G Menon.
'They can transition from short to long-duration funds when the yield curve normalises.'
If at all the series can be criticised, it would be for its all-Brahmin characters and keeping out the caste problems, the misogyny and the backwardness and ugliness of rural India, points out Deepa Gahlot.
Taxing the rich will fetch nothing; only votes, argues Debashis Basu.
The payout declined to 22 per cent in 2007-08 from more than 24 per cent in each of the last four years, an analysis of the 657 companies, which announced dividends in the financial year ended March, showed. The sample is from the list of 2,000 companies, which have declared results, though only 657 companies announced dividends as of June 6.
Images from Tuesday's action in the Premier League
Analysts cautious on outlook, expect earnings to remain under pressure over medium term.
'I was a young pilot in the IAF and Tom Cruise (with his genuine Ray-Bans) was now an icon with his sensational performance in Top Gun.' 'The IAF, maybe influenced by the movie, decided to 'issue' pilots Ray-Bans as part of their flying kit,' remembers IAF Veteran Air Commodore Nitin Sathe.
According to a mid-year survey on 'Performance & Reward Trends' by Hewitt Associates, companies across industries are strongly differentiating rewards on the basis of performance but majority of them are not considering any layoffs or severe salary cuts in current fiscal. The survey revealed that 16 per cent of the companies surveyed have a salary freeze and were mainly organizations in the financial services, IT and ITeS sector.
Going through the credit report regularly will make you aware of a number of issues. One is identity theft.
Global oil prices have slumped and India has access to larger amounts of discounted Russian crude oil, yet refiners are not passing on their savings to consumers
Two army personnel and 12 civilians are still unaccounted for in the worst natural disaster to have hit the northeastern state in recent times.
The Biden administration has proposed a massive hike in immigration fees, including the much sought-after H-1B visas for high-skilled foreign workers, which is very popular among Indian tech professionals. Under the proposed rule, published by the US Citizenship and Immigration Services (USCIS) on Wednesday, the application for the H-1B visa increases from $460 to $780, and L-1 from $460 to $1,385. The application fee for O-1 visas has been proposed to increase from $460 to $1,055.
For the banking system a new cycle starts in FY2024. It's fraught with fresh challenges on asset quality and profitability, warns Tamal Bandyopadhyay.
John Bogle figured that cheap mutual funds, which just mirrored indices with little tracking error, would be a useful vehicle for wealth creation, recalls Devangshu Datta.
More incentives will be given to agriculture sector for increasing agriculture production.
Farmers with land sizes less than 0.01 hectare have an average annual income of Rs 54732 and annual consumption of Rs 61296, thereby, a debt of Rs 6564 each year. Compare this with the minimum pay for a government employee, says Devanik Saha.
Larsen & Toubro (L&T) disappointed the Street with its results for the January-March quarter of the 2022-23 financial year (Q4FY23) due to weaker core engineering & construction (E&C) segment performance by the engineering giant.' Although core E&C order inflows for FY23 rose 19 per cent year-on-year (YoY), with orders from railways, metals and water sectors, margins in the infrastructure segment crashed to all-time low. Revenue at Rs 58,300 crore was up 10 per cent YoY but somewhat below expectations.
Group term insurance is far more cost-effective than an individual cover.
NPS is a cost-effective instrument with low fund management and other fees. Unlike in mutual funds, investors get the benefit of tax-free rebalancing here.
The projected pay hike in India is expected to be 11.3 percent, which after adjusted against an inflation of 4 percent, translates into a real salary hike of 7.3 percent.
When Anil Sood first finished his oral board examinations in oncology, he had four job offers in cushy medical practices where he was offered two to three times what he was making as a researcher. But the scion of a business family went into low-paying research.
Another soldier was seriously injured in the incident and was evacuated immediately to the Army Hospital at Rajouri, they said.
With companies facing severe credit crunch, a top body of British employers on Monday asked for freezing of the national minimum wage until the economy recovers from the financial downturn.
Benchmark BSE Sensex and Nifty snapped their two-day losing streak to close nearly half a per cent higher on Tuesday following gains in banking, metal and auto stocks. The 30-share BSE Sensex climbed 257.43 points or 0.44 per cent to settle at 59,031.30. During the day, it hit a high of 59,199.11 and a low of 58,172.48.
IMAGES from Day 5 of the US Open, at the USTA Billie Jean King National Tennis Center, Flushing Meadows, New York, on Friday.
Calling Cyrus Mistry her twin, Nationalist Congress Party leader Supriya Sule on Monday said she has been devastated by the demise of the former chairman of Tata Sons.
A recent research found that those in high-stress jobs with little control over their workflow die younger or are less healthy than those who have more flexibility and discretion in their jobs and are able to set their own goals.
Barcelona's Sergi Roberto and Robert Lewandowski struck just before halftime to give the league leaders a 2-0 home win over lowly Cadiz on Sunday in their pursuit of a 27th Spanish title.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances