To promote cashless transactions, the government had waived the Merchant Discount Rate on fuel purchase post demonetisation for consumers. But after the expiry of the 50-day window, the banks have decided to levy MDR on petrol pump owners.
There are also lingering concerns over the culture of misuse of pharmaceutical products in India, which has, in the past, led to other drugs becoming increasingly ineffective.
'Dear Business Partner, Kindly note and inform your all customers that Digital Cashback has been revised from 0.75 per cent to 0.25 per cent with effect from August 1, 2018 across oil industry for all loyalty customers,' said the text message sent by State-owned oil companies to petrol pump operators.
The World Health Organization's Global Tuberculosis Report 2014, published recently shows that 9 million people developed TB in 2013, and 1.5 million died, revealing that there are almost half a million more cases of the disease than previously estimated.
From liquidity, monetary policy operations to financial inclusion, know about RBI monetary policy
Indian mobile gaming market will generate $26 million in revenue in 2004, and will increase to $336 million in annual revenue by 2009, according to a new report.
US-based pharmaceutical major Eli Lilly on Thursday announced a $70 million initiative as part of its effort to combat the spread of Multi-Drug Resistant Tuberculosis in India and other developing countries.
India will be a significant engine of the global wireless subscriber growth as over 2.5 billion people world over would use mobile phones by 2009, according to a report released by market research firm In-Stat/MDR.
Rita Katz, the head of the SITE Intelligence Group, wrote on Twitter that 35 minutes of footage of the attacks were posted online, and that the attacker said in English before the shooting that the "root of all problems are the Jews."
Terming demonetisation as an 'unplanned and unthought process', Vadra wrote, "The government seems to have reached its levels of desperation to overcome the initial blunder it created."
Monthly and seasonal suburban railway tickets purchased through digital mode will get 0.5 per cent discount from January 1
Banks and oil companies are in discussions as to who should bear these charges, it said a day after averting a crisis that would have hit millions of people as oil pump owners threatened to stop taking card payments.
Gift your brother/sister something smart, useful and trendy, says Ashish Narsale/Rediff.com.
Surge in UPI transactions is because of an increased consumer interest in making bill payments and recharging mobile phones online, and purchase of non-essential goods on e-commerce platforms.
Arundhati Bhattacharya talks about SBI's strategies, its aim to be among the top 30 banks globally, and stressed assets resolution.
A large number of people using cards at PoS Cards being used more frequently Small-ticket transactions Mastercard South Asia head Porush Singh calls these the three key trends for a cashless future. And post-demonetization India, he believes, is steadily moving towards it.
Shine Jacob & Karan Choudhury highlight the red flags raised by the Controller General of Accounts.
The government on Monday proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic money.
