News for 'Personal Finance'

Nanded Farmer Found Hanging In Finance Firm Office; Murder Case Filed

Nanded Farmer Found Hanging In Finance Firm Office; Murder Case Filed

Rediff.com10 hours ago

A farmer who borrowed Rs 10,000 was found dead in a private finance firm's office in Nanded. Police have registered a murder and kidnapping case against the firm's owner and two others. The family alleges the farmer was assaulted and then hanged, with the company demanding Rs 70,000 for the original loan.

Finance Minister Explains UPI MDR Structure And Impact

Finance Minister Explains UPI MDR Structure And Impact

Rediff.com25 Sep 2026

Finance Minister Nirmala Sitharaman clarified that the proposed Merchant Discount Rate (MDR) on select high-value UPI transactions is not a tax or cess, and its collections will not go to the government. She explained that MDR is a charge within the digital payments ecosystem, shared among participants to maintain infrastructure, and will not be passed on to consumers. The NPCI's new framework, effective October 15, applies a 0.4% MDR on person-to-merchant UPI transactions above Rs 2,000, with most transactions remaining free and small merchants exempt.

Three Killed In Violent Clash Over Ramlila Fair Finances In Pilibhit

Three Killed In Violent Clash Over Ramlila Fair Finances In Pilibhit

Rediff.com13 Oct 2026

A dispute over the income and expenditure of a Ramlila fair in Pilibhit, Uttar Pradesh, escalated into violence on Monday evening, resulting in the deaths of three people and one injury. Police have arrested the prime accused, Kaushal Gupta, following the incident in the Amariya area.

Finance Ministry Clarifies UPI MDR Policy, Denies Foreign Pressure

Finance Ministry Clarifies UPI MDR Policy, Denies Foreign Pressure

Rediff.com16 Sep 2026

The Finance Ministry has clarified that the decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 was made independently, refuting claims of foreign influence. The ministry stated the policy aims to build a self-sustaining digital payments ecosystem, with MDR funding infrastructure and supporting small merchants.

Finance Ministry Clarifies UPI MDR Policy Amid US Pressure Allegations

Finance Ministry Clarifies UPI MDR Policy Amid US Pressure Allegations

Rediff.com17 Sep 2026

The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4% Merchant Discount Rate (MDR) on select UPI payments. It clarified that NPCI guidelines prioritise RuPay credit cards on UPI to foster a domestic payment ecosystem and that the MDR introduction aims to create a sustainable revenue model for smaller domestic companies, thereby protecting India's sovereignty in digital payments.

Finance Ministry Rejects US Influence Claims On UPI MDR

Finance Ministry Rejects US Influence Claims On UPI MDR

Rediff.com17 Sep 2026

The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on select UPI payments. The ministry clarified that the NPCI guidelines prioritise RuPay credit cards on UPI to promote domestic alternatives and ensure a self-sustaining revenue model for smaller domestic companies, countering claims of favouring foreign payment providers.

How Bank Of Baroda's New App Revolutionises Digital Payments

How Bank Of Baroda's New App Revolutionises Digital Payments

Rediff.com14 Sep 2026

Bank of Baroda has launched 'bob World 2.0', an AI-powered mobile banking app featuring voice-command capabilities for payments and navigation. The updated app also includes a personal finance management module and a persona-based customer experience, aiming to offer intuitive, secure, and personalised banking services.

BRICS finance chiefs push for greater emerging market representation in IMF, World Bank

BRICS finance chiefs push for greater emerging market representation in IMF, World Bank

Rediff.com11 Sep 2026

BRICS finance ministers and central bank governors have called for increased representation of emerging-market and developing economies in the IMF and World Bank, while also criticising unilateral tariffs and trade measures, as the expanded bloc aims to bolster financial cooperation amidst global fragmentation.

Kolkata lottery firm donates Rs 260 cr to DMK, AIADMK in 2025-26

Kolkata lottery firm donates Rs 260 cr to DMK, AIADMK in 2025-26

Rediff.com17 Oct 2026

A Kolkata-based lottery firm, Tiger Associates, donated Rs 260 crore to Tamil Nadu's DMK and AIADMK in 2025-26, significantly increasing its contributions from the previous financial year. The firm accounted for nearly 74% of the combined contributions reported by the two parties, highlighting a concentration of political funding. The disclosures also revealed contributions from electoral trusts and a link between Tiger Associates' partner and lottery magnate Santiago Martin, whose other firm was a major electoral bond purchaser.

Congress Alleges Modi Govt Preparing For Another UPI U-Turn

Congress Alleges Modi Govt Preparing For Another UPI U-Turn

Rediff.com13 Oct 2026

The Congress party has questioned the Modi government's decision to defer the Merchant Discount Rate (MDR) on UPI transactions, alleging a potential "U-turn on the U-turn." Congress general secretary Jairam Ramesh highlighted previous denials by the finance minister regarding MDR imposition, only for it to be announced later and now deferred. He expressed concerns about future charges on UPI transactions.

DRI Nabs Passenger With Over 9 Kg Meth In Bhopal

DRI Nabs Passenger With Over 9 Kg Meth In Bhopal

Rediff.com3 days ago

Directorate of Revenue Intelligence (DRI) officers seized over 9 kg of methamphetamine in Bhopal and arrested one person. The seizure occurred after intercepting a bus passenger travelling from Delhi to Bengaluru.

Workday CEO Warns AI Will Overtake Low-Cost, Outsourced Jobs

Workday CEO Warns AI Will Overtake Low-Cost, Outsourced Jobs

Rediff.com15 Oct 2026

Workday, a global HR tech major, has unveiled its new AI platform, Sana, designed to automate human resources and finance functions. Chairman and CEO Aneel Bhusri stated that AI is likely to replace low-cost, outsourced jobs due to increased productivity, rather than leading to jobs moving out of first-world countries. The platform uses AI agents for tasks like payroll and compliance, and Workday has acquired C1.ai to manage access rights for these agents. Bhusri emphasised that AI should augment humans, redefining roles rather than replacing them entirely.

Subhash Chandra contests NCLT's power to form five-member bench in personal insolvency case

Subhash Chandra contests NCLT's power to form five-member bench in personal insolvency case

Rediff.com2 Sep 2026

Essel Group Chairman Subhash Chandra has challenged the National Company Law Tribunal's (NCLT) decision to form a five-member bench to hear his personal insolvency case, arguing that the tribunal lacks the power to constitute such a bench. This comes after a split verdict and a subsequent stay on an order allowing him to settle claims.

Lost Your Job? Protect Your Finances

Lost Your Job? Protect Your Finances

Rediff.com26 Aug 2026

List all unavoidable expenses such as rent, groceries, transportation, education and medical bills.

How DRI Uncovered A Major Meth Smuggling Operation

How DRI Uncovered A Major Meth Smuggling Operation

Rediff.com6 days ago

The Directorate of Revenue Intelligence (DRI) has made a significant seizure of 137 kg of crystal methamphetamine, valued at over Rs 100 crore, from a coastal village in Nagapattinam district, Tamil Nadu. This operation, conducted during October 16-17, targeted a drug-trafficking network attempting to smuggle the banned synthetic drug to Sri Lanka via mid-sea transfer. Four individuals have been arrested, and cash and vehicles linked to the operation were also seized.

Subhash Chandra clarifies personal insolvency claims total Rs 3,992 crore, not Rs 22,000 crore

Subhash Chandra clarifies personal insolvency claims total Rs 3,992 crore, not Rs 22,000 crore

Rediff.com27 Aug 2026

Media baron Subhash Chandra has clarified that the total claim against him in personal insolvency proceedings is Rs 3,992 crore, not Rs 22,000 crore as claimed by dissenting creditors, asserting he was only a personal guarantor and not the borrower.

Five best personal finance tools

Five best personal finance tools

Rediff.com28 Aug 2014

Online and mobile based personal finance applications have gained importance over the past few years.

Should My Friend Pay His Girlfriend's Bills?

Should My Friend Pay His Girlfriend's Bills?

Rediff.com12 Oct 2026

There should be an open discussion about finances in a relationship, suggests rediffGURU Ravi Mittal, a dating coach and CEO of online dating website Quack Quack and Rebounce, a matrimony platform.

Jammu EOW Charges Two In Multi-Lakh Investment Scam

Jammu EOW Charges Two In Multi-Lakh Investment Scam

Rediff.com5 Oct 2026

The Economic Offences Wing (EOW) of the Crime Branch Jammu has filed a chargesheet against two individuals, Manoj Kumar and Vikram Singh, in a financial fraud case involving over Rs 1.22 crore collected from investors in Samba district. The accused allegedly induced residents to invest in schemes from unregistered or de-registered NBFCs, promising high returns but failing to deliver.

Australian Public Servant Of Indian Origin Denied Bail For Stalking

Australian Public Servant Of Indian Origin Denied Bail For Stalking

Rediff.com15 Oct 2026

An Australian public servant of Indian origin, Suyash Sinha, has been arrested and denied bail in Canberra for allegedly stalking a woman and threatening to use government databases to obtain information about her and her family. Sinha, who became an Australian citizen last week, is accused of continuing to harass the woman after she rejected his advances, even claiming he could access her family's details through government systems. The case has been adjourned to November 4.

'Murugan Was Told To Quit'

'Murugan Was Told To Quit'

Rediff.com3 days ago

'Murugan did not come back voluntarily. He was asked to leave. He had a lucky run as a minister.'

IPO Guide: What To Check Before Investing

IPO Guide: What To Check Before Investing

Rediff.com4 days ago

'Read the prospectus as a capital allocator deciding whether the business deserves your capital at the offered price.'

Buying A Car This Festive Season? Avoid These Loan Mistakes

Buying A Car This Festive Season? Avoid These Loan Mistakes

Rediff.com3 days ago

Choose a car loan that fits your budget, keeps EMIs manageable and saves you money on interest, not just one with attractive festive offers.

'Act Before Lawrence Bishnoi Becomes A Dawood Ibrahim'

'Act Before Lawrence Bishnoi Becomes A Dawood Ibrahim'

Rediff.com1 days ago

'You want the main man, and you cannot even bring him to Mumbai, where he has allegedly carried out a high-profile shootout.'

Union Minister Kumaraswamy Alleges CM Shivakumar Met Sting Operator

Union Minister Kumaraswamy Alleges CM Shivakumar Met Sting Operator

Rediff.com11 Oct 2026

Union Minister H D Kumaraswamy has alleged that Karnataka Chief Minister D K Shivakumar met a person linked to sting operations and demanded a probe into the targeting of five Cabinet ministers. Kumaraswamy questioned the state government's inaction and sought clarification on the identity of the person and the purpose of the meeting. The Leader of Opposition also called for an FIR and investigation into the matter.

Amit Shah Urges CBI Probe Into Punjab Drug-Related Deaths, Pledges Drug-Free State By 2029

Amit Shah Urges CBI Probe Into Punjab Drug-Related Deaths, Pledges Drug-Free State By 2029

Rediff.com4 days ago

Union Home Minister Amit Shah, during his Punjab visit, urged Chief Minister Bhagwant Mann to transfer drug-related death investigations in Sangrur and Batala to the CBI, following Mann's decision to hand over anti-drug activist Parvinder Singh Jhota's murder case to the central agency. Shah met families affected by drug-related incidents and pledged to make Punjab drug-free by December 31, 2029, calling for collective action against the menace.

UPI MDR on transactions over Rs 2,000 deferred until after Diwali

UPI MDR on transactions over Rs 2,000 deferred until after Diwali

Rediff.com13 Oct 2026

The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant (P2M) UPI payments above Rs 2,000, originally set for October 15, until after Diwali.

NPCI Defers UPI MDR On Transactions Over Rs 2,000

NPCI Defers UPI MDR On Transactions Over Rs 2,000

Rediff.com13 Oct 2026

The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant UPI transactions above Rs 2,000. Originally set for October 15, the new date will be announced after Diwali, providing relief to users and merchants, especially during the festive season. The decision came amidst opposition concerns about the levy burdening consumers.

Rajpal Yadav's cheque case: SC appoints former HC judge as mediator

Rajpal Yadav's cheque case: SC appoints former HC judge as mediator

Rediff.com3 days ago

The Supreme Court has appointed former Delhi High Court judge Justice Najmi Waziri as a mediator to resolve the cheque-dishonour dispute involving actor Rajpal Yadav. The legal battle originated from a 2010 financial agreement for his directorial debut, 'Ata Pata Laapata', where Yadav allegedly issued dishonoured cheques. The actor has deposited Rs 2 crore with the SC registry, and the court has allowed his passport release for professional commitments.

Bajaj Finance's Strong Q1 FY27 Performance Driven by AUM Growth, Digital Initiatives

Bajaj Finance's Strong Q1 FY27 Performance Driven by AUM Growth, Digital Initiatives

Rediff.com9 Aug 2026

Bajaj Finance reported a strong Q1 FY27 performance with 24 per cent year-on-year AUM growth and a 28 per cent rise in consolidated profit after tax, driven by significant increases in consumer financing, gold loans, and commercial vehicle loans, alongside a strategic focus on digital transformation and AI.

'F1 Must Return To India': Mika Hakkinen

'F1 Must Return To India': Mika Hakkinen

Rediff.com6 days ago

Legendary Formula One driver and two-time world champion Mika Hakkinen advocates for the sport's return to India, citing its massive fan base and business opportunities.

Shocking Motive: Minors Kill Teen For Gold Chain, Birthday Party Funds

Shocking Motive: Minors Kill Teen For Gold Chain, Birthday Party Funds

Rediff.com16 Oct 2026

Two minors have been detained in Thane, Maharashtra, for allegedly murdering a 17-year-old boy. The motive behind the crime was to steal the victim's gold chain to fund a birthday party and purchase a motorcycle. The accused reportedly stabbed the victim, bludgeoned him with a stone, and later attempted to destroy evidence by burning the body and discarding the victim's mobile phone on a moving bus.

Kerala Assembly Passes Motion Against UPI MDR

Kerala Assembly Passes Motion Against UPI MDR

Rediff.com15 Oct 2026

The Kerala Legislative Assembly has passed a motion urging the central government to completely withdraw the proposed Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000. Chief Minister V D Satheesan and CPI MLA K Rajan highlighted concerns that the MDR would increase business costs, harm small businesses, and reduce the appeal of digital payments, while the BJP argued it would not affect general public or small merchants.

Kerala Mini Cooper Crash: Family Demands Murder Charge

Kerala Mini Cooper Crash: Family Demands Murder Charge

Rediff.com12 Oct 2026

Police in Kerala have arrested four individuals, including the driver, in connection with a fatal Mini Cooper crash that killed three youngsters. The driver, Suhail, was allegedly under the influence of alcohol and driving at high speed. The victims' family is demanding that murder charges be invoked against the accused, while the Excise Department has registered cases against three bars for serving alcohol to underage individuals.

Long-Running JVG Fraud Case Sees Chargesheet Filed By EOW

Long-Running JVG Fraud Case Sees Chargesheet Filed By EOW

Rediff.com30 Sep 2026

The Economic Offences Wing (EOW) of the Crime Branch has filed a chargesheet against four individuals in a 16-year-old fraud case involving Johar Veer Goga (JVG), an unauthorised non-banking finance company in Jammu. The case stems from an investor's complaint in 2010 regarding an unpaid fixed deposit from 1996-97, revealing that JVG operated without proper regulatory registration.

Sitharaman Defends UPI MDR Decision Amidst Opposition Criticism

Sitharaman Defends UPI MDR Decision Amidst Opposition Criticism

Rediff.com25 Sep 2026

Finance Minister Nirmala Sitharaman has strongly refuted Opposition allegations that the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on specific UPI transactions above Rs 2,000 was influenced by external pressure. She clarified that the decision was a professional one made by the payment ecosystem, not a government imposition or a tax on consumers, with collected funds distributed among banks and UPI entities to ensure a sustainable digital payments framework.

10 commandments of personal finance

10 commandments of personal finance

Rediff.com1 Aug 2011

We all work and earn money. Do we manage our hard earned money effectively and efficiently? Here are the 10 commandments of personal finance that can help you manage your personal finance better.

Meet American Singer Mary Millben, Modi Supporter

Meet American Singer Mary Millben, Modi Supporter

Rediff.com15 Oct 2026

American singer Mary Millben has become a prominent figure in Indian political discourse due to her outspoken support for Prime Minister Narendra Modi, using social media to defend him against critics and appeal to young Indians, despite her musical career being less known in the country.

Government Firm On UPI MDR Charges Above Rs 2,000

Government Firm On UPI MDR Charges Above Rs 2,000

Rediff.com16 Sep 2026

The Indian government has confirmed there will be no rollback of the 0.4 per cent Merchant Discount Rate (MDR) charges on Unified Payments Interface (UPI) transactions exceeding Rs 2,000, effective from October 15. Despite opposition, officials state the decision aims to make the UPI ecosystem self-sustainable and secure, with charges applying only to merchant payments, not person-to-person transactions.

Repo Rate Hike: Impact On Loans, FDs

Repo Rate Hike: Impact On Loans, FDs

Rediff.com8 Oct 2026

'Existing borrowers who have surplus cash should make partial loan prepayments to offset the impact of rising EMIs and reduce the overall interest burden.'