News for 'Rs'

BJP vs Congress: How big was their election fund gap in 5 state polls?

BJP vs Congress: How big was their election fund gap in 5 state polls?

Rediff.com9 Sep 2026

The Bharatiya Janata Party received nearly Rs 1,473 crore at its central headquarters alone during the last five state assembly elections, more than seven times the Rs 207 crore in net receipts reported by the Congress across its central and state units, according to expenditure statements filed with the Election Commission.

Equity MF Inflows Hit Four-Month High In August

Equity MF Inflows Hit Four-Month High In August

Rediff.com11 Sep 2026

Smallcap funds topped the net inflow chart for the second consecutive month, as investors poured record Rs 7,973 crore into one of the best-performing MF categories.

The Rationale Behind Government's UPI Fee Decision

The Rationale Behind Government's UPI Fee Decision

Rediff.com16 Sep 2026

The Indian government has challenged Congress leader Rahul Gandhi's criticism of levying fees on UPI payments above Rs 2,000 to merchants. The government highlighted that a parliamentary standing committee, which included Congress MPs, had previously backed a tiered Merchant Discount Rate (MDR) framework for UPI. This move aims to ensure the financial sustainability of the UPI ecosystem and reduce its dependence on government subsidies, a concern raised by the committee due to the significant funding gap between allocations and operational costs.

Bhupinder Hooda Slams UPI Fees, Demands Immediate Withdrawal

Bhupinder Hooda Slams UPI Fees, Demands Immediate Withdrawal

Rediff.com7 days ago

Former Haryana Chief Minister Bhupinder Singh Hooda has criticised the newly introduced fees on UPI payments, stating they will lead to increased inflation for the common man. He dismissed government claims that customers would not be burdened, arguing that merchants would pass on the costs. Hooda demanded the immediate withdrawal of these fees, highlighting that the government's move contradicts its 'Digital India' initiative.

Opposition Slams New UPI Charges, Questions GDP Calculation

Opposition Slams New UPI Charges, Questions GDP Calculation

Rediff.com16 Sep 2026

Opposition MPs have voiced strong criticism against the government's new fee on UPI payments exceeding Rs 2,000 to merchants, calling it "anti-people" and expressing widespread "outrage". The issue was raised in a Parliamentary Standing Committee meeting, where concerns were also flagged regarding the methodology of GDP growth calculation and the government's stance on Virtual Digital Assets.

Asian Games: 'Vidarsa has made Keralam proud'

Asian Games: 'Vidarsa has made Keralam proud'

Rediff.com4 days ago

Vidarsa K Vinod has made history by becoming the first woman from Keralam to win an Asian Games medal in shooting, securing a silver in the women's 10m air rifle team event in Japan.

Dhubri Court Delivers Death Sentence In 'Rarest Of Rare' Child Rape And Murder Case

Dhubri Court Delivers Death Sentence In 'Rarest Of Rare' Child Rape And Murder Case

Rediff.com15 Sep 2026

A POCSO court in Assam's Dhubri district has sentenced Utpal Ray to death for the rape and murder of a four-year-old girl in 2023, terming the crime "rarest of rare". The convict also received life imprisonment for rape and other sentences for related offences.

Shiprocket's Rs 1,617.5-cr IPO subscribed 99.38 times on final day

Shiprocket's Rs 1,617.5-cr IPO subscribed 99.38 times on final day

Rediff.com14 Aug 2026

The initial public offering (IPO) of e-commerce enablement platform Shiprocket Ltd was subscribed an impressive 99.38 times on its final day of bidding, attracting bids for over 9.38 billion shares against 94.43 million on offer.

How UPI Rewired India's Money Story

How UPI Rewired India's Money Story

Rediff.com7 days ago

Digital money is gradually starting to behave like software. It's no longer inert -- sitting passively in accounts. In the not-so-distant future, your money could become 'smart' and 'active,' understanding your preferences, paying your bills automatically, optimising your returns, and managing your risks -- all without you having to manage the details.

Hoshiarpur Court Hands Death Sentence To Migrant Labourer For Heinous Child Murder

Hoshiarpur Court Hands Death Sentence To Migrant Labourer For Heinous Child Murder

Rediff.com6 days ago

A Fast-Track Special Court in Hoshiarpur has sentenced a 33-year-old migrant labourer, Nanke Yadav alias Radhe Sham, to death for the aggravated sexual assault and murder of a five-year-old boy. The court termed it a 'rarest of rare' case, with the death sentence subject to confirmation by the Punjab and Haryana High Court.

India sees Rs 4,896 crore FDI in 29 projects after easing China stake norms

India sees Rs 4,896 crore FDI in 29 projects after easing China stake norms

Rediff.com22 Aug 2026

India has attracted foreign direct investment (FDI) worth approximately 4,896 crore across 29 projects since May, following the government's relaxation of norms under Press Note 2 of 2026. The revised rules permit investment without government approval from entities with up to 10 per cent non-controlling ownership by land-bordering countries.

FPIs Pour Rs 12,921 Crore into Indian Markets in Early August

FPIs Pour Rs 12,921 Crore into Indian Markets in Early August

Rediff.com9 Aug 2026

Foreign Portfolio Investors (FPIs) injected Rs 12,921 crore into Indian equities during the first week of August, extending their buying spree, driven by improving macroeconomic conditions, expectations of US rate cuts, lower crude oil prices, and a stable rupee.

Swadeshi Jagran Manch Calls For Government To Reconsider UPI Transaction Fee

Swadeshi Jagran Manch Calls For Government To Reconsider UPI Transaction Fee

Rediff.com16 Sep 2026

The RSS-affiliated Swadeshi Jagran Manch (SJM) has urged the government to reconsider imposing a merchant discount rate (MDR) on UPI transactions above Rs 2,000, arguing that the costs do not warrant such a move. This comes after the government announced a 0.4 per cent fee on merchant transfers over Rs 2,000 from October 15, while assuring that person-to-person and small payments remain free. SJM co-convener Ashwani Mahajan highlighted that banks have not demanded MDR and that UPI has reduced their transaction costs.

Palghar Court Hands Down 20-Year Sentence For Child Sexual Assault

Palghar Court Hands Down 20-Year Sentence For Child Sexual Assault

Rediff.com20 hours ago

A Palghar court has sentenced Madhu Dharma Govari to 20 years of rigorous imprisonment for sexually assaulting a minor boy. The court rejected the defence's claim of improbability in a crowded locality, emphasizing that "bystander apathy" does not undermine a victim's testimony. Forensic evidence and the victim's credible account corroborated the conviction under POCSO Act and IPC.

Top Cueists To Compete At NSCI Open 8-Ball Pool Tournament

Top Cueists To Compete At NSCI Open 8-Ball Pool Tournament

Rediff.com14 Sep 2026

The Delhi Billiards & Snooker Association, in collaboration with NSCI, is organising the NSCI Open 8-Ball Pool Tournament from September 26 to October 5 in New Delhi. The event will feature top players like Sourav Kothari, Sundeep Gulati, Kamal Chawla, Vidya Pillai, and Chitra Magimairaj, competing for a prize purse of Rs five lakh.

BCCI office-bearers authorised to take call on Ajit Agarkar's future

BCCI office-bearers "authorised" to take call on Ajit Agarkar's future

Rediff.com6 days ago

The BCCI's member units have authorised office-bearers to make a decision regarding the extension of chief selector Ajit Agarkar's contract, which is set to expire early next month, and to fill vacancies in the junior selection committee.

Why Opposition Calls New UPI MDR A Surrender To US Pressure

Why Opposition Calls New UPI MDR A Surrender To US Pressure

Rediff.com16 Sep 2026

Opposition parties, including Congress, TMC, and RJD, have strongly criticised the government's decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000 made to merchants. They allege the move is a result of "American imperialism" and will lead to increased commodity prices, while the government maintains the charge is on merchants and not consumers, with person-to-person transactions remaining free.

CPI(ML) Slams New UPI MDR Framework As 'UPI Tax'

CPI(ML) Slams New UPI MDR Framework As 'UPI Tax'

Rediff.com7 days ago

CPI(ML) Liberation general secretary Dipankar Bhattacharya has strongly criticised the newly introduced Merchant Discount Rate (MDR) on select UPI transactions, labelling it a "UPI tax" and demanding its immediate rollback. He drew parallels with demonetisation, arguing that the new framework would negatively impact small shopkeepers, MSMEs, and ordinary citizens by increasing prices.

Should You Buy Dengue Insurance?

Should You Buy Dengue Insurance?

Rediff.com11 Sep 2026

Buyers should check their scope and triggers and whether they need such policies alongside their regular health insurance.

Natural Calamities Trigger Property Insurance Rate Spike, Discounts Cut

Natural Calamities Trigger Property Insurance Rate Spike, Discounts Cut

Rediff.com3 days ago

Property insurance premium rates are increasing by 25-30 per cent, primarily due to a reduction in discounts, following substantial claims from natural calamities like the Gujarat floods, which caused an estimated 5,000 crore in losses.

HC orders Maha FDA to pay Rs 5 lakh to Pune sweet shop over licence suspension

HC orders Maha FDA to pay Rs 5 lakh to Pune sweet shop over licence suspension

Rediff.com17 Aug 2026

The Bombay High Court has ordered the Maharashtra Food and Drugs Administration (FDA) to pay Rs 5 lakh in compensation to a Pune-based sweets shop. The court criticised the FDA for keeping the shop's license suspended despite a 98 per cent compliance report, calling its policy "strange and perverse."

New UPI MDR Fee Could Push Small Retailers Back To Cash, Warns RAI

New UPI MDR Fee Could Push Small Retailers Back To Cash, Warns RAI

Rediff.com16 Sep 2026

The Retailers Association of India (RAI) has voiced concerns that the government's new 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 could reverse the progress of digital payment adoption among small retailers. This fee, effective October 15, places the burden on merchants operating on thin margins, potentially pushing them back to cash transactions and undermining the government's formalisation agenda, especially ahead of the festive season.

Jewellery worth Rs 50 lakh vanishes from Lucknow woman's SBI locker

Jewellery worth Rs 50 lakh vanishes from Lucknow woman's SBI locker

Rediff.com14 Aug 2026

A widow in Kanpur has alleged that jewellery worth approximately Rs 50 lakh vanished from her State Bank of India (SBI) locker, leading police to register an FIR against the branch manager and unidentified staff members. The complainant, Rashmi Arora, discovered the locker empty after a period of non-operation and a bank merger.

Why Residents Are Upset About Ajay Devgn's Bungalow

Why Residents Are Upset About Ajay Devgn's Bungalow

Rediff.com11 Sep 2026

Ajay Devgn's lease of his Juhu bungalow to a commercial salon has ignited a dispute with his housing society, which is vehemently opposing the move citing the area's residential character and potential disruptions.

Why Is Zepto Cafe Shutting Hundreds of Outlets?

Why Is Zepto Cafe Shutting Hundreds of Outlets?

Rediff.com2 days ago

Zepto is sharply scaling back Zepto Cafe, closing hundreds of outlets and shrinking its menu as it reworks the business.

Congress Accuses Modi Government Of US Appeasement On UPI MDR

Congress Accuses Modi Government Of US Appeasement On UPI MDR

Rediff.com16 Sep 2026

The Congress party has strongly criticised the Modi government's decision to introduce a 0.4% Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000, alleging it is a result of US pressure to benefit American card companies. The party also linked this move to broader US actions against India, including tariffs and H-1B visa issues, coining the term "Narendra's Ongoing Trump Appeasement." The government, however, clarified that consumers will not bear the charge, which applies only to merchants.

Fortis Healthcare moves Supreme Court against Delhi HC forensic audit order

Fortis Healthcare moves Supreme Court against Delhi HC forensic audit order

Rediff.com7 days ago

Hospital chain Fortis Healthcare has filed a special leave petition in the Supreme Court against a Delhi High Court order directing a forensic audit into the alleged erosion of assets by its former promoters, Malvinder and Shivinder Singh, during enforcement proceedings initiated by Japanese drugmaker Daiichi Sankyo.

Political Row Erupts Over UPI Fee Decision

Political Row Erupts Over UPI Fee Decision

Rediff.com7 days ago

The Congress party has strongly refuted government claims that its MPs on the Parliament Standing Committee on Finance supported a fee on high-value UPI payments. Congress leaders, including Gaurav Gogoi and Manish Tewari, stated that the "UPI tax" proposal was not specifically discussed by the committee, accusing the Modi government of diverting attention from public backlash and appeasing US companies. The government, however, cited the committee's report which pressed for a tiered Merchant Discount Rate (MDR) framework.

Arunachal activist booked over foreign funds for anti-dam protests

Arunachal activist booked over foreign funds for anti-dam protests

Rediff.com15 Sep 2026

The CBI has registered a case against Arunachal Pradesh environmental activist and lawyer Bhanu Tatak for allegedly receiving Rs 20.94 lakh in foreign funds without mandatory FCRA registration or prior permission. The agency claims these funds were used to organise and sustain protests against two hydropower projects in the state. A preliminary enquiry indicated Tatak received foreign contributions directly into her personal account and did not file income tax returns declaring these funds.

7 Hidden Credit Card Settings To Avoid Scams

7 Hidden Credit Card Settings To Avoid Scams

Rediff.com23 hours ago

Your credit card may have security controls you rarely use. Here are seven settings that can help prevent unwanted or fraudulent transactions.

'Misleading and unfair': Govt bans advance tipping on ride-hailing apps

'Misleading and unfair': Govt bans advance tipping on ride-hailing apps

Rediff.com16 Sep 2026

India's Consumer Affairs Secretary Nidhi Khare announced that cab aggregators have been ordered to cease advance tipping options, deeming the practice misleading and unfair. This follows the Central Consumer Protection Authority (CCPA) imposing a Rs 10 lakh penalty on Rapido for unfair business practices, including advance tipping and "dark patterns" that pressure users to pay more. Investigations into Uber and Ola are ongoing, with the government emphasizing that tipping should be voluntary and post-ride.

What Infinix Xpad 30 Pro Offers

What Infinix Xpad 30 Pro Offers

Rediff.com16 Sep 2026

Infinix has expanded its tablet portfolio with the global debut of the Xpad 30 Pro. The new model sports an 11-inch panel with 2.5K resolution and comes in three colour variants.

'CEC Gyanesh Kumar will go to jail': Oppn on report of difference in EC over SIR

'CEC Gyanesh Kumar will go to jail': Oppn on report of difference in EC over SIR

Rediff.com1 days ago

A political storm has erupted with the Opposition demanding the removal of Chief Election Commissioner Gyanesh Kumar, following reports that two Election Commissioners raised 'expansive red flags' over the Special Intensive Revision of voters' lists, citing issues like name deletions and decisions made without their knowledge.

Indian REITs show resilience, distribute Rs 3,136 crore to unitholders in Q1FY27

Indian REITs show resilience, distribute Rs 3,136 crore to unitholders in Q1FY27

Rediff.com18 Aug 2026

India's six publicly listed Real Estate Investment Trusts (REITs) collectively distributed approximately 3,136 crore to over 485,000 unitholders during the first quarter (April-June) of the current financial year (FY27), demonstrating the sector's resilience despite global uncertainties.

Viraj Madappa Secures Fourth Professional Title At Chennai Open

Viraj Madappa Secures Fourth Professional Title At Chennai Open

Rediff.com11 Sep 2026

Kolkata's Viraj Madappa overcame a three-shot deficit with a bogey-free 64 in the final round to win the Rs 1 crore Chennai Open golf tournament. This marks his fourth professional title, earning him Rs 15 lakh and significantly improving his standing on the DP World PGTI Order of Merit. Ajeetesh Sandhu finished runner-up, while Amardeep Malik and Rashid Khan also secured top positions.

Shaque: Trust No One Review: Untrustworthy Thriller

Shaque: Trust No One Review: Untrustworthy Thriller

Rediff.com20 hours ago

Shaque: Trust No One has a promising mystery and enough juicy red herrings to keep you guessing, but its convenient writing and dated clichs eventually derail the show.

TVK urges Tamils in London not to gather for Vijay

TVK urges Tamils in London not to gather for Vijay

Rediff.com16 Sep 2026

Tamil Nadu Chief Minister C Joseph Vijay's planned meet-and-greet sessions with the Tamil diaspora in London have been cancelled due to public safety concerns and directives from the Metropolitan Police. The TVK party appealed to supporters to refrain from gathering, as CM Vijay is in the UK to attract investments, having already secured agreements worth Rs 12,300 crore.

Justice Served: Gurugram Court Hands Down 20-Year Sentence In POCSO Case

Justice Served: Gurugram Court Hands Down 20-Year Sentence In POCSO Case

Rediff.com11 Sep 2026

A Gurugram court has sentenced a man, Indrajeet alias Ashu, to 20 years imprisonment for the rape of a 17-year-old girl. The court also imposed significant fines under the POCSO Act and IPC sections. The case, which dates back to April 2023, involved a thorough investigation by Gurugram police, leading to the conviction.

Box Office: Mirzapur: The Movie Is A Blockbuster

Box Office: Mirzapur: The Movie Is A Blockbuster

Rediff.com7 Sep 2026

Mirzapur: The Movie has achieved a superhit opening weekend, demonstrating potential to join the Rs 200 crore club, despite being an experimental film adapted from an OTT series without conventional star power.

Pakistan is staring at lockdown due to fuel shortage

Pakistan is staring at lockdown due to fuel shortage

Rediff.com16 Sep 2026

Pakistan's government is exploring measures, including potential smart lockdowns and austerity, to reduce petroleum consumption. This comes after recent fuel price hikes driven by rising global oil prices and West Asia tensions, which have also raised concerns about oil supply disruptions. The government is also implementing a fuel relief scheme and faces public pressure over the price increases.