The Reserve Bank of India (RBI) has endorsed the introduction of a Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective October 15. This move, which levies a 0.4 per cent fee on merchant payments above the threshold, aims to bolster the long-term sustainability and growth of India's digital payments ecosystem. The RBI clarified that person-to-person (P2P) transactions and small person-to-merchant (P2M) payments below Rs 2,000 will remain free for users, ensuring no direct charge on customers.
The Indian government has mandated that banks and payment providers cannot levy charges on UPI transactions up to Rs 2,000 or on payments made via RuPay debit cards. This directive follows an amendment to the Payment and Settlement Systems Act, 2007, aiming to sustain and expand the digital payments ecosystem.
Equity mutual fund schemes in India attracted a net inflow of Rs 29,329 crore in August, marking the highest in four months, primarily fuelled by strong investor interest in mid-cap and small-cap funds.
Did love make Bhagat Singh a weaker revolutionary? In a heated argument once, Sukhdev accused him of allowing his fascination with a woman to come in the way of revolutionary duty. Bhagat Singh's answer, in a letter days later, was a defence of love as a revolutionary's strength, not a weakness. On Bhagat Singh's 119th birth anniversary, Utkarsh Mishra looks at the friendship, arguments and ideas that bound him and Sukhdev together.
The Union Cabinet has approved a significant increase in the mandatory EPFO wage ceiling from Rs 15,000 to Rs 25,000 per month, a move expected to bring over 51 lakh additional employees under mandatory social security coverage.
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.
'The issue appears to be less about Chandrasekaran personally and more about the direction Tata Sons should take.'
Industry is pushing for GST reforms that would let companies use unused tax credits from one state to pay GST liabilities in another, potentially freeing up working capital trapped across state registrations.
'If you listen to a rowdy in a class, he will keep on bullying you.' 'India can say do whatever you want. We will not compromise on anything.'
Net SIP inflow is calculated by subtracting redemptions from gross SIP investments.
The BJP has accused the Congress of spreading "fake news" regarding UPI transaction charges, asserting that the government has clarified that consumers will not be levied merchant discount rate (MDR) charges. This comes after the Congress criticised a government notification, alleging it paves the way for imposing fees on UPI transactions. The BJP has strongly refuted these claims, highlighting that most UPI transactions remain free and the government provides incentives to maintain a charge-free ecosystem for users.
rediffGURU Anu Krishna recommends being patient, and consulting with a professional to help rebuild intimacy and strengthen communication in the marriage.
Union Communications Minister Jyotiraditya Scindia announced India's ambition to lead the world in 6G mobile technology and become a designer of global technology standards. Speaking at the Global Fintech Fest 2026, Scindia highlighted India's shift from being a technology market to a technology maker, emphasizing progress in 5G rollout, affordable data, and digital infrastructure driving fintech growth, while also stressing the importance of digital security.
India's gross Goods and Services Tax (GST) collections saw a significant 14.8 per cent year-on-year increase in August, reaching approximately Rs 2 lakh crore, with import revenue contributing substantially to this growth.
A woman's partially decomposed and decapitated body was discovered in her Guwahati home, with her head found in a refrigerator. Her husband, Ramanuj Goswami, has been arrested after confessing to the murder, claiming it was a fit of rage over his wife's alleged extra-marital affair.
India is making a significant push to establish itself as a global semiconductor manufacturing hub, driven by strategic investments and policy support. The upcoming SEMICON India 2026 event will showcase the country's advancements and ambitions in this critical industry, which underpins virtually all modern electronic devices and has faced global supply chain vulnerabilities.
IT services stocks have had tough two years, with prices coming under pressure from 2025 and the sell-off extending through the first half of 2026.
India has scores and scores of varieties of mangoes. Many are very rare. Some are region or state favourites. Find out the most popular choices of each state...
A stake sale by Tata Trusts will help it to have a larger corpus that could be used to balance the unequal dividends that flow from Tata Sons on an ongoing basis.
Dig into the prospectus. Use the prospectus to understand the business and its risks.
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.
A new report reveals that enterprise AI investment in India has surged by 119 per cent, exceeding the global average. However, only 22 per cent of Indian organisations have established adequate governance frameworks, creating a significant gap between rapid deployment and safe, scalable AI adoption. This lack of governance impacts operational depth and raises concerns about transparency, regulation, and data privacy.
A 15-year-old Class 9 student was fatally stabbed in Delhi's Nangloi area by three juveniles following a dispute over his friendship with a girl. The incident occurred on Thursday afternoon, and all three suspects were apprehended by police within hours.
India's white-collar job market experienced a 14 per cent year-on-year growth in August, with the auto, healthcare, and retail sectors leading the surge, according to a report by Naukri.com.
Foreign portfolio investors (FPIs) turned net sellers in the first week of September, withdrawing Rs 7,443 crore from Indian equities, driven by rising crude oil prices, increasing US bond yields, and a strong dollar.
Out-of-form batter Marnus Labuschagne has been dropped from Australia's One-Day International squad for upcoming series against Zimbabwe and South Africa, with Mitchell Marsh, Travis Head, and Josh Hazlewood returning to the side.
Urban Indian millennials are caught in an algorithmically amplified consumption spiral where social media normalises spending patterns that systematically undermine retirement security.
Indian companies, including NBFCs, filed proposals to raise $7.696 billion through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in July 2026, a significant increase from $6.09 billion in June.
The Indian rupee experienced its sharpest single-day decline in eight weeks, settling at 94.83 per dollar, primarily due to escalating crude oil prices and persistent risk-off sentiment driven by heightened geopolitical tensions and limited foreign inflows.
'It's A Cat And Mouse Game.'
The ruling does not mean developers must always pay stamp duty. The liability depends on the applicable law and contractual terms.
It is important to understand that the rupee's appreciation, driven by the 2013 special swap scheme, reduced India's import costs for petroleum, oil, and gold, points out Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.
Pradhama Drishtiya Kuttakkar is a gripping cat-and-mouse game that benefits from smart writing.
The Closing Auction Session (CAS) on expiry day led to unprecedented volatility in the Nifty 50 and Sensex, causing the indices to swing wildly in just 14 minutes and raising concerns among traders about market manipulation and increased speculation.
RBI Governor Sanjay Malhotra stated that the central bank consistently views fintechs as 'valuable partners' in shaping India's future financial system, crediting the sector with expanding financial inclusion, enhancing customer experience, and streamlining credit delivery, particularly for MSMEs.
Augmont Enterprises Ltd, an integrated gold and silver platform, saw its shares list with a premium of nearly 22 per cent against the issue price of Rs 788 on its market debut.
The Income Tax Department announced a record 7.8 crore Income Tax Returns (ITRs) filed for Assessment Year (AY) 2026-27 by August 31, 2026, surpassing the previous year's figures.
Polio survivor Rupa Sahu has turned her disability into a mission to protect others and spent 20 years going door to door to vaccinate children against the dreaded disease.
Six initial public offerings, including Rentomojo Ltd and Karamtara Engineering, were fully subscribed on their final day of bidding, with Rentomojo's IPO subscribed 72.88 times and Karamtara's 62.63 times, reflecting robust investor appetite in the primary market.
The Nifty 50 experienced significant volatility during its closing auction session, leading to losses for both long and short retail options traders due to thin liquidity and rapid price swings, particularly in private-sector banks.
