In a major decision, the RBI on Friday announced that UPI payment limit to hospitals and educational institutions will be raised to Rs 5 lakh from Rs 1 lakh at present and hiked the cap for e-mandates for recurring payments to Rs 1 lakh. Unveiling the December bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said the limit for various categories of Unified Payments Interface (UPI) transactions has been reviewed from time to time. "It is now proposed to enhance the UPI transaction limit for payment to hospitals and educational institutions from Rs 1 lakh to Rs 5 lakh per transaction," he said.
New India Assurance and Niva Bupa have invested in the Bima Sugam India Federation.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Entry level engineers for these roles can be paid between Rs 4 lakh to Rs 8 lakh annually, which can go beyond Rs 30 lakhs for people with more than eight years of experience.
Steel maker JSW Steel's Q3 results, announced on January 24, 2025, after market hours, failed to meet Street expectations. The company reported a consolidated net profit attributable to the owners of Rs 717 crore in Q3FY25, reflecting a 70.3 per cent decline Y-o-Y, compared to Rs 2,415 crore in Q3FY24.
The Union health ministry has been allocated Rs 99,858.56 crore in the Budget 2025-2026, an around 11 per cent hike over the Rs 89,974.12 crore in the budget (revised estimates) of 2024-2025 with the government announcing setting up daycare cancer centres at all district hospitals over the next three years.
UPI topped Rs 24 trillion in value of transactions and 19 billion in volume for the first time after becoming operational in April 2016.
Finance Minister Nirmala Sitharaman on Saturday announced six new schemes and increased the subsidised Kisan Credit Card (KCC) loan limit to Rs 7 lakh from Rs 5 lakh, targeting everything from unemployment to crop productivity enhancement across the country. Presenting her eighth budget speech in Parliament, Sitharaman positioned agriculture as "the first engine of growth" and unveiled the Prime Minister Dhan-Dhaanya Krishi Yojana, a flagship program targeting 100 agri-districts grappling with low productivity, moderate crop intensity, and below-average credit parameters.
Lord's suffers a loss of 4 million pounds in ticket sales due to India's absence in WTC final.
A Mumbai court sentenced filmmaker Ram Gopal Varma to three months imprisonment in a cheque bounce case and issued a non-bailable arrest warrant against him.
A home insurance policy covers damage from earthquakes, fires, explosions, floods, landslides, cyclones, storms, aircraft damage, and acts of terrorism.
'The only solution is for the government to allow us to charge a low controlled MDR of 25 bps on UPI P2M transactions only for merchants with more than a Rs 40 lakh turnover.'
Escalating trade tensions amid a tariff war after Donald Trump took over as President of the United States (US) could adversely impact global growth and fuel inflation, an article on the "State of the Economy" in the Reserve Bank of India (RBI) monthly bulletin said.
Among Sensex shares, Mahindra & Mahindra, Bharti Airtel, Bajaj Finance, Zomato, Nestle, Bajaj Finserv, Maruti and Titan were the biggest gainers. Sun Pharma, Power Grid, Tata Consultancy Services, Tech Mahindra, Asian Paints and Tata Motors were among the laggards.
Within India, people are selecting destinations via routes such as Lakshadweep, Alappuzha, the Sundarbans, Goa and Kochi for pre-wedding parties.
There's clearly no limit to how dramatic a wedding can be.
The Vidarbha Cricket Association (VCA) has announced a cash reward of Rs 3 crore for its Ranji Trophy winning side, apart from separate cash incentives for the support staff and some of its players. The VCA also felicitated Akshay Wakhare on his retirement. Vidarbha forced a draw against Kerala in the summit clash and clinched the title on the basis of their first innings lead of 37 runs at the VCA Stadium in Jamtha.
Delhi Capitals have never won the IPL despite featuring top talent over the years. Under Axar Patel's leadership, they will hope IPL 2025 finally ends their title drought.
Several FIITJEE centres in Delhi-NCR have abruptly shut down, leaving students and parents who paid lakhs of rupees in fees in a difficult situation. The closures are attributed to non-payment of salaries for months, leading to teachers resigning and joining other coaching institutes. FIRs have been registered against two FIITJEE centres in Noida and Ghaziabad, highlighting allegations of criminal conspiracy and breach of trust. Parents are concerned about their children's academic future and are seeking answers and solutions from FIITJEE.
At least four out of the 13 persons killed in the Jalgaon train accident have been identified as hailing from Nepal, authorities said on Thursday.
Privately, many bankers admit their immediate goal is not growth but slowing the erosion of Casa deposits, reveals Tamal Bandyopadhyay.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Andhra Pradesh Chief Minister Chandrababu Naidu showered gifts on Finance Minister Nirmala Sitharaman when he met her in New Delhi on Wednesday, March 5, 2025.
Ahmedabad-based Torrent Group has completed the acquisition of a majority 67 percent stake in Indian Premier League (IPL) franchise Gujarat Titans.
Fitch Ratings has removed energy infrastructure company Adani Energy Solutions Ltd (AESL) from its 'Ratings Watch Negative' list, the first upgrade by an international ratings agency since the US indictment. Fitch affirmed AESL long-term foreign and local-currency issuer default ratings (IDRs) at 'BBB-'.
A track curvature is being investigated as a possible factor in the fatal train accident in Jalgaon, Maharashtra, where 12 passengers were killed after jumping off a train due to a fire rumour. The Karnataka Express train, which ran over the passengers, had its visibility and braking distance affected by the curvature, according to railway officials. The incident occurred when passengers on the Lucknow-CSMT Pushpak Express jumped onto the tracks after fearing a fire, only to be hit by the oncoming Karnataka Express.
'The increase in the limit for TDS on interest to Rs 1 lakh will ensure greater cash flow in the hands of senior citizens.'
Finance Minister Nirmala Sitharaman on Saturday presented Union Budget 2025-26, envisaging an expenditure of Rs 50,65,345 crore, an increase of 7.4 per cent over the current fiscal.
'Muslims need to work according to strategy and not fall into the trap of Opposition parties.'
Foreign Portfolio Investors (FPIs) selling spree continued as they dumped Indian equity worth over Rs 5,800 crore this month so far on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
The Brihanmumbai Municipal Corporation (BMC) has decided to impose property tax on commercial establishments operating in slum areas and is also considering the levy of a Solid Waste Management (SWM) user charge in the future. The civic body is expecting to collect a total of Rs 5,200 crore in property tax during the next financial year. The BMC intends to levy an SWM charge on Mumbaikars in a phased manner though it would not be levied in FY 2025-26.
While the BJP has assured voters that these benefits will not be discontinued, AAP leaders have questioned the party's long-term commitment.
The Pradhan Mantri Awas Yojana-Grameen has the highest unutilised amount (Rs 13,111 crore) compared to any other centrally sponsored scheme.
According to experts, even if an additional 5 per cent of people opt to buy new vehicles, it may bring a huge boost to the sector.
The Bihar government has formed a state-level task force to monitor actions taken by authorities to prevent and eradicate child marriages in the state. Bihar has the second-highest rate of child marriage in India, with 40.8% of women getting married before turning 18. The government is implementing a multipronged strategy to combat child marriage, including stricter enforcement of the law, empowering girls through education, and raising awareness.
'We deposited money just yesterday, but they did not say anything...'
The Delhi high court granted bail to alleged middleman Christian Michel James in the Rs 3,600-crore AgustaWestland money laundering case on Tuesday. Justice Swarana Kanta Sharma, while granting the reprieve to James, said it was an "exceptional situation" where the accused was in custody for over 6.2 years but the trial had not yet commenced due to incomplete investigation. James, who was extradited from Dubai in December 2018, can now walk out of prison subject to compliance with the conditions.
The share of companies where it would take over 100 years for a median employee to earn the equivalent of their top executive's annual salary rose to 65 per cent in FY24 from 61 per cent in FY19.
'The final arrangement within our family was documented in our amended family agreement dated March 31, 2017. We confirm that both of you have no right of any form in the other brother's business of assets.'
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