Business
Revision of GST rates once a year: Union Finance Ministry's key plan
According to sources in the Union Finance Department, the proposal for revision of GST tax rates should be considered by the Council only once a year and the revised rates will come into effect from April 1, the beginning of the financial year.
Small fee will not affect UPI transactions: RBI Governor Sanjay Malhotra's key comments
Reserve Bank Governor Sanjay Malhotra has clarified that the new Merchant Discount Rate (MDR) to be imposed on business transactions will not have any negative impact on the number of UPI payments. This fee will be applicable on selected transactions above Rs.2,000 from October 15.
RBI steps up to curb inflation: Key decision by raising repo rate to 5.50 percent
The Reserve Bank of India hiked the repo rate by 25 basis points in the wake of global economic challenges and rising inflationary pressures. With this, the current repo rate has reached 5.50 percent, and the burden of interest on loans is likely to increase in the coming days.
New charge policy on UPI transactions.. Changes from October 15
Charges will change in the UPI system for certain types of business transactions. The article explained how an interchange fee of up to 0.4 percent would be applicable on certain transactions worth more than Rs.2,000.
2,000 crore investments for AI data centers
Huge investments are coming to increase the capacity of AI-based data centers in the country. The AI infrastructure arm of GrainCo Group has announced a new investment plan.
Gold and silver prices are continuing at record levels!
The international demand for gold and silver metals has increased due to the war atmosphere in West Asia. The price of 10 grams of 24-carat raw fruit is at a record high of Rs. 1,70,500 continues.
Rs. Supreme refusal to stay MDR on commercial UPI transactions exceeding 2 thousand!
The Supreme Court refused to stay a petition challenging the levy of MDR charges on commercial UPI transactions. Notices have been issued to Centre, RBI and NPCI.
Bhaggumanna pasidi, silver prices.. the rates reached a record level!
Gold and silver prices hit new records in the domestic bullion market as the dollar weakened in international markets and demand picked up. On Friday, the price of 24 carat green bullion rose by Rs. 1,140, while the price of silver jumped by Rs. 4,000 per kg.
'No UPI Day' on October 2 against MDR Badudu on digital payments
Traders across the country are expressing anger over the central government's idea of imposing Merchant Discount Rate (MDR) on UPI transactions. In protest, it was decided to suspend UPI services on Gandhi Jayanti
In the wake of the three-day strike, banks will continue to function on Sunday as well
In the wake of the bank employees' strike from September 28 to 30, banks will operate on Sunday, September 27. According to the article, the Center has said that public sector and rural banks will also provide services on that day.
GST burden on UPI MDR not on small traders: Clarification
GST burden on UPI MDR not on small traders: Clarification In short No MDR for UPI merchant transactions up to ₹2,000; So there is no effect of GST. MDR is not applicable for small traders who receive up to ₹1 lakh per month through UPI.
Don't call and harass after Dawn.. RBI's new guidelines on debt collection
RBI has issued new guidelines to protect borrowers from harassment. It has been clarified that the collection should be contacted between 8 am and 7 pm.
Huge investments for Medicare.. Boost for expansion of health sector
KKR India has come forward to increase investments in Medicare India. The company said that these investments will be used for expansion of hospitals and strengthening of modern medical services.
26 percent growth in exports
: The article states that the country's exports have increased significantly. This growth is seen as a positive sign for the Indian economy amid international trade pressures.
Is Tata Sons listing wrong? Growing Debate on RBI Rules
The discussion has started again in the background of RBI regulations on the possibility of converting Tata Sons into a listed company.
Key Clarification on Merger of Banks.. News of 9 Public Banks Going Viral is False
The central government's PIB Fact Check clarified on the notification going viralon social media that nine public sector banks will be merged into three large banks. At present, no such proposal for merger of public sector banks is under consideration of the government.
UPI transaction failed? Do this
The article describes the precautions to be taken by users when UPI payment fails. If the money is debited and the transaction is not completed then follow the banking process.
New UPI guidelines.. Who charges?
Center has released new guidelines regarding UPI transactions. It said that there are no charges for person-to-person transactions, but some business transactions may be subject to MDR as per the rules.
Fintechs are trustees of customer data.
The article focuses on fintech firms' responsibility for handling customers' financial information. It mentioned the need for security of user data and caution in its use.
Wings for the price of copper
Copper prices are increasing significantly due to the influence of international markets. The article stated that increasing demand, supply conditions and other factors are affecting copper prices.