Finance ministry urges bank employees to call off 3-day strike
The finance ministry has urged bank employees to call off a three-day nationwide strike planned from September 28 to 30 by the United Forum of Bank Unions. The ministry said the strike…
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Three-day bank strike from Sept 28 may disrupt services
Bank unions under the United Forum of Bank Unions have called a three-day nationwide strike from September 28 to 30, pressing for a five-day banking week and other employee demands. The strike…
Finance Ministry to meet bank chiefs ahead of 3-day strike
The Finance Ministry has called a meeting of chief executives of public sector banks and regional rural banks on Monday to discuss contingency measures ahead of a three-day nationwide bank strike called…
FinMin meets PSB, RRB chiefs on Monday to discuss strike contingency
The Finance Ministry has called a meeting of chief executives of public sector banks and regional rural banks on Monday to discuss measures to ensure continuity of banking operations and essential customer…
SCSS death: nominee, spouse or legal heir gets money
If a Senior Citizen Savings Scheme (SCSS) account holder dies before the five-year maturity, the deposit plus interest up to the date of death goes to the nominee or legal heirs. After…
India pledges support for Nepal flood recovery in Delhi talks
Finance Minister Nirmala Sitharaman met her Nepalese counterpart Swarnim Wagle in New Delhi on September 17 and discussed Nepal's post-flood reconstruction needs. Sitharaman conveyed condolences for lives lost in the recent floods…
India cuts windfall tax on petrol, diesel and ATF exports
The government has cut the windfall tax on exports of petrol, diesel and aviation turbine fuel (ATF) for the fortnight beginning September 16. The special additional excise duty on diesel exports is…
Centre denies foreign influence on UPI charges, rejects rethink
The finance ministry has denied opposition claims that foreign pressure led to the decision to impose a 0.4 per cent Merchant Discount Rate on UPI transactions above Rs 2,000 from October 15.…
UPI MDR set at 0.4% for merchant payments above Rs 2,000
The government on Tuesday announced a 0.4% Merchant Discount Rate (MDR) on person-to-merchant UPI transactions above Rs 2,000, effective October 15. The MDR is capped at Rs 300 for transactions of Rs…
Govt bars UPI charges up to Rs 2,000, opens door for MDR on larger payments
The government has barred banks and payment system providers from charging fees on Unified Payments Interface (UPI) transactions up to Rs 2,000 and RuPay debit card payments, under a notification issued on…
