The Finance Ministry has advised central government entities not to set excessively high turnover or payroll requirements in consultancy tenders floated on the Government e-Marketplace. The Department of Expenditure said a review…
The central government has appointed Naveen Kumar B, retired Additional Director (Prosecution) of the Enforcement Directorate, as Member (Law) of the Adjudicating Authority under the Prevention of Money Laundering Act. The President…
Finance Minister Nirmala Sitharaman told the Rajya Sabha on August 11 that the government has approved the Reserve Bank of India’s proposal to introduce one billion polymer banknotes each of ₹10 and…
The government has passed a law enabling it to impose charges on UPI, but Finance Minister Nirmala Sitharaman assured Parliament that no transaction fee will be levied on users or small merchants.…
The number of income-tax return filers rose from 6.96 crore in 2021-22 to 8.67 crore in 2025-26, according to data cited by Minister of State for Finance Pankaj Chaudhary in the Lok…
The finance ministry has clarified that consumers will not pay any transaction charges for using UPI. Any future Merchant Discount Rate (MDR), if introduced, would apply only to a limited set of…
A senior official said the government is in an “advanced stage of consultation” to remove the 11 per cent customs duty on raw cotton imports, with the finance, textiles and agriculture ministries…
The government has clarified that UPI transactions will remain free for users, with any future merchant discount rate (MDR) applying only to a limited set of high-value merchant payments above a certain…
The government on Saturday assured that UPI will remain free for users, with all person-to-person transactions and most merchant payments continuing without charges. A nominal Merchant Discount Rate (MDR) of 0.25% to…
The finance ministry has categorically ruled out any UPI charges for consumers, saying person-to-person payments will remain free and small merchants will be protected. The clarification on August 8 came after the…
