The National Payments Corporation of India has notified a 0.4% Merchant Discount Rate on person-to-merchant UPI transactions above Rs 2,000, effective from October 15, 2026. The MDR is capped at Rs 300…
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…
The government has notified that no charges can be imposed on UPI transactions of up to Rs 2,000 or on RuPay debit card payments. The finance ministry issued the clarification under Section…
India on Monday notified changes to the Payment and Settlement Act, 2007, barring banks from imposing any direct or indirect charges on Unified Payments Interface (UPI) transactions and RuPay-powered debit card payments…
The mobile phone industry body ICEA has asked Finance Minister Nirmala Sitharaman to cut GST on phones from 18% to 5%, citing a sharp rise in memory chip prices that has pushed…
British Virgin Islands Premier Natalio Wheatley is leading the territory's first official financial services trade mission to India, meeting Finance Minister Nirmala Sitharaman and pitching a dedicated BVI-India investment corridor. The UK…
Union finance minister Nirmala Sitharaman on August 26 invited Canadian investors to deepen engagement with India, highlighting opportunities in banking, insurance, fintech, semiconductors, rare earths and GIFT City. Addressing a business event…
Finance Minister Nirmala Sitharaman has removed customs duty on sodium antimonate, used to make solar glass, reducing it from 7.5% to zero. Specified capital goods for lithium-ion cells used in Battery Energy…
Finance Minister Nirmala Sitharaman has called on Canadian investors to participate in India's growth story, addressing the Indian diaspora business community in Toronto. She described India as the world's fastest-growing major economy,…
Finance Minister Nirmala Sitharaman will visit Canada and the United States from August 25 to September 2 to strengthen bilateral economic and financial partnerships, the Finance Ministry said. In Canada, she will…
