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UPI fee to boost banks' revenue, revive card, ATM biz

New Delhi, Sept. 17 -- The reintroduction of merchant discount rate (MDR) on select unified payments interface (UPI) transactions could bring a sizeable boost to banks' revenues, according to senior o... Read More


Zero-MDR gave banks no return on UPI merchant onboarding costs: Ex-DFS secretary M. Nagaraju

New Delhi, Sept. 17 -- Banks were incurring costs on merchant verification, QR deployment and support without receiving any return from larger merchants under the zero-merchant discount rate (MDR) reg... Read More


Govt eases compliance for exports of up to Rs.3 lakh

New Delhi, Sept. 17 -- The Centre on Wednesday eased compliance for small-value exports by exempting consignments worth up to Rs.3 lakh from obtaining a registration-cum-membership certificate (RCMC) ... Read More


India clears 642 UK car imports under FTA tariff quota as first allocations roll out

New Delhi, Sept. 16 -- India has approved imports of 642 cars from the UK under the tariff-rate quota (TRQ) provisions of the India-UK trade pact, according to a senior government official aware of th... Read More


Govt waives RCMC requirement for exports up to Rs.3 lakh

New Delhi, Sept. 16 -- The Centre on Wednesday eased compliance for small-value exports by exempting consignments worth up to Rs.3 lakh from obtaining a registration-cum-membership certificate (RCMC) ... Read More


New Zealand Parliament passes legislation to implement India FTA

New Delhi, Sept. 16 -- New Zealand's Parliament passed legislation on Wednesday to implement its free trade agreement (FTA) with India by a 93-29 vote, bringing the landmark pact closer to implementat... Read More


Aug goods exports grow at fastest pace in a decade

NEW DELHI, Sept. 16 -- India's merchandise exports grew at their fastest pace in a decade in August, surging 26.12% year-on-year to $43.81 billion, even as imports climbed 14% to $70.67 billion, leavi... Read More


Merchandise exports grow at the fastest pace in a decade in August

New Delhi, Sept. 15 -- India's merchandise exports grew at their fastest pace in a decade in August, surging 26.12% year-on-year to $43.81 billion, even as imports climbed 14% to $70.67 billion, leavi... Read More


Merchandise exports jump 26.1% in August

New Delhi, Sept. 15 -- India's merchandise exports surged 26.12% year-on-year to $43.81 billion, even as imports climbed 14% to $70.67 billion, leaving the merchandise trade deficit at $26.86 billion,... Read More


Brics business council pushes supply-chain resilience, AI cooperation

New Delhi, Sept. 13 -- The Brics Business Council has called for a supply-chain resilience framework and deeper cooperation in artificial intelligence (AI), digital infrastructure and advanced manufac... Read More