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UPI MDR may attract 18% GST, merchants to get input credit

India, Sept. 17 -- Merchants would have to pay 18 per cent GST on the Merchant Discount Rate (MDR) charges for UPI payments above Rs 2,000, but can claim input tax credit (ITC), thereby easing the ove... Read More


Dampener for festive season: Retailers on UPI MDR

India, Sept. 17 -- The Retailers Association of India (RAI) on Wednesday said the Government's move to impose a 0.4 per cent Merchant Discount Rate (MDR) could reverse gains in digital payment adoptio... Read More


Rupee slips 3 paise against US dollar

India, Sept. 17 -- The rupee stayed weak for the seventh consecutive session, declining 3 paise to 95.91 against the US dollar on Wednesday, tracking a strong greenback overseas and foreign fund outfl... Read More


Sensex climbs 332.63, Nifty ends 23,217

India, Sept. 17 -- Market benchmark indices Sensex and Nifty rebounded on Wednesday on value buying after falling sharply in the previous session, with bank stocks driving the rally in equities. The ... Read More


ACES India enables 5G for Jio at Noida Airport in 25-year partnership

India, Sept. 17 -- The long-term agreement brings ACES India's neutral-host connectivity infrastructure to Noida International Airport, supporting 4G and 5G services across passenger, operational and ... Read More


RBI absorbs Rs 2.90 lakh crore via two VRRR auctions amid huge surplus liquidity

India, Sept. 17 -- The Reserve Bank of India (RBI) on Wednesday absorbed Rs 2.90 lakh crore through two variable rate reverse repo (VRRR) auctions from the banking system amid a huge surplus. In the ... Read More


Hero Motors IPO fully subscribed on day one

India, Sept. 17 -- The initial public offer of auto parts maker Hero Motors Ltd was fully subscribed on the first day of bidding on Wednesday. The Rs 1,000-crore IPO received bids for 9,75,33,498 shar... Read More


SC rejects 271 Govt appeals on disability pension

India, Sept. 17 -- Slamming the Defence Ministry, the Supreme Court dismissed a batch of around 271 appeals and special leave petitions filed by the Union Government in cases concerning the grant of t... Read More


PIL in SC seeks probe, stringent action against fake drug networks

India, Sept. 17 -- A PIL has been filed in the Supreme Court seeking a comprehensive national framework to curb the manufacture and sale of counterfeit and adulterated medicines, including vaccines an... Read More


Land justice needs a new procedural framework

India, Sept. 17 -- From commercial courts to RERA and insolvency proceedings, Parliament has repeatedly redesigned procedures when conventional litigation proved inadequate. With land disputes consumi... Read More