UPI MDR comes into effect from October 15 The government will introduce a Merchant Discount Rate on select UPI merchant payments from October 15, 2026. Under the new framework, eligible person-to-merchant transactions above Rs 2,000 will attract an MDR of up to 0.40 per cent. PhonePe CEO Sameer Nigam said the framework creates

New Delhi, India | UPI payments up to Rs 2,000 are protected from charges, but crossing that amount does not automatically create a consumer fee. UPI Payments Above Rs 2,000: Will Users Pay Charges? UPI users do not automatically have to pay a transaction fee when sending Rs 2,500, Rs 5,000 or Rs 10,000. The Rs 2,000 figure mentioned in the latest government notificat

Narendra Modi promoted India’s 7.8% quarterly GDP growth in an Instagram video. His “jhooth ki goonj” remark was interpreted as a veiled response to Rahul Gandhi’s youth-focused political campaign. Prime Minister Narendra Modi has used a selfie-style Instagram video to highlight India’s stronger-than-expected economic growth and counter what he described as an “echo of lies” and pessimism being spread across the country. Modi recorded th

The Andhra Pradesh government plans to mobilise investments of up to Rs 9.3 lakh crore for the Visakhapatnam Economic Region through public and private projects. The VER plan will focus on AI data centres, ports, tourism, clean technology, green hydrogen, energy and infrastructure-led regional development. Visakhapatnam Economic Region Eyes Rs 9.3 Lakh Crore Push Amaravati: The Andhra Pradesh government has unveiled an ambitious inves

What RBI’s New Bulk Deposit Rules Mean The RBI’s revised deposit rules, effective October 1, 2026, require banks to publish bulk deposit rates daily, maintain uniform pricing for comparable deposits, and allow different rates based on liquidity risk. RBI Bulk Deposit Rules 2026: What Changes From October 1 The RBI bulk deposit rules 2026 will introduce stricter disclosure requiremen

Visa Restructures Workforce Despite Strong Business Growth Visa is cutting approximately 2,600 jobs, representing about 7% of its global workforce. Technology and product teams will face most of the reductions as the payment company improves efficiency and redirects resources towards AI and other growth opportunities. Visa 2,600 Job Cuts in 2026 Target Tech and Product Teams Visa's 2,60

From Historic Fort Town to Automobile and Cultural Hub Kia’s manufacturing ecosystem has reshaped Penukonda from a historic fort town into a fast-growing industrial and cultural hub. New jobs, supplier units, rental housing, Korean stores, and language training are creating a distinctive ‘Little Korea’ in Andhra Pradesh. Kia Penukonda Local Economy: How ‘Little Korea’ Took Shape

Indo-MIM IPO Allotment and Listing Update Indo-MIM IPO allotment is expected to be finalised on July 28, 2026, after the public issue received 72.34 times subscription. Applicants can verify their share allocation through the NSE, BSE, or MUFG Intime portals using their PAN and application details. Indo-MIM IPO Allotment Status: Check Shares on NSE and BSE The Indo-MIM IPO allotment sta

Gift Deed vs Inheritance: Which Saves More Tax? Gift deed and inheritance can both transfer family property, but their timing, cost, and control differ. This guide explains the 2026 income-tax rules, state-level stamp duty, registration requirements, documentation risks, and capital-gains impact before a family chooses either route. Gift Deed vs Inheritance in India: Which Saves More Tax?

ITR Deadline Missed? Know the Penalties and Tax Consequences Missing the applicable ITR due date for AY 2026-27 does not end your chance to file, but it may trigger a late fee, interest, and restrictions on carrying forward certain losses or choosing the old tax regime. Here is what taxpayers should know.   ITR Late Filing Penalty AY 2026-27: What Taxpayers Could Lose New Delhi, July 27, 2026: The ITR late fil

New vs Old Tax Regime for ₹13 Lakh Salary Explained A salaried person earning ₹13 lakh in FY 2025-26 may pay substantially less tax under the new regime. A corrected comparison for AY 2026-27 shows how the ₹75,000 standard deduction and Section 87A marginal relief change the final liability and regime choice.   ₹13 Lakh Salary Tax in 2026: Which Regime Is More Beneficial? A salaried taxpayer earning ₹13 lakh annually

ITR Filing Challenges 2026: AIS, Property, and Foreign Asset Errors Taxpayers filing income tax returns in 2026 face challenges involving property sale calculations, AIS mismatches, incorrect return forms, foreign asset disclosures and portal glitches. The Income Tax Department has also explained why overseas accounts and investments may now appear in AIS. Why Accurate Reporting Matters More This Filing Season New Del

EPFO Portal Shutdown From June 26 To 28: What EPF Members Should Know Before Filing Claims The Employees’ Provident Fund Organisation will temporarily shut down key online claim services from June 26 to June 28, 2026, as part of a planned system upgrade. EPF members who are planning to submit withdrawal, transfer, or claim requests during this period may need to wait until services resume on June 29.

Key June Financial Updates Consumers Should Know June has brought a fresh set of money-related changes that may affect households, taxpayers, small businesses and digital payment users. From commercial LPG rates to UPI security checks, these updates can impact monthly budgets and financial planning. LPG Price Hike Hits Businesses Commercial LPG cylinder prices have incr

8th Pay Commission Update: Deadline Not Extended, Submissions Open Till May 31   The 8th Pay Commission has begun an important phase of consultations starting April 28, 2026, with discussions continuing until April 30. As of April 29, the second day of meetings is underway, where employee unions and associations are actively presenting their demands related to salaries, allowances, and service conditions. These three-day consultation sessions are consider