Parliament has cleared an amendment allowing the Centre to reshape the zero-MDR framework for UPI and other notified digital payments. No new UPI charge has taken effect yet, while the government says customers will not directly bear MDR charges. India has moved closer to potentially introducing Merchant Discount Rate charges on some UPI merchant transactions after Parliament cleared changes to the law governing digital payment charges. The Taxation a

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

India’s Forex Reserves Are Strong, But Capital Flow Risks Remain India’s foreign exchange reserves remain strong, but economists are still watching foreign capital flows closely as global uncertainty, rupee pressure, and oil import risks continue to shape the country’s external outlook.

RBI Bank Mis-Selling Rules 2027: What Customers Must Know From January 1, 2027, bank customers in India will get stronger protection against forced insurance sales, hidden charges, confusing consent screens, and manipulative app pop-ups. The Reserve Bank of India has issued new directions to stop commercial banks from pushing financial products that customers did not ask for or may not need.

RBI Reviews Plastic Currency Notes Plan For India RBI Governor Sanjay Malhotra says polymer currency notes are under review, but no final decision has been taken yet. India’s currency system may see a major material change in the future, as RBI Governor Sanjay Malhotra said the proposal to introduce polymer, or plastic, currency notes is under consideration. He clarified that no final decision has been taken yet and the RBI is still examining the pros

Shubhanshu Shukla Turns Author With The Second Orbit After Historic Space Journey Group Captain Shubhanshu Shukla is bringing his space journey to readers through his memoir The Second Orbit, a story of belief, pressure, and India’s rising space dreams. From Space Mission To Memoir Group Captain Shubhanshu Shukla, one of the most inspiring faces of India’s human spa

Why Sensex And Nifty Closed Lower Today Sensex and Nifty ended lower as IT stocks fell sharply, crude oil moved near $100, and investors watched rupee weakness and RBI policy cues. Sensex Ends Lower After Volatile Session Indian stock markets closed lower on Wednesday after a volatile trading session. The Sensex ended 303 points lower, while the Nifty also finished in

Market Falls Despite IT Stock Rally Indian markets ended June 1 on a weak note as banking and heavyweight stocks pulled Sensex and Nifty lower, while IT shares gave investors one bright spot. Sensex, Nifty End Lower The Sensex dropped 508.40 points to close at 74,267.34, while the Nifty slipped below the key 23,400 level and ended at 23,382.60. The fall showed clear pr

Nandamuri family members, film personalities and fans paid floral tributes to legendary actor and former Chief Minister Sri Nandamuri Taraka Rama Rao Garu on his 103rd birth anniversary in Hyderabad.   NTR Remembered On 103rd Birth Anniversary Legendary actor, former Chief Minister and Telugu icon Late Sri Nandamuri Taraka Rama Rao Garu was remembered with great respect on his 103rd birth anniversary. Floral tributes were paid to his st

UIDAI’s new Aadhaar app brings safer QR sharing, face authentication, and biometric lock controls   mAadhaar App To Be Replaced UIDAI’s old mAadhaar app will soon be discontinued as the government moves users to a new Aadhaar app with improved security and easier digital identity access. The new app is not just a redesigned version of mAadhaar. It focuses on safer Aadhaar sharing, better privacy, and stronger verification for

May 1, 2026 | India: RBI Moves 104 Tonnes of Gold to Domestic Vaults in H2 FY26, Boosts Local Holdings The Reserve Bank of India (RBI) has significantly increased the share of its gold reserves held within the country, transferring around 104 tonnes to domestic vaults during the second half of FY26. The move is part of a broader strategy to

Jeff Bezos’s Blue Origin marked a significant milestone with the successful landing of its reusable booster during the latest launch of the

The Reserve Bank of India (RBI) has recently imposed stricter regulations on offshore gifting, particularly for affluent Indian families sending substantial financial gifts to their children living abroad. These gifts are often used to support various needs, such as education, property purchases, or immigration investments, such as the U.S. EB-5 visa program. While the practice of offshore gifting has grown in popularity, the RBI has increased scrutiny, especially when these transactions invo

Mumbai's financial landscape has seen significant changes as the Reserve Bank of India (RBI) takes action on JPY-linked special deposits. Once a popular tool for attracting NRI funds, these deposits were marketed as premium rupee plans (PRPs), offering high returns by leveraging the forward premium on the Japanese yen. Banks, like IndusInd Bank and Yes Bank, had been using these products to attract NRI deposits by offering high yields based on the yen's forward premium in the foreign exchange