government · 10 records
Finance Ministry
Banks may shut for five days as unions announce strike
Bank unions plan a three-day nationwide strike from September 28 to 30, potentially closing bank branches for five consecutive days.
Indian government dissolves 37-year-old Digital Communications Commission
The Indian government has dissolved the 37-year-old Digital Communications Commission, which served as a primary decision-making body for telecom policy.
PCI fact-checks Kerala Congress claim on UPI diesel payment charges
The Payments Council of India clarified that UPI fuel transactions over 2,000 rupees incur a flat 5 rupee fee rather than a 0.4 percent charge as claimed by the Kerala Congress.
Finance Ministry rejects US influence allegations regarding new UPI MDR policy
The Indian Finance Ministry denied that US pressure influenced new UPI Merchant Discount Rate policies, asserting they are designed to support domestic competition and RuPay.
Social media reacts to app splitting UPI payments into small installments
An unverified app proposing to split UPI payments into small installments to avoid merchant fees has sparked debate regarding potential fraud risks.
Parliamentary panel seeks impact data on new income tax regime
A Parliamentary Standing Committee on Finance criticized the Income Tax regime for being punitive and overreaching, seeking data on the new Income Tax Act's impact including revenue collection and litigation.
Finance Ministry approves raising EPFO and EPS salary cap to 25000
The Finance Ministry has approved raising the salary cap for mandatory coverage under EPFO and EPS schemes from 15,000 to 25,000 rupees.
Delhi High Court orders DDA to resume property conversion portal operation
The Delhi High Court directed the Delhi Development Authority to resume its property conversion portal operation after criticizing a prolonged suspension that left over 1,300 pending applications involving Rs 155 crore in fees unresolved.
Finance Ministry proposes reinstating merchant discount rates for UPI transactions
The Indian Finance Ministry has proposed amendments to the Payment and Settlement Systems Act to reinstate merchant discount rates on UPI transactions for sustainable funding.
Nabard survey shows decline in income growth among rural Indian households
A Nabard survey reports that only 27.7% of rural Indian households saw income growth over the past year, the lowest since tracking began, alongside rising reliance on informal credit amid inflation and deficient monsoon rains.