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National Payments Corporation of India

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Banking, Fintech & Insurance 15 Oct 2026, 08:08 PM IST

Proposed 0.4% UPI Merchant Fee Will Not Be Passed to Consumers, Government Sources Say

Government sources have clarified that the proposed 0.4% merchant fee on UPI transactions above Rs 2,000 will not be charged to consumers, easing concern over a possible cost increase in India’s most widely used digital payments system. The National Payments Corporation of India said only a small portion of UPI transactions may be affected, while the Indian Banks’ Association is expected to address market misunderstandings soon.

By RDU Global Wire5 min read

Banking, Fintech & Insurance15 Oct 2026, 12:20 AM IST

Proposed 0.4% UPI Merchant Fee Will Not Be Passed to Consumers, Sources Say

Government sources have clarified that a proposed 0.4% merchant fee on UPI transactions above Rs 2,000 will not be charged to consumers, easing concerns over a possible rise in digital payment costs. The National Payments Corporation of India said only a small portion of UPI transactions may be affected, while the Indian Banks' Association is expected to address market misunderstandings soon.

5 min readRead →

Banking, Fintech & Insurance14 Oct 2026, 10:16 PM IST

Supreme Court Refuses Interim Stay on 0.4% UPI MDR, Issues Notices on New Levy

The Supreme Court on Tuesday declined to grant an interim stay on the government’s new merchant discount rate framework that imposes a 0.4% charge on certain UPI transactions above Rs 2,000. The court issued notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents after a public interest litigation challenged the legality of the levy.

5 min readRead →

Banking, Fintech & Insurance08 Oct 2026, 11:58 AM IST

Supreme Court Refuses Interim Stay on 0.4% UPI MDR, Issues Notice in Challenge to New Levy

The Supreme Court on Monday declined to grant an interim stay on the government’s new merchant discount rate framework for certain Unified Payments Interface transactions above Rs 2,000, allowing the policy to remain on track for an October 15 rollout. The court issued notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents in a public interest litigation questioning the legality of the charge.

6 min readRead →

Banking, Fintech & Insurance08 Oct 2026, 09:02 AM IST

Proposed 0.4% UPI MDR Could Recover Rs 15,000 Crore in Year One, Says NPCI Chief

A proposed 0.4% merchant discount rate on UPI transactions could generate as much as Rs 15,000 crore in the first year, according to NPCI chief Dilip Asbe, reviving debate over how India should fund the rapidly expanding digital payments ecosystem. The proposal comes as policymakers weigh the economics of UPI at a time when transaction volumes continue to surge and merchants, banks and payment firms remain split over who should bear the cost of scale.

5 min readRead →

Banking, Fintech & Insurance08 Oct 2026, 09:02 AM IST

Proposed 0.4% UPI Merchant Fee Will Not Be Passed to Consumers, Government Sources Say

Government sources have clarified that the proposed 0.4% merchant fee on select UPI transactions above Rs 2,000 will not be charged to consumers, seeking to calm concerns over a possible rise in digital payment costs. While only a small portion of UPI transactions may be affected, the levy is expected to be shared among banks and other stakeholders within the payments ecosystem.

4 min readRead →

Banking, Fintech & Insurance08 Oct 2026, 12:10 AM IST

Supreme Court Refuses Interim Stay on 0.4% UPI MDR, Sends Notices to Centre, RBI and NPCI

The Supreme Court on Monday declined to grant an interim stay on the government’s new merchant discount rate framework that imposes a 0.4% charge on certain Unified Payments Interface transactions above Rs 2,000. The court’s refusal keeps the policy on track for an October 15 rollout, while issuing notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents in a public interest challenge to the levy.

5 min readRead →

Banking, Fintech & Insurance07 Oct 2026, 05:39 PM IST

NPCI Chief Says 0.4% UPI MDR Could Recover Rs 15,000 Crore in Year One

A proposed 0.4% merchant discount rate on UPI transactions could generate as much as Rs 15,000 crore in the first year, according to the NPCI chief, reviving debate over how India should fund its fast-growing digital payments infrastructure. The proposal comes as policymakers weigh the economics of instant payments against the need to keep UPI affordable for merchants and consumers.

6 min readRead →

Banking, Fintech & Insurance07 Oct 2026, 05:37 AM IST

Supreme Court Refuses Interim Stay on 0.4% UPI MDR, Sends Notice to Centre, RBI and NPCI

The Supreme Court has declined to grant an interim stay on the government’s new merchant discount rate framework for select UPI transactions above ₹2,000, allowing the policy to remain on track for an October 15 rollout. The court, however, issued notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents after a public interest litigation challenged the legality of the levy.

5 min readRead →

Banking, Fintech & Insurance07 Oct 2026, 12:30 AM IST

Supreme Court Refuses Interim Stay on 0.4% UPI MDR, Issues Notice to Government and Regulators

The Supreme Court on Monday declined to grant an interim stay on the government’s new merchant discount rate framework for certain Unified Payments Interface transactions above Rs 2,000, allowing the policy to remain on track for an October 15 rollout. The court issued notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents after a public interest litigation challenged the legality of the levy.

6 min readRead →

Banking, Fintech & Insurance06 Oct 2026, 07:44 PM IST

Proposed 0.4% UPI Merchant Fee Will Not Be Passed to Consumers, Government Sources Say

Government sources have clarified that the proposed 0.4% merchant fee on certain UPI transactions above Rs 2,000 is not intended to be passed on to consumers, easing concerns over a possible cost increase for digital payments. The National Payments Corporation of India has said only a small portion of UPI transactions may be affected, while the Indian Banks' Association is preparing to address market misunderstandings about the charge.

5 min readRead →

Banking, Fintech & Insurance06 Oct 2026, 05:58 PM IST

NPCI Weighs 0.4% UPI Merchant Fee to Recover Up to ₹15,000 Crore a Year

The National Payments Corporation of India is considering a 0.4% merchant discount rate on select UPI transactions, a move that could help recover roughly ₹13,000-15,000 crore in annual costs while keeping most consumer payments free. NPCI chief executive Dilip Asbe said the proposal reflects the need to restore investment incentives after six years of zero MDR, with most of the charge expected to fall on large merchants already accepting card payments.

6 min readRead →

Banking, Fintech & Insurance06 Oct 2026, 04:59 PM IST

Proposed 0.4% UPI Merchant Fee Will Not Be Passed to Consumers, Sources Say

Government sources have clarified that a proposed 0.4% merchant fee on UPI transactions above Rs 2,000 will not be charged to consumers, easing concerns over a possible cost increase for digital payments. The National Payments Corporation of India said only a small portion of transactions may be affected, while the Indian Banks' Association is expected to address market misunderstandings soon.

5 min readRead →

Banking, Fintech & Insurance05 Oct 2026, 09:59 PM IST

Supreme Court Refuses Interim Stay on 0.4% UPI MDR, Sends Notice to Centre, RBI and NPCI

The Supreme Court on Tuesday declined to grant an interim stay on the government’s new merchant discount rate policy that imposes a 0.4% charge on certain Unified Payments Interface transactions above ₹2,000. The court issued notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents after a public interest litigation challenged the legality of the levy, which is scheduled to take effect on October 15.

5 min readRead →

Banking, Fintech & Insurance04 Oct 2026, 08:54 PM IST

NPCI Chief Says 0.4% UPI MDR Could Recover Rs 15,000 Crore in First Year

A proposed 0.4% merchant discount rate on UPI transactions could generate as much as Rs 15,000 crore in revenue in the first year, according to the NPCI chief, reviving debate over how India should fund its fast-growing digital payments infrastructure. The proposal, if adopted, would mark a major shift in the economics of UPI, which has largely operated with zero merchant charges and has been central to India’s cashless push.

5 min readRead →

Banking, Fintech & Insurance04 Oct 2026, 02:39 PM IST

Supreme Court declines interim stay on 0.4% MDR for UPI payments above ₹2,000, issues notice to Centre, RBI and NPCI

The Supreme Court has refused to grant an interim stay on the government’s new merchant discount rate policy that introduces a 0.4% charge on certain UPI transactions above ₹2,000, allowing the measure to remain on track for an October 15 rollout. The court, however, has issued notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents after a public interest litigation challenged the legality of the levy.

6 min readRead →

Banking, Fintech & Insurance04 Oct 2026, 10:07 AM IST

Supreme Court Refuses Interim Stay on 0.4% UPI MDR for Payments Above ₹2,000

The Supreme Court has declined to halt, at least for now, the government’s new merchant discount rate policy that imposes a 0.4% charge on certain Unified Payments Interface transactions above ₹2,000. The court issued notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents after a public interest petition challenged the legality of the levy, which is scheduled to take effect on October 15.

5 min readRead →

India Sports & Cricket04 Oct 2026, 04:28 AM IST

KSCA Seeks 50 Acres in Mangaluru for Cricket Centre of Excellence

The Karnataka State Cricket Association has formally approached the Mangaluru Urban Development Authority seeking 50 acres of land to build major cricket infrastructure in the coastal city. In a letter to MUDA chairperson, KSCA Honorary President B. K. Venkatesh Prasad said the association is committed to developing the proposed facility into a Centre of Excellence for the sport.

5 min readRead →

India Entertainment & Culture04 Oct 2026, 04:28 AM IST

India’s Power Consumption Jumps 11.35% in September to 162.19 Billion Units

India’s electricity consumption rose 11.35% year-on-year to 162.19 billion units in September, reflecting a firm rebound in demand even as growth moderated in the second half of the month. Analysts expect industrial and commercial usage to remain supportive through the festival season, helping offset softer momentum in some segments.

5 min readRead →

India Entertainment & Culture04 Oct 2026, 02:00 AM IST

Radhakrishna Malineni Reflects on 26 Years in Telugu Television as 'Seetaramayya Gari Manavaralu' Extends His Legacy

Veteran director Radhakrishna Malineni is marking 26 years in Telugu television with a career that has tracked the medium’s evolution from family-centric storytelling to more layered social narratives. His latest project, 'Seetaramayya Gari Manavaralu' on E TV, underscores the enduring appeal of values, women’s resilience and intergenerational family legacy in Indian entertainment.

5 min readRead →

National Governance & Policy04 Oct 2026, 01:18 AM IST

Amit Shah Hails Agencies After Historic Extradition of Notorious Narco-Trafficker Navpreet Singh from Turkey

Union Home Minister Amit Shah has congratulated India’s security and investigative agencies after the successful extradition of alleged narco-trafficking kingpin Navpreet Singh from Turkey, describing the operation as a major enforcement milestone. The development underscores India’s expanding cross-border law-enforcement reach and the growing use of international cooperation to pursue fugitives linked to organized crime.

5 min readRead →

India Sports & Cricket04 Oct 2026, 01:18 AM IST

Pranavi Says Victory Followed Her Game Plan After Four-Day 15-Under 265 Finish

Mysuru golfer Pranavi delivered a composed final-round par 70 to secure gold with a four-day total of 15-under 265, underlining the value of patience and disciplined execution under pressure. Speaking after the win, she said the result unfolded exactly according to her game plan, a statement that reflects both tactical clarity and growing confidence at the highest level.

4 min readRead →

Banking, Fintech & Insurance04 Oct 2026, 12:37 AM IST

NPCI Says GST on UPI MDR Will Not Burden Small Merchants

The National Payments Corporation of India has said that the Goods and Services Tax applied to UPI merchant discount rate charges will not materially affect small merchants, arguing that the vast majority of transactions attract no MDR and therefore no GST. NPCI said payments below Rs 2,000 carry zero MDR, while merchants with monthly receipts under Rs 1 lakh are exempt from MDR altogether, limiting the tax impact further.

5 min readRead →

Banking, Fintech & Insurance04 Oct 2026, 12:37 AM IST

India’s Financial Resilience Is No Shield Against Future Shocks, RBI Governor Warns

Reserve Bank of India Governor Sanjay Malhotra said the country’s financial system has shown resilience, but cautioned that strength today does not guarantee immunity from tomorrow’s vulnerabilities. Speaking against a backdrop of rising exogenous risks, he flagged the need for continued vigilance as global and cross-border shocks become harder to predict and contain.

5 min readRead →

India Sports & Cricket03 Oct 2026, 11:35 PM IST

Irani Cup: Wearing Another Man’s Jersey, Lone Nasir Stands Out

In a curious and quietly compelling Irani Cup subplot, Lone Nasir made his mark while wearing a jersey that was not his own, turning an administrative oddity into a moment of sporting distinction. The episode underlined both the human texture of domestic cricket and the professionalism required to stay composed when circumstances are far from ideal.

5 min readRead →

Banking, Fintech & Insurance03 Oct 2026, 08:29 PM IST

NPCI Says GST on UPI MDR Will Not Hit Small Merchants as Most Payments Stay Below Taxable Threshold

The National Payments Corporation of India has said that GST on the merchant discount rate linked to UPI transactions will not materially burden small businesses, arguing that the vast majority of merchant payments remain outside the chargeable band. NPCI said transactions below Rs 2,000 attract zero MDR and therefore no GST, while merchants can also offset any GST paid on MDR against their tax liability.

5 min readRead →

India Entertainment & Culture03 Oct 2026, 06:24 PM IST

Meta’s AI Push Could Redefine Online Trust as Indian Brands Recast Khadi for a New Market

A new report on Meta’s latest AI advances suggests the company’s technology could accelerate the production of machine-generated content at a scale that reshapes what users see, share and trust online. The development lands as Indian consumer brands continue to reinterpret khadi for modern buyers, highlighting how technology and heritage-led commerce are both being reimagined for a faster, more fragmented digital economy.

6 min readRead →

Banking, Fintech & Insurance03 Oct 2026, 05:42 PM IST

Supreme Court Refuses Interim Stay on 0.4% UPI MDR, Issues Notice on ₹2,000-Plus Levy

The Supreme Court on Friday declined to grant an interim stay on the government’s new merchant discount rate policy that imposes a 0.4% charge on certain Unified Payments Interface transactions above Rs 2,000. The court issued notices to the Centre, the Reserve Bank of India, the National Payments Corporation of India and other respondents as a public interest challenge questions the legality of the levy ahead of its October 15 rollout.

4 min readRead →

Automotive, EVs & Mobility03 Oct 2026, 03:39 PM IST

Rajiv and Rohit Power to Rally of Himalayas Victory as Dhritimaan Claims Two-Wheeler Crown

Rajiv and Rohit delivered a commanding performance to win the Rally of Himalayas, underlining their pace and consistency across one of India’s most demanding motorsport events. In the two-wheeler category, Dhritimaan emerged victorious, adding another notable result to a competition defined by altitude, endurance, and technical precision.

4 min readRead →

Markets, IPOs & Wealth03 Oct 2026, 02:57 PM IST

Jhunjhunwala-Linked Fund Takes Stake in TFCI as Tourism Lender Signals Business Momentum

A fund associated with the late investor Rakesh Jhunjhunwala has acquired a stake in Tourism Finance Corporation of India, drawing market attention to the specialised lender at a time when travel-linked financing is regaining traction. In an interview with CNBC-TV18, TFCI Managing Director Satpal Arora said business conditions remain constructive and outlined an improving outlook for the company.

5 min readRead →

India Sports & Cricket03 Oct 2026, 08:56 AM IST

Kumkum Mohod Makes History With Asian Games Recurve Gold and Olympic Quota

Kumkum Mohod delivered a landmark performance in recurve archery, becoming the first Indian woman to win an Asian Games medal in the individual event and sealing a coveted Olympic quota place in the process. Her breakthrough marks a significant moment for Indian archery, combining personal triumph with broader national significance.

4 min readRead →

Banking, Fintech & Insurance03 Oct 2026, 07:54 AM IST

Proposed 0.4% UPI MDR Could Generate Rs 15,000 Crore in Year One, Says NPCI Chief

A proposed 0.4% merchant discount rate on UPI transactions could recover as much as Rs 15,000 crore in the first year, according to NPCI chief Dilip Asbe, reviving debate over how India should fund the country’s fastest-growing digital payments rail. The proposal comes as policymakers weigh the long-term economics of UPI, which has scaled rapidly on the back of zero-cost consumer usage but has left banks, payment firms and infrastructure providers searching for a sustainable revenue model.

5 min readRead →

Startups & Venture Capital03 Oct 2026, 05:47 AM IST

Proposed 0.4% UPI MDR Could Recover Rs 15,000 Crore in First Year, Says NPCI Chief

A proposed 0.4% merchant discount rate on UPI transactions could generate as much as Rs 15,000 crore in the first year, according to NPCI chief Dilip Asbe, reviving a long-running debate over how India should fund its fast-growing digital payments infrastructure. The proposal comes as policymakers weigh the trade-off between keeping UPI free for users and ensuring a sustainable revenue model for banks, payment firms and merchants.

5 min readRead →

Enterprise Tech, Cloud & AIJust now (08:35 PM IST)

Manufacturing Startups Face a Capital Crunch as Demand Outpaces Capacity

Manufacturing startups are confronting a widening funding dilemma: investors are increasingly drawn to physical assets and industrial capabilities, yet many young firms still need large amounts of capital before they can scale production. The shift is being sharpened by artificial intelligence, which is making software easier to replicate and pushing capital toward power electronics, storage components and grid equipment. Industry observers say the next phase of startup financing will depend less on software-style growth metrics and more on whether companies can prove durable manufacturing capacity.

5 min readRead →

Banking, Fintech & InsuranceJust now (07:11 PM IST)

Proposed 0.4% UPI MDR Could Recover Rs 15,000 Crore in Year One, Says NPCI Chief

A proposed 0.4% merchant discount rate on UPI transactions could generate as much as Rs 15,000 crore in the first year, according to the NPCI chief, reviving debate over how India should fund the fast-growing digital payments ecosystem. The proposal comes as policymakers weigh the trade-off between keeping UPI free for users and ensuring a viable commercial model for banks, payment firms and merchants.

5 min readRead →

Automotive, EVs & MobilityJust now (06:30 PM IST)

Jammu and Kashmir Notifies Six-Year Electric Vehicle Policy to Accelerate Clean Mobility

The Jammu and Kashmir government has notified its Electric Vehicle Policy 2026, setting out a six-year roadmap to expand clean, affordable and weather-resilient electric mobility across the Union Territory. The policy is aimed at lowering transport emissions, improving energy efficiency and building a more reliable EV ecosystem suited to the region’s terrain and climate.

5 min readRead →

Banking, Fintech & InsuranceJust now (05:25 PM IST)

NPCI Says GST on UPI MDR Will Not Hit Small Merchants as Zero-Fee Threshold Holds

The National Payments Corporation of India has clarified that the Goods and Services Tax applied to the merchant discount rate on UPI transactions will not burden small merchants, pointing to the zero-MDR framework for payments below Rs 2,000 and the exemption for merchants with monthly receipts under Rs 1 lakh. NPCI said more than 96% of merchant UPI transactions fall below the Rs 2,000 threshold, limiting the practical impact of the tax treatment on the vast majority of digital payments.

6 min readRead →

Banking, Fintech & InsuranceJust now (03:42 PM IST)

India’s UPI Fee Shift May Cement PhonePe and Google Pay Dominance

India’s new merchant fee regime for high-value UPI transactions could hand a major revenue windfall to the country’s largest payment apps while widening the gap between incumbents and smaller rivals. Bernstein estimates PhonePe and Google Pay could together earn about $900 million annually by March 2028, reinforcing their scale advantage as the market adjusts to the 0.4% charge on merchant payments above Rs 2,000.

5 min readRead →

Macro Economy & Fiscal PolicyJust now (03:00 PM IST)

GST Collections Rise 14.7% in September to Cross ₹2.03 Lakh Crore

India’s gross Goods and Services Tax (GST) collections climbed 14.7% year-on-year in September to more than ₹2.03 lakh crore, underscoring resilient consumption and stronger tax compliance. The increase was driven by both domestic activity and imports, with import-linked revenues rising sharply even as domestic collections continued to expand at a steady pace.

4 min readRead →

India Sports & CricketJust now (01:58 PM IST)

Asian Games 2026: India’s Medallists, Sport by Sport, Signal a Broadening Elite Pipeline

India’s medal haul at the Aichi-Nagoya Asian Games 2026 offers a detailed snapshot of where the country’s high-performance system is delivering and where it still needs depth. Categorised by sport, the full list of medallists underscores India’s expanding competitiveness across traditional strength events and newer podium avenues alike.

5 min readRead →

Macro Economy & Fiscal PolicyJust now (01:37 PM IST)

ET Alpha Wealth Summit 2.0 to Map the New Playbook for Smart Money in a Fragmented World

The ET Alpha Wealth Summit 2.0 is set to examine how geopolitical conflict, technology rivalry and shifting capital flows are redrawing the global investment map. The event comes as investors increasingly look beyond traditional developed markets toward India, Southeast Asia and the Gulf, while infrastructure and commodities regain strategic importance.

5 min readRead →

Banking, Fintech & InsuranceJust now (08:45 AM IST)

Proposed 0.4% UPI MDR Could Recover Rs 15,000 Crore in First Year, Says NPCI Chief

A proposed merchant discount rate of 0.4% on UPI transactions could generate as much as Rs 15,000 crore in the first year, according to NPCI chief Dilip Asbe, reviving debate over how India should fund the rapidly expanding digital payments ecosystem. The proposal comes as policymakers weigh the long-term economics of UPI, which has scaled dramatically on the back of zero-cost consumer adoption and heavy government support.

5 min readRead →

Markets, IPOs & WealthJust now (04:49 AM IST)

FPIs Pull Record ₹3 Lakh Crore From Indian Equities in Nine Months as Global Headwinds Intensify

Foreign portfolio investors have withdrawn more than ₹3 lakh crore from Indian equities in the first nine months of 2026, marking the largest outflow on record and underscoring a sharp shift in global risk appetite. Rising US bond yields, persistent geopolitical tensions and a stronger pull toward safer assets have combined to weaken India’s relative appeal, raising questions about whether further selling pressure lies ahead.

5 min readRead →

Banking, Fintech & InsuranceJust now (10:56 PM IST)

Bank Unions Defer Three-Day Strike After Talks With IBA, Open Door to Holiday and Incentive Negotiations

Bank unions have deferred their planned three-day nationwide strike after discussions with the Indian Banks' Association, easing the immediate threat of disruption across the banking system. The talks are expected to continue through a newly proposed high-level committee that will examine long-pending employee demands, including a five-day workweek and concerns over the Performance Linked Incentive scheme for senior officers.

5 min readRead →

Banking, Fintech & InsuranceJust now (06:22 PM IST)

NPCI Says GST on UPI MDR Will Not Burden Small Merchants as Most Payments Stay Exempt

The National Payments Corporation of India has said the Goods and Services Tax applied to UPI merchant discount rate charges will not materially burden small merchants, arguing that the vast majority of transactions remain outside the levy. NPCI said payments below Rs 2,000 attract zero MDR and therefore no GST, while merchants can also offset any GST paid on MDR against their tax liability.

5 min readRead →

Banking, Fintech & InsuranceJust now (01:09 PM IST)

NPCI Weighs 0.4% UPI Merchant Fee to Recover Up to ₹15,000 Crore a Year

The National Payments Corporation of India is considering a 0.4% merchant discount rate on UPI transactions, a move that could help recover roughly ₹13,000-15,000 crore in annual costs while leaving most consumer payments free. NPCI chief executive Dilip Asbe said the proposed charge would largely fall on large merchants already accepting credit cards, as the payments network seeks to revive investment after six years of zero MDR.

5 min readRead →

Banking, Fintech & InsuranceJust now (11:45 AM IST)

Proposed 0.4% UPI MDR Could Recover Rs 15,000 Crore in First Year, Says NPCI Chief

A proposed merchant discount rate of 0.4% on UPI transactions could generate as much as Rs 15,000 crore in the first year, according to the National Payments Corporation of India’s chief. The estimate underscores the scale of the subsidy gap in India’s fast-growing digital payments ecosystem and the pressure to find a sustainable funding model without slowing adoption.

6 min readRead →

India Entertainment & CultureJust now (09:40 AM IST)

Dhanush, Vadivelu to Share Screen Space as 'D 56' Goes on Floors

Actor Dhanush’s next major Tamil film, tentatively titled 'D 56', has officially gone on floors, bringing together a cast that includes Vadivelu, Preity Mukhundhan and SJ Suryah. Directed by Tamizharasan Pachamuthu, the project is already drawing attention for pairing one of Tamil cinema’s most bankable stars with a veteran comedian-actor whose presence often signals a strong commercial and performance-driven narrative.

5 min readRead →

Banking, Fintech & InsuranceJust now (06:13 AM IST)

NPCI Says GST on UPI MDR Will Not Burden Small Merchants as Most Transactions Stay Exempt

The National Payments Corporation of India has moved to calm concerns over the tax treatment of UPI merchant fees, saying GST on Merchant Discount Rate will not materially affect small businesses. It said transactions below Rs 2,000 attract zero MDR and therefore no GST, while merchants can also offset GST paid on MDR against their tax liability. NPCI said more than 96% of merchant UPI transactions fall below the Rs 2,000 threshold, and small merchants receiving under Rs 1 lakh a month remain exempt from MDR altogether. The clarification comes as digital payments continue to expand across retail, mobility and other consumer-facing sectors.

5 min readRead →

Banking, Fintech & InsuranceJust now (05:53 AM IST)

Proposed 0.4% UPI Merchant Fee Will Not Be Passed to Consumers, Government Sources Say

Government sources have clarified that the proposed merchant fee on UPI transactions above Rs 2,000 is not intended to be charged to consumers, easing concerns over a possible rise in digital payment costs. The National Payments Corporation of India said only a small portion of UPI transactions may be affected, while the Indian Banks' Association is expected to address market confusion soon.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside National Payments Corporation of India:

New Delhi(70)India(36)Reserve Bank of India(20)Supreme Court of India(18)Dilip Asbe(18)Indian Banks' Association(16)