Now, MDR on UPI to be rolled out after Diwali

MUMBAI: Amid pushback from industry, National Payments Corporation of India (NPCI) has deferred the rollout of merchant discount rate (MDR) on select UPI transactions until after Diwali. In a statement on Tuesday, NPCI said that a new date of implementation will be notified separately. The merchant fee was earlier supposed to come into effect from…

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Sensex jumps 1100 after finance minister’s remarks spark LTCG cut hopes | India News

NEW DELHI/MUMBAI: Finance minister Nirmala Sitharaman Tuesday said the govt was open and keen to “hear” discussions around the long-term capital gains (LTCG) tax as it was “healthy” to have the debate.The minister, however, declined to be specific on the matter as preparations for the Union Budget in Feb are already underway.The FM’s comments raised…

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IMF raises India growth forecast to 7%

NEW DELHI: The International Monetary Fund (IMF) has upgraded India’s growth forecast for the current year to 7%, from 6.4%, making it the fastest-growing major economy.The agency joins others – including the World Bank, ADB, S&P and Moody’s – in upgrading its projections after official data estimated first-quarter growth at 7.8%. Most global agencies have…

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Tenant claimed landlords withheld Rs 10 lakh security deposit and refused to vacate shop; Delhi High Court rules against him, orders payout for unauthorised stay

When the 2018 rent agreement expired in 2019, the landlords asked the tenant to vacate. (Image for representative purpose only) Whether as a tenant or as a landlord, a proper paper trail is important to avoid disputes in future, and even if they do arise to prove your claim. In a recent ruling, the court…

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