Why MDR on select UPI payments is being viewed as a sustainable revenue model

IANS | September 24, 2026 8:11 PM

New Delhi, Sep 24 (IANS) The introduction of Merchant Discount Rate (MDR) on select high-value UPI merchant transactions is being viewed by stakeholders as a step towards creating a sustainable revenue model for India's rapidly expanding digital payments ecosystem, while keeping the vast majority of transactions free for users and small merchants.

Trump and Xi face tests beyond trade

Lalit K Jha | September 24, 2026 8:07 PM

Washington, Sep 24 (IANS) A last-minute extension of the US-China trade truce has eased one immediate pressure on the White House meeting between President Donald Trump and Chinese President Xi Jinping. Taiwan, Artificial Intelligence (AI) and Iran remain on the agenda.

JSW Cement faces Rs 229.85 crore GST demand notice over alleged tax classification issue

IANS | September 24, 2026 7:43 PM

Mumbai, Sep 24 (IANS) JSW Cement Limited, the cement arm of the Sajjan Jindal-led JSW Group, on Thursday said that it has received a show-cause notice from the Central GST authorities proposing a tax demand of Rs 229.85 crore over an alleged short payment of Goods and Services Tax (GST) arising from incorrect classification of certain transactions.

New Labour Codes to simplify compliance, enhance social security

IANS | September 24, 2026 5:35 PM

New Delhi, Sep 24 (IANS) The new Labour Codes marks shift from a control‑centred regulatory approach to one based on collaboration between government, industry and workers, senior government officials and experts said on Thursday, adding that codes simplify compliance, facilitate employment linkages and enhance social security.