New Delhi, Sep 16 (IANS) The calibrated Merchant Discount Rate (MDR) framework for large-value UPI merchant transactions will help strengthen the long-term sustainability of India’s digital payments ecosystem while supporting continued investment in technology and payment infrastructure, industry body ASSOCHAM said on Wednesday.
Bengaluru, Sep 16 (IANS) Finance Minister Nirmala Sitharaman said on Wednesday that decisions on taxation of the digital economy required examining their implications for India, other jurisdictions, and future investment.
New Delhi, Sep 16 (IANS) India’s goods trade deficit narrowed, led mainly by non‑electronic items, but the electronics trade deficit remained high at around $8 billion in August and about $40 billion since April, a report said on Wednesday.
New Delhi, Sep 16 (IANS) The flash flood that tore down the Lhende Khola, the Bhotekoshi and the Trishuli rivers on August 26 has damaged hydropower plants in Nepal, forcing the Himalayan country, which was an exporter of electricity, to become dependent on India to stave off the acute power crisis, according to a new report.
New Delhi, Sep 16 (IANS) Global spending on artificial intelligence (AI) is forecast to reach $2.7 trillion in 2026, a 49.5 per cent increase (year-over-year), according to a Gartner report on Wednesday.
New Delhi, Sep 16 (IANS) China’s once-booming luxury market is facing a sharp contraction as international brands close stores across major cities while wealthy consumers cut down their spending, a new report has said.
Kathmandu, Sep 16 (IANS) Nepal’s Finance Minister Swarnim Wagle is set to visit India from Thursday to Saturday for high-level talks as Kathmandu seeks substantial Indian support for post-disaster reconstruction following the devastating floods of August 26.
New Delhi, Sep 16 (IANS) The eighth Central Pay Commission is set to begin a three-day visit to Chandigarh on Wednesday, as part of its consultations on pay and pension-related matters.
New Delhi, Sep 16 (IANS) India approaches Q3 FY27 from a position of relative macroeconomic resilience, despite a more challenging external environment characterised by geopolitical tensions, volatile commodity prices and uneven monsoon conditions, a report showed on Wednesday.
New Delhi, Sep 16 (IANS) The introduction of a Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions could provide a sustainable revenue model for the digital payments ecosystem and support its expansion to one billion users over the next decade, fintech industry leaders said on Wednesday.
