The MDR will have to be borne by merchants. Larger retailers, online platforms and restaurants, among others, may choose to absorb the cost. The National Payments Corporation of India (NPCI) on Tuesday announced a 0.4% merchant discount rate (MDR) on UPI transactions above Rs 2,000, subject to an overall cap of Rs 300. For utility...
Category: News
‘H-1B visas should not exist to replace American workers with low-wage foreigners’: Vance
US Vice President JD Vance has defended the Trump administration’s efforts to reform the H-1B visa programme, saying the system should “not exist to replace American workers with low-wage foreigners.”Speaking on the business and technology show All-In Podcast, Vance said the administration pursued changes through executive and administrative measures because of the lack of political...
Pakistan fuel prices hit record; Shehbaz ministers warn of energy crisis
Shehbaz ministers warn of energy crisis as Pakistan fuel prices surge Pakistan is facing a widening energy crunch as disruptions around key Gulf shipping routes push up global oil prices, fuel costs surge and the government weighs measures to curb petroleum consumption.Pakistan’s Prime Minister Shehbaz Sharif’s government is facing pressure on multiple fronts, with ministers...
A look inside Taylor Swift-Travis Kelce’s $5.35M Ohio mansion with voice-warning
(Image credit: @venusopalite13) Swift also owns properties in Nashville, Rhode Island and Beverly Hills, as well as a Tribeca apartment. Taylor Swift and Travis Kelce have stepped up security at their new Ohio mansion to keep the nosy neighbours away from their new Ohio property. If gotten too close, the person shall receive a voice...
Hookah, birthday parties, luxury cells: Cash-for-comfort racket exposed in Ludhiana Jail
A senior jail official faces suspension for allegedly selling luxury cell assignments. LUDHIANA: The suspension of a senior Central Jail official on the charges of selling luxury-cell assignments underscores a persistent cycle of corruption and systemic misconduct within Punjab’s penal system.Additional jail superintendent Balvir Singh was suspended following allegations that he took cash bribes ranging...
‘You are seeing a 15-year-old boy’: Samson on being dropped for Sooryavanshi
Vaibhav Sooryavanshi and Sanju Samson (Agency Image) Sanju Samson has offered a candid take on the outside noise and his competition with Vaibhav Sooryavanshi’s omission from India’s playing XI against Afghanistan, insisting that competition between players cannot come at the expense of the team’s larger objective.Samson and Abhishek Sharma opened in India’s first two T20Is...
‘To strengthen UPI’s sustainability’: RBI backs 0.4% MDR on payments above Rs 2,000
The RBI said the move would help UPI “continue to scale, innovate and serve consumers.” NEW DELHI: The Reserve Bank of India has backed the introduction of a Merchant Discount Rate (MDR) on large-value UPI transactions, saying the move would help strengthen the long-term sustainability of India’s digital payments ecosystem.The National Payments Corporation of India...
70 Patriots for 20 Iranian missiles: Iran’s evolving tactics strain US interceptor stocks
Jordanian air defenses intercepted Iranian missiles last week. The US is burning through its stockpile of missile interceptors as it defends American forces in the Middle East against repeated Iranian attacks, while Tehran is adapting its missile tactics and designs to make its strikes harder to intercept.The US military fired more than 70 high-end air-defence...
‘Sia is in a lot of pain, has hidden bruises’: Gurgaon biker’s father
Her father said Sia was in considerable pain and that some injuries may become apparent only later. GURGAON: The woman biker injured in the Gurgaon Golf Course Road hit-and-run case will undergo X-rays, MRI scans and other treatment at a Delhi hospital, her father said, as she continued to experience pain from injuries sustained in...
Saree weaver with no engineering degree invented machine replacing 9,000 hand movements
Chintakindi Mallesham invented the Laxmi Asu machine for Pochampally saree weavers It all started when Chintakindi Mallesham’s mother said “I can’t weave anymore. My hands have worn out.” A saree may take pride of place in a wardrobe, but for the woman who helps make it, the beauty of the finished six-yard fabric can come...
