Mdr

Government to bear MDR charges on transactions through BHIM UPI or Aadhaar-enabled payment systems

The merchant discount rate (MDR) will be borne by the government for two years with effect from 1 January 2018 by reimbursing the same to the banks.

In a big push to 'cashless economy', govt waives MDR charges for digital transactions up to Rs 2,000

Ravi Shankar Prasad was briefing the media about the Union Cabinet scrapping MDR for debit card payments and other digital transactions

New multidrug-resistant fungal superbug 'candida auris' is giving Indian doctors sleepless nights

Named Candida auris, the superbug can be fatal for its victims if left untreated. It mostly infects intensive care patients with prolonged hospital stays.

E-payments, digitisation: Why is the govt muddying the waters once again?

Keeping multiple slabs will compel small businesses to open two separate shops showing turnovers of under Rs.20 lakh per annum.

Demonetisation impact: Chidambaram is wrong; India’s GDP will soar even without new jobs

The mere introduction of epayments will boost India’s GDP. However, if enough jobs are not created, there could be both political and social turmoil

Budget 2017: Arun Jaitly withdraws IRCTC service charge; here's why

This sector is in need of a regulator who can decide the charges e-payments can charge, and how.

Things to look out for in the 'Interim report on Digital payments' filed by panel of CMs

A committee of chief ministers and experts have submitted an interim report on the steps the government can take to transform India into a less cash economy.

Banks, oil marketing companies to bear card payment charges at petrol pumps

The government stands by its decision that customers using non-cash digital modes of payments will not have to pay any transaction charge.

Banks vs petrol pumps: Finally, India’s economy planners confront the complexities of digital money

The government’s e-payment drive is likely to face other hurdles as well.

Petrol pumps versus banks: The mess shows it is utopian to force a cashless life

With a sharp surge in card payments, either the government will have to bear the burden or let those consumers who would want to use cards for transactions pay the extra charge