Government may postpone 0.4% merchant fee on UPI transactions above Rs 2000

·1 views

The Indian government is considering a delay in implementing a merchant fee on large UPI transactions. Last month, it approved a 0.4% charge for merchants on transactions exceeding Rs 2,000, ending a zero-fee regime. This fee was originally scheduled to take effect on October 15. The potential postponement comes as the date coincides with the annual festive shopping season. UPI is a widely used payment system in India with over 500 million users.

Read the full story at Times of India

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

US Army to replace M7 rifle with lighter M8 carbine in December

The US Army will begin fielding the new M8 carbine in December. The change addresses soldier feedback that the current M7 rifle is too heavy and cumbersome. The M8, produced by Sig Sauer, is approximately one pound lighter and has a shorter barrel. It is designed to improve soldier mobility while using the same 6.8mm ammunition as its predecessor.

0 comments Read more at Times of India

IndiaTimes of India ·

India to release AI regulation consultation paper next month

Union IT Minister Ashwini Vaishnaw announced that a consultation paper on artificial intelligence regulation will be released next month. The paper will address concerns such as AI safety, deepfakes, potential user harm, and workforce skilling needs. It aims to establish a regulatory framework for AI in India. This initiative follows recent amendments to IT rules designed to combat AI-generated harmful content.

0 comments Read more at Times of India

IndiaTimes of India ·

Rahul Gandhi Accuses Government and Election Commission of Conspiracy

Congress leader Rahul Gandhi has alleged a criminal conspiracy against Indian institutions. He accused the government and the Chief Election Commissioner of conspiring to hijack India's democratic process. Gandhi made these remarks during a press conference in New Delhi. The accusations intensify political tensions ahead of upcoming national elections.

0 comments Read more at Times of India

IndiaTimes of India ·

Aging COBOL Engineer Shortage Threatens Legacy Financial Systems

The pool of engineers skilled in the COBOL programming language is aging and shrinking. Fewer new developers are learning the decades-old language, creating a shortage of specialists. This talent gap poses a significant risk to the maintenance of critical legacy financial systems. While some organizations are offering high salaries to retain expertise, transitioning away from COBOL remains a complex and risky undertaking.

0 comments Read more at Times of India