The Reserve Bank of India, led by Governor Sanjay Malhotra, has reduced its inflation forecast for the financial year 2026-27 to 5 percent. This revision comes as global crude oil prices have fallen from earlier highs, reducing pressure on fuel and transportation costs across the economy. The RBI’s forecasting team bases monetary policy decisions on […]
RBI cuts inflation forecast for FY27 to 5 percent Read More »
The government has proposed a legislative amendment that could pave the way for merchant discount rates (MDR) on UPI payments exceeding Rs 2,000 when they are made to businesses. Person to person transfers are expected to remain outside the scope of the proposal. The change comes through the Taxation and Other Laws (Amendment) Bill introduced
Government may allow UPI charges on business payments above Rs 2,000 soon Read More »
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