Category: Business

Business

Government removes registration requirement for small exporters in bid to reduce compliance burden

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Government removes registration requirement for small exporters in bid to reduce compliance burden

The Government has exempted small exporters from having to officially register, in a bid to reduce compliances and facilitate exports through post, courier and other emerging channels, the Ministry of Commerce and Industry announced on Wednesday (September 16, 2026). “The Government has introduced a de minimis exemption from the requirement of Registration-cum-Membership Certificate (RCMC) or…

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Business

In graphs | Why private banks and foreign UPI apps stand to gain from the MDR charge

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In graphs | Why private banks and foreign UPI apps stand to gain from the MDR charge

Transactions of ₹2,000 or more in essential and thin-margin sectors, such as railways, telecommunications, insurance, fuel, and agricultural inputs, will attract a flat MDR of ₹5 per transaction. File image for representation only. | Photo Credit: Allen Egenuse J The new Merchant Discount Rate (MDR) on UPI will affect a tiny proportion of UPI users,…

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Business

Rupee loses 7 paise to settle at 95.95 against U.S. dollar

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Rupee loses 7 paise to settle at 95.95 against U.S. dollar

Image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee stayed weak for the seventh consecutive session, declining 7 paise to 95.95 (provisional) against the U.S. dollar on Wednesday (September 16, 2026), tracking a strong greenback overseas and foreign fund outflows. Forex traders said the rupee’s slide was capped by positive domestic…

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Union Cabinet approves raising EPFO wage ceiling to ₹25,000 per month

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Union Cabinet approves raising EPFO wage ceiling to ₹25,000 per month

The contributions of the employees and employers towards the EPS will also increase as per the new wage ceiling. File. | Photo Credit: The Hindu The Union Cabinet has approved the enhancement of the the wage ceiling for mandatory coverage under the Employees’ Provident Fund Organisation (EPFO) to ₹25,000 per month from ₹15,000, Minister of…

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BIS raises gold hallmarking fee to ₹75 from ₹45 ahead of festive season

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BIS raises gold hallmarking fee to ₹75 from ₹45 ahead of festive season

The increase has been notified through the BIS (Hallmarking) Amendment Regulations, 2026, dated September 14, 2026. | Photo Credit: R. Vengadesh The Bureau of Indian Standards has revised hallmarking charges for gold and silver articles, raising the fee for gold to ₹75 from ₹45, while retaining the charge for silver at ₹35, with immediate effect…

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Business

Independent tax policy research should enter public discourse: FM Sitharaman

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Independent tax policy research should enter public discourse: FM Sitharaman

Nirmala Sitharaman said a mature tax policy debate must go beyond sectoral considerations. File | Photo Credit: PTI Union Finance Minister Nirmala Sitharaman on Wednesday (September 16, 2026) called for independent research on tax policy to become part of public discourse, saying tax professionals must look beyond sectoral interests and put the national interest first….

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Business

MDR on UPI: How are charges calculated per transaction?

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MDR on UPI: How are charges calculated per transaction?

The NCPI circular states that the new charge would be applicable only for person-to-merchant UPI transactions. The National Payments Corporation of India (NCPI) has introduced a Merchant Discount Rate (MDR) of 0.4% that merchants will have to pay to banks and payment processors on UPI transactions over ₹2,000. The NCPI circular, issued on September 15,…

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Business

Who has to pay MDR on UPI and who stands to gain the most? | Explained

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Who has to pay MDR on UPI and who stands to gain the most? | Explained

The story so far: After much speculation and debate, the National Payments Corporation of India (NPCI) has finally released its circular about the additional charges it will allow to be levied on certain UPI payments from October 15, 2026. While the Opposition has argued that this charge will increase prices for consumers, the government has…

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Business

‘PM has redefined NOTA — Narendra’s Ongoing Trump Appeasement’: Congress after UPI move

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‘PM has redefined NOTA — Narendra’s Ongoing Trump Appeasement’: Congress after UPI move

Congress leader Jairam Ramesh’s remarks come a day after the government introduced a 0.4% fee on transfers worth more than ₹2,000 made to merchants through the platform from October 15. File | Photo Credit: Shiv Kumar Pushpakar The Congress on Wednesday (September 16, 2026) accused the government of giving in to a U.S. demand to…

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Business

Rupee falls 3 paise to 95.91 against U.S. dollar in early trade

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Rupee falls 3 paise to 95.91 against U.S. dollar in early trade

Representative image. | Photo Credit: Getty Images/iStockphoto The rupee fell 3 paise to 95.91 against the U.S. dollar in early trade on Wednesday (September 16, 2026), facing pressure from a strong American currency and outflow of foreign funds. Positive domestic equity markets, however, supported the local currency, even as crude oil prices remained elevated amid…

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