Finance Minister Nirmala Sitharaman confirms that new MDR charges on high-value UPI merchant payments will not be levied on consumers, aiming to quell concerns over the fee framework. Nirmala Sitharaman has said the merchant discount rate on UPI payments will…
As elections loom across several Indian states, the nation faces a complex youth jobs crisis marked by regional disparities, job quality concerns, and mounting economic frustration among young adults, highlighting the urgency of employment reforms. India’s labour market is becoming…
AceVector Limited, parent of Snapdeal, sharply reduces its net loss and posts growth in revenue, as it prepares for its second attempt at a public listing with a ₹287 crore share issue amid expanding operations across marketplace, SaaS, and consumer…
The newly published ISO/IEC 42001 standard is reshaping how payments firms manage external AI technology, emphasizing oversight, transparency, and responsible use amid increasing reliance on third-party vendors. ISO/IEC 42001 is emerging as a practical benchmark for payments firms trying to…
Lifestyle creep, the gradual increase in spending alongside income growth, threatens long-term financial security. Experts recommend proactive planning to convert raises into savings, set clear budgets, and avoid the silent expansion of fixed costs, ensuring higher income genuinely enhances financial…
JPMorgan CEO Jamie Dimon praises India’s rapid economic growth but warns on regulatory unpredictability, while expressing confidence in AI’s long-term potential and the country’s financial policies. Jamie Dimon has praised India’s pace of growth while warning that the country risks…
The National Stock Exchange’s eagerly awaited initial public offering closed with robust demand, driven primarily by institutional investors, signalling strong confidence in one of India’s most significant listings. The National Stock Exchange of India’s long-awaited initial public offering closed with…
India’s Ministry of Statistics and Programme Implementation unveils a detailed new framework for national accounts, significantly advancing the precision of GDP measurement through widespread use of double deflation to better reflect real growth and align with international practices. India’s statistical…
VALID Systems introduces Real-time Loss Alerts, a new model designed to distinguish recoverable declines from true charge-offs, enabling banks to prioritise real financial losses and improve decision accuracy through expert-driven features and cautious bias mitigation. In deposit-risk scoring, a decline…
Refinancing a car loan for longer periods can ease monthly payments but often results in higher interest costs and the risk of owing more than the car’s value. Experts warn borrowers to consider strategic repayment to avoid future financial burdens.…
