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Money Crux
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India’s parliament clears bill to support digital payments without broad UPI merchant charges

India’s parliament approves the Taxation and Other Laws (Amendment) Bill, with Finance Minister Nirmala Sitharaman assuring no immediate increase in Merchant Discount Rate charges for small merchants and consumers on UPI transactions, amidst discussions on future charges for large merchants.…

  • apxadmin
  • August 11, 2026
  • Economy, Policy and Business

India's labour market shows signs of slowdown amid rural employment decline and female participation drop

India’s labour force participation rate dipped in the April-June 2026 quarter, with rural unemployment rising and female participation falling, indicating a softer labour market overall. India’s labour market weakened in the April-June 2026 quarter, with the labour force participation rate…

  • apxadmin
  • August 11, 2026
  • Personal Finance & Wealth

Westpac banker thwarts $1.2 million property scam by spotting subtle email detail

A bank worker in Western Australia stopped a sophisticated property scam from redirecting a $1.2 million payment amid rising email fraud tactics targeting the property sector, highlighting the importance of cautious verification during settlement processes. A Westpac banker in Western…

  • apxadmin
  • August 11, 2026
  • Markets & Investing

Unverified issuer enters crowded AI and space ETF market with opaque filings

A little-known firm, KICK, files for AI and space-themed ETFs amid mounting investor interest, despite lacking transparency and public track record, highlighting the sector’s rapid growth and uncertainty. A little-known issuer has entered one of the most crowded corners of…

  • apxadmin
  • August 11, 2026
  • Tax, Laws & Money Explained

India’s UPI expansion sparks debate over monetisation risks and future profitability

India’s digital payment platform UPI continues to grow rapidly, with transactions soaring and market optimism rising. However, plans for charging merchant fees face challenges amid concerns over sustaining its cashless surge and revenue model. India’s digital payments boom is reshaping…

  • apxadmin
  • August 11, 2026
  • Economy, Policy and Business

Indonesia’s second-half growth depends on household spending amid rising living costs

Indonesian economists warn that sustaining economic momentum in 2026 hinges on supporting middle and lower-income households facing increasing living expenses, amid signs of slowing consumer demand and shrinking middle class. Indonesia’s economic momentum in the second half of 2026 will…

  • apxadmin
  • August 11, 2026
  • Economy, Policy and Business

India to raise foreign direct investment threshold to accelerate approvals amid policy reforms

India plans to increase the FDI approval threshold from Rs 5,000 crore to Rs 15,000 crore, aiming to streamline decision-making processes and respond to increasing capital flows in sectors like semiconductors, renewable energy, and infrastructure, matching modern business demands. India’s…

  • apxadmin
  • August 11, 2026
  • Personal Finance & Wealth

Small savings strategies can unlock long-term wealth potential, experts argue

Financial advisors highlight that tiny, automated contributions and disciplined money management can significantly grow wealth over time, transforming modest savings into substantial assets for the future. Saving a little at the till is satisfying, but the real gain comes when…

  • apxadmin
  • August 11, 2026
  • Personal Finance & Wealth

Girija Subramanian's appointment signals new focus on insurance distribution at IRDAI

Girija Subramanian has assumed her role as Whole-time Member for Distribution at IRDAI, strengthening the regulator’s efforts to expand insurance coverage across India amid a broader focus on distribution strategies. Girija Subramanian has joined the Insurance Regulatory and Development Authority…

  • apxadmin
  • August 11, 2026
  • Markets & Investing

Info Edge India leverages AI to boost recruitment and near breakeven for 99acres in Q1 FY27

Info Edge India’s first quarter of fiscal 2027 saw a surge in recruitment demand and a major turnaround at 99acres, driven by artificial intelligence-driven monetisation and product innovation, signalling a strategic shift towards smarter, more customised platforms. Info Edge India…

  • apxadmin
  • August 11, 2026
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