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India’s digital payment reforms spark US trade tensions over UPI and RuPay fees

India’s move to impose fees on UPI and RuPay transactions has intensified US trade concerns, highlighting a broader clash over control of digital payment infrastructure amid ongoing negotiations between New Delhi and Washington. India’s move to give banks and payment…

  • apxadmin
  • August 6, 2026
  • Tax, Laws & Money Explained

UK pension consolidation debate intensifies as savers weigh long-term gains against potential losses

As millions of UK workers accumulate multiple pension pots due to job mobility and automatic enrolment, experts highlight both benefits and risks of consolidation, prompting a nuanced approach tailored to individual circumstances. As retirement saving becomes more fragmented, many workers…

  • apxadmin
  • August 6, 2026
  • Tax, Laws & Money Explained

RBI updates upper-layer NBFC list with new asset threshold and includes Tata Sons amid regulatory uncertainty

The Reserve Bank of India has revised its scale-based regulation criteria for non-banking finance companies, including Tata Sons, amid increased regulatory scrutiny and changes to asset-based thresholds. The Reserve Bank of India has put 17 non-banking finance companies in its…

  • apxadmin
  • August 6, 2026
  • Tax, Laws & Money Explained

India considers levying fees on UPI and RuPay in response to US trade pressure

India is contemplating a policy shift that could introduce fees on its popular UPI and RuPay payment systems, amid ongoing trade negotiations with the United States and concerns over a perceived digital payments trade barrier. As India and the United…

  • apxadmin
  • August 6, 2026
  • Tax, Laws & Money Explained

Reimagining KYC: Balancing security and customer convenience in banking

While often viewed as a bureaucratic hurdle, Know Your Customer rules serve a vital role in safeguarding the financial system. New approaches and increased flexibility aim to make KYC more effective and less burdensome for clients. Know Your Customer rules…

  • apxadmin
  • August 6, 2026
  • Tax, Laws & Money Explained

RBI's decision on Tata Sons keeps options open amid de-registration debate

The Reserve Bank of India retains Tata Sons in the upper non-banking financial company layer for 2026-27, leaving the future of its market exit uncertain while the company seeks deregistration amid regulatory changes. The Reserve Bank of India has once…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

India’s private sector surpasses government in R&D spending for the first time, signalling a shift in innovation landscape

For the first time, private industry in India accounts for over half of national R&D expenditure, reflecting a major shift in the country’s scientific investment priorities amid concerns over overall spending and research capacity. India’s research and development landscape has…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

India opens new export route for foreign-owned e-commerce firms with inventory-based model

India introduces a framework allowing foreign-owned e-commerce companies like Amazon and Flipkart to use inventory-based models for exports, aiming to boost outbound trade while maintaining domestic retail restrictions. India has notified a framework that will allow foreign-owned e-commerce companies such…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

India’s 16th Finance Commission shifts focus towards performance and fiscal discipline amid debate on equity

India’s 16th Finance Commission recommends maintaining States’ share at 41%, while prioritising performance, fiscal discipline, and compliance, sparking debate over the balance between efficiency and equity in Centre-State transfers. India’s 16th Finance Commission has kept the States’ share in the…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

MCX earnings soar as options trading drives record volumes and client growth

Multi Commodity Exchange of India Ltd reports an 88.2% increase in revenue and a doubling of net profit in the June quarter, driven by a surge in derivatives and options trading amid rising market volatility. Multi Commodity Exchange of India…

  • apxadmin
  • August 6, 2026
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