UPI has recorded significant transaction growth, processing 145 billion transactions in the first half of the financial year. The value of these transactions increased to Rs 177 lakh crore, reflecting a notable rise. A new merchant discount rate will be introduced on October 15, applying to high-value UPI transactions. Most everyday merchant transactions will remain free, with certain services facing a flat fee structure.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/xlbd4BK
The G7 announced an urgent release of 100 million barrels of oil and fuel products to counteract the ongoing diesel shortages, starting now and extending over the upcoming four months. Yet, experts warn that this withdrawal from emergency reserves could jeopardize future preparedness. Additionally, with supply routes still facing disruptions from geopolitical issues, the overall impact on fuel pricing and market dynamics remains ambiguous.
During the operation, officials discovered Rs 1.12 crore in Indian currency and foreign currency worth Rs 4.34 lakh. The man was subsequently taken in for questioning by the tax authorities. Despite the investigation team's acceptance of the explanation, the AO treated both the Indian cash and foreign currency recovered during the search as unexplained money under Section 69A.
In this case, a widow secured a government job under this provision but later allegedly left her late husband's parents on their own. The Rajasthan High Court explained that a compassionate appointment is intended to provide monetary support to a family struggling to cope with the sudden death of its sole earning member.
The Centre will implement new stock limits for sugar dealers starting October 15 until November 30. The inventory cap has been set at 1,000 quintals with a 15-day holding period. This decision follows a notable decrease in ex-mill sugar prices and aims to control hoarding during the festive season. Kolkata and Assam have been given slightly higher stock limits due to distribution needs.
