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No Plan To Levy Merchant Discount Rate On UPI Transactions: Finance Ministry
The Finance Ministry on Wednesday said that "speculation and claims that the MDR (merchant discount rate) will be charged on UPI transactions are completely false, baseless, and misleading".
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Meta, TikTok Challenge Tech Fees in Second Highest EU Court
Meta and TikTok have said that EU's supervisory fee levied on them was disproportionate and based on a flawed methodology. Meta told judges at the General Court it was not trying to avoid paying its fair share of the fee, but it questioned how the Commission had calculated the levy, saying it had been based on the revenue of the group rather than o...
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Supreme Court Upholds Constitutional Validity of Dual Taxation on Cable TV, OTT Platforms: Report
The Supreme Court has upheld the right of state governments to levy an entertainment tax on broadcasting and digital streaming services, as they are classified as a "luxury" under the seventh schedule of the Constitution of India. This ruling clarifies that both cable TV broadcasters are liable to pay a service tax to the central government and an ...
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Levi Colwill Sends Chelsea Into Champions League As Nottingham Forest Miss Out
Chelsea booked their place in the Champions League as Levi Colwill sealed a 1-0 win that shattered Nottingham Forest's bid for a top five finish on Sunday.
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Sony Sells 18.5 Million PS5 Units in FY 2024, Analysts Say GTA 6 Delay to Impact Sales in 2025
Sony said on Wednesday that it sees a JPY 100 billion ($700 million or roughly Rs. 5,975 crore) impact from US levies in the year to March and expects an operating profit of ¥1.28 trillion (roughly Rs. 74,353 crore). Over the first three months of this year, Sony reported better-than-expected operating income of JPY 203.7 billion (roughly Rs. 11,...
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Explained: Details Of The US-UK Economic Deal
The United States and Britain announced a deal to lower tariffs on some goods on Thursday, with U.S. levies on cars and steel being cut and both sides gaining better access to agriculture markets.
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India Will Retaliate If EU Imposes Carbon Tax: Union Minister Piyush Goyal
India will impose retaliatory duties if the European Union goes ahead with its plan to levy a carbon tax on Indian products, Commerce and Industry Minister Piyush Goyal said on Tuesday.
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US President Trump Says He's Willing To Lower China Tariffs For This Reason
President Donald Trump has signalled he is open to lowering massive tariffs imposed on China, as he acknowledged that the current levies are so high that the two of the world's largest economies have essentially stopped doing business with each other
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Castle Barbeque, Chaayos And 3 More Delhi Restaurants Issued Notice Over Levy And Non-Refund Of Service Charge
Five Delhi restaurants have been issued notices under the Consumer Protection Act, 2019, for failing to refund mandatory service charges.
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Trump Eases Auto Tariffs Burden, Offers Relief For US Carmakers
U.S. President Donald Trump signed an order to soften the blow of his auto tariffs on Tuesday with a mix of credits and relief from other levies on materials.
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China Likely To Exempt Some US Goods From Tariffs As Costs Rise: Report
Authorities are considering removing the additional levies for medical equipment and some industrial chemicals like ethane.
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"Economically Reckless": 12 US States Sue Trump Over Tariffs
A coalition of 12 American states filed a lawsuit Wednesday to challenge the Trump administration's tariffs, saying the president cannot institute the levies without the approval of Congress.
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International Monetary Fund Slashes Growth Outlook On Impact Of US Tariffs
Given the stop-start nature to Trump's tariff rollout, the IMF introduced a cutoff date of April 4, meaning they do not include the administration's latest salvos, which have hiked the level of new levies against China to 145 percent.
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No Plan To Levy GST On UPI Transactions Over Rs 2,000: Finance Ministry
The Finance Ministry on Friday made it clear that the government is not considering any proposal to levy Goods and Services Tax (GST) on UPI transactions over Rs 2,000.
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Trump Defends Policy After China Hits US With 125% Tariffs
President Donald Trump insisted Friday that his tariff policy was "doing really well" despite China hiking levies on US goods to 125 percent in the spiraling trade war between the world's two biggest economies.
-
No Plan To Levy Merchant Discount Rate On UPI Transactions: Finance Ministry
The Finance Ministry on Wednesday said that "speculation and claims that the MDR (merchant discount rate) will be charged on UPI transactions are completely false, baseless, and misleading".
-
Meta, TikTok Challenge Tech Fees in Second Highest EU Court
Meta and TikTok have said that EU's supervisory fee levied on them was disproportionate and based on a flawed methodology. Meta told judges at the General Court it was not trying to avoid paying its fair share of the fee, but it questioned how the Commission had calculated the levy, saying it had been based on the revenue of the group rather than o...
-
Supreme Court Upholds Constitutional Validity of Dual Taxation on Cable TV, OTT Platforms: Report
The Supreme Court has upheld the right of state governments to levy an entertainment tax on broadcasting and digital streaming services, as they are classified as a "luxury" under the seventh schedule of the Constitution of India. This ruling clarifies that both cable TV broadcasters are liable to pay a service tax to the central government and an ...
-
Levi Colwill Sends Chelsea Into Champions League As Nottingham Forest Miss Out
Chelsea booked their place in the Champions League as Levi Colwill sealed a 1-0 win that shattered Nottingham Forest's bid for a top five finish on Sunday.
-
Sony Sells 18.5 Million PS5 Units in FY 2024, Analysts Say GTA 6 Delay to Impact Sales in 2025
Sony said on Wednesday that it sees a JPY 100 billion ($700 million or roughly Rs. 5,975 crore) impact from US levies in the year to March and expects an operating profit of ¥1.28 trillion (roughly Rs. 74,353 crore). Over the first three months of this year, Sony reported better-than-expected operating income of JPY 203.7 billion (roughly Rs. 11,...
-
Explained: Details Of The US-UK Economic Deal
The United States and Britain announced a deal to lower tariffs on some goods on Thursday, with U.S. levies on cars and steel being cut and both sides gaining better access to agriculture markets.
-
India Will Retaliate If EU Imposes Carbon Tax: Union Minister Piyush Goyal
India will impose retaliatory duties if the European Union goes ahead with its plan to levy a carbon tax on Indian products, Commerce and Industry Minister Piyush Goyal said on Tuesday.
-
US President Trump Says He's Willing To Lower China Tariffs For This Reason
President Donald Trump has signalled he is open to lowering massive tariffs imposed on China, as he acknowledged that the current levies are so high that the two of the world's largest economies have essentially stopped doing business with each other
-
Castle Barbeque, Chaayos And 3 More Delhi Restaurants Issued Notice Over Levy And Non-Refund Of Service Charge
Five Delhi restaurants have been issued notices under the Consumer Protection Act, 2019, for failing to refund mandatory service charges.
-
Trump Eases Auto Tariffs Burden, Offers Relief For US Carmakers
U.S. President Donald Trump signed an order to soften the blow of his auto tariffs on Tuesday with a mix of credits and relief from other levies on materials.
-
China Likely To Exempt Some US Goods From Tariffs As Costs Rise: Report
Authorities are considering removing the additional levies for medical equipment and some industrial chemicals like ethane.
-
"Economically Reckless": 12 US States Sue Trump Over Tariffs
A coalition of 12 American states filed a lawsuit Wednesday to challenge the Trump administration's tariffs, saying the president cannot institute the levies without the approval of Congress.
-
International Monetary Fund Slashes Growth Outlook On Impact Of US Tariffs
Given the stop-start nature to Trump's tariff rollout, the IMF introduced a cutoff date of April 4, meaning they do not include the administration's latest salvos, which have hiked the level of new levies against China to 145 percent.
-
No Plan To Levy GST On UPI Transactions Over Rs 2,000: Finance Ministry
The Finance Ministry on Friday made it clear that the government is not considering any proposal to levy Goods and Services Tax (GST) on UPI transactions over Rs 2,000.
-
Trump Defends Policy After China Hits US With 125% Tariffs
President Donald Trump insisted Friday that his tariff policy was "doing really well" despite China hiking levies on US goods to 125 percent in the spiraling trade war between the world's two biggest economies.
