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UPI Transactions To Become Faster From June 16; Other Changes Coming Soon
The UPI system is set to implement other important changes from August in order to improve its performance.
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Coinbase Announces American Express-Backed Crypto Credit Card That Offers Bitcoin Rewards
Coinbase has introduced a crypto credit card in partnership with American Express. A blog post by Coinbase claimed that the card would waive trading fees on the first $500 (roughly Rs. 43,000) earned in trades. Meanwhile, USDC stablecoin holders will be able to gain additional rewards.
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Direct Benefit Transfer Rises 90 Times In A Decade: Finance Minister
There has been more than 90 times rise in direct benefit transfer (DBT) in just a decade under the Prime Minister Narendra Modi-led government, Finance Minister Nirmala Sitharaman said on Thursday.
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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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Exclusive: Government Weighs Charges On UPI Payments Over Rs 3,000
This comes as banks and payment service providers have raised concerns about the rising cost of handling high-value digital transactions.
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Ayodhya Land Prices Soar As Circle Rates Hiked Up To 200 Per Cent
After eight years, the circle rates of Ayodhya have been revised upward, with an increase ranging from 30 per cent to 200 per cent, depending on location and land use.
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Australia Limits Crypto ATM Transactions to AUD 5,000 in Bid to Curb Scams, Money Laundering
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has enforced a deposit and withdrawal limit of AUD 5,000 (roughly Rs. 2.78 lakh) on transactions processed via crypto ATMs. The agency highlighted that elderly individuals are purchasing cryptocurrencies via cash -- with many falling prey to notorious scams and fraudulent schemes.
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Noida Restaurant Owner Slams Zomato For Zero Payout, Company Responds
The restaurant owner said he was taking away his business from Zomato, owing to the platform's lack of support towards small businesses.
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"Fashion For Some To...": S Jaishankar On 'Transactional' Policies Of Nations
External Affairs Minister S Jaishankar on Friday asserted that India will never give in to nuclear blackmail, and those who "sponsor, nurture and utilize" terrorism should be made to pay a heavy price.
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Big Changes For UPI Users: NPCI To Roll Out New API Restrictions From August 1
These rules limit the number of times users can perform specific activities daily, such as checking account balances, running autopay payments, and checking transaction status.
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Elon Musk Says X Money Payments Will Launch in 'Very Limited Access Beta' Soon
Elon Musk has revealed that the X Money service will undergo a limited beta testing before being launched. This X Money platform is expected to debut later this year with support for crypto transactions, especially those being facilitated through Bitcoin.
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Dubai's Real Estate Tokenisation Pilot Goes Live on Dedicated Platform Prypco Mint: Details
Dubai has launched pilot trials for real estate tokenisation this week. During the trial phase, all transactions will be conducted exclusively in Dirhams, with cryptocurrencies temporarily excluded from the process.
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Chinese Elderly Woman Dies After Bank Forces Her To Appear In-Person
Ms Peng was not fully conscious after the one-hour ordeal at the bank and could be seen leaning her head to one side.
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UK Government Updates Crypto Reporting Guidelines, Mandates Collection of Crypto Transaction Data
The UK government has instructed crypto firms to collect user details including transaction data under the Crypto Asset Reporting Framework (CARF). The UK officials have said that crypto companies found in violation of these laws can invite penalties of up to GBP 300 (roughly Rs. 35,000).
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Lumax Auto Tech To Secure Remaining IAC India Stake For Rs 221 Cr
The closure of the latest transaction is expected by May 31, 2025, after which IAC India will become a wholly-owned subsidiary of LATL.
-
UPI Transactions To Become Faster From June 16; Other Changes Coming Soon
The UPI system is set to implement other important changes from August in order to improve its performance.
-
Coinbase Announces American Express-Backed Crypto Credit Card That Offers Bitcoin Rewards
Coinbase has introduced a crypto credit card in partnership with American Express. A blog post by Coinbase claimed that the card would waive trading fees on the first $500 (roughly Rs. 43,000) earned in trades. Meanwhile, USDC stablecoin holders will be able to gain additional rewards.
-
Direct Benefit Transfer Rises 90 Times In A Decade: Finance Minister
There has been more than 90 times rise in direct benefit transfer (DBT) in just a decade under the Prime Minister Narendra Modi-led government, Finance Minister Nirmala Sitharaman said on Thursday.
-
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".
-
Exclusive: Government Weighs Charges On UPI Payments Over Rs 3,000
This comes as banks and payment service providers have raised concerns about the rising cost of handling high-value digital transactions.
-
Ayodhya Land Prices Soar As Circle Rates Hiked Up To 200 Per Cent
After eight years, the circle rates of Ayodhya have been revised upward, with an increase ranging from 30 per cent to 200 per cent, depending on location and land use.
-
Australia Limits Crypto ATM Transactions to AUD 5,000 in Bid to Curb Scams, Money Laundering
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has enforced a deposit and withdrawal limit of AUD 5,000 (roughly Rs. 2.78 lakh) on transactions processed via crypto ATMs. The agency highlighted that elderly individuals are purchasing cryptocurrencies via cash -- with many falling prey to notorious scams and fraudulent schemes.
-
Noida Restaurant Owner Slams Zomato For Zero Payout, Company Responds
The restaurant owner said he was taking away his business from Zomato, owing to the platform's lack of support towards small businesses.
-
"Fashion For Some To...": S Jaishankar On 'Transactional' Policies Of Nations
External Affairs Minister S Jaishankar on Friday asserted that India will never give in to nuclear blackmail, and those who "sponsor, nurture and utilize" terrorism should be made to pay a heavy price.
-
Big Changes For UPI Users: NPCI To Roll Out New API Restrictions From August 1
These rules limit the number of times users can perform specific activities daily, such as checking account balances, running autopay payments, and checking transaction status.
-
Elon Musk Says X Money Payments Will Launch in 'Very Limited Access Beta' Soon
Elon Musk has revealed that the X Money service will undergo a limited beta testing before being launched. This X Money platform is expected to debut later this year with support for crypto transactions, especially those being facilitated through Bitcoin.
-
Dubai's Real Estate Tokenisation Pilot Goes Live on Dedicated Platform Prypco Mint: Details
Dubai has launched pilot trials for real estate tokenisation this week. During the trial phase, all transactions will be conducted exclusively in Dirhams, with cryptocurrencies temporarily excluded from the process.
-
Chinese Elderly Woman Dies After Bank Forces Her To Appear In-Person
Ms Peng was not fully conscious after the one-hour ordeal at the bank and could be seen leaning her head to one side.
-
UK Government Updates Crypto Reporting Guidelines, Mandates Collection of Crypto Transaction Data
The UK government has instructed crypto firms to collect user details including transaction data under the Crypto Asset Reporting Framework (CARF). The UK officials have said that crypto companies found in violation of these laws can invite penalties of up to GBP 300 (roughly Rs. 35,000).
-
Lumax Auto Tech To Secure Remaining IAC India Stake For Rs 221 Cr
The closure of the latest transaction is expected by May 31, 2025, after which IAC India will become a wholly-owned subsidiary of LATL.
