Business

Ministry of finance

UPI MDR changes: Govt rejects ‘foreign influence’ claims

New Delhi: Finance Ministry Wednesday debunked claims which suggested the MDR change in the UPI ecosystem is due to foreign influence, stressing that India’s digital payments decisions are made independently. Since its launch in 2016, UPI has grown into the world’s largest real-time interoperable payment...

UPI fee: Why govt is putting a price on big merchant payments

New Delhi: The government is putting a price for merchants using its flagship digital payment network to accept large transactions - a shift that follows years of warnings from the payment industry that the annual subsidy budgeted for the Unified Payments Interface (UPI) never came...

State fiscal deficit crosses Rs 23.6K crore

RABI NARAYAN JENA Bhubaneswar: The state’s fiscal deficit in 2025-26 was Rs 23,650.89 crore, as revealed a recent report submitted by Odisha Principal Accountant General (PAG) to the Finance Department. It was marginally lower than the Rs 25,042 crore recorded in 2024-25. On the one...

UPI QR code transaction

New UPI framework: Key things to know

New Delhi: The new UPI framework introduced has no impact on any person-to-person transactions as UPI will continue to remain completely free for these, irrespective of the amount transferred, according to an explainer issued by the Finance Ministry Tuesday. Payments to merchants up to Rs...

 

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