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EPFO

Govt raises EPFO wage ceiling to Rs 25,000 per month

New Delhi: Union Cabinet Wednesday approved a proposal to raise the wage ceiling for mandatory coverage under the Employees' Provident Fund Organisation (EPFO) to Rs 25,000 per month from Rs 15,000. The wage ceiling revision is taking place after 12 years. The decision is expected...

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...

 

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