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Government Says Fear of Cash Shift Due to UPI Merchant Fee Is Misplaced

Government sources have stated that fears of a shift to cash payments due to the introduction of merchant fees on UPI transactions are completely unfounded. The government clarified that 96% of UPI transactions will remain unaffected by the new charges. NPCI CEO Asbe noted that UPI transactions currently cost banks around Rs 21,000 crore annually, highlighting the need for monetisation.

The Indian Express·14h ago

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Business

Government Says Fear of Cash Shift Due to UPI Merchant Fee Is Misplaced

Government sources have stated that fears of consumers shifting to cash payments due to the introduction of merchant fees on UPI transactions are completely unfounded. Finance Minister Nirmala Sitharaman clarified that the merchant discount rate (MDR) on UPI will not be passed on to consumers. The proposed merchant fee is expected to raise less than Rs 21,000 crore and will not affect transaction data advantages held by banks.

The Indian Express·14h ago

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Politics

Israeli PM Netanyahu Attacks Mamdani's Wife at UN General Assembly

Israeli Prime Minister Benjamin Netanyahu mentioned Mamdani's wife, Rama Duwaji, during his speech at the UN General Assembly, launching a sharp attack. His remarks sparked controversy, with references to an ICC arrest warrant and eliciting walkouts by several diplomats. The speech also touched on Iran and connections involving Elon Musk, highlighting tensions at the global forum.

BBC·3h ago

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Politics

Mamdani Rebukes Netanyahu Over UN Genocide Comments

Academic Mahmood Mamdani criticized Israeli Prime Minister Benjamin Netanyahu for allegedly using lies to sanitize genocide following Netanyahu's remarks at the United Nations. Netanyahu defended his stance on Iran and referenced Hezbollah during the UN General Assembly, prompting strong reactions and walkouts from delegates. The exchange highlights ongoing tensions at the UN over Middle East conflicts.

NDTV·6h ago

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Sports

Virgil van Dijk Furious Over Germany Goal in 1-1 Draw vs Netherlands

Virgil van Dijk expressed anger over a goal scored by Germany during their 1-1 draw against the Netherlands in the UEFA Nations League. The match saw heated discussions involving figures like Jürgen Klopp and Joshua Kimmich. The draw was seen as worrying for Germany, while Norway and Portugal secured wins in other Nations League matches.

Bavarian Football Works·1h ago

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Politics

Third Public Harassment Case in Bihar at Tourist Spot

Bihar has witnessed its third public harassment case in a week, with a minor girl assaulted and sexually harassed by six men at a tourist site in Banka. The incident follows similar cases in Jamui and Samastipur. A case has been registered against the accused. Opposition leader Tejashwi Yadav criticized the Bihar government, demanding the arrest of the perpetrators after the Mandar Hill video surfaced.

The Times of India·3h ago·Banka

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