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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
It’s only been a couple of days since the Indian government decided to levy a fee for merchants on certain payments made through the Unified Payments Interface, but the backlash has already been substantial. One section, in particular, is staring at difficult days ahead.
Under the new framework, to become effective from 15 October, UPI payments above Rs 2,000 to mutual funds, security dealers, stockbrokers and investment platforms will attract a merchant discount rate, or MDR, of 0.02%, capped at Rs 300. Financial jargon enthusiasts will appreciate the use of the word “discount” here. As a noun, discount means a …
Lenders stand to gain a lot more than borrowers in the current challenging market environment
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
