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Government, banks to decide subsidy amount for UPI that will continue after MDR comes in
The government has budgeted ₹2,000 crore for the ongoing financial year under its incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions. (Representational image) | Photo Credit: Getty Images/iStockphoto The Merchant Discount Rate (MDR) on UPI will not be enough to cover the cost of running and maintaining the payment platform,…
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12 years of ‘Make in India’ in 12 metrics — Low and patchy impact on growth, employment & global share
Twelve years on from the launch of the Make in India campaign on September 25, 2014, a look at 12 metrics spanning growth, investment, employment, and exports shows that the manufacturing sector’s share in India’s economic growth, employment, and global exports has remained largely the same since then. The data over the last 12…
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West Asia crisis not over, potential to escalate further: Oil Minister Hardeep Puri
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri | Photo Credit: ANI The West Asia crisis is not over and has the potential to exacerbate, said Hardeep Singh Puri, Union Oil Minister at the Public Affairs Forum of India’s annual conclave here Thursday. He added that notwithstanding the prevailing situation, a potential silver…
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Trading smart: On the India-New Zealand FTA
The India-New Zealand Free Trade Agreement (FTA), set to come into force on October 20, is a good example of why India is right in simultaneously pushing for trade deals with smaller trade partners along with the major global economies. On the face of it, it would be easy to dismiss the $1.1 billion of…
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Blue bonds: India’s new ocean of finance
India’s maiden blue bond, under the Sagarmala programme, seeks to bring the ocean economy to the capital markets, even as doubts linger on its timing given the signs of hardening global interest rates. As much as ₹1,000 crore is slated to be raised through a blue bond issuance by Sagarmala Finance Corporation Ltd. (SMFCL), the…
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India-EU FTA to be signed on December 16
The Free Trade Agreement (FTA) between India and the European Union (EU) will be signed on December 16, 2026, two diplomatic sources have separately confirmed to The Hindu. This will be part of Prime Minister Narendra Modi’s upcoming back-to-back trips in December to Canada, the U.S., and Belgium, where three separate FTAs are currently either…