Economy News

Diamond prices fall to lowest levels this two decades as lab-grown stones reshape market

Diamond prices fall to two-decade low as lab-grown stones reshape market

Lab-grown diamonds have emerged as one of the biggest challenges for the natural diamond market. While chemically identical to natural diamonds, they are typically 70-85 per cent cheaper. Wholesale prices of synthetic diamonds have fallen more than 75 per cent since 2022

12 days ago

Crude oil falls below $100: Sensex, Nifty end higher as easing oil prices support Indian equities

Sensex gained 194 points and Nifty rose 49 points in early trade as crude slipped below $100, while metal, FMCG and PSU bank shares led broad-based sectoral gains in morning trade.

12 days ago

UPI transactions surge to Rs 94,000 crore daily in Oct, set for record festive month

UPI GST on MDR: NPCI says over 96% transactions and small merchants remain exempt

Merchants receiving up to Rs 1 lakh monthly through UPI are also exempt from MDR. NPCI said GST paid on MDR can be adjusted against output GST liability, while UPI person-to-person transactions will remain completely free.

13 days ago

Gold, silver price today, September 19: Check latest 24K, 22K gold and silver rates

Gold and silver rates today, September 22: Check latest 24K, 22K gold and silver prices in India

Gold prices slipped below Rs 1,53,400 on the MCX, while silver fell below Rs 2.40 lakh per kg as rising US Treasury yields and expectations of further rate hikes weighed on precious metals.

13 days ago

MDR on UPI transactions: The ₹2,000 threshold would cover about 5% of all UPI transactions by volume but account for around 65% of the total transaction value.

Global payment systems converge on frictionless, intelligent commerce as the code-less horizon meets agentic frontier

As contactless authentication, AI agents, biometric security and multi-rail payments expand globally, India is positioning UPI to support faster, safer and increasingly autonomous digital transactions.

13 days ago

India Retains World's Fastest Growing Major Economy Status with 7.8% Q1 GDP Growth

GST rate cuts neutralised by inflation, says Jairam Ramesh

Congress leader Jairam Ramesh claimed that rising inflation had offset the impact of GST rate cuts announced in September 2025, arguing that consumption gains had been mixed. His remarks came as August 2026 GST collections rose 14.8 per cent year-on-year to Rs 1,99,853 crore

14 days ago

SBI Bank Strike Alert: Customers Advised to Complete Transactions Before September 28-30 Nationwide Strike

While digital services such as YONO, internet banking, mobile banking, UPI, ATMs and ADWMs are expected to remain available, services requiring physical visits and documentation may face disruptions.

15 days ago

RBI Speeds Up IDPIC Rollout To Combat Digital Payment Frauds, Pilot Running With 8 Banks

The Reserve Bank of India is working to accelerate the rollout of the India Digital Payment Intelligence Corporation (IDPIC), which is currently being tested with eight banks. RBI Deputy Governor Shirish Chandra Murmu said the platform will help share real-time fraud intelligence using AI, machine learning and big data analytics.

16 days ago

UPI vs debit vs credit card: Which payment method costs merchants the most and why?

Select UPI merchant transactions above Rs 2,000 will attract a 0.4 per cent MDR from October 15, capped at Rs 300. Despite the new charge, UPI remains cheaper under the headline rates than debit cards, which can carry MDR of up to 0.90 per cent, and credit cards, which typically range from 1.5-2.5 per cent.

17 days ago

Gold, Silver Prices Today: Check 24K, 22K Gold and 999 Silver Rates in Delhi, Mumbai, Bengaluru

Gold and silver prices today, 18 September: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.

17 days ago

EPFO Wage Ceiling Hiked to ₹25,000: How It Will Affect Salaried Employees, PF and Take-Home Salary

The EPFO wage ceiling remained unchanged from 2004 to 2014, before being substantially enhanced to Rs 15,000 in September 2014; now, it has been raised to Rs 25,000

17 days ago

Supreme Court PIL Challenges 0.4% MDR On UPI Transactions Above ₹2,000 Before October 15 Rollout

The petitioner has alleged lack of transparency and safeguards, while seeking suspension of the framework or reconsideration after consultation and impact assessment.

18 days ago

UPI transactions surge 29 pc at 21.63 billion in Dec, consumption growth remains strong

Can shopkeepers charge extra for UPI payments from October 15? 7 questions answered

The charge will be borne by eligible merchants, not customers, and banks have been advised to ensure merchants do not pass the cost on to consumers. Small merchants and UPI payments up to Rs 2,000 will continue to remain exempt under the new framework.

18 days ago

No fee on UPI transactions, Sitharaman clarifies; government to hold PSB Confluence on August 17-18

No question of rollback of 0.4% MDR charges on UPI transactions over ₹2,000

The charge will apply to merchants, not customers, while person-to-person UPI transfers will remain free. The government said the move is aimed at strengthening the long-term sustainability, safety and security of the UPI ecosystem.

18 days ago

UPI Payments Above Rs 2,000 Face 0.4% MDR, Know- Who Will Actually Pay?

UPI merchant payments above Rs 2,000 face up to 0.4 percent MDR from October 15, but consumers, smaller transactions and eligible vendors remain exempt.

20 days ago

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Economy News

Diamond prices fall to two-decade low as lab-grown stones reshape market

Crude oil falls below $100: Sensex, Nifty end higher as easing oil prices support Indian equities

UPI GST on MDR: NPCI says over 96% transactions and small merchants remain exempt

Gold and silver rates today, September 22: Check latest 24K, 22K gold and silver prices in India

Global payment systems converge on frictionless, intelligent commerce as the code-less horizon meets agentic frontier

GST rate cuts neutralised by inflation, says Jairam Ramesh

SBI Bank Strike Alert: Customers Advised to Complete Transactions Before September 28-30 Nationwide Strike

RBI Speeds Up IDPIC Rollout To Combat Digital Payment Frauds, Pilot Running With 8 Banks

UPI vs debit vs credit card: Which payment method costs merchants the most and why?

Gold, Silver Prices Today: Check 24K, 22K Gold and 999 Silver Rates in Delhi, Mumbai, Bengaluru

EPFO Wage Ceiling Hiked to ₹25,000: How It Will Affect Salaried Employees, PF and Take-Home Salary

Supreme Court PIL Challenges 0.4% MDR On UPI Transactions Above ₹2,000 Before October 15 Rollout

Can shopkeepers charge extra for UPI payments from October 15? 7 questions answered

No question of rollback of 0.4% MDR charges on UPI transactions over ₹2,000

UPI Payments Above Rs 2,000 Face 0.4% MDR, Know- Who Will Actually Pay?

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react