-PTI Giving further impetus to digital payments, the government will reimburse charges for transaction up to Rs2,000 on debit cards and BHIM New Delhi: Customers will not have to pay any transaction charges for payments through debit card, BHIM app and other payment made for up to Rs2,000 from Monday onwards. Last month, Union Cabinet approved a proposal that government will bear the merchant discount rate (MDR) charges on transactions up to Rs2,000...
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NITI Aayog working on policy to cut oil bill by $100 billion
-PTI NEW DELHI: The government is working on a policy to bring down the annual oil import bill by $100 billion by 2030 through extensive use of methanol in cooking gas and transportation fuel, union minister Nitin Gadkari told Lok Sabha on Thursday. The government was "shortly" going to implement a scheme under which 15 per cent methanol will be blended with petrol and which will reduce the cost of the fuel...
More »WTO talks in Buenos Aires on brink of collapse -D Ravi Kanth and Asit Ranjan Mishra
-Livemint.com United States refuses to budge on relaxations demanded by developing countries to provide for food security programmes, matter in deadlock as India, China stick to their stance The 11th ministerial meeting of the World Trade Organization (WTO) in Buenos Aires hung in the balance on Tuesday after the US refused to budge on relaxations demanded by developing countries to provide for their food security programmes. The matter went into deadlock after India...
More »Preparing For Cyprus Moment: Centre May Allow Banks To Use Your Hard-Earned Deposits In Case It Collapses -Kumar Shankar Roy
-Outlook Scary Bail-in clause in FRDI Bill cleared by the Union Cabinet in June 2017 allows banks to finance themselves using depositors money. Priding themselves for being 'cash-less' post demonetization last year, some Indians may come face to face with a horrific post-apocalyptic future where they could be deposit-less too. Yes, this could be a reality unless the government of the day removes the unholy 'bail-in' clause that theoretically allows beleaguered banks...
More »Centre approves setting up of National Nutrition Mission to address malnutrition, stunting
-Down to Earth The mission would map various schemes and monitor them real-time The Union Cabinet has finally approved the setting up of National Nutrition Mission (NNM). A total of Rs 9,046.17 crore has been allocated for the next three years, commencing from 2017-18. The main agenda of NMM is to address the issue of malnutrition and stunted growth in India. The mission would map various schemes and monitor them real-time. The...
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