New Delhi: The implementation of the much-debated merchant discount rate (MDR) framework for Unified Payments Interface (UPI) transactions is widely anticipated to be pushed back to January 1, 2027. According to people familiar with the matter speaking to Financial Express, the rollout—originally slated for an October 15 implementation—is facing a targeted delay to provide merchants, […]
India inflation likely rose to 4% in May as food, fuel costs climb
Representative image. India’s inflation likely rose to the Reserve Bank of India‘s medium-term target of 4% in May, driven by a pickup in vegetable prices and higher fuel costs following the U.S. and Israel war against Iran, a Reuters poll of economists showed. Inflation has remained below the RBI’s 4% target for 15 consecutive months. […]