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Proposed MDR for UPI transactions will be nominal, says government
The government has pledged that the upcoming UPI merchant discount rate will be minimal. This fee will be applicable only to certain merchants and transactions that surpass a designated threshold. Importantly, person-to-person UPI payments will remain free for all users. This initiative is designed to enhance the sustainability of India’s digital payment ecosystem and facilitate service expansion into rural and semi-urban regions.
Centrelink pursuing debts that are more than 40 years old despite agreeing to waive old arrears
Advocates and legal bodies want the debt to be made ‘out of bounds’ given how hard it is to determine its accuracyGet our breaking news email, free app or daily news podcastCentrelink is pursuing $4.93bn in unpaid debts, with the oldest dating back more than 40 years, despite the government agreeing to implement a six-year statute of limitations on debt recovery.A growing list of advocates, including peak legal body Economic Justice Australia, want the debts wiped, while Australia’s leading welf...
Hospitality recruitment app Supp calls gig-workers contractors. Some users say it leads to casual work without entitlements
Exclusive: Workers’ rights experts raise ‘alarm bells’ over app requiring ABNs for jobs they say lack worker autonomyGet our breaking news email, free app or daily news podcastConcerns have been raised that workers using an increasingly popular Australian hospitality gig-work app may be missing out on entitlements such as superannuation by being hired as “independent contractors”, similar to delivery riders.Launched in Melbourne in 2017, Supp describes itself as a “jobs marketplace”, where hospi...
Serbia and Ukraine pledge closer economic ties, eye free trade deal
Serbia says it will help rebuild Ukrainian cities and provide aid as the two countries deepen cooperation.
Affordable housing stock shrinks, premium home inventory jumps 43%: Report
Unsold housing inventory in India rose four percent, with higher-priced homes seeing significant accumulation. Lower-priced properties below one crore rupees are selling faster, showing inventory declines. The overall time to sell existing stock increased to six quarters. Premium housing segments experienced both rising inventory and increased sales activity. Older housing stock is being absorbed, indicating buyer preference for near-completion properties.
CAG flags Rs 29.45 crore unfruitful expenditure as 81 acres of Baprola land lie unused
NEW DELHI: The Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) left 81.42 acres of land in southwest Delhi's Baprola unused for more than 17 years, resulting in unfruitful expenditure of Rs 29.45 crore, the Comptroller and Auditor General (CAG) has pointed out.
Laid off? Sorry, your American dream may have a 60-day expiry window
TOI correspondent from Washington: For highly skilled foreign workers in America, a majority of whom are from India, the Trump administration has apparently decided that losing a job isn't stressful enough. Why not add an immigration cliff?
Goa's 'anywhere registration' reform for property documents: What it means
Goa has introduced a revolutionary property registration system known as 'Anywhere Registration within the District'. This initiative facilitates the registration of property documents at any Sub-Registrar Office within a district, providing buyers and sellers with the flexibility to select offices with earlier appointment slots. Consequently, this reform aims to alleviate congestion and enhance the efficiency of public services through technology-driven solutions.
Nevada firm finds 1.78M tonnes of tungsten but Nasa blocks mining
A potentially enormous tungsten resource has been identified beneath the Nevada desert, but a NASA land restriction could prevent the company behind the project from fully exploring or developing it.
New York authorities warn about gold bar scam targeting seniors
State’s attorney general says scammers have made off with more than $100m in past two yearsScammers in New York have been using gold bars to steal money from victims, primarily seniors, and made off with more than $100m over the past two years, the state’s attorney general announced on Friday.The scheme starts with victims receiving a fake pop-up message that states their computer or financial account has been compromised, the press release stated. The message includes a phone number to call, an...
New York authorities warn about gold bar scam targeting seniors
State’s attorney general says scammers have made off with more than $100m in past two yearsScammers in New York have been using gold bars to steal money from victims, primarily seniors, and made off with more than $100m over the past two years, the state’s attorney general announced on Friday.The scheme starts with victims receiving a fake pop-up message that states their computer or financial account has been compromised, the press release stated. The message includes a phone number to call, an...
No charges for UPI users: Govt clarifies person-to-person transactions to remain free
In a press release, the Ministry of Finance has said that users will not be charged for making UPI payments, and all Person-to-Person (P2P) transactions will continue to remain free. It said that if a Merchant Discount Rate (MDR) is introduced in the future, it will apply only to a limited category of merchant transactions above a specified threshold.
Super-rich complain but experts welcome Mamdani’s pied-à-terre tax
New York mayor’s policy set to generate revenue and address housing crisis despite outcry in some quarters New York City’s introduction of a pied-à-terre tax has provided fodder for Zohran Mamdani’s critics, who accuse the democratic socialist mayor of attacking the rich – even as others welcome it as a much-needed effort to tax the wealthy in a city known for its yawning inequality and cost-of-living crisis.The tax, aimed at closing the city’s budget gap, covers people who own but do not live f...
Super-rich complain but experts welcome Mamdani’s pied-à-terre tax
New York mayor’s policy set to generate revenue and address housing crisis despite outcry in some quarters New York City’s introduction of a pied-à-terre tax has provided fodder for Zohran Mamdani’s critics, who accuse the democratic socialist mayor of attacking the rich – even as others welcome it as a much-needed effort to tax the wealthy in a city known for its yawning inequality and cost-of-living crisis.The tax, aimed at closing the city’s budget gap, covers people who own but do not live f...
Why NBFC gold loans are growing nearly 70% despite tighter RBI regulations
Non-banking financial company gold loans grew nearly seventy percent year-on-year. This expansion significantly outpaced overall retail credit growth for these institutions. The Reserve Bank of India had introduced new rules for gold lending practices. Despite regulatory scrutiny, demand for gold-backed credit remained robust. Credit growth in industry and services sectors showed moderation during this period.
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تعرف على قصص النجاح الملهمة لأغنى مليارديرات العرب الذين استطاعوا تحويل أفكارهم إلى ثروات طائلة. من الاستثمارات الذكية إلى المشاريع الرائدة، لن تصدق كيف تمكنوا من الوصول إلى قمم الثروات.
Unveiling the Wealth: How Arab Billionaires Built Their Empires
From oil to technology, the richest Arab billionaires have crafted astonishing fortunes against the backdrop of a rapidly evolving economy. Discover the intriguing journeys, surprising facts, and staggering numbers that contributed to their monumental success.
Private prisons announce $1.4 billion in revenue as immigration detentions climb
Immigration Private prisons announce $1.4 billion in revenue as immigration detentions climb August 8, 20266:00 AM ET Vanessa Romo The CoreCivic, Inc. California City Immigration Processing Center stands in the Kern County desert awaiting reopening as a federal immigrant detention facility under contract with the US Immigration and Customs Enforcement (ICE) in California City, California on July 10, 2025. Patrick T. Fallon/AFP via Getty Images hide caption toggle caption Patrick T. Fallon/AFP vi...
Electric Speed Showdown: Tesla Roadster 2026 vs Rimac Nevera - Who Reigns Supreme?
In the ultimate face-off of electric powerhouses, the Tesla Roadster 2026 and Rimac Nevera are set to redefine speed. Buckle up as we delve into an electrifying comparison that will leave you breathless!
Maharashtra RERA extends timelines for certain projects; here's why it matters
In a significant move, Maharashtra's real estate regulator has granted an automatic extension of four months for project completions. Projects originally set to finish on or after February 28, 2026, qualify for this relief. This adjustment acknowledges the global supply chain challenges affecting material availability, which may lead to homebuyers experiencing possession delays of up to four months for their properties.
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