The government has announced no charges on UPI transactions up to Rs 2,000. RuPay debit card payments below this amount will also remain free. This clarification follows amendments to the Payment and Settlement Systems Act. Banks and system providers cannot…
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With the growing apprehension surrounding AI safety, Indian businesses are consulting legal experts about the implications of liability linked to autonomous AI systems. The shift from suggestion-based AI to independent decision-making necessitates a thorough examination of existing contracts to stipulate…
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India and Canada have initiated their fourth round of negotiations for a trade agreement, focusing on pivotal aspects such as goods, services, and trade barriers. Both countries aspire to conclude a comprehensive economic partnership this year, aiming to elevate bilateral…
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In an effort to modernize trade operations, the Directorate General of Foreign Trade will create a central processing department. This new unit, which is expected to be inaugurated nationally in the second half of October 2026, will facilitate a faceless,…
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India’s annual retail inflation rose to 4.82% in August, exceeding economists’ expectations. Price pressures expanded beyond food and transport, affecting various consumer goods categories. This acceleration strengthens the case for the central bank to consider a rate hike soon. Global…
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India is set to increase its steel exports to the European Union, with a total of 1.64 million metric tons per year. This expansion includes a preferential quota of 694,853 tons, improving access for Indian steel products in the EU…
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