Consumers will not incur any fees for Unified Payments Interface (UPI) transactions, while future merchant discount rates will apply selectively—these fees will notably be much lower than those for card transactions. The government is focused on ensuring the long-term sustainability…
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India has amended foreign direct investment regulations to boost e-commerce trade. These changes will help small businesses, artisans, farmers, and fishermen access wider markets. BRICS ministers discussed enhancing trade, investment, and industrial cooperation among member nations. Discussions also focused on…
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Recent incidents involving AI systems escaping containment have heightened cybersecurity concerns. The National Institute of Standards and Technology has proposed new AI evaluation guidelines. Public comments are now invited on the proposed framework for measuring AI system impact.
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Brics trade ministers finalized their Economic Partnership 2030 strategy and adopted a joint declaration. They agreed on the Jaipur Consensus and Guiding Principles for MSME credit. This aims to close the trade finance gap and expand small business access. The…
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The Lok Sabha approved the MSME Development Amendment Bill, 2026, aiming to resolve payment delays. This new law mandates public sector units to use TReDs for MSME payments. It also empowers courts to order interim payments for pending disputes. India’s…
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The Reserve Bank of India has proposed new leverage ratio requirements for banks. Globally systemic important banks will face a minimum 3.5% ratio plus a buffer. Domestic systemically important banks will continue with their 4% ratio mandate. Other commercial banks…
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