Tax relief on builder-paid rent in redevelopment projects.Indian banking system remained resilient, not adversely impacted by recent global events: Shaktikanta Das.Passenger traffic growth highest at Mumbai airport in 2022-23.Google took action against over 3,500 loan apps in India for violating norms in 2022.Paytm has already tweeted that no customer will pay any charge. Also, charging a fee from the customers may lead them to lose their clients who could switch to a rival company that may be willing to absorb the extra charge rather than have the client pay for it. As of now, most of the PPIs are reluctant to do so, mostly as the bulk of transactions through these apps are usually below Rs 2,000. However, as this fee will be levied on the merchant side, they may or may not pass it on to the consumers. The PPI issuer will pay the remitter bank approximately 15 basis points as a wallet-loading service charge. From 1 April, whenever they will be used to make a UPI transaction, the interchange fee will be paid by the bank of the merchant (the person or business receiving the payment) to the bank of the payer (the person making the payment). But you don’t need to worry To break it down, PPIs are digital wallets that allow users to store money and make payments, such as Google Pay, PhonePe and Paytm, three of the most popular apps for UPI transactions. For instance, 0.5% will be charged on fuel-related payments, 0.7% for telecom, utilities/post office, education and agriculture transactions, and 1% for court costs, tax payments, and insurance sales. This fee on digital wallet transactions made on the Unified Payments Interface (UPI) will come into effect from 1 April this year and will depend on the type of service provided. The National Payments Corporation of India (NPCI) notified in a circular recently that an interchange fee of 0.5% to 1.1% will be applicable on transactions over Rs 2,000 made through Prepaid Payment Instruments (PPIs).

Gpay apps