Policy

Supreme Court to hear challenge to MDR on UPI merchant payments above ₹2,000

• The Supreme Court will hear the plea on Monday
• The challenged MDR framework for UPI merchant payments above ₹2,000 is set to take effect October 15
• The outcome may affect Indian payment firms and merchants handling higher-value UPI transactions

Mobile retailers plan October 2 protest against proposed 0.4% UPI MDR

• Retailers across India plan to observe October 2 as “No UPI Day”
• The proposed merchant discount rate is 0.4%; retailers want zero-MDR UPI payments retained
• A proposed payment fee could raise costs for mobile retailers and affect UPI payment providers

Irdai’s distribution overhaul: Will it make insurance cheaper, curb mis-selling?

• IRDAI proposed commission caps, tighter expense limits and stronger safeguards against mis-selling
• Distribution changes may affect insurers and insurance intermediaries’ costs and sales practices

Govt, private hospitals likely to be graded on quality & safety

• Niti Aayog is developing a national quality framework for public and private hospitals
• The framework is aligned with international standards to help patients compare hospitals
• Quality grading may affect hospital operators’ reputations and compliance costs

Sebi's PRIM route: Portfolio managers can invest ₹25 lakh-plus client money in mutual funds

• SEBI launched PRIM, a route for portfolio managers to invest client money in mutual fund units
• The route covers client money of ₹25 lakh-plus
• The new route could affect Indian mutual fund companies and portfolio managers

Foreign assets not disclosed in ITR? Income Tax Department gives taxpayers one-time disclosure window

BT Big Story: India wants to become a shipbuilding power. Can it match China, Japan & South Korea?

• India is betting Rs 70,000 crore on becoming a major shipbuilding power
• The shipbuilding push could benefit Cochin Shipyard and Indian shipping and defence suppliers

ET EXPLAINER: How RBI’s new valuation rules change the way banks view REITs, InvITs

• RBI amended the valuation framework for REITs and InvITs
• Valuation changes affect Indian banks’ exposure to REITs and InvITs

ETMarkets PMS Talk | From mutual funds to PMS: Brijesh Ved on where PRIM fits in India's evolving wealth landscape

• SEBI’s proposed PRIM framework could redefine investor expectations of portfolio managers
• Potential rule changes matter to Indian wealth managers and portfolio-management firms

FSSAI crackdown puts food safety on hiring menu

Govt launches initiative to build digital public infra for tourism sector

• Centre launched a project to build national digital public infrastructure for tourism
• Tourism digitisation may benefit Indian travel and hospitality companies

IRDAI commission caps put insurance distributors' renewal income in focus