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Last week cabinet cleared a Rs 2,600-crore incentive scheme for banks to promote RuPay debit cards

Last week, the cabinet cleared a Rs 2,600-crore incentive scheme for banks to promote RuPay debit cards and low-value BHIM-UPI transactions in the current fiscal.

NEW DELHI, Jan 15:Incentives paid by the Government to banks for promoting RuPay debit cards and low-value BHIM-UPI transactions will not attract GST, the Finance Ministry said. Last week the Cabinet cleared a Rs 2,600-crore incentive scheme for banks to promote RuPay debit cards and low-value BHIM-UPI transactions in the current fiscal. Under the Incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions, the government pays banks an incentive as a percentage of the value of […]

Last week cabinet cleared a Rs 2,600-crore incentive scheme for banks to promote RuPay debit cards

SEBI on Wednesday decided to allow foreign portfolio investors (FPIs) to participate in the exchange-traded commodity derivatives