UPI Gets GST-Free Tag
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🗞️ No GST on UPI Transactions, Govt Confirms in Parliament
The government clarified in the Rajya Sabha that no GST will be levied on UPI or digital transactions, quelling recent rumors and ensuring continued ease of digital payments.
💬 Expert Take:
"This assurance helps maintain trust in India’s digital payments ecosystem, crucial for financial inclusion."
— Rajeev Agarwal, Fintech Policy Expert
🗞️ ITC to Invest ₹20,000 Cr in Manufacturing Expansion
ITC Chairman Sanjiv Puri announced plans to invest ₹20,000 crore in manufacturing capacity over the next few years, with focus on food, personal care, and paperboards.
🗞️ FDI Focus Shifts to Chemicals, Leather, and Electronics
India may pivot its FDI strategy towards sectors like chemicals, leather, and electronics after a dip in foreign direct investment in FY24, as the government seeks to attract global supply chains.
🗞️ NephroPlus Files for ₹534 Cr IPO
Dialysis network NephroPlus has filed DRHP to raise ₹534 crore via fresh equity, aiming to fund expansion and repay debt.
🗞️ NSDL’s ₹4,000 Cr IPO Back on Track After Delay
NSDL, India’s leading securities depository, will open its long-awaited ₹4,000 crore IPO in the coming weeks, after months of delays.
🗞️ RBI Panel Member Projects 6.5%+ Growth in FY26
An RBI Monetary Policy Committee member sees India’s economy growing over 6.5% in FY26, citing macro stability and strong domestic demand.
🗞️ Star Health Fined ₹339 Cr by IRDAI
IRDAI has imposed a ₹339 crore penalty on Star Health for violating commission payout norms, marking one of the largest fines in the insurance sector.
🗞️ IDFC First Bank Q1 Net Profit Falls 32% to ₹463 Cr
IDFC First Bank reported a 32% YoY drop in net profit for Q1 FY26, citing higher provisions and increased operational costs.
ITC putting ₹20k cr into capacity says a lot about how bullish they are on core India consumption.
In the article today, you mentioned the fine on Star Health was 339 Crore. But the government really doesn't care so much on consumer privacy and commission norms. The fine was a mere slap on the wrist Rs. 3.39 Cr. Not Rs. 339 Cr.
Source: Your own link: https://www.thehindu.com/business/irdai-imposes-339-cr-penalty-on-star-health-insurance/article69858449.ece
They can also file an appeal with SAT and get the amount reduced further or gone as mentioned in the article.