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    September 15, 2026
    Introduction of MDR on large value transactions to strengthen UPI's long-term sustainability: RBI
    September 15, 2026
    Odisha to get Rs 3,406-cr silicon carbide semiconductor project
    September 15, 2026
    India's exports jump over 26 pc in August; trade gap shrinks to five-month low
    September 15, 2026
    Rupee extends losses for 6th session; ends 34 paise weaker at 95.88 against US dollar
    September 15, 2026
    After six free years, govt sets 0.4% fee on UPI payments above Rs 2,000, capped at Rs 300
    September 15, 2026
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    September 15, 2026
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    September 15, 2026
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    September 15, 2026
    Global Fintech Awards 2026 Celebrate Trailblazers Shaping the Future of Finance
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    September 15, 2026
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September 15, 2026
Introduction of MDR on large value transactions to strengthen UPI's long-term sustainability: RBI
Show AI Summary
Merchant discount rate on large-value UPI merchant payments supports infrastructure investment while preserving free user payments.
Merchant Discount Rate (MDR) of 0.4 per cent applies to large-value UPI person-to-merchant payments exceeding Rs 2,000 from October 15. MDR is a merchant payment ecosystem charge, not a fee payable by customers. Person-to-person UPI payments remain free for users, while person-to-merchant UPI payments below Rs 2,000 remain free for merchants. MDR distribution is intended to support payment technology, infrastructure, acceptance networks and sustained UPI growth.
September 15, 2026
Odisha to get Rs 3,406-cr silicon carbide semiconductor project
Show AI Summary
Special economic zone approval enables a silicon carbide semiconductor facility operating under an export-oriented technology investment framework.
Approval for a special economic zone-linked silicon carbide semiconductor manufacturing unit permits establishment of a facility under the jurisdiction of Falta Special Economic Zone. The unit is proposed to manufacture silicon carbide diodes and silicon carbide MOSFETs. Project financing combines government capital subsidies and promoter contribution, while the facility is projected to support export-oriented advanced semiconductor manufacturing, domestic capabilities, and technology-driven capital investment.
September 15, 2026
India's exports jump over 26 pc in August; trade gap shrinks to five-month low
Show AI Summary
Merchandise trade performance reflects strong export momentum, import-led deficit pressures, and expanded services trade during August.
Merchandise exports increased by 26.12 per cent year-on-year to USD 43.81 billion in August, led by electronics, engineering goods and petroleum products. Merchandise imports rose 14.1 per cent to USD 70.76 billion, driven by crude oil, project goods, electronic items, silver, coal and coke. Gold imports declined substantially, contributing to a five-month low merchandise trade deficit. During April-August 2026-27, higher imports reflected domestic economic expansion, energy requirements and manufacturing-sector input needs.
September 15, 2026
Rupee extends losses for 6th session; ends 34 paise weaker at 95.88 against US dollar
Show AI Summary
Foreign exchange market pressures weakened the rupee as oil-import demand, risk aversion, dollar strength, and rising yields intensified.
Foreign exchange market pressures led to a sixth consecutive session of rupee depreciation against the US dollar. Higher Brent crude prices, dollar demand from oil importers, risk aversion, a stronger dollar and elevated global Treasury yields heightened concerns over inflation and India's external trade balance. Potential RBI intervention was viewed as a factor that could support the rupee at lower levels.
September 15, 2026
After six free years, govt sets 0.4% fee on UPI payments above Rs 2,000, capped at Rs 300
Show AI Summary
Merchant discount rates for larger merchant UPI payments introduce category-based fees while preserving free consumer transfers.
Merchant discount rate framework introduces a 0.4 per cent charge on direct person-to-merchant UPI payments exceeding Rs 2,000, effective from 15 October 2026. The charge is capped at Rs 300 for higher-value payments and is payable by merchants to acquiring banks. Person-to-person transfers remain free regardless of value, and P2M payments up to Rs 2,000 remain outside the charge. App providers may not impose platform fees or hidden charges, and banks must prevent merchants from passing MDR costs to customers.
September 15, 2026
ED chief orders action against IBC frauds, large haircuts to promoters
Show AI Summary
Insolvency fraud enforcement targets collusive resolutions, coordinated predicate-offence investigations, accelerated money-laundering trials, and earlier victim asset restoration.
Enforcement priorities target suspected insolvency-resolution frauds involving collusive large haircuts, promoter reacquisition of assets, related-party claim inflation, creditor-process manipulation, asset stripping, and circumvention of resolution-applicant ineligibility. Coordination with police and other agencies is emphasised for predicate offences, including joint investigation teams and committal applications to enable combined trials of predicate and money-laundering offences. Asset restoration for legitimate victims is to be pursued early, especially in investor and homebuyer frauds.
September 15, 2026
JCB India eyes 15-20 pc export growth in FY27: MD Deepak Shetty
Show AI Summary
Export expansion and domestic manufacturing guide JCB India's strategy through broader equipment offerings, fuel efficiency, and operator comfort.
JCB India targets 15-20 per cent export growth during the current financial year and plans a similar increase in annual production. Its export operations cover approximately 135 countries, including Southeast Asia, Africa and developed markets. The company's construction and earthmoving equipment portfolio is designed, engineered and manufactured in India for domestic and international customers, with product development focused on fuel efficiency, operator ergonomics, comfort and productivity.
September 15, 2026
India's exports rise 26.12 pc in August; trade deficit narrows to USD 26.86 bn
Show AI Summary
Merchandise export growth driven by petroleum products coincided with lower gold imports and a narrowing trade deficit.
Merchandise exports increased sharply in August, led by petroleum product shipments, while imports also rose year-on-year. Reduced gold imports contributed to a narrower merchandise trade deficit. During the first five months of the fiscal year, the cumulative deficit widened as higher imports reflected domestic expansion, energy requirements and manufacturing-input demand. Energy commodities and electronic goods were principal contributors to the deficit, while export growth was supported by engineering goods, petroleum products, chemicals and textiles.
September 15, 2026
CBI Arrests CGST Superintendent and a Consultant in Bribery Case
Show AI Summary
Bribery allegations in CGST redevelopment approvals lead to arrests following a trap involving an intermediary consultant.
Bribery allegations concerning CGST redevelopment approvals led to registration of a case against a CGST Superintendent and unknown persons. The Superintendent allegedly sought undue advantage for issuing a no-objection certificate and handing over CGST-owned flats. Following verification, a trap was laid after the complainant was allegedly directed to deliver cash to a CGST consultant. Both the Superintendent and consultant were arrested, produced before the competent court, and placed in police custody. Further investigation remains in progress.
September 15, 2026
Global Fintech Awards 2026 Celebrate Trailblazers Shaping the Future of Finance
Show AI Summary
Financial technology innovation receives recognition across banking, payments, lending, insurance, wealth management, cybersecurity and digital trust.
Global Fintech Awards 2026 recognised financial-technology innovation across banking, fintech, artificial intelligence, digital trust and identity, payments, lending, insurance, wealth management and cybersecurity. Its theme emphasised trusted, connected and inclusive financial systems, identifying Agentic AI, tokenisation and quantum technologies as areas of transformation. AI-powered financial innovation recognition covered AI applications in payments, banking, lending, insurance, and asset or wealth management.
September 15, 2026
IIFL Finance Becomes First Non-PSU NBFC to Execute ₹25 Crores Tokenised Bond Transaction
Show AI Summary
Tokenised corporate bonds under the regulatory sandbox enable blockchain-based issuance and settlement experimentation for non-banking finance companies.
IIFL Finance completed a tokenised bond transaction under the SEBI Regulatory Sandbox framework for securities tokenisation. The transaction used the Metropolitan Stock Exchange of India bidding platform, with Trust Investment Advisors Private Limited as sole arranger and advisor, and the bonds are intended to be listed on the National Stock Exchange of India. Securities tokenisation digitally represents securities through blockchain and distributed ledger technology to support more efficient, transparent and faster debt-market processes.
September 15, 2026
DICV Expands Regional Role as India Anchors New ISEAA Customer Region
Show AI Summary
Commercial-vehicle safety readiness and connected fleet support underpin expanded regional operations, automated transmission adoption, and localized manufacturing investment.
BharatBenz's product transformation is directed toward safer, more productive and efficient commercial transport. The truck and bus portfolio is being prepared with Advanced Driver Assistance Systems calibrated to Indian operating conditions in advance of evolving safety requirements. Automated Manual Transmission technology is being expanded to improve driver comfort, reduce fatigue, support fleet safety and efficiency, and lower total cost of ownership. Customer support combines connected fleet technology, service assurance, parts availability and service-network expansion.
September 15, 2026
India, New Zealand trade pact may come into force from later half of October: Comm Secy
Show AI Summary
Duty-free market access under the India-New Zealand free trade agreement is expected to support goods, services, and investment ties.
India-New Zealand Free Trade Agreement is expected to enter into force in the latter half of October 2026, subject to both parties completing operationalisation processes and procedures. The agreement grants duty-free access to New Zealand for 100 per cent of Indian exports, replacing existing peak tariffs on key Indian products. It is intended to expand bilateral trade in goods and services, promote investment, and includes New Zealand's investment commitment in India.
September 15, 2026
All eyes on Sep 17 Tata Sons board meeting as listing, succession issues in focus
Show AI Summary
NBFC registration surrender denial places listing, chairman continuity, and trust nomination deadlock at the centre of governance deliberations.
RBI's rejection of Tata Sons' application to surrender its NBFC registration retains the company within the regulatory framework associated with a stock-exchange listing requirement. A prospective listing would entail regular disclosure obligations, greater scrutiny of finances, capital allocation and investments, and increased public shareholder expectations. The listing issue intersects with chairman continuity and succession, while proceedings restraining the Sir Ratan Tata Trust from holding meetings may impede joint trustee nominations required to constitute the chairman selection committee.
September 15, 2026
India, China start discussions on trade concerns; expected to hold more meetings going forward
Show AI Summary
Bilateral trade engagement addresses structural imbalances, supply chain concerns, and investment restrictions through continued ministerial discussions.
India and China have commenced bilateral trade engagement to identify positions on trade-related concerns and pursue further meetings. Discussions are directed at structural trade imbalances, supply-chain issues, and trust in commercial relations. India's widening trade deficit with China is identified as a principal concern, while investment issues remain relevant because India has tightened its foreign direct investment policy for countries sharing land borders with it. Engagement is intended to explore approaches to more balanced commercial relations and supply-chain resilience.
September 15, 2026
Bank of India unveils 12 digital banking initiatives at Global FinTech Fest 2026
Show AI Summary
Programmable digital currency and interoperable payment tools expand secure, purpose-bound banking services through integrated mobile and self-service platforms.
Bank of India introduced integrated digital-banking capabilities covering UPI mandate management, transaction replay, contactless UPI payments, interoperable ticketing and bulk IMPS payments. Programmable Central Bank Digital Currency enables tokens to carry merchant, geographic, expiry and acceptance conditions, with real-time compliance checks for purpose-bound transfers. Additional measures include a self-service cash recycler proof of concept, automated compliance management, a fintech proposal portal, in-branch customer-engagement tools and voice-enabled conversational banking.
September 15, 2026
SC asks Delhi Gymkhana Club members to raise management takeover concerns before HC
Show AI Summary
Government takeover challenge enables members to contest lease resumption, eviction proceedings, and unelected club management through constitutional property-rights claims.
Eleven Delhi Gymkhana Club members challenge the Central Government's lease resumption and proposed eviction proceedings, alleging a colourable exercise of power and violation of constitutional property protections. They contend that no specific public-purpose project, supporting material, compensation or defence endorsement was disclosed. The dispute also concerns government-nominated management following supersession of the elected committee, delayed restoration of elected control, and an alleged conflict arising from governmental influence over both the lessor and the Club's management. Retrospective ground-rent revision is challenged separately.
September 15, 2026
Rupee slumps 38 paise to close at 95.92 against US dollar
Show AI Summary
Rupee depreciation reflects oil-price pressures, strong dollar demand, weak domestic markets and global risk-off sentiment.
Rupee depreciation against the US dollar was attributed to higher crude oil prices, increased dollar demand from oil importers, weak domestic equity markets, a stronger US dollar and concerns over rising global treasury yields. Higher oil-import payments raised inflation and external trade-balance concerns. Market expectations indicated continued pressure amid global risk-off conditions, although central bank intervention could support the rupee at lower exchange-rate levels.
September 15, 2026
DBS Bank India expands DBS MAX to simplify multi-gateway digital payment collections for businesses
Show AI Summary
Multi-gateway digital payment collections streamline merchant routing, reconciliation, tokenisation and performance visibility through a single integration.
DBS MAX enables businesses to access multiple payment aggregators through a single integration, reducing the effort required for separate gateway connections or changes between supported aggregators. The platform supports merchant-defined intelligent routing and provides consolidated visibility across payment gateways and methods for transaction success rates, refunds and reconciliation. Gateway-agnostic card tokenisation supports movement between supported gateways, while the combined functionality is intended to improve payment resilience, optimise transaction flows and strengthen control over digital-payment collections.
September 15, 2026
Natixis strengthens coordination between its Portugal and India Expertise Centers under Etienne Huret's leadership
Show AI Summary
Cross-border expertise-center coordination places international teams under common leadership to promote shared standards, continuity, mobility and career development.
Natixis has placed its Portugal and India Expertise Centers under common leadership to strengthen coordination, collaboration, knowledge sharing and consistent working methods across locations. Teams are to work through shared platforms and standards, supporting business continuity across geographies and time zones. The model also promotes talent mobility and international career development while supporting global operational needs and recognising each market's circumstances.

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Complaints Regarding Sanction of Education Loan.

September 5, 2012

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Press Information Bureau

Government of India

Ministry of Finance

05-September-2012 18:16 IST

Complaints Regarding Sanction of Education Loan

Public Sector Banks received 5199 complaints in education loans, including those of delay in sanction of educational loans, during 2011-12, out of which 5190 were disposed of and 9 were pending. Complaints regarding educational loans, as and when received by the concerned banks, are taken up for corrective measures.

Model Educational Loan Scheme of Indian Banks’ Association (IBA) provides that applications for educational loans received by the banks are disposed off, in the normal course, within a period of 15 days to 1 month.

This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today.

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