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The government is currently in talks with payment platforms to ensure that merchant fees do not get passed on to consumers. Starting from October fifteenth, officials will closely monitor this situation to protect consumers. They also reassured that merchants will not incur additional GST costs once the MDR is implemented. This initiative aims to support more domestic players in the market and encourage innovation. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/SFpwZWN >

The Federal Reserve has set a new target range by increasing its benchmark interest rate, marking its first hike since 2023. President Donald Trump has called for a substantial reduction in interest rates, advocating for lower borrowing costs given the country's robust credit status. However, officials have stated that ongoing inflation remains a significant factor driving this adjustment. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/t9P2SGu >

India's government has reduced export levies on petrol, diesel, and aviation fuel. The revised rates for these petroleum products took effect from September sixteenth. Export duty on petrol decreased by one rupee to zero point five rupees per litre. Diesel export levies were lowered by five rupees to twenty rupees per litre. These changes reflect a reversal of higher rates implemented earlier this month. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/uPAqs9M >

The US Federal Reserve's hike decision comes on the back of persistent inflation and a broader increase in global borrowing costs. Inflation has remained stubbornly elevated, while borrowing costs around the world have moved higher. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/UCjLEBh >

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