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by AIP Online Bureau | Aug 4, 2026 | Workplace/Employee Benefits

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by AIP Online Bureau | Aug 4, 2026 | Workplace/Employee Benefits

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Govt paves way for return of merchant fees on digital payments

Govt paves way for return of merchant fees on digital payments

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, Indian News, Regulation, Technology

An amendment to ​India’s Payment and Settlement Systems Act, tabled in parliament by Finance Minister Nirmala Sitharaman, would allow the introduction of ​a merchant discount rate (MDR) on digital payments, according to industry and regulatory sources. NEW...
Projectile sinks Indian ship near Yemeni waters but all seafarers safe: Govt

Projectile sinks Indian ship near Yemeni waters but all seafarers safe: Govt

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, International News

The commercial vessel, MSV Faize Noore Oliya, sank in the Red Sea off the coast of ​Yemen on August 4, India’s Foreign Ministry ​said, adding that it is coordinating with the ‌Yemeni ⁠authorities over this incident. A projectile struck an Indian-flagged vessel...
LIC Offer For Sale gets 3.32 times institutional demand; government to exercise green shoe option

LIC Offer For Sale gets 3.32 times institutional demand; government to exercise green shoe option

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, Indian News, Life, Wealth Management/ Philanthropy

“Offer for Sale in LIC received an overwhelming response from the institutional investors and was over-subscribed 3.32 times of its base size. This enthusiastic participation reflects robust investor confidence and the depth of India’s capital markets. In...
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