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Finance Ministry defers national rollout of UPI Merchant Discount Rate to 2027

Authorities confirmed that zero merchant transaction fees will remain intact for retail Unified Payments Interface transfers.

The central corpus will provide targeted equity financing to accelerate capacity expansion in regional industrial manufacturing.

International oil benchmarks climbed sharply as geopolitical risks threatened shipping routes near the Strait of Hormuz.

In its monetary policy review, the central bank implemented its first interest rate hike since 2023 to tame persistent inflation.

The 57th GST Council meeting introduced landmark business reforms, moving rate restructuring cycles to an annual timetable.

Prohibitory regulations were enforced across the capital to restrict public gatherings and maintain law and order.

The state cabinet approved extensive infrastructure allocations to revamp drainage, transport, and pilgrimage corridors in Puri.

The central government notified nominations under Sections 5 and 6 of the PCI Act to address longstanding vacancies.

A 53.4% monsoon deficit prompted the state administration to notify 388 mandals as drought-impacted for relief disbursements.

The anniversary was celebrated with air displays centered around the operational theme ‘Infallible, Impervious and Precise’.