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#RBI to rationalise charges on debit card transactions

Mumbai, Dec 6 (PTI) The Reserve Bank today said it has decided to rationalise charges on debit card transactions based on category of merchants with a view to giving “further fillip” to digital payments.

In its ‘Statement on Developmental and Regulatory Policies’, released along with the resolution of Monetary Policy Committee (MPC), the RBI said that in recent times debit card transactions at ‘Point of Sales’ have shown significant growth.

“With a view to giving further fillip to acceptance of debit card payments for purchase of goods and services across a wider network of merchants, it has been decided to rationalise the framework for Merchant Discount Rate (MDR) applicable on debit card transactions based on the category of merchants,” it said.

MDR is the rate charged to a merchant by a bank for providing debit and credit card services.

An RBI draft report had made a case for restructuring MDR on the basis of merchant turnover rather than the present slab-rate based on transaction value.

According to the statement, a differentiated MDR for asset-light acceptance infrastructure and a cap on absolute amount of MDR per transaction will also be prescribed.

The revised MDR, RBI said, aims at achieving the twin objectives of increased usage of debit cards and ensuring sustainability of the business for the entities involved.

Reliance Jio vs Airtel 4G speeds in India: Newbie beats the leader with massive lead

Indian telcos are pitted against each other in an intense battle. From winning subscribers with attractive 4G and voice bundles to offering high-speed downloads and uploads, carriers have their hands full. Reliance Jio’s disruptive entry has done wonders in the industry from a consumer point of view, even though carriers

Sensex extends losses as RBI holds policy rate

Mumbai, Dec 6 (PTI) Market benchmark Sensex fell 218 points to quote at 32,584.66 in late afternoon trade today soon after the Reserve Bank kept the policy rate unchanged at 6 per cent but raised the inflation forecast.

The six-member Monetary Policy Committee (MPC), headed by Reserve Bank of India Governor Urjit Patel, in its bi-monthly monetary policy review kept repo rate unchanged at 6 per cent and reverse repo at 5.75 per cent.

The Sensex, which had lost 100 points in early trade, continued its slide and fell 217.78 points, or 0.66 per cent, to 32,584.66.

The gauge had lost 67.28 points in the previous session.

Similarly, the NSE Nifty was trading lower by 78.70 points, or 0.77 per cent, at 10,039.55.

Interest-sensitive stocks took a beating, dragging the BSE banking index down by 0.49 per cent. SBI, ICICI Bank, Axis Bank, HDFC Bank, Bank of Baroda and Yes Bank fell by up to 1.44 per cent.

फोन पर हुई थी दोस्ती, सिनेमा हॉल में बुलाकर बालकनी में किया गैंगरेप

मेरठ: उत्तर प्रदेश के मेरठ जिले के थाना मंवाना क्षेत्र में 16 वर्षीय लड़की के साथ दो युवकों द्वारा सिनेमा हॉल की बालकनी में गैंगरेप किए जाने की घटना सामने आई है. पुलिस ने दोनों आरोपी युवकों को गिरफ्तार कर जेल भेज दिया है. पुलिस अधीक्षक ग्रामीण राजेश कुमार ने पीड़िता की तहरीर के आधार पर आज बताया कि हस्तिनापुर क्षेत्र की एक किशोरी का दो महीने पूर्व मिस कॉल के जरिए एक युवक से परिचय हुआ.

उस युवक ने शॉपिंग के बहाने लड़की को मवाना बुलाया. शॉपिंग के बाद युवक उसे एक सिनेमा हॉल ले गया जहां उसका साथी पहले से ही मौजूद था. आरोप है कि फिल्म शुरू होने से पहले ही दोनों युवक किशोरी को बालकनी में ले गए और उसके साथ रेप किया. शिकायत के अनुसार घटना को अंजाम देने के बाद आरोपी किशोरी को बाइक पर बैठाकर मुजफ्फरनगर ले गए.

 मुजफ्फरनगर बस स्टैंड के पास किशोरी ने पुलिस को सूचना दी. पुलिस अधीक्षक ने बताया कि पूछताछ में आरोपी और पीड़िता के अलग-अलग समुदाय से ताल्लुक रखने की बात सामने आई है. पुलिस ने किशोरी का मेडिकल करा कर आरोपियों को गिरफ्तार कर आज जेल भेज दिया. आरोपियों की बाइक भी बरामद कर ली गई है.

East Delhi Municipal Corporation filed an application seeking relief against all the land owning agencies

East Delhi Municipal Corporation filed an application seeking relief against all the land owning agencies to restrain themselves from developing, alienating any of their land till the issue of landfill site is resolved. NGT issued a notice and asked all stakeholders to respond.