Not just lungs, toxic air to hurt wallets tooHigher premiums will likely apply to Delhi residents seeking fresh policies. Insurance industry professionals said there has been an increase in claims from Delhi residents and costs of settlements have also risen. Capital residents who are deemed high risk given air pollution levels will likely pay the highest premiums.
Retail Payments to be first cohort for testing under RBI sandboxThis first round of experimentation, which is likely to commence in the first half of 2020, would entail the regulators along with the shortlisted companies working towards creating ' frictionless' solutions in the field of feature phone, contactless and online based payment services.
NPCI slashes MDR for debit cardsAs per the latest notification, MDR has been revised to 0.60% for transaction above Rs. 2,000 with a maximum cap of Rs 150 per transaction. Presently, this is capped at 0.90% for transaction above Rs. 2,000 with higher cap of Rs 1,000 per transaction.
MDR boost for merchants using UPIThis move is expected to encourage small grocery stores, chemists and kirana stores across the country to set up basic acceptance infrastructure such as QR code to receive payments made through UPI.