#FinancialNews Archives

New Convenience Fees on Google Pay: How It Affects Your Bill Payments

February 21, 2025February 21, 2025 Editor

Google Pay Introduces Convenience Fees for Bill Payments: What Users Need to Know By: Javid Amin Google Pay, one of India’s most popular Unified Payments Interface (UPI) platforms, has announced a convenience fee for certain bill payments, such as electricity, cooking gas, and other utility payments. This move signals a shift toward monetizing UPI-based transactions, as fintech companies struggle to cover processing costs and sustain long-term growth. For users who rely heavily on Google Pay for their everyday transactions, these new fees may raise concerns. How much will it cost?…

Rupee Hits All-Time Low of 87.94 Against US Dollar: Experts Warn of Further Decline

February 10, 2025 Editor

The rupee’s fall comes at a time when it has already become Asia’s worst-performing currency of the year and as the RBI tries to build up its forex reserves. The rupee plunged 44 paise to hit an all-time low of 87.94 against the US dollar in early trade on Monday. This comes at a time when the rupee has already become Asia’s worst-performing currency of the year after experiencing a series of record lows, according to a Bloomberg report which cited brokerage firm Nomura. Why did the rupee fall? The rupee’s…

J&K Bank Receives Rs 16,000 Crore GST Notice; Legal Action Underway

February 6, 2025 Editor

Jammu and Kashmir Bank receives GST notice of over Rs 16,000 crore Jammu and Kashmir Bank (J&K Bank) announced on Wednesday that it has received a Goods and Services Tax (GST) notice amounting to over Rs 16,000 crore. Of this, Rs 8,130.66 crore pertains to the GST demand, with an equal amount imposed as a penalty, issued by the joint commissioner of the central GST commissionerate in Jammu. The bank has stated that it has taken appropriate legal action in the matter, as it believes that it has a strong…

Rupee Hits All-Time Low of 87.29 Against USD as Trump Tariffs Spark Trade War Concerns

February 3, 2025 Editor

Rupee hits record low of 87.29 against US dollar in early trade as Trump tariffs stoke trade war fears; US President Donald Trump had slapped Canada and Mexico with 25% duties and China with a 10% duty The rupee fell by 67 paise to hit record low of 87.29 against the US dollar in early trade on Monday, February 3, 2025, a day after US President Donald Trump’s tariffs on Canada, Mexico and China that triggered fears of a broad trade war. At the interbank foreign exchange, the rupee opened…