RBI Governor Sanjay Malhotra announced that the central bank will continue encouraging payment innovations via “soft-touch” regulations, expand cross-border payment links (especially UPI), and boost digital adoption among the 40 percent of adults still offline.
SEBI plans to revamp short-selling rules by expanding eligibility to all stocks except T2T, scrapping certain disclosure requirements, and removing exchange-level penalties to streamline enforcement.
Banks have proposed reinstating merchant charges on UPI and RuPay transactions for larger merchants (annual turnover above ₹40 lakh). A tiered fee could apply, with smaller merchants staying exempt. This aims to cover processing costs and ensure payment providers’ viability as government subsidies decline.
