UPI Payment Charges Latest News: UPI Will Remain Free. Modi government does not consider any charges on UPI services

UPI Payment Charges Latest News: The government is not considering any charges on UPI services, the Finance Ministry clarified today. The Ministry said that the concerns of UPI service providers for cost recovery should be met through other means. He also noted that UPI is a digital public good with immense convenience for the public and productivity gains for the economy. “UPI is a digital public good with immense convenience to the public and productivity gains to the economy. There is no consideration for the government to charge any charges for UPI services. The concerns of service providers for recovery…

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State pension news: Widows and widowers in ‘financial shock’ after contributions disappear | United Kingdom | news

The old state pension system saw widows inherit everything, even if their husbands died before they could collect their pension. But reforms were introduced in 2016 that meant widows could no longer automatically inherit any state pension from their late husband or wife. Up to £145,000 in National Insurance contributions can be paid to reach the full State Pension in retirement, but these cannot be passed on if the person dies before the age of 66. Alison Wright, 66, from Fife in Scotland, was shocked to discover her husband’s 40 years of contributions were gone when she realized she would…

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Disgraced South Carolina attorney Alex Murdaugh faces new financial charges

Murdaugh was charged with four counts of obtaining signature or property by false pretense worth $10,000 or more; two counts of money laundering with a value of $20,000 – $100,000; one count of money laundering with a value of $100,000 or more; and two counts of computer crime with a value of more than $10,000, according to a Friday news release from South Carolina Attorney General Alan Wilson. CNN has reached out to Murdaugh’s attorney, Richard Harpootlian, for comment. A Harpootlian press representative told CNN in an email, “No comment at this time.” The latest indictments allege Murdaugh stole from…

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The head of the German central bank, Joachim Nagel, warns that inflation will reach a 70-year high

The head of the German central bank, Joachim Nagel, warns that inflation will reach a 70-year high

Germany’s central bank chief has warned that interest rates must continue to rise despite the risk of recession as inflation reaches double-digit levels for the first time since 1951. Bundesbank President Joachim Nagel told the Rheinische Post that the recent rise in energy prices caused by Russia’s pressure on gas supplies would likely push German inflation above 10% this autumn and keep it high next year “The inflation problem is not going away in 2023,” Nagel said. “Supply bottlenecks and geopolitical tensions are likely to continue. Meanwhile, Russia has dramatically reduced its gas supply and natural gas and electricity prices…

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Chip makers are caught in the crossfire of rising geopolitical tensions between the US and China

Chip makers are caught in the crossfire of rising geopolitical tensions between the US and China

Last December, South Korean semiconductor company Magnachip reluctantly announced the demise of its proposed $1.4 billion merger with Chinese private equity firm Wise Road Capital. Aside from its listing on the New York Stock Exchange and a nominal corporate presence in Delaware, Magnachip has no substantive operations – in manufacturing, research and development or sales – in the US. But that didn’t stop the Committee on Foreign Investment in the United States, a body originally created in the 1970s to oversee the purchase of strategic US assets by OPEC countries, from intervening in the merger. In a move that shocked…

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Disgraced South Carolina attorney Alex Murdaugh faces new financial charges

By Maria Cartaya and Christina Maxouris, CNN The South Carolina State Grand Jury issued new charges against the disgraced former attorney Alex Murdaughabout a month after he pleaded not guilty to murder charges in the killings of his wife and son. Murdaugh was charged with four counts of obtaining signature or property by false pretense worth $10,000 or more; two counts of money laundering with a value of $20,000 to $100,000; one count of money laundering with a value of $100,000 or more; and two counts of computer crime with a value of more than $10,000, according to a Friday…

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Here are Wall Street’s favorite stocks and where analysts think they’re going

Amid market volatility, there are a few names that stand out as winners, according to Wall Street analysts. The stock market, which had enjoyed recent gains this summer, took a turn last week. The S&P 500 snapped its four-week winning streak on Friday, as pundits debated whether or not the market’s recent rally was a bear market bounce. The index has risen 15% since the intraday low of June 17. When investing in this environment, it pays to focus on fundamentals, which analysts weigh when deciding whether to recommend a stock. What follows are companies that are highly valued by…

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Powell’s Jackson Hole speech comes with the Fed and the market on different pages

The Federal Reserve continues to tell the market that it is serious about conquering inflation, even if it means damage elsewhere. But the market still finds it difficult to take it seriously. So next week it will be up to the chairman of the Fed, Jerome Powell, to continue the case. The central bank leader will address his colleagues at 10 a.m. ET on Friday at the Fed’s annual symposium in Jackson Hole, Wyoming. This year’s focus at the Kansas City Fed-sponsored event will be “Reassessing Constraints on Economics and Politics.” Market participants will be looking for clear guidance on…

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