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Tag: Digital payments India

How Much Does India Spend to Make Coins and Notes?

How Much Does India Spend to Make Coins and Notes?

Coin Making Cost: An interesting economic contradiction in India’s currency system is highlighted by the fact that the common one-rupee coin that jangles in our pockets is worth significantly more than its face value. In everyday transactions, it is simple to take the currency for granted, but its manufacturing reveals a different picture. A 2018 […]

Govt Denies GST on UPI Transactions Over ₹2,000

Govt Denies GST on UPI Transactions Over ₹2,000

GST on UPI Transactions: Recently, some news reports suggested that the Indian government might start charging Goods and Services Tax (GST) on UPI payments above ₹2,000. These reports claimed that a tax of 18% could be applied to higher-value digital transactions to improve tax compliance. However, the Ministry of Finance has strongly denied these claims, […]

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