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The overall value of a transaction depends on several factors including the payment mode, transaction value, the applicable MDR (if any), and the value-back attached to the payment method. This becomes particularly relevant as UPI increasingly intersects with the credit card ecosystem through RuPay credit cards.
A woman joined an educational institution in Faizabad as an assistant teacher on August 16, 1992. She continued working there until March 31, 2019, when she retired. However, the institution declined to pay her gratuity, arguing that the prescribed retirement age was 60 and she had remained in service until she was 62.
A man had not filed an income tax return for assessment year 2016-17. The tax department subsequently completed a reassessment without his participation and, on February 15, 2024, assessed his total income at Rs 55.62 lakh. The amount was treated as unexplained cash deposits in a bank account that the department attributed to him.
In one such case, a woman and her family bought a 3BHK ( 3 Bedrooms, Hall, Kitchen) from a builder in Bengaluru for Rs 1.03 crore. The builder promised two specially enabled parking spaces, and it was supposedly one of the property's key attractions. The builder's brochure and terms clearly referred to these parking facilities. However, he failed to deliver on that commitment.
India and the US are finalizing their interim trade agreement framework, as circumstances have changed since February. Commerce Minister Piyush Goyal indicated that negotiations would consider recent shifts in the US tariff landscape. Trade talks are also progressing with other countries, including Canada and Mexico. Goyal emphasized the need for legal expertise in negotiating comparative advantage for Indian goods.