Tag
#Banking Reforms
Daily Important
EconomyPrelims + Mains
Why Are Bank Unions Going on Strike?
The union for banks has issued a countrywide strike that demands a banking week of five days, revision of the Performance Linked Incentive policy and the negotiation of unresolved matters. The strike highlights the conflict between collective bargaining and the power of the government in determining bank holidays. It could cause disruptions in branch operations, particularly in rural settings.
28 Sept 2026 3 min
Daily Important
EconomyPrelims + Mains
Lok Sabha Passes Bill Allowing Banks to Levy Charges on UPI
The Taxation and Other Laws (Amendment) Bill 2026 would help the government tweak the zero-MDR regime applicable on the Unified Payments Interface (UPI) and RuPay without having to introduce charges immediately. The move is an attempt to bring more flexibility into the system in light of India-US trade worries.
7 Aug 2026 5 min