No extra charges on transactions made via cards at petrol pumps
10 January, 2017, 00:59 | Author: Elaine Woods
There are few reasons why there isn't an easy solution to this current problem popping up at roadside petrol pumps. "The issue will be resolved", Pradhan said here outside Parliament. The agreement between the bank and the merchant has a clause that does not allow the merchant to pass on the charge. As of now, the protest against the new transaction charges by banks has been delayed until January 13.
Petroleum dealers have said that banks such as SBI, HDFC, and Axis have communicated to fuel station owners about surcharges, and hence petrol stations stopped accepting cards.
The move by petrol pump owners will also impact the government's big push towards going cashless.
Before the government scrapped Rs 500 and Rs 1000 on November 8, customers paid a transaction fee along with a surcharge on it for buying fuel with debit or credit card.
"Government will ensure implementation of that decision", he said.
NVIDIA Partners With Audi, Promises Self-Driving Car By 2020
Nvidia showcased the latest Tomb Raider game on a Mac for instance during the event; the game is not yet available for Macs. Nvidia announced tonight at their CES keynote that they're bringing their cloud-based gaming service, GeForce Now, to PCs.
Serena shakes out rust to advance in Auckland
Venus was scheduled to make her first appearance later Tuesday against New Zealand wild card Jade Lewis. SERENA WILLIAMS defeated Pauline Parmentier with a 6-3, 6-4 win in the first round of the ASB Classic.
Are charges on card payments the only problem at petrol pumps? Unfortunately, the circular does not make any reference to credit card charges or about the extra burden being passed onto the customer.
Bansal said that hey could not bear the additional charges levied by the banks. This decision was taken after a 1 percent transaction fee was applicable on card payments, which has to be borne by petrol pump owners. "The government will not bear the MDR cost". People were surprised when bunks announced that there would be no more card payments. "All these have their own share in the MDR charges".
"We have resolved this issue".
Pradhan said that there will be no additional levy on digital transaction at petrol stations even after Jan 13. "0.75 per cent cash back incentive that we have given to customers will also continue". Following the government's intervention, banks have chose to defer the decision to apply MDR tillJanuary 13. Bargaining and negotiations are going on.
In any case, Cook now will get the benefit of a full week of practice reps, the lack of which made it tough for him on Sunday. He was asked if he expects to see a different player than he did when Oakland beat the Texans in Mexico City on November 21.
According to a Times Now report, an AK 47 rifle has been recovered even as search operations continue. This comes less than a week after a similar encounter took place in Jammu and Kashmir's Bandipora.
In October past year , Softbank announced that it would create the $100bn Vision Fund to invest in the technology sector globally. The fund is the world's largest initiative for tech development in the world with an expected goal of $100 billion.
MK says that the Samsung affiliate will supply 65% of Samsung's battery needs for premium smartphones this year. Most of the details you see here can be connected to insider tips, rumors, and or obvious generational upgrades.
Recently, the government chose to present the Budget on 1 February instead of the last day of the February. This year's budget session will be the first after the merger of Railway Budget and the Union Budget.
President Akufo-Addo while addressing the gathering urged citizens to be active partakers in the running of the country. The election and transitions seals a rare peaceful transfer of power in a region plagued by political crises.
If I were a Browns fan, I would be praying for Williams to turn that job down so that Wade Phillips is hired. That said, it's not a given he's going to leave Denver, nor is it a given Williams is out in Los Angeles.
Some store employees will be eligible for severance packages and could find positions at other locations. Sears is the second anchor the Snyder County mall will lose in two years, following the closure of J.C.
Apple CEO Tim Cook gets pay cut after missing 2016 goals
Expert analysts are saying that the disappointment of iPhone 7 users might have resulted in the decline of sales figure of Apple . Cook has an additional 3.5 million shares that haven't vested with a value of about $413 million, based on Friday's share price.
Australia romp to victory over Pakistan for series sweep
Misbah-ul-Haq has been Pakistan's most successful Test captain with 24 victories from 53 matches, losing 18 and drawing 11. Sadly for him and Pakistan , nobody in the second innings showed any resistance and got out cheaply.
LBA Sells 51512 Shares of Kohl's Corporation (KSS)
Finally, Highbridge Capital Management LLC bought a new stake in Kohl's Corporation during the second quarter worth $7,713,000. L P now owns 8,202 shares of the company's stock worth $382,000 after buying an additional 1,273 shares during the period.
Macy's to cut 10000 jobs amid store closures
A total of 68 stores out of 730 across the country will close in this round, causing about 6,200 jobs to be pared nationally. Because of the store shutdowns, Macy's said it expects 2017 sales to see a negative impact of $575 million.
More than 1000 migrants storm border at Spain's Ceuta
Dozens of the migrants made it to the top of the fence, but they were removed - back to the Moroccan side - by cranes. In early December more than 400 sub-Saharan African migrants managed to force their way over the Ceuta border fence.
Featured Stock: J. C. Penney Company, Inc. (NYSE:JCP)
The most optimistic analyst sees the stock reaching $ 16.00 while the most conventional predicts the target price at $ 7.00. The company rocked its 52-Week High of $11.99 on Mar 8, 2016 and touched its 52-Week Low of $6 on Jan 20, 2016.