President Gives Green Light to Fun Tax and Payment Changes

Finance

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President Gives Green Light to Fun Tax and Payment Changes

President Droupadi Murmu just gave a big thumbs-up to the Taxation and Other Laws (Amendment) Act, 2026, and a shiny update to the Payment and Settlement Systems Act! These new rules, passed on August 10, aim to make India a foreign investment paradise and keep UPI payments free for everyone until 2040-41. Local electronics makers are ready to shine!