Descriptive Prep: Brajesh Mohan

RBI Grade A Notification 2026 Expected with 60 Vacancies. Source: Akash Jadhav Sir His information has been genuine and reliable over the years, so you can consider the RBI Grade A 2026 notification to be around the corner. As this examination would be conducted for the first time after a long gap, you should prepare along the lines of the RBI Grade B syllabus. One more thing to keep in mind is that when an examination is conducted for the first time, it often benefits candidates who are already prepared and ready to take the exam. Therefore, instead of waiting for the official notification, it would be better to start preparing now.

UPI Fee Debate: MDR, Costs and Free Payments, Why UPI Charges May Be Needed? The Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026 recently, opening the door for banks and payment system providers to charge fees on UPI and RuPay debit card transactions. This sparked fears that merchants would pass the cost on to consumers. Responding to the controversy, the #FinanceMinistry “categorically” clarified that UPI will remain free for citizens, with only a nominal fee possibly applying to certain merchants. About Merchant Discount Rate (MDR) Merchant Discount Rate (MDR) is a fee merchants pay banks and payment processors for using their networks. It has four components: → Interchange fee: paid to the card-issuing bank → Processing charges: paid to payment gateways (RazorPay, PayU, CCAvenue, etc.) → Network fee: paid to payment networks (Visa, Mastercard, NPCI) → Tax: GST paid to the government Since 1st Jan 2020, the government has mandated zero MDR on UPI and RuPay debit card transactions. Other payment modes, however, do attract MDR: → 0.4-0.9% on non-RuPay debit cards, → 1.5-2.2% on domestic credit cards, → 1-1.5% on net banking, and → 3-4.5% on international credit cards. For millions of Indians, UPI has become synonymous with instant and free digital payments. But behind every QR-code scan and bank transfer lies an ecosystem of banks, payment service providers, fintech companies and technology infrastructure that has to be continuously funded. Even the RBI Governor Sanjay Malhotra made this point after the August monetary policy meeting. He argued that the cost is already being borne somewhere, often through the wider economy rather than as a visible charge on the person paying. His view is that a user-pays model, where those who use a service fund it, is one honest way to make that cost transparent instead of hiding it in the Budget. The counter-view says UPI is now a public utility, like a road or a bridge, and public utilities are often funded by the state on purpose because the wider gains, in this case less cash, more tax visibility and faster commerce, are worth the public spending. On this reading, the subsidy is not a leak to be plugged but a deliberate investment. Who Pays for UPI Today? Currently Banks and payment processors absorb part of the cost and Taxpayers bear the rest through government subsidy. Under the ‘Incentive Scheme for Promotion of Low-Value BHIM-UPI Transactions (P2M)’, launched in December 2021, the government subsidizes UPI transactions below ₹2,000. This subsidy is capped at 0.15% of transaction value and shared among banks, payment service providers, and third-party apps. Read My Article: UPI Fee Debate Explained: What the New MDR Law Actually Changes, and Who Might Pay. https://www.brajeshmohan.in/2026/08/upi-fee-debate-explained-what-new-mdr.html

RBI Grade B Interview: RBI Functions, FAQs, Initiative, Prudential Norms for SCB, UCB, NBFC Glossary As I have been working on RBI Booklet covering above Areas, Today I have built Online Glossary of Terms which could help revise these topics Quickly. Online version is only for Revision, the Booklet would have detailed explanation on everything. https://www.affairstap.com/p/rbi-functions-faqs-initiative.html Note: Its First version, going forward more details would be added in any Section Required.

Building Trusted capital Market for the AI Era: Ram Manohar Rao, ED, SEBI

National Handloom Day 2026: Celebrating Weavers | NABARD Grade A https://www.affairstap.com/2026/08/national-handloom-day-2026-celebrating.html Q. Discuss about Handloom Sector in India, Its Key Features, Socio-economic Significance and Structural Challenges Plaguing the Growth of this Sector in India. (600 Words, 15 Marks)

If someone had read Manthan Bi-Monthly Explainer Magazine well he/she could have answered all the current issues based Topics confidently.

Today I was analyzing this Year's RBI Phase II Paper and few Questions which surprised some were Covered in Detail in Manthan Magazine. FM 15 Marks Q. Discuss the role of the International Financial Services Centres Authority (IFSCA) in developing India as a global financial hub. ESI 10 Marks Q. (a) Stable Coin and its features and mature security challenges. ESI 10 Marks Q. Orange Economy ESI 10 Marks Q. VB-GRAM-G Scheme ESI 15 Marks Q. National Strategy for Financial Inclusion (NSFI) 2025-30 In fact other Questions on Current Updates like UCB Mission Shakti, India's demographic dividend, Women in Agriculture everything has been covered in detail multiple times in Our Magazines.

Today I was analyzing this Year's RBI Phase II Paper and few Questions which surprised some were Covered in Detail in Manthan Magazine. FM 15 Marks Q. Discuss the role of the International Financial Services Centres Authority (IFSCA) in developing India as a global financial hub. ESI 10 Marks Q. (a) Stable Coin and its features and mature security challenges. ESI 10 Marks Q. Orange Economy ESI 10 Marks Q. VB-GRAM-G Scheme ESI 15 Marks Q. National Strategy for Financial Inclusion (NSFI) 2025-30 In fact other Questions on Current Updates like UCB Mission Shakti, India's demographic dividend, Women in Agriculture everything has been covered in detail multiple times in Our Magazines.

Can banks lock your phone for loan default? What RBI’s new rules say 🔍 🧑‍💻 RUNDOWN AI 📆August 7, 2026 at 11:07AM

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✅ NABARD Grade A 2026 Mentorship Program by Brajesh Mohan Enroll Here: https://courses.edugrade.in/learn/NABARD-Grade-A-Mentorship-Course-BM or, ❇️NABARD Grade A 2026 Test Series and Magazine Course @ Rs. 1999/- Enroll Here: https://courses.edugrade.in/learn/NABARD-Grade-A-Mock-Test-BM We are running our NABARD Grade A 2026 program with a daily/weekly plan, along with live tests every week covering both objective and descriptive sections.

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Why $49 billion in foreign inflows, led by FCNR(B) deposits, haven’t lifted the rupee 🔍 🧑‍💻 RUNDOWN AI 📆August 3, 2026 at 08:56AM

Recently there was News of High Attrition rate in ISRO and Govt put limit on People quitting due to impact on Crucial Project. This Article Finally talk about the root cause. The Growth of Start Ups and Salary offered by them is many times higher than what ISRO pays.

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India’s industrial production index saw strong growth, but it hides weak consumer demand 🔍 🧑‍💻 RUNDOWN AI 📆July 31, 2026 at 07:21PM