Unified Payments Interface (UPI) transactions in India reached a record high in March, driven by increased adoption and global expansion. The system now accounts for 85% of digital transactions in India and is live in eight countries.
Unified Payments Interface (UPI) transactions in India reached a record high in March, with 22.64 billion transactions, marking a significant increase from the previous year and highlighting the growing adoption of digital payments.
'We are profoundly energy-dependent on the Gulf. That dependency must now be redirected towards the United States, because we require American permission to procure oil.' 'We additionally require Iranian permission to acquire oil from that source. So India now has to seek two separate permissions merely to secure its energy supply.' 'Should we be compelled to source from America, or from Venezuela -- which is, in effect, American-controlled supply -- that will inevitably carry a price premium, an elevated shipping cost, and a considerably extended delivery timeline, given the distances involved.'
"It is quite possible that the rates will remain low in the near to medium term, but that will depend on how conditions evolve," said RBI Governor Sanjay Malhotra.
Sri Lankan President Anura Kumara Dissanayake has announced an economic relief package to mitigate the impact of the West Asia conflict, including fuel price reductions and support from India for petrol and diesel supplies.
Eid al-Fitr was celebrated across India with prayers for peace and brotherhood, alongside protests condemning US-Israel actions in West Asia.
India's handling of the Iran crisis reflects a growing strain between strategic autonomy and geopolitical alignment, observes Ambassador M K Bhadrakumar.
Delhi Police arrested 27 individuals across 11 states for involvement in cyber fraud cases exceeding Rs 1.5 crore, uncovering a network engaged in various scams including investment fraud and social media impersonation.
India is set to host its first-ever National Indoor Athletics Championship in Bhubaneswar, marking a significant step towards hosting the World Indoor Athletics Championships in 2028. The event will feature a 200m track and various field events, providing a novel experience for Indian athletes.
India's women's hockey team is preparing for the World Cup and Asian Games with a mix of overseas tours, competitive exposure, and national camps, according to chief coach Sjoerd Marijne.
India has launched its first integrated phygital service centre in Umri village, Madhya Pradesh, aiming to provide online services and boost rural development through digital connectivity and various essential services.
From the 30-Sensex firms, Tata Steel, Asian Paints, Trent, State Bank of India, Hindustan Unilever, UltraTech Cement, ICICI Bank and Bharti Airtel were among the gainers. On the other hand, Infosys, Bajaj Finance, Bharat Electronics, Larsen & Toubro and HDFC Bank were the laggards.
LIC offices will remain open during normal working hours on Tuesday for customer convenience, following an advisory from Irdai. CoinDCX commits to invest in cybersecurity infrastructure, and PayNearby introduces UPI QR-based cash withdrawals.
'India cannot speak of a demographic dividend if half its young women are unable to participate in paid work.'
Kerala is set to hold its Assembly election, with the ruling LDF aiming for a historic third term, the UDF seeking a comeback, and the NDA striving to gain a foothold in the state's political landscape.
Union Home Minister Amit Shah sharpened the BJP's campaign for the West Bengal assembly polls, releasing a 'charge sheet' against the TMC government and framing the election as a battle for the country's security.
The Congress party has criticised Prime Minister Narendra Modi's diplomatic efforts following the ceasefire agreement between the US and Iran, facilitated in part by Pakistan. The party claims this development undermines Modi's strategy and exposes his perceived failures in foreign policy.
The Reserve Bank of India (RBI) has introduced its 'Payments Vision 2028' document, outlining initiatives to enhance digital payment security, introduce electronic cheques, and expand regulatory oversight to include e-commerce entities.
Stock markets closed higher on Friday after the Reserve Bank of India kept its benchmark interest rate unchanged as expected and proposed allowing banks to lend to Real Estate Investment Trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate sector.
Union Home Minister Amit Shah has criticised the TMC government in West Bengal, alleging that its policies have led to increased infiltration and threaten national security. He framed the upcoming elections as a battle against these issues, promising change if the BJP comes to power.
But selectively, with regulatory scrutiny and special approval, points out Tamal Bandyopadhyay.
Prime Minister Narendra Modi announced six guarantees for West Bengal if the BJP wins the Assembly polls, promising to end the 'reign of fear' and address corruption, while criticising the TMC government's performance.
Union Home Minister Amit Shah criticised the Congress party for its alleged inaction in addressing Maoist violence during its long rule, while highlighting the Modi government's success in nearly eradicating Maoists from Bastar, Chhattisgarh.
'Whether you will bring this down and cause hurt to senior citizens, who are probably living on that little interest rate that they earn out of it... But equally, if I just look at the kitty of the National Small Savings Fund, it is from that same kitty that I'm borrowing.'
Unified Payments Interface (UPI) transactions reached a record high in March, driven by festivities and the financial year closure, according to the National Payments Corporation of India (NPCI).
The Confederation of Indian Industry (CII) has proposed a 20-point policy agenda to the finance ministry, including a conflict-linked emergency credit line guarantee scheme and tax rationalisation on energy inputs, to support MSMEs, exporters, and energy-intensive industries affected by the ongoing West Asia war.
Congress leader Rahul Gandhi has accused Assam Chief Minister Himanta Biswa Sarma of corruption and land grabbing, promising action if the Congress party wins the upcoming elections in Assam. Gandhi also criticised the BJP's governance and economic policies.
The Central Board of Indirect Taxes and Customs (CBIC) has enabled UPI, debit, and credit card payments for Customs duty on the ICEGATE portal, enhancing ease of doing business for importers and exporters.
In a move aimed at curbing the mis-selling of financial products, the Reserve Bank of India (RBI) has proposed banning incentives paid to bank staffers by third parties such as insurance companies and mutual fund houses for selling their products and services. It has also proposed that banks must ensure their user interfaces do not deploy "dark patterns" to lure customers.
India is set to begin the international archery season with a mix of young talent and experienced archers at the Asia Cup Stage 1 in Bangkok, opting to test their squad depth ahead of the Asian Games.
Indian stock market benchmark indices Sensex and Nifty experienced a significant decline, driven by escalating tensions in the Middle East and rising crude oil prices.
A 29-year-old woman from Mumbra was allegedly defrauded of Rs 6.75 lakh (6,750) by an individual posing as an NRI on a matrimonial website. The accused claimed to be a UK resident and convinced the victim to transfer funds for customs clearances.
A US judge has granted Gautam Adani's request for a hearing to dismiss a US Securities and Exchange Commission (SEC) fraud case, with Adani's legal team arguing the case lacks jurisdiction and credible evidence.
The London High Court has rejected Nirav Modi's petition to reopen his extradition case, citing the Indian government's assurances regarding his treatment in India as a key factor in their decision.
Kerala's 2026 assembly election will see a three-cornered contest where religion and communalism have emerged as central themes for the first time, challenging the state's long-celebrated secular fabric.
Palaash Mapara, Pratik Yadnik, and Ameya Dandekar each secured their fourth consecutive victories in the fourth round of the All India Chess Master's tournament in Mumbai.
The BSE Sensex and the Nifty 50 declined around 4.5 per cent each since the start of the West Asia conflict.
The Indian government has blocked 300 websites and applications involved in illegal gambling and betting activities, including online sports betting platforms, online casinos, and satta/matka networks, as part of its efforts to create a safe and responsible online gaming ecosystem.
Indian stock market benchmark indices Sensex and Nifty experienced a significant drop in early trade due to rising crude oil prices, bearish global market trends, and continuous foreign fund outflows.
Global cybersecurity firm Kaspersky plans to significantly increase its investments in India, leveraging the country as a hub for regional services due to strong financial performance and the escalating threat landscape.
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