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K'taka traders call bandh on Friday over UPI-based GST notices

Amid rising concerns among traders in Karnataka over the issuance of nearly 6,000 GST demand notices based on UPI transaction data, a top tax official has termed the action as within the framework......

Bank Frauds Creep Back, RBI Sounds Alarm

Fraud reported by banks declined in 2024-2025 to 23,953 as compared to 36,060 in the previous year though the amount involved jumped to Rs 36,014 crore from Rs 12,230 crore. Kindly note that this......

Fake ATS racket uses Pulwama threat to dupe Delhi man of Rs 9 lakh

A 32-year-old Delhi resident was allegedly duped of over Rs 9 lakh by a person posing as the chief of the Anti-Terrorism Squad and accusing him of being involved in the Pulwama terror attack, the......

MP vendor held for taking train passenger's watch for samosas

A video on social media showed a vendor at Jabalpur railway station allegedly taking a passenger's wristwatch as payment for 'samosas' after an online transaction glitch, prompting authorities to......

Meghalaya girl sold in Raj for Rs 3 lakh after Facebook friendship; 3 held

A human trafficking racket spanning multiple states has been busted with the arrest of three persons, including a woman, in connection with the sale of a young girl from Meghalaya for Rs 3 lakh and......

UPI Goes Global, Fintech Hits A Wall

'When you think of cross-border payments, the first things that come to mind are risk, compliance, taxation, speed, and cost.' Kindly note that this illustration generated using ChatGPT has only......

Sebi's Valid UPI Initiative Sees Hiccups

Photograph: ANI Photo The Securities and Exchange Board of India's initiative to introduce 'Valid' UPI handles for market intermediaries from October 1 is running into operational hurdles, with a......

UPI Boom Drives Down Cash Demand

UPI crossed 20 billion monthly transactions for the first time in August 2025, with a transaction value of Rs 24.85 trillion. Illustration: Dominic Xavier/Rediff   Higher adoption of India's......

India makes 85% of digital payment through UPI: RBI Guv Malhotra

About 85 per cent of the digital payment transactions take place through UPI in India, and the country can be a case study in inclusive, secure, and scalable Digital Public Platforms (DPPs),......

Can UPI Stay Free Forever?

Several executives argue that UPI has the potential to grow tenfold, but warn that the absence of a monetisation model risks stagnating the real-time payments system, which has been recording......

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