'Some people may not like what I am saying, but shortcomings have to be pointed out. These deficiencies should be rectified within the next three months.' 'This is Gorakhpur, where our CM himself resides. If such shortcomings exist here, then what will happen?'
Unified Payments Interface (UPI) transactions in India reached Rs 29.8 lakh crore in August, approaching record levels. Volume also hit a new high of 24.51 billion transactions, driven by festive activities like Raksha Bandhan. The digital payment system continues its rapid growth, expanding its global presence to 11 countries, with further growth anticipated during the upcoming festive season and new use cases like credit on UPI.
Reserve Bank Deputy Governor S C Murmu has highlighted the "cash paradox" where currency in circulation continues to grow despite a significant increase in digital payments. This trend complicates the RBI's forecasting and planning for currency production and distribution, prompting the central bank to seek solutions and explore ways to extend banknote life and reduce the carbon footprint of the cash cycle.
Analysts predict that geopolitical developments, particularly surrounding the Strait of Hormuz and the US-Iran standoff, along with crude oil prices, will be the primary factors influencing stock market movement in the coming week. Investors will also monitor foreign institutional flows and the Federal Open Market Committee (FOMC) minutes for signals on the Federal Reserve's policy outlook.
Analysts predict that crude oil prices and the ongoing US-Iran conflict will be the primary drivers of stock market movements, with investors also closely watching the Jackson Hole symposium for cues on interest rates.
'In the wake of this tragedy, India will provide power to Nepal if and when the requirement for the same is communicated to India as per their needs.'
China sailed through the crisis in the Strait of Hormuz relatively unscathed even as the impact of its steps shielded other consuming nations from having to pay high crude oil prices.
Mumbai-born Indian youth international Yohaan Benjamin has signed a two-year deal with Portuguese club Guarda FC, marking a significant step in his European football career. This move aligns with Guarda FC's strategy to develop talent from emerging football markets like India. Benjamin, a midfielder, previously played for Shillong Lajong, where he achieved success in the Shillong Premier League.
'The sales pressure on the ground, a board and CEO not fully aligned, and a senior team that isn't pulling together -- that's when these things surface.'
India's Unified Payments Interface (UPI) recorded an unprecedented 24.51 billion transactions valued at Rs 29.8 lakh crore in August, largely propelled by the Raksha Bandhan festival. This surge marks a 22% annual increase in volume and 20% in value, highlighting the expanding reach and depth of the UPI ecosystem. Experts anticipate further growth during the upcoming festive season, while UPI's international acceptance now spans 11 countries.
Telangana Forest Minister Konda Surekha was dropped from the state cabinet, leading her to accuse Chief Minister A Revanth Reddy of "blackmail politics." Surekha claims her removal was due to critical remarks made by her daughter against the CM and other party leaders, despite the Congress high command not favouring her ouster. She has written to top Congress leaders seeking intervention.
Severed legs of a man were discovered inside the Similipal Tiger Reserve in Odisha's Mayurbhanj district. Locals suspect a tiger attack, but forest officials are investigating the cause of death.
Indian banks and non-banking financial companies (NBFCs) are undertaking a comprehensive review and reset of their engagement terms with fintech firms, driven by the Reserve Bank of India's (RBI) draft Guidance on Regulatory Expectations for Data Governance and the stringent compliance requirements of the Digital Personal Data Protection (DPDP) Act, 2023, and its 2025 Rules.
Reserve Bank Governor Sanjay Malhotra announced that India's foreign exchange reserves stand at a healthy $682.3 billion as of May 29, 2026, providing approximately 11 months of import cover and strong protection against external shocks.
India's foreign exchange reserves saw a significant increase of $10.512 billion, reaching $692.866 billion for the week ending July 31, driven by a rise in foreign currency assets and gold reserves.
Indian Grandmaster R Praggnanandhaa has taken a commanding 9-3 lead over Germany's Vincent Keymer, putting him just six points away from qualifying for the finals of the prestigious US$450,000 Grand Chess Tour concluding event.
A 68-year-old Mumbai resident was defrauded of Rs 7.21 crore by cyber criminals who threatened her with false accusations of money laundering and terror funding. The fraudsters coerced her into transferring funds to bank accounts and a cryptocurrency wallet after impersonating officials from various agencies.
Finance Minister Nirmala Sitharaman stated that India is likely to sustain economic growth of 7 per cent or more in 2026-27, continuing the pace recorded since the Covid-19 pandemic, despite geopolitical uncertainties and supply-chain disruptions.
Gold and silver prices are anticipated to maintain a positive trajectory in the coming week, with market volatility expected to remain high due to ongoing developments in West Asia and upcoming global economic data, particularly the Federal Reserve's FOMC meeting minutes.
State Bank of India's latest report highlights a 'chalk and cheese' divide in the Reserve Bank of India's recent policy communications, with the Monetary Policy Committee minutes showing a hawkish tone while the Governor's statements are more data-dependent, leading to market uncertainty regarding future interest rate hikes.
Private banks in India are aggressively mobilising Foreign Currency Non-Resident (Bank), or FCNR(B), deposits by raising interest rates and using website countdowns, as the Reserve Bank of India's swap window is set to close on August 31, earlier than initially planned.
The contraction in total reserves was driven by a fall in gold reserves, which dropped $13.49 billion to $117.19 billion during the reported week.
An Alappuzha court has reserved its order on the anticipatory bail petitions of three gunmen of former Kerala Chief Minister Pinarayi Vijayan, who are accused in an assault case involving Youth Congress workers during the Nava Kerala Sadas programme in December 2023. The incident led to the formation of a Special Investigation Team (SIT) by the new UDF government.
RBI Deputy Governor Rohit Jain discussed the future of India's foreign exchange markets, highlighting the increasing role of local currencies in cross-border trade, the impact of technology, and existing challenges. He emphasised the need for market evolution to facilitate India's global engagement, absorb shocks, and serve all users efficiently. Jain also addressed concerns about unauthorised forex trading platforms and the importance of customer awareness.
'You have to get private investment to somewhere between 35% to 36% of GDP. It is hovering about 30%-31%.'
Do not share OTPs, PINs, authentication codes, card numbers, card verification values (CVVs), KYC details, security answers, Internet-banking passwords or Aadhaar-based authentication credentials through SMS, e-mail or phone calls.
'The ethanol blended with petrol programme should not be halted or reconsidered.' 'India is not experiencing a structural sugar shortage, and the ethanol blending roadmap does not compete with food security or drive domestic price increases.'
The Congress and BJP are engaged in a political spat over the implementation of the Women's Reservation Bill and its proposed link to delimitation, with Rahul Gandhi urging unconditional implementation of the 2023 law and Kiren Rijiju highlighting the constitutional requirement for delimitation based on post-2026 census figures.
Union Home Minister Amit Shah lauded UPI on its 10th anniversary, highlighting its role in India's digital transformation. Launched by NPCI in 2016, UPI has become the world's largest real-time payment system, witnessing a massive surge in transaction volume and value, demonstrating its success in empowering people with swift, seamless, and secure digital transactions.
India has removed a key regulatory hurdle, allowing exporters to receive payments in Indian currency while retaining incentives under the country's foreign trade policy, a move aimed at promoting wider use of the rupee in international trade.
Tilak Varma is emerging as India's potential middle-order backup, offering left-handed batting variety and developing off-spin as selectors seek younger, flexible options ahead of the ODI World Cup.
Ibrahim Mbaye, the 18-year-old Senegal forward, has completed a permanent transfer from Paris St Germain to Premier League club Aston Villa.
Indian benchmark equity indices, Sensex and Nifty, closed lower for multiple consecutive days, with the Nifty extending its losses to a seventh day, primarily due to elevated crude oil prices following the expiry of the US-Iran ceasefire without a diplomatic resolution.
Union Minister Ramdas Athawale has indicated a potential Union cabinet reshuffle soon and extended an invitation to eight NCP (SP) MPs to join the NDA, even if Sharad Pawar declines. He urged the opposition faction to set aside ideological differences for development. However, NCP (SP) spokesperson Clyde Crasto dismissed Athawale's offer, calling him a "floater." Athawale also addressed the issue of reservation, stating it's a constitutional right.
Lack of women in Karnataka's new council of ministers has put the spotlight once again on women's under-representation in politics and policy.
Novak Djokovic, hampered by illness and injuries, suffered a shocking first-round exit at the U.S. Open, losing to unseeded Argentine Mariano Navone in a gruelling five-set match, marking his earliest Grand Slam departure since 2006.
Prime Minister Narendra Modi celebrated the Unified Payments Interface (UPI) completing a decade, calling it a major turning point in India's digital payment journey. Launched in 2016, UPI has become the backbone of India's digital payments ecosystem, showing exponential growth in transaction volume and value, and is a key pillar of the Digital Public Infrastructure.
Three people were injured in two suspected wild elephant attacks in Palakkad, Kerala. These incidents follow two recent fatalities in Wayanad and Idukki. In response, the Kerala government has decided to establish a 500-member Special Reserve Force to mitigate human-wildlife conflict.
A tiger strayed into a residential area near the Bandhavgarh Tiger Reserve in Madhya Pradesh, killing a woman and injuring four others. The incident sparked protests by villagers who accused forest officials of negligence.
Actor-turned-politician Kangana Ranaut has publicly endorsed Isha Koppikar's 'andhbhakt' declaration, asserting that such devotion is rooted in love for the country.
