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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......

SC seeks Centre's response on plea against anonymous political donations

The Supreme Court on Monday sought responses from the Centre and others on a plea which challenged the validity of a provision of the Income Tax Act that allows political parties to receive......

Govt withdraws order on mandatory pre-installation of Sanchar Saathi

The government on Wednesday withdrew its directive requiring smartphone makers to pre-install a State-run cybersecurity application on all new devices, as it moved to quell rising concerns that the......

'Government Is The Source Of Our Data Leakages'

'Instead of the government and telecom operators solving the mess of their own creation, they're telling us we need to give access to our phones perpetually.' Kindly note that this image has only......

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......

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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