Gandhinagar, May 1 (IANS) Gujarat’s per capita income has crossed Rs 3 lakh for the first time, reaching a level around 60 per cent higher than the national average, according to official data released on Friday.The figure is said to show the state’s sustained economic expansion, with Gujarat contributing 8.3 per cent to India’s Gross Domestic Product (GDP) despite accounting for about five per cent of the population and six per cent of the land area.The state also holds a 19 per cent shar…
Latest FinTech News & Updates
New Delhi, April 30 (IANS) India’s flagship digital payments platform, the Unified Payments Interface (UPI), has recorded an extraordinary nearly 12,000-fold surge in transaction volume over the past decade, the Ministry of Finance said on Thursday.Launched on April 11, 2016, by the National Payments Corporation of India (NPCI) under the regulatory supervision of the Reserve Bank of India (RBI), UPI has evolved into the backbone of India’s digital payments ecosystem.From a modest base of jus…
Gandhinagar/Surat, April 29 (IANS) Preparations for the Vibrant Gujarat Regional Conference (VGRC) to be held in Surat on May 1 and 2 were reviewed in detail at a Cabinet meeting chaired by Chief Minister Bhupendra Patel in Gandhinagar, as the state moves to position the event as a key platform for regional industrial expansion and investment promotion. Following the meeting, government spokesperson and minister Jitu Vaghani said VGRC is intended to go beyond a conventional conference and act as…
New Delhi, April 27 (IANS) Commerce and Industry Minister Piyush Goyal on Monday said that he was looking forward to unlocking the full potential of the India-New Zealand FTA to create new opportunities for businesses in both countries, strengthen value chains, and further deepen the bilateral economic partnership.Addressing the India-New Zealand Business Forum here along with his New Zealand counterpart, Todd McClay, the minister highlighted how India’s vast market, skilled talent, digital capa…
New Delhi, April 27 (IANS) Global Capability Centre (GCC) NatWest Group on Monday announced a partnership with the Indian Institute of Technology Delhi, through its Foundation for Innovation and Technology Transfer (FITT), to strengthen collaboration between industry and academia through research and pilot projects.NatWest Group India said the tie‑up with IIT Delhi’s class academic and research community will explore joint innovation programs, pilot initiatives and industry‑led research ac…
New Delhi, April 24 (IANS) Both cash and digital are indispensable for India and complement each other but there is a marginal substitutability, as a household may use UPI for many retail small payments but still keep cash at home for emergencies or informal transactions, a new SBI Research report said on Friday.Notably, India has launched Central Bank Digital Currency (CBDC) but the e-Rupee circulation is at a very small amount of Rs 1,016 crore till March 2025, and there is a need for further …
New Delhi, April 21 (IANS) India’s financial services sector displayed inherent resilience in the first quarter of 2026, as deal activity normalised after strong activity in the previous quarter, despite geopolitical tensions arising from the US-Iran conflict, a report has said.As per the analysis by Grant Thornton Bharat, the industry recorded 61 deals worth $1.9 billion, showing a healthy consolidation phase. The report noted that in this figure, IPO and QIP transactions are excluded.While dea…
Seoul/New Delhi, April 21 (IANS) Internet giant Naver said on Tuesday it has created a 700 billion-won ($476.4 million) investment fund with Krafton and Mirae Asset Group to foster companies in the artificial intelligence (AI), fintech and content sectors in India.The companies co-hosted an event in New Delhi to introduce the Unicorn Growth Fund (UGF) to Indian companies and venture capital firms, attended by Industry Minister Kim Jung-kwan, Naver Chief Executive Officer (CEO) Choi Soo-yeon, Kra…
Washington, April 16 (IANS) India’s deep pool of technology talent is emerging as a critical factor in the global race to build digital asset infrastructure, participants at a policy discussion have said.The discussion, held under Chatham House Rules on Wednesday (local time), highlighted India’s growing importance in the crypto ecosystem, driven by its large base of software developers and expanding digital capabilities.Participants said the shift towards digital assets — including stablec…
New Delhi, April 11 (IANS) As India’s Unified Payments Interface marks its 10th anniversary on Saturday, the government informed that the country now accounts for 49 per cent of global real‑time payment transactions.The instant payments system processed 21.70 billion transactions in January 2026 alone, with Rs 28.33 lakh crore in value. UPI accounted for 81 per cent of all retail digital transactions in India.The International Monetary Fund has called UPI the world’s largest real‑time pa…