New Delhi, July 8 (IANS) India’s digital economy has emerged as a cornerstone of the country’s future economic and social advancement, experts said at a conclave on digital payments held here.The Digital Payments conclave — organised by the Chintan Research Foundation (CRF) in partnership with Ikigai Law and Koan Advisory Group — brought together policymakers, regulators, industry leaders, legal experts, technologists and researchers to deliberate on the future of India’s digital payments ecos…
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Jakarta, July 8 (IANS) Prime Minister Narendra Modi on Wednesday shared highlights from his ongoing state visit to Indonesia, describing the relationship between the two countries as “strong and vibrant” while showcasing key moments from the visit. The highlights included his ceremonial welcome, the honour conferred upon him, his address to the Indonesian Parliament and the enthusiastic reception from the Indian diaspora.Sharing a video on social media, the Prime Minister said, “The India-Indone…
New Delhi, July 7 (IANS) Prime Minister Narendra Modi announced on Tuesday that India’s Unified Payments Interface (UPI) will be integrated with Indonesia’s payment system, which will enable tourists and businesses to make cross-border retail payments more easily by using their domestic payment apps.Addressing a joint press conference with Indonesian President Prabowo Subianto in Jakarta, PM Modi said, “We are delighted that India’s UPI is set to be integrated with Indonesia’s payment sy…
New Delhi, July 2 (IANS) The newly notified Employees’ Provident Fund (EPF) Scheme, 2026, introduced new provisions on partial withdrawals effective June 29.Under the revised scheme, members of the Employees’ Provident Fund Organisation must retain a minimum balance of 25 per cent of their eligible member balance in their EPF account before making any partial withdrawal. Any amount calculation for a minimum withdrawal will be done only after setting this balance aside.The minimum balance req…
New Delhi, July 1 (IANS) The National Payments Corporation of India (NPCI) on Wednesday announced a strategic partnership with HSBC India to enable real-time foreign exchange (FX) settlement for cross-border Unified Payments Interface (UPI) transactions to make international digital payments more seamless and transparent for Indian travellers.Under the collaboration, HSBC India will provide real-time FX rates through direct API integration, allowing customers to view the exact Indian rupee (INR)…
New Delhi, June 29 (IANS) The first round of India-Maldives negotiations for a free trade agreement began on Monday and will continue till July 7, as the two countries aim to formally sign the pact by the end of this year, the Commerce Ministry announced.”The Government of India has officially commenced the first round of negotiations for a bilateral Free Trade Agreement (FTA) with the Republic of Maldives. The discussions are being conducted in virtual mode and are scheduled from June 29 to Jul…
Victoria, June 28 (IANS) Ties between India and Seychelles are not “transactional relationships”, Foreign Secretary (FS) Vikram Misri stressed on Sunday.“These are not transactional relationships, these are relationships based on respect, based on trust and based on friendship… if you were to really press me hard and ask me what do I expect, I would say friendship and that’s really the last word,” the Foreign Secretary said at special briefing by the Ministry of External Affairs (MEA) amid P…
Paris, June 18 (IANS) Prime Minister Narendra Modi on Thursday invited global businesses, innovators and startups to partner with India, highlighting that his country offers one of the world’s largest talent pools, affordable data, low-cost green energy, and a supportive policy environment for innovation and growth.Addressing the 10th edition of VivaTech 2026, Europe’s largest technology event, in the French capital, PM Modi said India is emerging as a global hub for technology, innovation and e…
New Delhi, June 9 (IANS) India’s journey over the past twelve years has been nothing short of transformative, reshaping its economic, technological, and infrastructural landscape with unprecedented speed and scale. What began in 2014 as a nation struggling under the label of the “Fragile Five” economies has now emerged as the world’s fastest-growing major economy, confidently steering towards the ambitious goal of becoming a five-trillion-dollar economy.This roadmap of the past twelve years of P…
New Delhi, June 9 (IANS) NPCI International Payments Limited (NIPL) — the international arm of the National Payments Corporation of India (NPCI) — on Tuesday announced the launch of a cross-border payment linkage between India’s Unified Payments Interface (UPI) and Nepal’s National Payments Interface (NPI), enabling real-time, low-cost and secure money transfers between the two countries.With this integration, users in India and Nepal will be able to undertake seamless person-to-person (P2…