New Delhi, Feb 20 (IANS) The government on Friday said that the NHAI is contemplating to completely discontinue cash transactions at the National Highway fee plazas across the country from April 1, 2026.The move will develop a fully digital National Highway tolling ecosystem.Post implementation, all toll payments at National Highway fee plazas will be processed exclusively through digital modes using FASTag or Unified Payments Interface (UPI).According to the Ministry of Road Transport and Highw…
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New Delhi, Feb 20 (IANS) On the sidelines of the AI Impact Summit, Prime Minister Narendra Modi on Friday held a roundtable with CEOs of AI and deep tech startups pioneering innovative initiatives in agriculture, healthcare, cybersecurity, etc., who praised the country’s “supportive and dynamic environment for Artificial Intelligence advancement”.Stressing the importance of promoting Indian languages and culture, PM Modi called for expanding India’s AI tools for higher education in the mother to…
Hyderabad, Feb 19 (IANS) GST intelligence, Hyderabad, has arrested Pankaj Kumar, founder and director of Adsum Advisory Service Pvt Ltd, in the case of an organised syndicate worth Rs 13,000 crore involved in operating illegal online gaming websites with the assistance of associated fintech companies. Directorate General of GST Intelligence, Hyderabad Zonal Unit, said on Thursday that the arrest is a significant development linked with the online gaming investigation.Adsum Advisory Service…
New Delhi, Feb 19 (IANS) In the decade since its inception, PhonePe has transitioned from a daring UPI pioneer into what many call a ‘fully diversified fintech platform’.With over 65 crore registered users and a merchant acceptance network of more than 4.7 crore spanning metros to remote villages, PhonePe’s expansion reflects a strategy centered on specific use cases and scalable infrastructure.PhonePe’s success wasn’t built on a single ‘eureka’ moment, but on solving the ‘small-tick…
New Delhi, Feb 19 (IANS) At the India AI Impact Summit, Co‑founder of Infosys Nandan Nilekani on Thursday urged stakeholders to work urgently to demonstrate meaningful uses of artificial intelligence and ensure its responsible diffusion, warning that failure to do so could cause a backlash.Nilekani said AI development is currently seeing both a “race to the top and a race to the bottom,” adding that the latter is faster. “All of us, who have a stake in AI being useful to humanity, have t…
New Delhi, Feb 18 (IANS) The ‘India AI Impact Summit 2026’ in the national capital is being seen as refreshingly different from the discussions on AI in the US and Europe as it focuses on a more pragmatic, inclusive vision centred on human progress and equitable growth.“Hosted by the world’s largest democracy and the first major AI summit in the Global South, it challenges the prevailing narrative and positions India as a credible bridge-builder in a fractured technological landscape,” acc…
New Delhi, Feb 16 (IANS) UPI has emerged as the most preferred mode of payment, accounting for 57 per cent of total payment transactions in India, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to an independent study commissioned by the Finance Ministry.Digital payments now dominate everyday transaction behaviour, with 65 per cent of UPI users reporting multiple digital transactions per day. Preference for UPI is particu…
Mumbai, Feb 16 (IANS) Currency in circulation (CiC) in India reached an all‑time high of about Rs 40 lakh crore by January 2026 end, with year‑on‑year growth accelerating to 11.1 per cent from 5.3 per cent last year, a report said on Monday.The report from SBI Research said on an incremental basis (YTD), the currency with public (CWP), accounting for 97.6 per cent of the circulated currency, reached an all time high of around Rs 39 lakh crore. Meanwhile, CiC surged Rs 2.76 lakh crore or 3….
New Delhi, Feb 13 (IANS) Prime Minister Narendra Modi said on Friday that India will be an engine of global growth and build its own development model as the country’s Reform Express is gathering further momentum. Addressing the ET Now Global Business Summit 2026 here, the Prime Minister said the Union government was accelerating the process of economic reforms not out of compulsion but because of its conviction to change the ecosystem to benefit the masses and achieve a ‘Viksit Bharat’ (Develop…
Mumbai, Feb 12 (IANS) The Reserve Bank of India’s (RBI) Digital Payments Index (DPI) rose to 516.76, as of September 2025, up from 493.22 in March 2025, according to an RBI statement issued on Thursday.The increase in the RBI-DPI was driven by significant growth in parameters such as payment performance and payment enablers across the country over the period, the apex bank said.The RBI has been publishing a composite RBI-DPI since January 1, 2021, with March 2018 as the base to capture the exten…