New Delhi, Feb 9 (IANS) The government is working on trials with banks to operationalise employees’ provident fund (PF) withdrawals via automated teller machines (ATMs), with a likely date to make it applicable from April, for ease of service.The employees’ PF will also be open to withdrawals via the use of unified payments interface (UPI), apart from ATMs, according to an NDTV profit report, citing Labour Ministry sources.There was, however, no official communication yet from the government.Acc…
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Kuala Lumpur, Feb 8 (IANS) Prime Minister Narendra Modi on Sunday departed for India after concluding his two-day visit to Malaysia. Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal stated that PM Modi’s visit to Malaysia produced significant outcomes that will add substantial strength to bilateral ties.”A memorable visit concludes! After a successful visit to Malaysia, marked by special warmth and hospitality and anchored in our close cultural bonds, PM Narendra Modi has departed…
Kuala Lumpur, Feb 8 (IANS) Prime Minister Narendra Modi met Indian-origin leaders, including Ministers and Senators, in Malaysia on Sunday and lauded their accomplishments in public life. “Had a wonderful interaction with PIO leaders, including distinguished Ministers and Senators. Their deep emotional connect to India was clearly visible. Their accomplishments in public life are a matter of immense pride for everyone,” PM Modi posted on X.Earlier in the day, PM Modi met Azad Hind Fauj, also kno…
New Delhi, Feb 6 (IANS) The Unified payments interface (UPI) is now live in over eight countries, including the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius and Qatar, positioning India as a global leader in digital payments, the Parliament was informed on Friday.UPI’s growing international adoption is boosting remittances, promoting financial inclusion, and strengthening India’s position in the global fintech landscape.Moreover, the government has signed MoUs/agreements with 23…
Ahmedabad, Feb 1 (IANS) The Ahmedabad Crime Branch has registered a complaint against 120 online entities for allegedly soliciting prostitution, circulating obscene material, and cheating the public through social media platforms and websites, officials said on Sunday.In an official note, the Crime Branch said the action was taken following continuous digital surveillance and social media monitoring aimed at tackling online prostitution and the digital exploitation of women.The entities booked i…
New Delhi, Feb 1 (IANS) The unified payments interface (UPI) saw 28 per cent transaction count growth (year-on-year) at 21.70 billion in the month of January — along with registering 21 per cent annual growth in transaction amount at Rs 28.33 lakh crore, the National Payments Corporation of India (NPCI) data showed on Sunday.Month-wise, the UPI transaction count as well as amount grew significantly too.Average daily transaction amount in January stood at Rs 91,403 crore, up from Rs 90,217 cror…
New Delhi, Jan 29 (IANS) Prime Minister Narendra Modi on Thursday told top CEOs and experts working in the field of Artificial Intelligence that there should be no compromise on the ethical use of AI.The Prime Minister was interacting with the CEOs in a meeting held at his Lok Kalyan Marg residence, in the run-up to the IndiaAI Impact Summit in February. The session was aimed at fostering strategic collaborations, showcasing AI innovations, and accelerating India’s AI mission goals.PM Modi hig…
New Delhi, Jan 29 (IANS) Marking a significant milestone in strengthening bilateral economic and strategic cooperation, India and the European Union (EU) have concluded negotiations on financial services in the Free Trade Agreement (FTA).Among the key achievements of Financial Services Annex, India and EU have committed to collaborate on enabling greater interoperability and interlinkages and development of electronic payment infrastructure and convenience of cross-border payments to promote rea…
New Delhi, Jan 27 (IANS) India’s ambitious digital journey over the past decade has been powered by a unique framework known as the India Stack, which has helped the country build a cashless, paperless and presence-less digital ecosystem at scale, a report has said. Designed as a set of open digital platforms, the India Stack has transformed how citizens, businesses and governments interact and deliver services, according to www.theaustraliatoday.com.au report.The India Stack is a collection o…
New Delhi, Jan 27 (IANS) Public sector banking operations are likely to be disrupted on Tuesday as bank employee unions called for a nationwide strike, demanding a five-day work week. Private banks, however, will not be affected by the day-long strike.Several public sector banks have already informed stock exchanges about the possible impact of the strike.The United Forum of Bank Unions (UFBU) went ahead with its nationwide strike. The UFBU is a joint platform of nine unions representing officer…