The National Payments Corporation of India (NPCI) on Tuesday announced a 0.4% merchant discount rate (MDR) on unified payments interface (UPI) person-to-merchant transactions above Rs 2,000, effective October 15. Consumers will not…
India will launch tokenised corporate bonds next month, with state-owned power financier REC issuing bonds worth less than Rs 5 billion, three sources told Reuters. The bonds will be settled using India's…
Eligible women under the Delhi Lakshmi Yojana will begin receiving Rs 2,500 monthly assistance from September 1, Chief Minister Rekha Gupta announced on Tuesday. Official sanction letters will be distributed from August…
Union agriculture minister Shivraj Singh Chouhan on Friday launched a central bank digital currency-based direct benefit transfer system for food subsidies in Chandigarh under the Pradhan Mantri Garib Kalyan Anna Yojana. Chandigarh…
Chandigarh will become the first Union Territory to launch a full-scale Central Bank Digital Currency (CBDC) based Direct Benefit Transfer (DBT) for food subsidy under PMGKAY on August 14. The digital rupee,…
India co-chaired the BRICS finance ministers and central bank governors meeting in Jaipur on August 12-13, where RBI Governor Sanjay Malhotra stressed the need for cheaper and faster cross-border payments. Separately, Malhotra…
Reserve Bank of India (RBI) Deputy Governor Rohit Jain said on Wednesday that both Central Bank Digital Currency (CBDC) and Unified Lending Interface (ULI) are being used for actual transactions, not just…
