UPI payment services launched in Sri Lanka, Mauritius; PM Modi describes it as ‘special day’

New Delhi: India’s Unified Payment Interface (UPI) services were on Monday rolled out in Sri Lanka and Mauritius, with Prime Minister Narendra Modi describing it as linking historic ties with modern digital technology. India’s RuPay card services were also launched in Mauritius at a virtual ceremony attended by Prime Minister Modi, his Mauritian counterpart Pravind…

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Finance Minister Sitharaman tables ‘white paper’ on Indian economy in Lok Sabha

New Delhi: Finance Minister Nirmala Sitharaman presented a ‘White Paper on the Indian Economy’ in the Lok Sabha on Thursday in a bid to highlight the government’s assertion that the nation slipped into the category of “fragile five” economies globally during the 10-year tenure of the previous Congress-led UPA regime between 2004 and 2014. According…

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RBI says no systemic worries, action on Paytm due to “persisted non-compliance”

Mumbai: Reserve Bank Governor Shaktikanta Das on Thursday said there are no systemic worries and the action on Paytm was driven by a “lack of compliance” at Paytm. Deputy Governor Swaminathan J said the actions against the fintech have been taken due to “persisted non-compliance”. The Governor declined to specify the specific shortcomings resulting in…

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