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Narendra Modi and Bhutan PM Lotay Tshering jointly launch RuPay card Phase 2
India

Narendra Modi and Bhutan PM Lotay Tshering jointly launch RuPay card Phase 2

The RuPay cards issued by the Bhutan National Bank will allow card holders to use ATMs and point-of-sale terminals in India

Narendra Modi to embark on two-day visit to Saudi Arabia on Monday, will sign several key bilateral pacts, says MEA
India

Narendra Modi to embark on two-day visit to Saudi Arabia on Monday, will sign several key bilateral pacts, says MEA

India and Saudi Arabia will sign a raft of key pacts to significantly ramp up ties in several key sectors including oil and gas, renewable energy and civil aviation during Narendra Modi's two-day visit to the Gulf nation on Monday.

Jan Dhan Yojana’s triumph shows financial inclusion gaining pace; scheme a launching pad for success of DBT, other products
Business

Jan Dhan Yojana’s triumph shows financial inclusion gaining pace; scheme a launching pad for success of DBT, other products

Allegations of large-scale misuse of Jan Dhan accounts by black money hoarders seeking to convert their illegitimate wealth in cash during demonetisation are yet to be proved.

NPCI issues over 64 mn RuPay global cards, aims to grow international acceptance
Business

NPCI issues over 64 mn RuPay global cards, aims to grow international acceptance

The RuPay global debit and credit cards are currently issued by 40 banks.

Narendra Modi launches 'One Nation One Card'; service will allow people to pay transport fare, toll charges across country
India

Narendra Modi launches 'One Nation One Card'; service will allow people to pay transport fare, toll charges across country

Modi launched the indigenously-developed National Common Mobility Card (NCMC) while inaugurating the first phase of the Ahmedabad metro train service.

Demonetisation anniversary: Visa, Mastercard losing market share to indigenous RuPay card, UPI, says Arun Jaitley
Business

Demonetisation anniversary: Visa, Mastercard losing market share to indigenous RuPay card, UPI, says Arun Jaitley

"Today, Visa and Mastercard are losing market share in India to the indigenously developed payment system of UPI and RuPay card whose share has reached 65 percent of the payments done through debit and credit cards," Arun Jaitley said.

GST Council proposes cashback incentive to promote digital payments; moots pilot project
Business

GST Council proposes cashback incentive to promote digital payments; moots pilot project

Although the decision on the pilot project has been taken, it will take some time for implementation as software for the purpose will have to be developed and the states will have to decide on it before the benefit reaches the people.

India cannot lag behind in the digital currency era, says Prime Minister Narendra Modi
News & Analysis

India cannot lag behind in the digital currency era, says Prime Minister Narendra Modi

It has been changing from time to time. Now an era of digital currency has started and India should not lag behind," said, Modi.

UP Election 2017: Narendra Modi accuses SP of patronising 'copying mafia', harming youth
Politics

UP Election 2017: Narendra Modi accuses SP of patronising 'copying mafia', harming youth

Prime Minister Narendra Modi on Friday accused the Samajwadi Party (SP) government in Uttar Pradesh of protecting and patronizing the "copying mafia" in the state which was harming the future of the youth.

Demonetisation round-up: Goyal says 100% success, Kerala FM calls it 'calamity'
India

Demonetisation round-up: Goyal says 100% success, Kerala FM calls it 'calamity'

State Bank of India has estimated that money worth Rs 2.5 lakh crore may not come back into the banking system post demonetisation of high-value notes.

Deposits in Jan Dhan accounts cross Rs 30,000 crore
Business

Deposits in Jan Dhan accounts cross Rs 30,000 crore

Deposits in accounts opened under the government's flagship financial inclusion programme -- Pradhan Mantri Jan Dhan Yojana (PMJDY) -- have crossed the Rs 30,000 crore mark