India’s Unified Payments Interface (UPI) is transitioning from a domestic triumph to an international platform, now enabling seamless QR-based payments in eight countries, poised to revolutionise cross-border transactions. India’s Unified Payments Interface, better known as UPI, is moving from a…
India’s Reserve Bank introduces stricter guidelines for payment aggregators, emphasising clear operational boundaries to improve loan repayment processes and mitigate risks in digital lending. Payment aggregators have become a standard part of India’s digital lending machinery, but their limits are…
Despite climate challenges, Andhra Pradesh reports robust 9.9% GDP growth in 2025-26, propelled by agriculture, industry, and services sectors, alongside rising fiscal and investment flows. Andhra Pradesh is reporting stronger-than-expected economic momentum, with the state government saying its real gross…
India’s Kharif planting pace accelerates in early August as rainfall improves, but uneven crop performance and uncertain monsoon outlook raise concerns over future food security and inflation. India’s kharif sowing recovery gathered pace in early August, narrowing the year-on-year gap…
The Indian government has clarified that there is no blanket ban on airport operators owning airlines, but contractual restrictions and potential regulatory shifts are intensifying debate over competition and conflict of interest in the sector. The Indian government has said…
India hit a new high in Russian crude oil imports in July, reinforcing its role as Moscow’s key energy customer despite ongoing Western sanctions and falling Russian revenues, as volumes reach nearly 2.8 million barrels a day. India’s imports of…
Indian rice exporters face a dramatic increase in freight rates amid container shortages and regional supply issues, threatening margins and domestic prices amid broader trade and agricultural pressures. India’s rice exporters are facing a sharp rise in logistics costs as…
India considers charging fees on certain high-value merchant UPI transactions, marking a significant policy shift aimed at funding infrastructure while maintaining affordability for consumers amid the system’s rapid global expansion. India is moving towards allowing fees on some merchant UPI…
Challa Sreenivasulu Setty of SBI advocates expanding AI beyond customer service to enhance rural access and agricultural finance, highlighting the need for scalable, secure digital solutions to support India’s economic growth by 2047. Challa Sreenivasulu Setty, chairman of State Bank…
Sanjay Malhotra, governor of the Reserve Bank of India, urges the financial sector to actively shape AI development, signalling a strategic shift to future-proof India’s banking system amid evolving global pressures. Reserve Bank of India Governor Sanjay Malhotra said India…
