The banks of the country have given some employee benefits in December through digital rupees. This has made it easier for the Reserve Bank of India (RBI) to meet its target of 10 lakh transactions per day by the end of last year. Central Bank Digital Currency (CBDC) or e-Rupee has been created through distributed…
Tata Consultancy Services (TCS), one of the big software companies, has decided to link the salary increase and variable payments to its employees with the rules related to working from office. Heads of units in the company have told their teams that the grades required for promotion will be based on their working from the…
The use of Unified Payment Interface (UPI) service has increased rapidly in the last few years in the country. It is expanding abroad also. In this series, UPI service will be launched in Sri Lanka and Mauritius on Monday. Along with this, RuPay card service will also be introduced in Mauritius. On the occasion of…
The scope of Unified Payment Interface (UPI) has increased rapidly in the country in the last few years. It is also being expanded abroad. In this series, UPI service was launched in Sri Lanka and Mauritius on Monday. Sri Lankan President Ranil Wickremesinghe and Mauritius Prime Minister Praveen Jugnauth also participated in this virtual event…
There were approximately 131 billion Unified Payments Interface (UPI) transactions in the country in the last financial year. Their total value was approximately Rs 200 lakh crore. According to data from National Payments Corporation of India (NPCI), in the last financial year there were about 83.7 crore UPI transactions whose value was about Rs 139…
In a big campaign against loan and lending apps, the central government has ordered to ban 138 betting and 94 lending apps related to China. This action has been taken by the Ministry of Electronics and Information Technology. According to reports, the government started scrutiny of many Chinese apps about six months ago. It was…
The problem of delay in police verification for getting the passport required for going abroad can be solved soon. The Central Government on Friday launched the mPassport Police App with the aim of expediting the process of police verification for issuing passports. Home Minister Amit Shah on Thursday gave 350 tablets to the Special Branch…
During the last financial year in the country, frauds related to online payments increased by more than 400 percent to Rs 14.57 billion. Digital payments have grown rapidly with the introduction of Unified Payments Interface (UPI). With this, users can easily transfer payments from their smartphones. Data from the Reserve Bank of India (RBI) has…
In the last few months, apprehensions regarding cryptocurrencies have increased. The main reason for this is the huge decline in this segment and the bankruptcy of many firms. There will be no support for Non-Fungible Tokens (NFT) on social media platforms Facebook and Instagram. Meta, which runs these platforms, has taken this decision. Meta’s Head…
Japanese consumer electronics company Sony has increased its revenue and profit forecasts for the current financial year. The company’s music and software divisions have performed well in the first quarter. Sony’s operating profit for the quarter ended June increased to JPY 279.1 billion (about $1.9 billion). It was about JPY 253 billion in the same…
