New Delhi, August 10: The Rajya Sabha approved the Taxation and Other Laws (Amendment) Bill, 2026, on Monday. During the session, Finance Minister Nirmala Sitharaman clarified that users making payments through the Unified Payments Interface (UPI) will not incur any tax or transaction fees under this law. The bill, which was passed by the Lok … Read more
Tel Aviv, February 26: India and Israel have entered into an agreement for the cross-border use of the Unified Payments Interface (UPI), strengthening digital and financial partnerships between the two nations. This collaboration will integrate UPI with Israel’s domestic payment framework, making digital transactions faster and more cost-effective. On the second and final day of … Read more
Banks are on standby! The Reserve Bank of India (RBI) has warned banks across the country to be vigilant against possible cyberattacks following credible intelligence reports. Banks have been ordered to monitor their systems around the clock to detect threats. In an advisory issued on June 24, the RBI said: “Given the credible threat intelligence … Read more
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 Jugnauth and … Read more