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India's Unified Payments Interface (UPI) has achieved a new milestone with record transaction volumes, solidifying its position as a leading digital payment system and expanding its global footprint. Key PointsUPI transactions in India hit a record 22.64 billion in March, showcasing the rapid adoption of digital payments.The volume of UPI transactions increased by 24% compared to the previous year, highlighting significant growth in usage.UPI now accounts for 85% of all digital transactions in ...Read More >
UPI hit a record 22.64 billion transactions in March 2026 worth 29.53 lakh crore rupees, driven by wider digital adoption, with security a key focus for regulators and firms India's real-time payments infrastructure recorded its highest-ever monthly activity in March 2026, underscoring the rapid expansion of digital transactions across the country. India's Unified Payments Interface (UPI), operated by the National Payments Corporation of India, processed 22.64 billion transactions during the m ...Read More >
New Delhi, Apr 2 (PTI) Transaction through the Unified Payments Interface (UPI) touched a record high of 22.64 billion in volume terms in March. "UPI achieves 22.64 Bn transaction count in March'26! Thank you, India, for embracing digital payments and driving this revolution forward. Let's continue the journey of transforming the way we transact!," Department of Financial Services said in a post on X. In volume terms, 22.64 billion transactions were carried during the month as compared to 18.3 ...Read More >
New Delhi: All central government employees have been mandated to complete competency-linked courses relevant to their role or level on a dedicated online platform annually, which will reflect in their annual performance appraisal reports, the Rajya Sabha was informed on Thursday. The government has adopted a competency-based capacity building approach, focusing on role-based learning, continuous skill development, and alignment of training with role requirements, Union Minister of State for Pe ...Read More >
India's Unified Payments Interface (UPI) has achieved a new milestone with a record number of transactions in March, demonstrating its growing dominance in the digital payments landscape and expanding global reach. Key PointsUPI transactions in India hit a record 22.64 billion in March, showcasing the rapid adoption of digital payments.UPI combines ease of use with strong security measures, including two-factor authentication, making it a preferred payment method.UPI accounts for 85% of all dig ...Read More >
As the West Asia war entered its fifth week, the government on Wednesday implemented concessions for Special Economic Zones (SEZs) announced during the Union Budget 2026-27. SEZ manufacturers have been facing pressures amid global geopolitical tensions and the US tariff impact from last year. This "one-time concession" will remain in place from April 1, 2026, to March 31, 2027, the government said. ".. to address the concerns faced by the manufacturing units in the SEZs due to ongoing global tr ...Read More >
New Delhi: A Rajya Sabha member from the Rashtriya Janata Dal (RJD) on Thursday flagged a significant shortfall in the central government's transfer of cess collections to designated funds, citing a Comptroller and Auditor General (CAG) report that revealed lapses spanning five decades. Raising the matter during Zero Hour, RJD MP A D Singh from Bihar said the CAG has found that as of FY 2023-24, the government failed to transfer as much as Rs 3.69 lakh crore of cess collections to their intende ...Read More >
New Delhi, Apr 2 (PTI) A Rajya Sabha member from the Rashtriya Janata Dal (RJD) on Thursday flagged a significant shortfall in the central government's transfer of cess collections to designated funds, citing a Comptroller and Auditor General (CAG) report that revealed lapses spanning five decades. Raising the matter during Zero Hour, RJD MP A D Singh from Bihar said the CAG has found that as of FY 2023-24, the government failed to transfer as much as Rs 3.69 lakh crore of cess collections to t ...Read More >
In the fiscal year 2025-26 that ended on Tuesday, the state government's own internal resources through revenue collection from major departments looked positive with an estimated collection of ₹56,000 crore as against the target of ₹59,520 crore for the current FY, officials in the state finance department said. The highest collection is from commercial taxes department, which has achieved a growth of 9.20% in state GST collection in FY 25-26 from last year FY 24-25. The total revenue colle ...Read More >
New Delhi: Amid the West Asia conflict, the Government of India exempted customs duty on key petrochemical products till June 30, 2026, Finance Ministry said on Thursday. Import duty was cut to benefit including plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components and other manufacturing segments and also provide relief to the end users, i.e, the consumers, the ministry said. The government took the decision to remove customs duty on critical petrochemical products ...Read More >
NEW DELHI: The defence ministry has fully utilised its capital outlay of Rs 1.86 lakh crore (revised estimate) for FY2025-26. In FY2024-25 too, the ministry had utilised its capital budget fully. The overall use of the defence budget, including MoD (civil) and pension, during FY2025-26 stood at 99.62 per cent.The original appropriation for capital expenditure in the fiscal was Rs 1.8 lakh crore, which was raised by finance ministry in view of the pace of expenditure achieved by defence ministry ...Read More >
ITANAGAR, 1 Apr: Arunachal Pradesh has recorded the highest goods and services tax (GST) revenue growth across all states and union territories in India for the cumulative period from April 2025 to March 2026, registering an overall growth rate of 27.5 percent compared to the same period in the previous financial year. "At 27.5% overall growth, Arunachal Pradesh is growing at over four times the national GST growth rate of 6.4% - a feat unmatched by any other state in the country," the central ...Read More >
Panaji: The GST revenue data for 2025-26 shows that while the state's taxpayer base is expanding, Goa is seeing a significant loss of fiscal momentum. The total GST collected in Goa for 2025-26 came in at Rs 6,950 crore, representing an overall decline of 2.1% over the previous year at a time when national GST collections grew 6.4%.Of the Rs 6,950 crore collected as GST from taxpayers, Goa govt earned Rs 4,575 crore for the year ending March 31, a flat 1% growth. The remaining GST was credited t ...Read More >
New Delhi: In a relief to exporters, India has announced a one-time relief measure for units in special economic zones (SEZ), allowing them to sell goods in domestic markets at a lower customs duty for one year, and extended fiscal benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) by six months, until September 30, amid the conflict in West Asia. The government is working on a broader framework on harmonisation of various export promotion schemes with a key focus on ...Read More >
New Delhi, Apr 1 (PTI) The government's decision to extend limited duty concessions to manufacturing units in special economic zones (SEZs) for selling goods in the domestic market is a one-time relief measure and not a permanent policy change, finance ministry sources said on Wednesday. The emphasis of these zones is and will continue to remain on exports, they said. The government has provided duty concessions to SEZ manufacturing units for one year till March 2027 for sale of notified goods ...Read More >
New Delhi, April 1 (SocialNews.XYZ) India's digital payments ecosystem saw a strong comeback in March 2026, with the Unified Payments Interface (UPI) registering its highest-ever monthly transaction volume since its launch in 2016, according to data released by the National Payments Corporation of India on Wednesday. UPI processed 22.64 billion transactions in March, marking a sharp rise from 20.39 billion transactions recorded in February. The March figure also surpassed the previous high of 2 ...Read More >
New Delhi [India], April 1 (ANI): The government's decision to allow Special Economic Zones (SEZs) units to sell in the domestic market has triggered concern among local manufacturers, who fear cheaper SEZ goods could undercut them at home. Finance Ministry sources, however, told ANI that the relief measure comes with a robust three-pillar safeguard framework -- designed specifically to ensure the domestic industry is not disadvantaged. SEZ units already enjoy significant structural advantages ...Read More >
New Delhi [India], April 1 (ANI): Union Minister G Kishan Reddy on Wednesday said that coal gasification can help India reduce imports of petrochemicals, crude oil and fertilisers, as the government pushes to scale up the sector through incentives and new investments. "We are importing petrochemicals, crude oil and fertiliser. All these things we can substitute through coal gasification projects," Reddy told reporters on the sidelines of a land leasing agreement for the Coal Gasification projec ...Read More >
New Delhi, April 1 (SocialNews.XYZ) The Centre, on Wednesday, announced the release of more than Rs 1,536.14 crore to strengthen rural local bodies in Arunachal Pradesh, Goa, Gujarat, Jharkhand, Odisha, Rajasthan, Telangana and Uttarakhand during Financial Year (FY) 2025-26 as part of the 15th Finance Commission's tied and untied grants. The releases cover regular instalments as well as withheld portions pertaining to various financial years. A sum of Rs 466.79 crore was released for Rajasthan ...Read More >
New Delhi [India], April 1 (ANI): The Central Board of Indirect Taxes and Customs (CBIC) has introduced a one-time relief measure allowing eligible manufacturing units in Special Economic Zones (SEZs) to sell goods in the Domestic Tariff Area (DTA) at concessional customs duty rates, in line with the announcement made in the Union Budget 2026-27. According to an official statement from the Ministry of Finance, the relief measure aims to address concerns faced by SEZ manufacturing units due to o ...Read More >
New Delhi: The government has announced limited duty concessions to special economic zones (SEZs) for one year to help manufacturing units of these enclaves, hit by weak global demand, sell their goods in the domestic market. The measure takes effect from April 1 and will remain valid until March 31, 2027. As per the notification of the Department of Revenue, goods made in SEZs and sold in the domestic market will face slightly lower Basic Customs Duty (BCD), and in some cases, reduced Agricult ...Read More >
New Delhi, Apr 1 (PTI) The government has announced limited duty concessions to special economic zones (SEZs) for one year to help manufacturing units of these enclaves, hit by weak global demand, sell their goods in the domestic market. The measure takes effect from April 1 and will remain valid until March 31, 2027. As per the notification of the department of revenue, goods made in SEZs and sold in the domestic market will face slightly lower Basic Customs Duty (BCD), and in some cases redu ...Read More >
New Delhi, [India], April 1 (ANI): India's gross GST collections rose to Rs 2,00,064 crore in March 2026, marking an 8.8 per cent increase compared to Rs 1,83,845 crore in March 2025, according to the data released by the finance ministry. On a year-on-year (YoY) basis, the total gross GST revenue for FY26 stood at Rs 22.27 lakh crore, up 8.3 per cent from Rs 20.55 lakh crore in FY25, indicating sustained momentum in tax collections. Also Read | Indian Uber Eats Driver Jitendrakumar Prajapati ...Read More >
New Delhi, [India], April 1 (ANI): India's gross GST collections rose to Rs 2,00,064 crore in March 2026, marking an 8.8 per cent increase compared to Rs 1,83,845 crore in March 2025, according to the data released by the finance ministry. On a year-on-year (YoY) basis, the total gross GST revenue for FY26 stood at Rs 22.27 lakh crore, up 8.3 per cent from Rs 20.55 lakh crore in FY25, indicating sustained momentum in tax collections. The March collections crossing the Rs 2 lakh crore mark sugg ...Read More >
The Appointments Committee of the Cabinet (ACC), chaired by Prime Minister Narendra Modi, on Tuesday approved a major reshuffle at the Secretary level of bureaucracy, transferring and posting more than a dozen Indian Administrative Service (IAS) officers across key central government ministries and departments. The order, issued by the Ministry of Personnel, Public Grievances and Pensions on March 31, 2026, effects immediate changes across ministries ranging from Information & Broadcasting to R ...Read More >
Mumbai, April 1: The Ministry of Finance has formally set an 18-month timeline for the 8th Central Pay Commission (8th CPC) to submit its recommendations, a move that will impact the earnings and retirement benefits of millions of central government employees and pensioners. Constituted on November 3, 2025, the commission is tasked with reviewing the existing pay structures, allowances, and pensions. While the final report is expected by mid-2027, officials indicate that any approved salary hik ...Read More >
The government on Tuesday appointed senior Indian Administrative Service (IAS) officer Vir Vikram Yadav as the Director General of the Directorate General of Civil Aviation (DGCA), replacing Faiz Ahmed Kidwai. Kidwai, a 1996 batch IAS officer of Madhya Pradesh cadre, has been appointed as additional secretary in the department of personnel and training (DoPT), according to an order by the Appointments Committee of the Cabinet (ACC). Yadav, an Odisha cadre IAS officer who replaces Kidwai at DGC ...Read More >
These initiatives were announced in the Budget presented in Parliament last month. ShowQuick Read Summary is AI-generated, newsroom-reviewed * CBIC removed the Rs 10 lakh value cap per consignment on courier exports from April 1 * Return to Origin facility introduced for uncleared goods after 15 days at courier terminals * Simplified procedures adopted for re-import of returned or rejected e-commerce export goods Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: The ...Read More >
Chennai: IndiaAI Mission CEO Abhishek Singh has been transferred to the National Testing Agency (NTA) as director general as part of a bureaucratic reshuffle, an order issued on Tuesday showed. Singh's transfer comes shortly after the IndiaAI Impact Summit in New Delhi in February, which drew top speakers from across the world, but was also criticised over logistical glitches and security issues. There was also an episode involving a university exhibiting a Chinese robot dog as an indigenous inn ...Read More >
Guwahati, Mar 31: Union Finance Minister Nirmala Sitharaman on Tuesday released the BJP's manifesto for Assam assembly polls, promising protection of land, heritage and dignity of indigenous people and Rs 5 lakh crore infrastructure investment. BJP's 'Sankalp Patra' comprises 31 promises, including the recovery of encroached land from Bangladeshi Miyas, bringing in Uniform Civil Code, and ensuring the development of the state, employment opportunities for youths. Sitharaman said this manifesto ...Read More >
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