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Traders have announced a three-day protest plan. On 23rd July, milk sales will be suspended. Gutka and cigarette sales will be halted on 24th July, and Full closure of bakeries, condiment shops and petty stores will be on 25th June. On 25th July, Bengaluru is set to see a city-wide bandh. Thousands of small business owners are set to protest against GST notices issued by the Karnataka Commercial Taxes Department. The notices target businesses that accepted digital payments exceeding GST registr ...Read More >
New Delhi: State tax departments in Andhra Pradesh, Uttar Pradesh, Tamil Nadu, and Gujarat are now following Karnataka's lead and asking UPI apps and payment companies to share yearly sales data of merchants. This move is meant to catch shopkeepers and businesses who should be registered for GST but aren't. By law, anyone selling goods and making over Rs 40 lakh per year (Rs 20 lakh for services) must sign up for GST. If they haven't, tax officials might send them a notice -- which has already ...Read More >
BHUBANESWAR: Union minister of state (independent charge) for Science and Technology, Personnel, Public Grievances and Pensions Dr Jitendra Singh on Thursday said the Centre would soon roll out a new scheme focusing exclusively on agriculture and allied sectors in 100 districts across the country. Addressing the two-day national conference on good governance here, Dr Singh said, the first-of-its-kind Prime Minister Dhan-Dhaanya Krishi Yojana (PM-DDKY) draws inspiration from NITI Aayog's aspirat ...Read More >
Mumbai: The BMC is set to begin structural strengthening work on the Parel TT flyover in October this year. To minimise traffic inconvenience, the repairs will be carried out in phases by closing one lane at a time. The repair work was originally planned two years ago but was deferred as the Delisle Road Bridge in Lower Parel was still under reconstruction at the time. Undertaking both projects simultaneously would have worsened traffic congestion in central Mumbai. Constructed in 1980, the Pa ...Read More >
Mysuru /Bengaluru: As GST notices continue to land at the doorsteps of small traders across Karnataka, vendors in cities like Mysuru and Bengaluru are increasingly rejecting UPI payments in favour of cash -- raising concerns over the future of India's digital payment ecosystem.In Mysuru, small shopkeepers, hotel owners, PG operators, and auto drivers have started declining UPI payments after receiving tax notices. The state's commercial tax department, using cumulative UPI transaction data from ...Read More >
Ashwini Vaishnaw announced the government's plan to provide free AI training to approximately 5.5 lakh village-level entrepreneurs (VLEs) under the IndiaAI Mission. This initiative aims to skill 10 lakh individuals, prioritizing VLEs who offer essential digital services in nearly 90% of Indian villages. The IndiaAI Mission, with a budget of ₹10,371. NEW DELHI: Ashwini Vaishnaw, Minister of Railways, Electronics & Information Technology (MeitY) Railways, and Information & Broadcasting (I&B), We ...Read More >
New Delhi, July 17: In a major move that could bring relief to over 7 crore Employees' Provident Fund Organisation (EPFO) members, the Centre is reportedly considering a proposal to allow full or partial withdrawal of EPF savings after 10 years of service. According to a Moneycontrol report, the retirement fund body has floated this idea to address the needs of those who wish to exit the formal workforce earlier than the official retirement age of 58. Currently, EPF members can withdraw their f ...Read More >
New Delhi [India], July 17 (ANI): India on Thursday dispatched a consignment of 300,000 doses of Measles and Rubella vaccines, along with medical supplies, to Bolivia to help the country deal with a growing outbreak of the disease. 'India dispatched a consignment of 300,000 doses of Measles & Rubella vaccines along with ancillary supplies to support Bolivia in managing the outbreak of the disease. India stands by its friends in the Global South,' Ministry of External Affairs spokesperson Randhi ...Read More >
India's Unified Payments Interface (UPI), once a bold experiment in digital public infrastructure (DPI), is now emerging as a global payments powerhouse. In a landmark move, Prime Minister Narendra Modi launched UPI in Trinidad and Tobago, signaling India's growing ambition to expand its fintech footprint across the Global South and beyond. This marks a defining moment in UPI's international journey, as it accelerates toward becoming a competitor to traditional global payment giants. With trans ...Read More >
Bank holidays 2025: Banks across Meghalaya will be closed due to Behdienkhlam on Monday, July 14, according to the state-wise holiday calendar of the Reserve Bank of India (RBI). The banks in the rest of the country will remain open today, July 14, 2025. This traditional celebration is deeply rooted in Meghalaya's culture and draws large gatherings every year. The Behdienkhlam Festival is one of the oldest and most important cultural celebrations of the Pnar people, a group within the Jaintia c ...Read More >
New Delhi: The death sentence of Kerala nurse Nimisha Priya, who was sentenced to death in Yemen, has been postponed for the time being. She was to be executed by shooting today, July 16. According to media reports, activist groups and influential religious leaders intervened in the matter, after which the death sentence of Nimisha Priya was postponed. Earlier, many efforts were also made at the diplomatic level to save Nimisha from the death penalty. There is also news that the victim's family ...Read More >
July 15 (UPI) -- Civil aviation authorities in India instructed domestic airlines to inspect fuel switches on Boeing aircraft in their fleets after the initial findings of an investigation of the Air India Flight 171 crash in June suggested fuel to the engines was shut off during takeoff. The order was made after a number of Indian and international carriers began conducting voluntary examinations of a locking mechanism that prevents the switches from being accidentally flipped to the cutoff po ...Read More >
Chandigarh: Veteran marathon runner Fauja Singh died on Monday, July 14, after being hit by an unidentified vehicle while out for a walk in his native village in Punjab's Jalandhar district. He was 114. His demise was confirmed by author Khushwant Singh, a former state information commissioner of Punjab, who spoke to Fauja Singh's family members. Khushwant Singh had written a biography on Fauja Singh titled 'The Turbaned Tornado'. The driver, who is yet to be identified, fled after the inciden ...Read More >
New Delhi [India], July 15 (ANI): Union Minister for Science and Technology and Space, Jitendra Singh on Tuesday said that the experiments conducted by Group Captain Shubhanshu Shukla are going to be of relevance for the whole world. The IAF officer Shukla or 'Shux' had piloted the Axiom-4 (Ax-4) crew, which included three other astronauts, who splashed down in the Pacific Ocean off the coast of California in the US this afternoon in their SpaceX Dragon spacecraft titled 'Grace' after completin ...Read More >
Kolkata: Tech giant RS Software (India) Ltd, that had built the Unified Payments Interface (UPI) platform in 2015, is now working on a global payments integration platform to facilitate international trade flows. The company is also planning to invest over Rs 100 crore over the next five years to bolster the payments network system across the country.Raj Jain, CEO and MD of the company, said: "As UPI gains global recognition, govt has negotiated several bilateral agreements with different countr ...Read More >
New Delhi [India]: If you're selling online, then you already know how important smooth payments are. But speed isn't everything. What matters just as much, if not more, is safety. People need to feel confident when they enter their card or UPI details. That's where a payment gateway plays its role. It's not something your customers see much, but it works in the background every single time someone pays. What Is a Payment Gateway? It's a tool that connects your website or app to the banks. Whe ...Read More >
New Delhi [India], July 14 (ANI): Domestic mutual funds have increased their stake in Paytm to around 14 per cent, up from 13 per cent in January-March 2024-25, led by Motilal Oswal and Bandhan Mutual Funds, as per the April-June 2025-26 shareholding pattern. Insurance companies also raised their holdings by 1 per cent, taking total domestic institutional ownership from 14 per cent to 16 per cent quarter-on-quarter. Foreign portfolio investors (FPIs) also increased their overall stake during t ...Read More >
New Delhi [India], July 14 (ANI): Domestic mutual funds have increased their stake in Paytm to around 14 per cent, up from 13 per cent in January-March 2024-25, led by Motilal Oswal and Bandhan Mutual Funds, as per the April-June 2025-26 shareholding pattern. Insurance companies also raised their holdings by 1 per cent, taking total domestic institutional ownership from 14 per cent to 16 per cent quarter-on-quarter. Foreign portfolio investors (FPIs) also increased their overall stake during t ...Read More >
Bengaluru : India's digital commerce landscape is undergoing a seismic transformation, driven by deep rural internet penetration, explosive growth in Direct-to-Consumer (D2C) brands, and the rapid adoption of Artificial Intelligence (AI) in the retail sector. According to the Made for Bharat, Powered by AI: The New Age of Commerce Report by Shiprocket and KPMG, with 886 million active internet users 55% from rural India and UPI accounting for 84% of all retail digital payments, Bharat is not jus ...Read More >
Bengaluru: Small businesses across Karnataka -- including tea stalls, bakeries, salons, and local eateries -- have raised concerns after receiving GST notices based on their UPI transaction volumes. The Commercial Tax Department has issued these notices to entities whose annual digital receipts exceeded ₹40 lakh for goods or ₹20 lakh for services, even if they are not GST-registered. Tax consultants are urging affected traders to respond to the notices within the stipulated deadline to avoid pe ...Read More >
Puri (Odisha) [India], July 14 (ANI): Renowned sand artist Sudarsan Pattnaik created a sand art at Puri beach on Sunday. He crafted a sand idol of Lord Shiva to mark the first Monday of the auspicious Sawan month. Sudarsan Pattnaik said, The entire nation is devotional for the first Shravan Somvaar. We have made Lord Shiv 6-feet high sculpture... In Puri Jagannath Dham, there is a temple of Lord Loknath, and here also, many devotees have arrived. As an artist, I am praying to God to bless us wi ...Read More >
Bengaluru: In a significant move to increase tax collections, the govt has begun using Unified Payments Interface (UPI) data to identify traders, especially those accepting payments via QR codes, who have evaded goods and services tax (GST) registration.After analysing UPI transactions, the commercial taxes department recently issued notices to some 14,000 traders. Officials say these individuals have crossed the mandatory GST registration thresholds but failed to register. Under GST rules, trad ...Read More >
New Delhi, July 12: Flipkart GOAT Sale 2025 is now live, unlocking discounts on smartphones, electronics products and gadgets for its customers across India. Starting at midnight on Saturday and will run till July 17. The GOAT sale 2025 is open to everyone as no special membership is needed. While Amazon Prime Day sale 2025 is restricted to Prime members, Flipkart's event allows access to all users. Flipkart Plus members, however, received early access to deals a day earlier, on Friday. From sm ...Read More >
BENGALURU: Following reports of notices issued to small traders by the Commercial Tax Department, the state government clarified on Friday that the action was based on data collected from Unified Payments Interface (UPI) service providers to ensure compliance with Goods and Services Tax (GST) laws. Under the GST Act, in force since July 1, 2017, suppliers with an annual turnover exceeding Rs 40 lakh (for goods) or Rs 20 lakh (for services) are required to register for GST. This turnover include ...Read More >
MUMBAI : Shiv Sena (UBT) MP Sanjay Raut on Friday posted a video on X purportedly showing the state's social justice minister Sanjay Shirsat of the Shiv Sena sitting in a room along with a partially opened bag containing what look like bundles of currency notes. Shirsat, however, rubbished the claim, saying the bag only contained clothes.The allegation came a day after it emerged that Shirsat had received a notice from the income tax department seeking an explanation for increase in his financia ...Read More >
NEW DELHI: The rise in UPI payments has helped reduce use of cash in India, a new paper by a team from IMF has said, while using proxies, such as cash withdrawal from ATMs and currency in circulation as a proportion of GDP."Since its launch in 2016, UPI has grown quickly, while some proxies for cash usage have begun to decline. UPI now processes more than 18 billion transactions per month and dominates other electronic retail payments in India. India now makes faster payments than any other coun ...Read More >
New Delhi, July 11 (UNI) A latest note titled 'Growing Retail Digital Payments: The Value of Interoperability' presented by International Monetary Fund (IMF) highlighted India as a global leader in making fastest payments which is due to the adoption of UPIs or Unified Payment Interface by a wide number of masses. This report is authored by Alexandar Copestake, Divya Kirti, and Maria Soledad Martinez Peria. The global economic watchdog also stressed the transition from cash to card-based transa ...Read More >
India pays digitally: 2025 marks the third year of the 'Har payment digital' initiative by Reserve Bank of India (RBI). Indeed, it is huge leap: India crossed 20 billion payments (approximating ₹250 trillion) through digital modes (Sanjay Malhotra, Governor, Reserve Bank of India, Mumbai, March 10, 2025). However, while there is no denying the convenience and time-saving brought in by the quantum leap in digital payments, do digital payments actually contribute to GDP growth? Are payments leadi ...Read More >
NEW DELHI: The ministry of external affairs (MEA) on Thursday condemned remarks made by Punjab chief minister Bhagwant Mann regarding Prime Minister Narendra Modi's recent five-nation tour, calling them "irresponsible and regrettable." Without directly naming Mann, the MEA disassociated the central government from the statements, which it said undermined India's ties with friendly nations from the Global South."We have seen some comments made by a high state authority about India's relations wit ...Read More >
VMPL Bengaluru (Karnataka) [India], July 10: NimbleEdge, the on-device AI platform built for performance, privacy, and portability, today announced the global launch of its on-device agentic AI platform DeliteAI. It is the first open-source infrastructure that enables developers to build, deploy, and run fully customized AI-native experiences directly on smartphones without relying on the cloud. With the launch of DeliteAI, NimbleEdge is putting a full-stack, production-ready on-device AI plat ...Read More >
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