digital transactions
PM Modi Highlights India's Transformation: From Maoist Challenges to Economic Powerhouse at NDTV World Summit
Oct 18, 2025 12:03 am CST
At the NDTV World Summit, Prime Minister Narendra Modi outlined India's remarkable journey from a 'Fragile Five' economy to a global top-five economic power. He emphasized how government initiatives have reduced Maoist-affected districts from 125 to just 11, democratized policies previously limiting economic participation, and positioned India as a center for global investment. The Prime Minister contrasted current achievements with past challenges, highlighting growth in digital transactions, financial inclusion, and infrastructure development that has transformed India into an "Unstoppable Bharat."
India Dominates Global Digital Payments with 50% Market Share, PM Modi Highlights UPI Success at NDTV Summit
Oct 17, 2025 11:28 pm CST
Prime Minister Modi announced at the NDTV World Summit 2025 that India now accounts for 50% of global digital monetary transactions, with UPI payments surpassing Visa in daily volume. The International Monetary Fund has recognized India as the global leader in fast payments, while economic indicators show strong growth with the IMF upgrading India's GDP forecast to 6.6% for 2025/26.
India's New Toll Payment Rules: Double Fee for Cash, 1.25x for UPI Starting November 15
Oct 15, 2025 07:18 pm CST
Starting November 15, India implements new toll payment regulations requiring vehicles without FASTag to pay double fees for cash payments and 1.25 times the rate for UPI transactions. This amendment aims to promote digital payments, improve traffic flow, and enhance toll collection efficiency across national highways. The NHAI's FASTag system, which uses RFID technology for automatic toll deduction, has expanded significantly since becoming mandatory in 2021, with its annual pass option already reaching 25 lakh users.