UPI transaction value increased 18% year-on-year to Rs 29.37 lakh crore in September, while transaction volume rose 23% to 24.07 billion, according to NPCI data. Meanwhile, traders withdrew their call for a “No UPI Day” after meeting Finance Minister Nirmala Sitharaman over proposed charges on certain merchant UPI transactions.
Apple Pay has launched in India, initially supporting Axis Bank-issued Visa and Mastercard credit cards on iPhone, iPad and Apple Watch. Industry experts said the service could boost card payments among Apple users, while UPI is expected to continue dominating everyday digital payments.
The India-New Zealand free trade agreement will take effect on October 20, offering Indian exporters 100% duty-free access across 8,284 tariff lines. TPCI said the pact could boost exports, support MSMEs and help double bilateral trade to $5 billion within five years.
South Korea’s Fair Trade Commission has begun deliberations over alleged violations by Korean Air, Jin Air and Asiana Airlines of seat capacity requirements imposed as conditions for the Korean Air-Asiana merger. The watchdog’s examiner has recommended penalties and a criminal investigation.
Finance Minister Nirmala Sitharaman said the Asian Infrastructure Investment Bank (AIIB) could expand beyond physical infrastructure financing to support AI, MSMEs and skilling in India. At the AIIB Annual Meeting in Doha, she highlighted the role of AI adaptability and manpower training in strengthening MSMEs
Copenhagen researchers say chatbots provide less varied information than Google, raising concerns over a potential “knowledge collapse”
Warehousing growth in India is expected to spread beyond major Grade A cities, with Odisha, West Bengal and Assam emerging as potential growth markets, according to Pankaj Kumar Bhardwaj of Adani Ports and SEZ. The company is also focusing on B and C grade cities, port-led logistics and export-import infrastructure.
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