RBI Deputy Governor is saying that charging a fee on UPI payments would not make people go back to using cash.
In other words, even if UPI transactions become slightly more expensive due to a fee, the RBI believes people will continue using UPI rather than switching to cash.
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US National Debt
2011: $14.79T
2012: $16.06T
2013: $16.73T
2014: $17.82T
2015: $18.15T
2016: $19.57T
2017: $20.24T
2018: $21.51T
2019: $22.71T
2020: $26.94T
2021: $28.43T
2022: $30.93T
2023: $33.17T
2024: $35.46T
2025: $37.64T
2026: $39.50T (currently)
That's an increase of 167% since 2011
US Department of Justice is investigating alleged insider trading tied to trades that inflicted losses at Susquehanna; the US Securities and Exchange Commission is conducting a parallel probe.
The U.S. and Oman are looking for ways to break Iran’s insistence on charging tolls for shipping to pass through the Strait of Hormuz. Tehran isn’t taking the bait.
Crowds forced their way into a supermarket in Nanterre, France, as residents rushed to buy air conditioners during a severe heatwave.
Keir Starmer will introduce emergency legislation tomorrow to let all pubs stay open until 5am for England’s 1am match against Mexico on Monday
India’s IT Ministry sends notices to Telegram and Signal, after WhatsApp, over security risks linked to the username feature.
U.S. Treasury says Trump Account investment options will include ETFs from BlackRock, Vanguard, and State Street.
President Trump said talks on Iran’s denuclearization are progressing well, with Qatar mediating negotiations between Washington and Tehran. Key issues, including sanctions relief and nuclear inspections, remain under discussion.
European NATO allies have largely filled the defense gaps left by the U.S., with only a few shortfalls remaining, NATO’s top commander says.
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Addressing the reported friction, Leiter stated: "During one of the update calls, a professional, substantive, and at times sharp discussion took place, during which a range of views was heard regarding the best way to maximize the achievements of the negotiations while fully safeguarding Israel's vital interests."
Reports from within the Israeli government indicate a heated clash between Prime Minister Benjamin Netanyahu and his Ambassador to Washington, Yechiel Leiter, over a proposed deal with Lebanon. Axios reporter said Leiter raised his voice during a call while insisting that the agreement represents a crucial achievement that Israel should sign immediately.
Chinese President Xi Jinping and Russian President Vladimir Putin on Sunday sent congratulatory letters, respectively, to the tenth China-Russia Expo-Xinhua