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India’s Unified Payment Interface (UPI) services will be rolled out in Sri Lanka and Mauritius at a virtual ceremony on Monday that will be witnessed by Prime Minister Narendra Modi and the top leadership of the two island nations. India’s RuPay card services would also be launched in
Given India’s robust cultural and people-to-people linkages with Sri Lanka and Mauritius, the launch will benefit a wide cross-section of people through a faster and seamless digital transaction experience and enhance digital connectivity between the countries,” the statement said
PTI Prime Minister Narendra Modi, Sri Lankan President Ranil Wickremesinghe and Mauritius Prime Minister Pravind Jugnauth will witness on Monday, via video conferencing, the launch of Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, it was announced here on Sunday. The launch will enable the availability of UPI settlement services for Indian nationals…
6.30pm Tues 13 Feb | Laura Citron, Riccardo Crescenzi, Nigel Driffield, Richard Harrington | Registration Required | Free public event at LSE
Budget expectations: As India prepares for the 2024 interim budget before the Lok Sabha elections, there is optimism that the budget will focus on rural jobs and schemes, including initiatives like 'Make in India,' expansion of Production-Linked Incentive (PLI) schemes, and targeted agriculture-related subsidies and incentives. Lower subsidies in the budget may put pressure on rural demand, but the government is expected to divert savings towards spending on rural infrastructure and incentives that improve cash flow.