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India News: India's central government plans to showcase the country's digital public goods and its 'Digital India' initiative during its G20 Presidency by provid
The interoperability between DigiRupee and UPI will make it easier for customers to use the digital currency for everyday transactions.
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India's goods and services tax (GST) increased by 11% in August to ₹1.59 lakh crore, maintaining strong growth. Other high-frequency indicators for August, including the S&P Global India Manufacturing Purchasing Managers' Index (PMI) and car sales, also showed positive signs for the economy. The demand for aviation turbine fuel (ATF) rose by 9.5% year-on-year, and the Unified Payments Interface (UPI) crossed 10 billion transactions for the first time in August.
Goods and services tax (GST) rose 11% in August from a year earlier to ₹1.59 lakh crore, maintaining the recent robust pace of growth, though easing slightly from ₹1.65 lakh crore in July, showed data released on Tuesday.