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Govt seeks easier FATF rules for UPI's global use

Hindustan Times West UP

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March 29, 2025

India is asking the Financial Action Task Force (FATF), a global money-laundering watchdog, to reduce compliance requirements for cross-border payments made through its homegrown system, several people familiar with the discussions said.

- Reuters

MUMBAI/NEW DELHI:

Launched in 2016, the Unified Payment Interface (UPI) accounted for 83% of India's digital payments volume in 2024, up from 34% in 2019, and dominates the domestic retail payments sector. The government now wants to increase the use of its own payments network by Indians travelling abroad, which could potentially tap into a growing market, and make the global cross-border payments market more competitive.

Hindustan Times West UP से और कहानियाँ

Hindustan Times West UP

TRUMP VENEZUELA TO SEND OIL STOCKS WORTH BILLIONS

President Donald Trump said that Venezuela will hand over tens of millions of barrels of oil to the US, just days after a US raid toppled the country's president, leaving a more cooperative leader in charge.

time to read

1 min

January 08, 2026

Hindustan Times West UP

MOTION TO REMOVE JUSTICE VARMA WASN'T ADMITTED IN RS AS IT WAS DEFECTIVE, SC TOLD

The motion to remove Allahabad high court judge, justice Yashwant Varma, was never admitted in the Rajya Sabha on account of being “defective\", the Lok Sabha Speaker's office told the Supreme Court, marking a fresh twist in the controversy regarding the judge's removal following discovery of wads of currency notes at his official residence in Delhi last year.

time to read

1 min

January 08, 2026

Hindustan Times West UP

Pak eyes defence pact with B’desh, sale of JF-17 aircraft

The air force chiefs of Pakistan and Bangladesh held talks on a potential pact covering the sale of JF-17 Thunder fighter jets to Dhaka, Pakistan’s military said, as Islamabad widens its arms supply ambitions and beefs up ties with Bangladesh.

time to read

1 mins

January 08, 2026

Hindustan Times West UP

Clearing the air about the pollution in Delhi

Every winter, Delhi's air turns hostile.

time to read

3 mins

January 08, 2026

Hindustan Times West UP

New rural jobs scheme a step in the right direction

It incorporates the lessons learnt from 20 years of operational experience under MNREGS and makes it into an effective social security net

time to read

4 mins

January 08, 2026

Hindustan Times West UP

No platform for perversity

X needs reminding that no business model trumps the law, and norms of public decency

time to read

2 mins

January 08, 2026

Hindustan Times West UP

US govt adds B’desh, Nepal among other nations to visa bond policy list

WASHINGTON: President Donald Trump's administration has put 25 more countries on a list of nations whose citizens could be required to post bonds of up to $15,000 to apply for entry into the US, Reuters reported on Wednesday.

time to read

1 mins

January 08, 2026

Hindustan Times West UP

Govt estimates 7.4% GDP growth in FY26

GDP GROWTH INCREASED FROM 6.5% IN 2024-25 TO 7.4% IN 2025-26 ACCORDING TO FIRST ADVANCE ESTIMATES FOR 2025-26 RELEASED BY THE NSO

time to read

1 mins

January 08, 2026

Hindustan Times West UP

SC: State govts failed to implement ABC rules

The Supreme Court on Wednesday observed that it has not ordered killing of stray dogs and emphasised that roads and institutional premises must be kept free of strays in the interest of public safety, even as it came down hard on municipal authorities across states and Union territories for failing to implement the Animal Birth Control (ABC) Rules.

time to read

1 min

January 08, 2026

Hindustan Times West UP

Let constitutional morality guide judicial independence

On the occasion of the 77th Constitution Day, Chief Justice of India (CJI) Surya Kant articulated an idea of constitutional morality that is deeply embedded in the Constitution.

time to read

3 mins

January 08, 2026

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