Poging GOUD - Vrij
UPI Can't Remain Cost-Free Indefinitely: Malhotra
The New Indian Express Kollam
|August 07, 2025
Reserve Bank governor Sanjay Malhotra on Wednesday said even as popular unified payments interface (UPI) remains free for users, it is not free as someone is already covering the cost and it can't remain cost-free indefinitely.
Reserve Bank governor Sanjay Malhotra on Wednesday said even as popular unified payments interface (UPI) remains free for users, it is not free as someone is already covering the cost and it can't remain cost-free indefinitely. He added the government will ultimately decide who bears the operational expenses.
Addressing reporters at the customary post-policy presser here Wednesday, the governor, in response to a query on his earlier statement, which alluded to him saying UPI can't be free forever, clarified that "I never said UPI can't stay free forever. What I said was there are costs (associated with UPI transactions), and they need to be paid for by someone."
Dit verhaal komt uit de August 07, 2025-editie van The New Indian Express Kollam.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The New Indian Express Kollam
The New Indian Express Kollam
A Helping of Goodwill
When the Self-Employed Women's Association (SEWA) first began a modest tiffin service for a few office-goers in Ahmedabad, no one could have guessed that those humble lunchboxes would one day spark a café movement.
1 mins
November 02, 2025
The New Indian Express Kollam
Everyone Preaches Justice, No One Lives It
Everybody has their own version of hell.
2 mins
November 02, 2025
The New Indian Express Kollam
The Future of a Stable India Depends on UBI
Kerala, we are told, is now the first state in India to be declared \"extreme poverty-free.
4 mins
November 02, 2025
The New Indian Express Kollam
Connect Before You Correct
Facts rarely change minds; warmth does. Connection disarms defensiveness, turning resistance into willingness to learn
4 mins
November 02, 2025
The New Indian Express Kollam
S’pore submits Zubeen’s autopsy, toxicology reports
THE Assam Police have received crucial postmortem and toxicology reports of music icon Zubeen Garg from Singapore authorities.
1 min
November 02, 2025
The New Indian Express Kollam
A Dam Good Weekend
Punekars have a new getaway, and it's not Goa or Karjat, but quiet waters just outside the city
2 mins
November 02, 2025
The New Indian Express Kollam
EC ORDERS TRANSFER OF PATNA SP OVER MOKAMA VIOLENCE
THE Election Commission of India (ECI) on Saturday ordered the transfer of Patna Superintendent of Police (Rural) Vikram Sihag and disciplinary action against three other officials, two days after a violent clash between supporters of the JD(U) candidate Anant Singh and those of Jan Suraaj Party, including gangster-turned-politician Dular Chand Yadav in Mokama, leaving the latter dead.
1 min
November 02, 2025
The New Indian Express Kollam
A Road Trip to White Male Meltdown
This twisted take on the great American road novel explores guilt, ego, and the restless mind of a man fleeing a failing marriage
3 mins
November 02, 2025
The New Indian Express Kollam
'We can't Live Under a Threat'
Rebecca Ferguson speaks with Hilary Morgan about her latest film, A House of Dynamite, and why it is important to have conversations about nuclear powers
3 mins
November 02, 2025
The New Indian Express Kollam
THE LONG GAME OF BELONGING IN A CITY
WHO does the city really belong to? Those who are born there, those who made it their home, those who migrate there to work and build a life, or those who work for it?
3 mins
November 02, 2025
Listen
Translate
Change font size