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India targets 300 mn new users for UPI

Business News - April 15, 2025 - 10:06am
India plans to bring hundreds of millions of new users onto Unified Payments Interface, its real-time payments system, while pitching the platform for wider adoption overseas. National Payments Corporation of India aims to draw an additional 200 million to 300 million Indians to UPI to “break their cash memory” through initiatives including delegated accounts for children and household staff, who may lack access to traditional bank accounts, said Dilip Asbe, its managing director and chief executive.The home-grown payments platform has in the past five years transformed how more than 450 million retail consumers pay for everything from holidays to a cup of tea using their smartphones. Users can scan merchant QR codes to make payments ranging from small amounts to up to 500,000 rupees ($5,817) from their bank accounts — thus far without paying transaction fees. Such is the popularity of UPI that India today accounts for nearly 46% of the world’s digital transactions, after a 90-fold increase in retail digital payments in the past 12 years, according to a PwC report. Stakeholders including Prime Minister Narendra Modi’s government, NPCI and India’s central bank are now looking to capitalize on that success by touting the platform overseas. “The idea is to make remittances very affordable and real-time to all the diaspora,” Asbe said.Global ExpansionNPCI’s domestic focus, as well as the delegated accounts, is also on expanding UPI’s multilingual and conversational chat features to widen access, Asbe said. The outfit is piloting vision recognition technology to encourage higher UPI usage in parking payments, he added.Furthermore, it’s also looking at ways to expand its credit offering for retail customers. UPI already offers small-ticket loans, but Asbe believes its architecture could help lenders to make credit approval decisions based on customer repayment behavior, while also improving collections. “The credit-as-a-service model will also evolve and get some scale in the next three to five years,” Asbe said.Abroad, the Indian government has roped in its embassies to help pitch UPI, according to Asbe, while RBI has reached out to several countries to push the platform. The country’s diaspora transferred a record $129 billion back to India in 2024, the highest sum ever recorded by any country in a single year, according to a World Bank report.Asbe said that besides remittances, UPI could also help with money flowing in the other direction, for example to help Indians pay for overseas education.The Indian government has struck deals with some nations boasting a large Indian presence, such as Singapore and the United Arab Emirates, but is yet to make headway with western nations like the UK, US and Australia.“It might take time because other countries are at a different stage of real-time payments system stabilization,” Asbe added. Transaction FeesDespite the rapid rise in UPI transactions, a potential challenge looms in the question of whether users should be charged a fee for digital payments. At the heart of the debate is the Merchant Discount Rate (MDR) — a fee collected by banks from merchants at the point of sale for processing transactions.UPI payments earlier carried an MDR of 30 basis points, but the government waived the fee in 2020 to accelerate the platform’s adoption. To compensate merchants, incentives were rolled out to cover operational costs, but those plummeted from 36 billion rupees in 2024 to 15 billion rupees the following year. Industry bodies have pushed to reinstate the transaction fee. Such a move could pump the brakes on UPI’s growth. A recent LocalCircles survey of 32,000 respondents revealed that 73% of UPI users would stop using the service if a transaction fee is imposed.The UPI ecosystem is working with the government and RBI to make the platform viable “by creating a small fee for the large merchants,” Asbe said.
Categories: Business News

HDFC Defence Fund hikes stake in BEML & Solar Industries, adds Centum Electronics in March

Business News - April 15, 2025 - 9:27am
HDFC Defence Fund, the only defence fund based on defence sector, increased its stake in two stocks - BEML and Solar Industries and added Centum Electronics in its portfolio in March.The defence fund added around 50,068 shares of Solar Industries India taking the total number of shares to 5.67 lakh in March against 5.17 lakh in February. Around 18,603 shares of BEML were added to the portfolio in March. Also Read | Mutual fund SIP stoppage ratio jumps to 128% in March; 51 lakh folios closedThe fund did not reduce its exposure in any stock in the mentioned time period. The exposure in 19 stocks remained unchanged. The fund added only one new stock in the portfolio which was Centum Electronics and around 2.58 lakh shares were added to the portfolio in March.The fund had around 22 stocks in the portfolio in March against 21 stocks in February and the fund also did not make complete exit from any stock in the mentioned period.Based on the portfolio classification by industry, the fund has the highest exposure in Capital goods of around 66.76%, followed by chemicals of around 15.29%. In infrastructure, the fund had an exposure of 6.66%, followed by electricals where the exposure was 2.89%.In the aviation sector, the fund house had an exposure of 2.72%, followed by power where the exposure was 0.86% and iron & steel of an exposure 0.66%.HDFC Defence Fund is an open-ended equity scheme investing in Defence & allied sector companies.Also Read | Gold price breaks records, yet ETFs see outflow. Investors withdrew Rs 77 crore in MarchThe scheme is suitable for investors who are seeking to generate long-term capital appreciation / income and want investments predominantly in equity and equity related instruments of defence and allied sector companies.The scheme is benchmarked against Nifty India Defence Index TRI and has an AUM of Rs 4,975 crore in March against Rs 3,880 crore as on February 28, 2025.The minimum amount of investment is Rs 100 and any amount thereafter. The schemes allocates 80-100% in equity and equity related instruments of Defence & allied sector companies, 0-20% in equity and equity related instruments of companies other than Defence & allied sector companies, 0-10% in units issued by REITs and InvITs, 0-20% in debt securities, money market instruments and fixed income derivatives, and 0-5% in units of mutual fund.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Categories: Business News

'वे गाड़ी भेज रहे हैं', पटना एयरपोर्ट पर पुणे के कारोबारी की पत्नी से आखिरी बात; किडनैपिंग और हत्या के पीछे कौन?

Dainik Jagran - April 15, 2025 - 9:08am

जागरण संवाददाता, पटना। पटना एयरपोर्ट से अगवा पुणे के व्यवसायी लक्ष्मण साधु शिंदे (55) का शव सोमवार को हवाईअड्डा थाने की पुलिस ने जहानाबाद जिले से बरामद किया।

जहानाबाद पुलिस को 12 अप्रैल को घोषी थाना क्षेत्र में झुमकी एवं मानपुर गांव के बीच सड़क किनारे उनका शव मिला था, लेकिन तत्काल पहचान नहीं हो सकी थी। शव का पोस्टमार्टम करा दिया गया था।

प्रारंभिक रिपोर्ट में गला दबा कर हत्या किए जाने की बात सामने आई थी। वहां की पुलिस शव को लावारिस मानकर अंतिम संस्कार करने की तैयारी में जुटी ही थी कि पटना पुलिस ने पहचान बताई।

इसके साथ ही शव को बरामद कर स्वजन को सौंप दिया गया। हवाईअड्डा थाने में व्यवसायी के अपहरण की प्राथमिकी की गई थी।

थानेदार ने बताया कि पटना पुलिस अब अपहरण कर हत्या की दिशा में अनुसंधान करेगी। अभी हत्या का कारण स्पष्ट नहीं है। सभी बिंदुओं पर छानबीन की जा रही है।

पुणे पुलिस के साथ पटना आए थे रिश्तेदार

लक्ष्मण साधु शिंदे मूलरूप से पुणे के कोर्थूड़ थानांतर्गत एकलव्य कालेज के करीब इंद्रायणी को-ऑपरेटिव हाउसिंग सोसायटी डी/01 के रहने वाले थे।

उनके साढ़ू विशाल लवाजी लोखंडे की लिखित शिकायत पर रविवार को हवाईअड्डा थाने में प्राथमिकी हुई थी। लोखंडे ने पुणे के कोर्थूड़ थाने में गुमशुदगी की शिकायत की थी। इसके बाद वे पुणे पुलिस के साथ पटना आए थे।

उन्होंने पटना पुलिस को बताया था कि 11 अप्रैल की शाम साढ़े सात बजे शिंदे इंडिगो की फ्लाइट संख्या 6ई-653 से पुणे से पटना आए थे।

इसके बाद उन्होंने पत्नी से बात की और बताया कि शिवराज सागी नामक व्यक्ति गाड़ी भेज रहे हैं। उसी वाहन से वे झारखंड में कोल इंडिया कंपनी के कार्यालय में जाएंगे।

उसी रात दूसरे व्यक्ति ने उठाया था कॉल

शिंदे की पत्नी रत्नाप्रभा ने पुलिस को बताया कि उन्होंने 11 अप्रैल की रात साढ़े नौ बजे पति के नंबर पर कॉल की तो उनका मोबाइल बंद आ रहा था।

एक घंटे बाद मोबाइल खुला और मिस कॉल अलर्ट का मैसेज पाकर उन्होंने दोबारा संपर्क किया। इस बार फोन किसी दूसरे व्यक्ति ने उठाया और बोला कि शिंदे साहब बाथरूम गए हैं।

इसके बाद उन्होंने कई बार संपर्क करने का प्रयास किया, लेकिन मोबाइल लगातार बंद आ रहा था। अगली सुबह उन्होंने इसकी जानकारी जीजा लोखंडे को दी तो उन्होंने पुणे के थाने में शिकायत की।

नालंदा के हिलसा में मिली आखिरी लोकेशन

सूत्रों की मानें तो पुलिस ने जब शिंदे और सागी दोनों के नंबरों की काल रिकार्ड खंगाली तो आखिरी लोकेशन नालंदा जिले के हिलसा की मिली थी।

इसके बाद पटना पुलिस ने आसपास के जिलों की पुलिस को शिंदे की तस्वीर भेजी, फिर जहानाबाद पुलिस ने संपर्क साधा था। सागी के कॉल रिकॉर्ड में संदिग्ध नंबर मिले हैं, जो साइबर अपराधियों के बताए जा रहे हैं।

वहीं, जहानाबाद पुलिस को जहां से शव मिला, उस स्थान पर हत्या किए जाने से संबंधित साक्ष्य नहीं पाए गए। ऐसा अनुमान लगाया जा रहा है कि हत्या कहीं और की गई एवं शव को जहानाबाद में लाकर ठिकाने लगाया गया था। अंदेशा है कि साइबर अपराधियों ने झांसा देकर शिंदे को पटना बुलाया और उनकी हत्या कर दी।

यह भी पढ़ें-

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