India is better than most of the world in the adoption of Fintech or automated financial services. “India’s adoption rate is 87 per cent as against the global average rate of 64 per cent, which establishes the fact that India is a prime destination for digital payments and activities,” said Union Finance Minister Nirmala Sitharaman. Digital payments have seen a tremendous growth from Rs 2 lakh crore worth of digital transactions in 2019 to Rs 4 lakh crore in 2020. January to August 2021 saw further momentum, clocking Rs 6 lakh crore worth of digital transactions.
World
Moscow adds Navalny to terrorist list
Moscow (TIP): Russian authorities have added imprisoned opposition leader Alexei Navalny and some of his top allies to the registry of terrorists and extremists, the latest move in a multi-pronged crackdown on opposition supporters, independent […]
World
NATO formally invites Finland and Sweden to join alliance
MADRID (TIP): NATO formalized its invitation to Sweden and Finland to join its alliance Wednesday, June 29, a historic expansion of the defense bloc that directly undercuts Russian President Vladimir Putin’s aims as his war […]
United States
Muttontown mayor, husband indicted on tax fraud charges
MINEOLA, NY (TIP): Acting state Supreme Court Judge Terence Murphy of Nassau County unsealed a grand jury indictment that charged Beckerman, 48, with five counts of tax fraud and one count of repeated failure to […]
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