Digital payment

To avert inconvenience to citizens, the government said on Saturday that up to 25% of FASTag lanes at the National Highway toll plazas would be treated as hybrid lanes for a month.The hybrid lane will accept FASTag and other modes of payment.The government earlier had announced rollout of mandatory FASTag under electronic toll collection from December 1, which was later extended to December 15, 2019."Considering the request of NHAI and further the citizens are not put to inconvenience... it is decided that depending on the traffic pile up at high traffic volume fee plazas, not more than 25 per cent 'FASTag lane of fee plaza' may be temporarily converted to hybrid lanes," the Ministry of Road Transport and Highways said.This is to be considered on a case to case basis, it added."A daily evolution of such cases be made to take necessary corrective action," it said.It should be ensured that the least possible number of the declared FASTag lanes are converted into hybrid lanes and at least … [Read more...] about 25% FASTag lanes to accept other payment modes for a month

In a thumbs up to India’s Unified Payments Interface (UPI) scheme, Google has written to the U.S. Federal Reserve Board detailing the successful example of UPI-based digital payments in India in order to build ‘FedNow’ — a new interbank real-time gross settlement service (RTGS) for faster digital payments in the U.S.In a letter written by Mark Isakowitz, vice president, Government Affairs and Public Policy, U.S. and Canada, Google, the company said it worked closely with the National Payments Corporation of India (NPCI), the payment regulator governed by the Reserve Bank of India (RBI), to build ‘Google Pay’ for the Indian market.NPCI deployed a real-time payment system UPI in 2016. UPI was thoughtfully planned and critical aspects of its design led to its success, Google said.“First, UPI is an interbank transfer system [there are now over over 140 member banks, after initially launching with 9 participating banks]. Second, it is a real-time … [Read more...] about Google wants U.S. Fed to follow India’s UPI example

NEW DELHI: In a thumbs up to the Indian government's Unified Payments Interface (UPI) scheme, Google has written to the US Federal Reserve Board detailing the successful example of UPI-based digital payment in India in order to build "FedNow" -- a new interbank real-time gross settlement service (RTGS) for faster digital payments in the US. In a letter written by Mark Isakowitz, Vice President, Government Affairs and Public Policy, US and Canada, Google, the company said it worked closely with the National Payments Corporation of India (NPCI), the payment regulator government by the Reserve Bank of India (RBI), to build 'Google Pay' for the Indian market. NPCI deployed a real-time payment system UPI in 2016. According to Google, UPI was thoughtfully planned and critical aspects of its design led to its success. "First, UPI is an interbank transfer system (there are now over over 140 member banks, after initially launching with 9 participating banks). Second, it is a real time … [Read more...] about Google wants US Fed Reserve to follow India’s UPI example

Anand (Gujarat): Vice President M Venkaiah Naidu on Saturday invoked Mahatma Gandhi's "suggestion" to disband the "Congress as a platform" after India attained independence from the British in 1947. Naidu also said everybody celebrated the Supreme Court's unanimous verdict on the Ayodhya dispute, clearing the decks for the construction of a Ram temple. The vice president was speaking as the chief guest to mark the 40th Foundation Day of the Institute of Rural Management, Anand (IRMA) on the National Dairy Development Board (NDDB) campus. "Mahatma Gandhi gave two suggestions after Independence. First, he asked for the closure of the Congress as a platform. I am telling you for your information that the Congress was primarily a movement of people of different ideologies," he said. The vice president recalled that people had gathered under the leadership of Mahatma Gandhi, Gopal Krishna Gokhale,Bal Gangadhar Tilak with the goal to achieve independence. "They came together and fought for … [Read more...] about V-P Venkaiah Naidu Recalls Mahatma Gandhi’s Suggestion to Disband Congress After Independence

For Quick Alerts Subscribe Now Here are your evening stories View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts Just In 8 min ago PM Modi only misled people in last 6 years: Manmohan Singh 15 min ago Farooq Abdullah to be in PSA detention for 3 more months 21 min ago 2019: When Supreme Court shut the Rafale controversy Must Watch Don't Miss Movies NBK 106 Update: Srikanth To Play Villain In The Balakrishna Starrer? Technology OPPO Fantastic Days Sale Offers: Oppo F11 Pro, Oppo Reno 2, Oppo A11, Oppo A5s, Oppo A3s And More Lifestyle Rasika Dugal's Black Outfit Can Easily Elevate Your Formal Look Sports Mayank Agarwal looks to make his mark in the white ball cricket Finance RBI To Offer Liquidity Support Scheme For 24X7 Functionality Of Neft Travel How Is Christmas Celebrated In Different Parts Of India Automobiles New 2020 Suzuki Hayabusa Launched In India: Priced At Rs 13.75 Lakh Education AIIMS BSc Nursing … [Read more...] about Venkaiah Naidu recalls Mahatma’s ‘view’ to shut Congress platform