India Post, NIPL To Ease Global UPI Remittances
The Department of Posts (DoP), Ministry of Communications, Government of India, and NPCI International Payments Limited (NIPL), the overseas arm of the National Payments Corporation of India, have signed a Non-Disclosure Agreement (NDA) for a pioneering collaboration to revolutionise inward remittances to India.This initiative will integrate India’s Unified Payments Interface (UPI) with the Universal Postal Union’s Interconnection Platform (UPU-IP), creating a cost-effective, secure and real-time remittance solution for the Indian diaspora.The partnership aims to modernise cross-border pay..
Minda, Qualcomm Join Forces for Smart Auto Cockpit Tech
Minda Corporation Limited, the flagship of the Spark Minda Group, has announced a strategic partnership with Qualcomm Technologies, Inc. to develop intelligent and connected cockpit solutions for the Indian automotive market. The upcoming smart interface will be powered by Qualcomm’s Snapdragon Cockpit Platform.Commenting on the collaboration, Suresh D, Group CTO of Minda Corporation, said, “This partnership with Qualcomm Technologies marks a major milestone in advancing Minda’s digital cockpit capabilities. By utilising Qualcomm’s cutting-edge automotive platforms, we can now offer se..
Railways Spent Rs 604.7 Billion on Passenger Subsidy in FY24
New Delhi – The Indian Railways provisionally spent Rs 604.7 billion in subsidies during the financial year 2023–24, covering 45 per cent of passenger travel costs, Railway Minister Ashwini Vaishnaw informed the Lok Sabha on Wednesday.In a written response to questions from multiple Members of Parliament regarding the recent rail fare hike, Vaishnaw stated that the Indian Railways continues to offer one of the most affordable transport services globally, ferrying over 7.2 billion passengers annually."The total amount of subsidy provided in FY 2023–24 on passenger travel is provisionally ..
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