digital economy

April 30, 2026 9:55 PM

Unified Payments Interface at 10: UPI emerges as world’s largest real-time payments platform, anchoring India’s digital economy

A decade after its launch, the Unified Payments Interface (UPI) has transformed from a fledgling digital experiment into the world’s largest real-time payments platform, powering nearly half of global instant payment transactions and redefining how India pays, saves and transacts. Launched on April 11, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), UPI today stands as the backbone of India’s digital economy - driv...

October 14, 2025 9:31 PM

Ashwini Vaishnaw hails Google AI Hub in Vizag as milestone for India’s digital future

Union Minister for Electronics and Information Technology Ashwini Vaishnaw on Tuesday described the newly announced Google AI Hub in Visakhapatnam as a “transformative step” for India’s digital economy. Speaking at Bharat AI Shakti, an event hosted by Google ahead of the India AI Summit, the Minister said the facility would accelerate AI-first infrastructure, create high-value jobs, and advance India’s AI leadership. “The Google AI hub ushers in a new era for India's digital economy. ...

January 5, 2025 3:20 PM

Digital data protection rules to empower citizens, curb harms: Govt

The draft Digital Personal Data Protection (DPDP) rules aim to safeguard citizens’ rights for the protection of their personal data and address specific challenges like unauthorized commercial use of data and digital harms, the Ministry of Electronics and Information Technology said on Friday. The rules aim to give citizens greater control over their personal data by introducing provisions for informed consent, data erasure rights, and an effective grievance redressal mechanism. Parents and g...