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The RBI said it has also extended the time for repatriating money in foreign currency accounts maintained in the International Financial Services Centre (IFSC) in India from one month to three months.

The new CBIC directive enabling 90 per cent upfront GST refunds for low-risk taxpayers is set to ease cash-flow pressures and strengthen India’s manufacturing sector

India’s payments authority NPCI and fintech firm Razorpay are collaborating with OpenAl. They are piloting Al-driven payments on ChatGPT. This initiative will allow users to make purchases using India’s Unified Payments Interface. The pilot aims to explore expanding UPI for Al agents to complete transactions securely. Banking partners include Axis Bank and Airtel Payments Bank. Bigbasket is an early participant.

According to the notification, each facility must reduce the amount of greenhouse gases emitted per unit of output compared to a 2023-24 baseline.

The new feature allows users to authenticate UPI payments using their face or biometrics, stored in Aadhar, a move that could eventually replace the traditional four- or six-digit UPI PIN.

Finance Minister Nirmala Sitharaman launched GIFT City’s foreign currency settlement system, enabling local settlement of international transactions. She also highlighted India’s AI advancements and the impact of Direct Benefit Transfers, while emphasizing support for Global capability and fintech’s role in democratizing finance.

The Ministry of Electronics and Information Technology (MeitY) has released the Draft Promotion and Regulation of Online Gaming Rules, 2025, under the Promotion and Regulation of Online Gaming Act (PROG Act), 2025, marking India’s first comprehensive national framework to govern the online gaming ecosystem.

NIT Rourkela researchers developed an indigenous, low-cost force plate, making vital biomechanical diagnostic tools accessible in India. Priced at one-fourth of imported systems, this device measures ground reaction forces, aiding in diagnosing gait abnormalities and designing orthotics. This innovation, now commercialized, promises to democratize healthcare and sports science access across the nation.

Eliminating tuberculosis (TB) depends crucially on the ability to detect early, accurately, and universally, to initiate patients on treatment and curb community transmission

DPIIT, in partnership with Thermo Fisher Scientific, has launched the BioVerse Challenge to mentor 500 biotech start-ups over the next three years, scaling to 1,000 annually by 2030. Aligned with India’s $300Bn bioeconomy vision, the initiative will provide start-ups with training, mentorship, and global expertise through Thermo Fisher’s upcoming Genome Valley facilities and nationwide innovation centers.