India's GIFT City, a global financial hub, has received a significant fiscal boost with its tax holiday extended to 20 years. Entities will then be taxed at a lower 15% rate, enhancing offshore financial competitiveness. This move strengthens GIFT City's position as a globally competitive financial hub.
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Sunday, February 1, 2026
BANKING
Unified Payments Interface transactions hit a new high in January. Indians made 21.7 billion UPI payments. The total value of these transactions reached Rs 28.33 lakh crore. This shows a significant increase from the previous month. The growth in UPI usage continues to be strong. This digital payment system is rapidly expanding its reach across the nation.
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from Banking/Finance-Industry-Economic Times https://ift.tt/y3xdJ9n
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