Favara-UPI cross-border payments go live between Maldives and India

IANS | July 31, 2026 2:59 PM

New Delhi, July 31 (IANS) The Maldives Monetary Authority has announced the successful go-live of the integration between the Maldives Instant Payment System, ‘Favara’, and India’s Unified Payments Interface (UPI), according to a press statement issued by the Finance Ministry on Friday.

Without ethanol blending, petrol price could have hit Rs 125 per litre: Govt

IANS | July 31, 2026 2:11 PM

New Delhi, July 31 (IANS) Petrol prices in Delhi would have risen to around Rs 125 per litre during the recent West Asian crisis without ethanol blending, the government said on Friday, claiming the programme helped consumers save nearly Rs 30 per litre by cushioning the impact of the global crude oil price surge.

West must take India more seriously in role to balance China: Report

IANS | July 31, 2026 1:41 PM

New Delhi, July 31 (IANS) While for the last 20 years, Western governments have seen India as indispensable to the 21st-century order, they have not matched this with capital investment which has instead been flowing into China over the last 30 years and created a strategic adversary, according to an article published Lowy Institute, an Australian think tank.

India exports Neelam, Totapuri mangoes to Maldives for first time

IANS | July 31, 2026 1:17 PM

New Delhi, July 31 (IANS) The Agricultural and Processed Food Products Export Development Authority (APEDA) has facilitated the first-ever air shipment of Karnataka's Neelam and Totapuri mangoes to the Maldives to promote India's late-season mango varieties in overseas markets, an official statement said on Friday.