China tightens oversight of over $3 trillion private fund sector

IANS | June 13, 2026 5:19 PM

New Delhi, June 13 (IANS) China has tightened oversight of its 23 trillion yuan (over $3 trillion) private fund industry amid growing concerns over inefficient capital allocation, fiscal risks and excessive state-backed investments in technology startups, a report has said.

India’s UPI can herald cashless era in South Africa: Report

IANS | June 13, 2026 5:19 PM

New Delhi, June 13 (IANS) India’s real‑time digital payments system Unified Payments Interface (UPI) has been cited by South African Reserve Bank Governor Lesetja Kganyago as a model as Pretoria moves to reduce cash use, a new report has said.