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.