After Visa complained to US govt about Indian govt promoting RuPay, Modi govt announces incentive scheme for RuPay and BHIM-UPI

The union cabinet today approved an incentive scheme to promote the use of RuPay debit cards and low-value BHIM-UPI transactions. The scheme, which will promote the use of RuPay debit cards and person to merchant UPI transactions upto Rs 2,000, was approved in a cabinet meeting on Wednesday chaired by Prime Minister Narendra Modi.   … Read more

First made-in-India memory chip will be produced at Micron plant in Gujarat by year-end, South Korean firm Simmtech to collaborate: Ashwini Vaishnaw at Vibrant Gujarat Summit

The first made-in-India memory chip will roll out from the Micron plant in Gujarat by the end of the year due to a successful agreement the state government struck with South Korean firm Simmtech. The company which produces high-layer printed circuit boards for semiconductors would establish operations to assist Micron’s semiconductor plant in Gujarat, union … Read more