Digital payments in India jump tenfold in seven years as UPI transactions soar
New Delhi: Digital payments in India have surged more than tenfold over the past seven years, according to data shared in Parliament on Monday by the Ministry of Finance, as cited by NDTV.
The overall value of digital transactions has increased from 2,071 crore in FY 2017-18 to 22,831 crore in FY 2024-25. This increase represents a compound annual growth rate (CAGR) of 41%. The data also revealed that the transaction value has grown from ₹1,962 lakh crore to ₹3,509 lakh crore.
UPI transactions in India jumped from 92 crore in FY 2017-18 to 18,587 crore in FY 2024-25, reflecting a compound annual growth rate (CAGR) of 114%. The total value of UPI transactions rose from ₹1.10 lakh crore to ₹261 lakh crore during the same period.
The spike comes days after new UPI rules took effect, requiring payment apps to display the final status of transactions instantly and imposing strict timelines for processing auto-pay mandates.
Meanwhile, Reserve Bank of India Governor Sanjay Malhotra emphasised that while the country remains committed to making digital payments efficient, secure, and accessible, the sustainability of the supporting infrastructure must not be overlooked.
“I never said that UPI can’t remain free forever… there are costs, and these costs have to be paid by someone. The government is subsidising it right now, but the real question is, who pays for it," NDTV Profit quoted Malhotra as saying.
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Delhi court sentences CBI joint director to 3 months' imprisonment in IRS officer assault case
New Delhi (PTI): A Delhi court has sentenced two CBI officers to three months' imprisonment for assaulting and trespassing into the residence of an Indian Revenue Service (IRS) officer during a raid over two decades ago.
Judicial Magistrate Shashank Nandan Bhatt was hearing the arguments on the sentence against the convicted retired police officer V K Pandey and Ramneesh, who was serving as a superintendent of police when the raid was conducted in 2000.
Ramneesh is at present a joint director at the Central Bureau of Investigation (CBI).
The court also fined Rs 50,000 each to both the accused.
Both were accused under IPC sections 323 (voluntarily causing hurt), 427 (mischief) and 448 (criminal trespass) in a complaint filed by IRS officer Ashok Kumar Aggarwal.
The case pertained to an incident on October 19, 2000, when a CBI team carried out a search and arrest operation at Aggarwal's residence in Paschim Vihar.
Aggarwal alleged that the officials forcibly entered his house in the early hours, assaulted him and violated legal procedures during the arrest.
#WATCH | Delhi | Former IRS officer assault case. | Tis Hazari Court sentenced CBI joint director Ramneesh and Retired ACP Vivek Pandey to 3 months sentence in an assault case filed by former IRS officer Ashok Agarwal. The court has granted them bail to challenge the judgment.… https://t.co/RwAxjMrWDK pic.twitter.com/2FlkG4rDs0
— ANI (@ANI) April 28, 2026
