Former Navy chief J.G. Nadkarni dead
Mumbai, July 2: Former Indian Navy chief, Admiral Jayant Ganpat Nadkarni passed away here on Monday, an official spokesperson said. He was 86.
Nadkarni, the 14th Chief of Naval Staff (December 1987 - November 1990), breathed his last at the naval hospital here, INHS Asvini.
A widower, he is survived by two sons including one who is a Rear Admiral in the Indian Navy.
Settled in Pune post-retirement, he was an avid maritime historian and was a founding member of the Maritime History Society.
His wife, Vimal Nadkarni, had died in late 2016.
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75% of UPI users may abandon service if transaction fees are introduced: Survey
New Delhi: A recent survey by Localcircles reveals that approximately 75% of UPI users would cease using the service if transaction fees are implemented. The survey, which gathered 42,000 responses from 308 districts, indicates that 38% of users conduct over 50% of their transactions through UPI.
Only 22% of respondents are willing to accept any transaction fee, with a significant majority stating they would stop using UPI altogether. The survey also noted that UPI transactions soared to 131 billion in the fiscal year 2023-24, marking a 57% increase in volume and a 44% increase in value, totaling Rs 199.89 trillion.
Localcircles plans to present these findings to the Ministry of Finance and the Reserve Bank of India to advocate against the imposition of transaction charges. The survey was conducted online between July 15 and September 20, with 15,598 responses specifically addressing transaction fees.
