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Jaitley said RuPay’s total transactions had leapt to 84.3 billion rupees ($1.16 billion) as of September, from 11 billion rupees before demonetization. Total transactions done using UPI had jumped to 598 billion rupees ($8.26 billion) from 500 million rupees in October 2016, around the time it was launched. Reuters reported last week that Mastercard complained to the Office of the United States Trade Representative on June 21 that Modi “associated the use of RuPay cards with nationalism, claiming it serves as ‘kind of national service’.” steampunk watch movement cufflinks uk sale.
The Mastercard note said that while Modi’s digital payments push was “commendable”, the Indian government had adopted “a series of protectionist measures” to the detriment of global companies. The story sparked a backlash on social media against Mastercard in India, one of the world’s biggest payments growth markets. Several people said on Twitter they had asked their banks to replace their Mastercard with RuPay, with some using the hashtag #BoycottMastercard to voice their concerns steampunk watch movement cufflinks uk sale.
One user posted a picture of a Mastercard cut into pieces, while another named Ramesh uploaded a graphic with a Mastercard logo on a toilet flush. A spokesman for the Delhi arm of Modi’s ruling party, the Bharatiya Janata Party, said he had asked his bank to cancel his Mastercard and switch to RuPay. Mastercard did not respond to Reuters’ emailed request for comment on the social media backlash. Ashwani Mahajan, who heads an economic group, Swadeshi Jagran Manch, which is linked to the ideological parent of Modi’s party, said on Thursday that companies such as Mastercard should be “competing with RuPay, not complaining to the U.S. government” steampunk watch movement cufflinks uk sale.
ZHUHAI, China (Reuters) – China is squeezing itself into a gap in the market for aircraft seats – a low-key effort compared with plans for a Sino-Russian jetliner or the military might paraded at this week’s Airshow China, but one that may earn it a key role in global supply chains. Bottlenecks in the supply of seats have disrupted jetliner production and created a major headache for Western planemakers in recent years, as manufacturers struggled to keep up with booming air traffic and growing demand for customized cabin features steampunk watch movement cufflinks uk sale.
Consolidation has already reshaped the market; first B/E Aerospace became part of U.S. business Rockwell Collins, then France’s Zodiac Aerospace lost a bid to stay independent and got taken over by Safran. Now China is trying to secure its place in the new landscape. “It’s a big opportunity,” Wu Si, a sales manager at Jiatai Aircraft Equipment Co Ltd, a subsidiary of state aerospace giant AVIC, told Reuters steampunk watch movement cufflinks uk sale. China’s expansion into seats reflects an ambition to build its position as a broad supplier to foreign planemakers while deepening the skills and post-sales experience needed to develop its own aircraft industry, analysts said..