Small firms and shops who are already under pressure due to the Covid-19 effect and skyrocketing inflation will be negatively impacted by a hike in the repo rate, which has a direct impact on lending rates. Retailers with few...
The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) announce a project to link their respective fast payment systems viz. Unified Payments Interface (UPI) and PayNow. The linkage is targeted for operationalization by July 2022.
The...
For the year 2021, India is the Chair of the BRICS (Brazil, Russia, India, China & South Africa). Of the various groups of BRICS, the Contact Group on Economic and Trade Issues (CGETI) is responsible for economic and trade...
The Government has launched a Bad Bank with all the regulatory approvals in place. This was stated by Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in the Lok Sabha.
The Finance...
Donations to social causes witness a massive 731% growth in the number of transactions & 2308% growth in expenditure in lockdown 2.0 vis a vis pre-lockdown 2.0
The number of retail and e-commerce transactions grew by a record...
Instantaneous loans for Sellers at ‘GeM SAHAY’ app;
GeM has now over 6,90,000 MSE sellers and service providers onboard;
Since its inception GeM has facilitated 67.27 lakh orders worth Rs. 111,113 Crores for 52,275 Govt buyers;
GeM providing online market access to...
Merchants can target 350mn+ consumers with “Pay with Rewards” Loyalty Point Issuer partner program
Merchants can access aggregated loyalty points with customers worth INR 4000+ crore
New Delhi, June 3, 2021: PayU, India’s leading online payments solutions provider,...
For gaming and entertainment, the number of transactions made at night increased by 34%
Edtech witnesses 78% increase in the number of transactions; 44% increase in expenditure in 2020
North-eastern states witnessed huge increase in digital adoption
New Delhi,...
Emphasizes the need to bring back great Indian tradition of holistic education
Aim of the education is to build character and create well-rounded individuals – Vice President
‘Approach tribals with respect and sensitivity’ – Vice President to policy makers
Says, we have...
In order to enable institutional and retail investors to plan their investments efficiently and provide transparency and stability to the Government securities market, an indicative calendar for issuance of Government dated securities for the first half of the fiscal...
