UPI Volume Growth Trends Unified Payments Interface (UPI) continues its upward trajectory, showcasing remarkable growth in transaction volume over the past months. According to data, UPI transactions surged from 8,038.59 million in January 2023 to a staggering 13,440 million in March 2024. This consistent rise underscores the increasing popularity and adoption of UPI as the …
The Gati Shakti scheme was introduced to connect infrastructure projects, lower logistics costs, enhance connectivity, and boost job creation. The project has significantly improved Indian Railways’ revenue. The Gati Shakti Cargo Terminal serves commercial needs like freight transport. Gati Shakti Scheme The central government aimed to establish 100 Gati Shakti Terminals within a five-year timeframe …
The Reserve Bank of India (RBI) has highlighted the potential impact of heatwaves on inflation in its recent reports. According to this, the prolonged heat waves could pose a risk to inflation by directly impacting agricultural production and pushing up food prices. Additionally, geopolitical tensions could also contribute to inflationary pressure by affecting commodity prices, …
The Reserve Bank of India has instructed the regulated non-bank Payment System Operators (PSOs) to monitor and report suspicious or high-value transactions due to the ongoing Lok Sabha elections, aiming to prevent misuse of e-fund transfers for voter influence or indirect funding of candidates. RBI seeks to enhance transparency and curb illegal financial activities, especially …
Foreign Portfolio Investors (FPIs) play a crucial role in the Indian stock market. Their investment decisions can significantly impact market volatility and overall health. Our analysis reveals a mixed picture. While there’s no clear, consistent pattern across all elections, the data suggests some interesting trends. In the 2014 elections, FPI net total flows were positive …
Amid tensions between Maldives and India, the Directorate General of Foreign Trade on Monday issued a notification imposing port restrictions for the export of essential commodities to the island nation during the fiscal year 2024-25. What has Happened? The Directorate General of Foreign Trade has imposed port restrictions on exporting essential commodities to the Maldives …
In a bid to enhance transparency and protect consumers, the Reserve Bank of India (RBI) has introduced new regulations for retail and MSME term loans. These changes, effective from October 1, 2024, are set to revolutionize the lending landscape in India. The cornerstone of these regulations is the Key Fact Statement (KFS), which aims to …
Indian Railways, often referred to as the “lifeline of the nation,” plays a crucial role in connecting people, industries, and regions across India. As the country gears up for elections, the focus on railway development has intensified. In this article, we delve into the ambitious plans and projects that Indian Railways aims to undertake post-elections. …
India’s retail inflation eased to 4.85 per cent on an annual basis in March as against 5.09 per cent in the previous month, Analysts had estimated the number to come down to 4.91 per cent. Meanwhile, industrial production surged to a four-month high of 5.7 per cent in February compared with 4.2 per cent in …
Last week in the US, the consumer price index (CPI) came in hotter than expected in March, and as a result, the rising inflation number threw cold water on hopes of a slashing of interest rates from the US Federal Reserve in the month of June. Let’s now deep dive into the crux of this …
