What is UPI and Why It Matters The Unified Payments Interface (UPI) is India’s flagship real-time digital payments system, enabling instant money transfers between bank accounts through mobile devices. Developed and managed by the National Payments Corporation of India (NPCI), UPI has revolutionised peer-to-peer and merchant payments, becoming the backbone of India’s digital economy. With …
At the Startup Maha Kumbh 2025, Union Commerce Minister Piyush Goyal made a pointed observation: “We are making food/hyper delivery apps; creating cheap labour so that the rich can have a meal without stepping out while the Chinese are working on EVs, AI and semiconductors.” His statement highlights the gap between the current focus of …
Category: Market Update In a significant move to simplify and unify Know Your Customer (KYC) norms across India’s financial ecosystem, the Modi 3.0 government is taking concrete steps to roll out a uniform KYC framework. This initiative is aimed at streamlining access to financial services and improving customer convenience, while also reducing redundancy and strengthening …
In a significant push towards rural development, the Union Government of India has disbursed over ₹1,440 crore in grants under the 15th Finance Commission (XV-FC) to Rural Local Bodies (RLBs) and Panchayati Raj Institutions (PRIs) across five states. These funds aim to empower grassroots governance and improve basic infrastructure and service delivery in rural India. …
The Reserve Bank of India (RBI) has announced that the investment limits for foreign portfolio investors (FPIs) in government and corporate bonds will remain unchanged for the financial year 2025–26. This decision ensures consistency in the policy framework and offers predictability to international investors navigating the Indian debt market. Detailed Investment Caps Unchanged According to …
In a recent White House tariff update, the reciprocal tariffs on Indian goods have been revised from 27% to 26%. This new decision falls under a broader policy shift concerning Trump tariffs, which are part of the trade defence approach aimed at reshaping US-India trade relations. The revised figures are part of a larger tariff …
India has made significant strides in the global artificial intelligence (AI) landscape, securing the 10th position for private investment in AI with a total of $1.4 billion, as highlighted in a recent report by the United Nations. This achievement places India among the only two developing nations—alongside China—to appear in the top ten for AI …
On April 2, 2025, US President Donald Trump made an announcement related to the reciprocal tariffs on trading partners. Donald Trump made no exclusion for any country as he announced reciprocal tariffs on more than 180 countries. In addition, Trump also announced the imposition of a 10% baseline tariff apart from country-specific tariffs. Trump declared …
India’s financial system recently witnessed one of the worst liquidity crunches in its history. However, decisive action by the Reserve Bank of India (RBI) has turned the tide. According to a Bloomberg report, the central bank’s interventions have not only alleviated the cash shortfall but also improved key indicators such as overnight borrowing costs and …
India has reached a significant milestone in locomotive manufacturing by producing 1,681 locomotives in the financial year 2024–25, overtaking regions such as the United States, Europe, South America, Africa, and Australia. This marks a new era of industrial capability and railway infrastructure expansion for the country, making it a global leader in locomotive production. Production …
