Search Results for: Punjab and Maharashtra Cooperative Bank

Unified Payments Interface (UPI)

UPI Transactions Skyrocket, India Leads in Digital Payments

India's digital economy has witnessed a significant milestone with the National Payments Corporation of India (NPCI) reporting a record-breaking surge in Unified Payments Interface (UPI) transactions in August. The data revealed a 41% year-on-year growth, with UPI transactions reaching an all-time high of 14.96 billion. Sep 1, 2024
Covid symptoms

India Braces for Potential Covid-19 Outbreak Amid Global Surge

India is being urged to prepare for a potential Covid-19 outbreak due to rising global cases. The recent surge in India is attributed to the KP variants, which belong to the Omicron lineage. Several states in India are seeing an increase in Covid cases, with the highly transmissible KP.1 and KP.2 strains responsible for the surge Aug 30, 2024
Chhatrapati statue crash: MVA to stage protest in Mumbai on Sept 1

Chhatrapati statue crash: MVA to stage protest in Mumbai on Sept 1

With political temperature coming to a boil amid pouring rain in Sindhudurg, the top leaders of the Maha Vikas Aghadi (MVA) on Wednesday announced a fresh protest in Mumbai on Sunday to target the MahaYuti government over the collapse of Chhatrapati Shivaji Maharaj's statue at Rajkot Fort in Sindhudurg. Aug 28, 2024
Prime Minister Narendra Modi

PMJDY: A Decade of Financial Inclusion in India

The Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme, launched in 2014, has integrated over 53.14 crore economically marginalized individuals into mainstream banking. The scheme has seen a 3.6-fold growth in accounts, providing access to formal banking services and promoting financial inclusion. The PMJDY scheme has also promoted gender equality and rural inclusion, with 67% of accounts opened in rural or semi-urban areas and 55% by women. The success of PMJDY in promoting financial inclusion in India is comparable to similar initiatives globally, like M-Pesa in Kenya and Grameen Bank in Bangladesh. Aug 28, 2024
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