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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
Cabinet approves 730 private FM radio channels in 234 new cities and towns

Government Greenlights 730 New FM Channels in Strategic Expansion

In a significant move to expand the reach of FM radio broadcasting across India, the government has given the green light for the roll-out of 730 private FM radio channels in 234 new cities and towns. This decision, announced on August 28, 2024, is part of the third batch of auctions under the 'Private FM Radio Phase III Policy'. Aug 28, 2024
US jobless claims data allays fears over economic slowdown

US Jobless Claims Rise Marginally, Fed Rate Cut Expected

US jobless claims marginally increased, easing fears of a sharp economic slowdown. The US Federal Reserve is expected to cut interest rates to stimulate economic growth. Fed Chair Jerome Powell's upcoming speech is anticipated to provide insights into future policy. The potential rate cut could boost global markets, including India's, by attracting foreign investors. Aug 24, 2024
market

US Rate Cut Fuels Optimism in Indian Stock Markets

The anticipated US rate cut is expected to boost the Indian stock market and various sectors like IT, BFSI, automotive, and real estate. The Indian markets have been on a recovery rally, influenced by positive US economic data and global cues. Aug 24, 2024
India records 26 pc jump in FDI flows in first quarter

India records 26 pc jump in FDI flows in first quarter

The gross foreign direct investment (FDI) flowing into the Indian economy has surged by 26.4 per cent to $22.5 billion during the April-June quarter of the current financial year compared to the same quarter of the previous year, according to the RBI's latest monthly bulletin. Aug 20, 2024
CRPF officer killed by terrorists in J&K's Udhampur

CRPF officer killed by terrorists in J&K's Udhampur

Officials said that a CRPF officer identified as Inspector Kuldeep Singh was killed by the terrorists when they attacked a routine patrol party of the CRPF in the Cheel area of Ramnagar in Udhampur district. Aug 19, 2024
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