Urban labour force participation rises slightly, while rural unemployment sees a mild decline from 2023 to 2024. More details ...

The RBI announced that the National Payments Corporation of India (NPCI) can revise limits for person-to-merchant (P2M) transactions on UPI, which were initially capped at Rs 1 lakh. Notably ...

The Reserve Bank of India (RBI ... he said. UPI set a new record in March, registering a total of 18.30 billion transactions amounting to ₹24.77 lakh crore, per NPCI data.

On the development, Payments Council of India’s chairman Vishwas Patel said, “RBI’s move to empower NPCI to revise UPI transaction limits for merchant payments is a much needed and welcome ...

P2P transactions on UPI, however, will continue to be capped at ₹1 lakh, as hitherto. Governor Malhotra announced that the RBI proposes to review the guidelines for lending against gold jewellery.

Industry experts have welcomed the RBI’s proposal to revise UPI transaction limits for paying money to merchants (P2M) and expand its co-lending framework. The central bank has allowed the ...

“Younger users are particularly prone to non-essential spending. The integration of UPI with RuPay credit cards has made transactions seamless but has also reduced spending oversight,” says Shah ...

The RBI data shows that gross NPAs rose from ₹5,250 crore in December 2023 to the current level, a rise of nearly ₹1,500 ...

The Monetary Policy Committee (MPC) unanimously decided to slash the policy rate by 25 basis points to 6.25 per cent, RBI Governor Sanjay Malhotra said. The RBI reduced the repo rate by 25 basis ...

“RBI is enabling NPCI to decide, in consultation with the banks and other stakeholders, the transaction limits in UPI for person to merchant transactions.” Currently, the limit for such ...