The amount of cash circulating in the economy has seen a significant increase since the financial year 2016-17, which marked the demonetisation and the introduction of UPI. Despite the phasing out of Rs 2000 notes, the currency in circulation has risen from Rs 13.35 lakh crore in March 2017 to Rs 35.15 lakh crore by…
The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide…
New UPI features: RBI governor Shaktikanta Das on Friday announced two new features or measures for Unified Payments Interface (UPI) users, with an aim to enhance ease of transactions and cash deposits. The new announcements were made by Shaktikanta Das as a part of RBI’s monetary policy statement.The two new UPI features allow users to…
India’s Mission 2047 to be a developed economy: India is setting ambitious goals to transform into a developed economy by 2047, focusing on electric mobility, digital payments, and high-speed expressways, according to officials. Central ministries will soon outline five-year budget plans for better financial management. According to an ET report, the initiatives include producer responsibilities,…
