New Delhi, June 27 (IANS) What began as a simple payment platform 10 years ago now powers daily digital commerce across India as UPI transactions increased from just 2 crore in FY2016-17 to over 24,162 crore in FY 2025-26, an official fact-sheet said on Saturday.The JAM Trinity — Jan Dhan, Aadhaar, and mobile connectivity — revolutionised financial inclusion and welfare delivery in India. It brought millions into the formal banking system and enabled seamless access to government services.Ja…
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New Delhi, June 26 (IANS) NITI Aayog Member Dr. R. Balasubramaniam on Friday highlighted India’s integrated approach to financial inclusion and financial health during an interaction with Queen Maxima of the Netherlands, the United Nations Secretary-General’s Special Advocate for Financial Health.Dr. Balasubramaniam shared that India’s financial inclusion journey began with the JAM trinity — Jan Dhan accounts, Aadhaar and mobile connectivity — which laid the foundation for achieving fina…
Bengaluru, June 14 (IANS) Union Finance Minister Nirmala Sitharaman on Sunday said that while Congress leader Rahul Gandhi was repeatedly criticising the country’s economic performance, “on the contrary, quarter after quarter, year after year India has been the fastest growing economy”. Addressing the Bharatiya Janata Party’s (BJP) ‘Viksit Bharat’ event here, Union Minister Sitharaman noted that it is not the Central government, which is claiming that India is the fastest-growing economy, but th…
Bengaluru, June 10 (IANS) Former Karnataka Chief Minister B.S. Yediyurappa has written to Prime Minister Narendra Modi on Wednesday, congratulating him on completing what he described as 4,399 consecutive days in office and becoming the “longest-serving elected Prime Minister” in India’s history.Taking to social media, Yediyurappa stated, “Today marks a historic milestone in Bharat’s democratic journey as Hon’ble Prime Minister Shri Narendra Modiji becomes the longest-serving elected P…
New Delhi, June 3 (IANS) A pause in interest rates by the Reserve Bank of India’s Monetary Policy Committee (MPC) would help stabilise economic conditions and support growth, State Bank of India (SBI) Chairman CS Setty said on Wednesday.Speaking at the Citi India Conference in Mumbai, Setty said a rate pause at this juncture would help stabilise conditions, while noting that inflation dynamics remain an important factor for policymakers.“Broadly, the market expects that there could be a rate…
New Delhi, March 6 (IANS) India Stack Global will facilitate adoption of India’s digital public infrastructure (DPI) by partner nations by showcasing India’s DPI solutions, an official factsheet said on Friday.India Stack Global portal provides access to key digital platforms and technical resources and serves as a bridge between India’s experience and the requirements of friendly nations.As of February, the government has signed memoranda of understanding (MoU) and agreements with 24 coun…