The number of digital payment transactions volume in India surged from 2,071 crore in fiscal 2017-18 to 18,737 crore in fiscal 2023-24 at a compounded annual growth rate (CAGR) of 44 per cent, the government said on Friday.
Furthermore, during the last five months (April-August) of the current financial year 2024-25, the transaction volume has reached 8,659 crore, according to the Ministry of Finance data.
The value of transactions has grown from Rs 1,962 lakh crore to Rs 3,659 l...
Digital payment transactions value hits Rs 3,659 lakh cr in FY24, UPI clocks 138 pc growth
The retail inflation rate for farm and rural workers fell to 5.96 per cent and 6.08 per cent, respectively, in August compared to 6.17 per cent and 6.20 per cent registered in July, the government said on Friday.
The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) registered an increase of 7 points each in August 2024, reaching levels of 1,297 and 1,309, respectively.
The CPI-AL and CPI-RL were 1,290 points and 1,302 points, respect...
Consumer price inflation for farm and rural labourers further eases in August
The government is committed to improving the availability of containers, faster evacuation of export consignments, and reducing congestion at the ports, Union Minister of Commerce and Industry, Piyush Goyal, said on Thursday.
Chairing an inter-ministerial meeting to address issues related to rising freight costs, shipping delays, shortage and non-availability of containers and congestion at the ports, the minister said the decisions taken by the Ministry of Ports, Shipping and Water...
Committed to boost container availability, reduce congestion at ports: Piyush Goyal
In a remarkable achievement of the country’s fintech ecosystem, the Account Aggregator (AA) framework is now being used to facilitate loan disbursement worth about Rs 4,000 crore a month, a report showed on Monday.
The lending firms have used the AA framework to facilitate loans worth Rs 42,300 crore since September 2021 till March 2024, with cumulative average loan ticket size at Rs 1,00,237 for the same period, according to Sahamati, an industry alliance for the AA ecosystem ...
Account Aggregators facilitating loan disbursement worth Rs 4,000 cr a month