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UPI clocked its biggest month in May, transactions surpass Rs 29.90 lakh crore
India's digital payments network continued its rapid expansion in May, with Unified Payments Interface (UPI) transactions climbing to their highest-ever monthly levels in both value and volume, latest data from the National Payments Corporation of India (NPCI) showed. During the month, UPI handled 23.2 billion transactions worth Rs 29.90 lakh crore, surpassing the previous month's figures of 22.35 billion transactions and Rs 29.03 lakh crore. This reflects a 19% gain as compared to...
Fair Distribution of Digital Payments: Balancing Transaction Flows for Regulatory Compliance
Announce Type: replace Abstract: The concentration of digital payment transactions in just two UPI apps like PhonePe and Google Pay has raised concerns of duopoly in India s digital financial ecosystem. To address this, the National Payments Corporation of India (NPCI) has mandated that no single UPI app should exceed 30 percent of total transaction volume. Enforcing this cap, however, poses a significant computational challenge: how to redistribute user transactions across apps without...
Public sector bank accounts not needed for re-evaluation fee: CBSE
Amid confusion among candidates following the launch of the system earlier this week, CBSE Wednesday clarified that students applying for verification and re-evaluation of Class XII answer sheets do not need to hold accounts with State Bank of India, Canara Bank, Bank of Baroda or Indian Bank for payments on board’s online portal. Board also said the portal was functioning smoothly despite a major cyberattack attempt Tuesday, when the system came under a barrage of denial-of-service attacks...
India–Nepal ties: Jaishankar calls for ‘decisive shift’; Kathmandu signals reset
NEW DELHI: India and Nepal share a “very special relationship” and there is now an opportunity to “decisively shift the trajectory” of bilateral engagement to realise its full potential, external affairs minister S Jaishankar said on Saturday during talks with Nepal foreign minister Shisir Khanal in New Delhi. In his opening remarks, Jaishankar underlined the depth of the partnership, saying, “India and Nepal share a very special relationship, one which is built on a strong foundation of...
'We're children of the same rivers': Nepal calls on India to 'discuss dormant ties'
Nepal's foreign minister Shisir Khanal on Sunday emphasised on a stronger development-oriented partnership with India while also calling for the revival of dormant bilateral mechanisms and the resumption of high-level political exchanges between the two neighbours. Addressing a media briefing during his three-day visit to India, Khanal highlighted the deep historical and cultural links between the two countries, describing Nepal and India as more than just geographical neighbours. "We're not...
June 2026 bank holidays: When and where will banks remain closed? Check state-wise list
Planning a bank visit in June? You might need to check the bank holiday list first! Customers should plan their bank trips in advance as branches in several states are headed for holidays in the month of June.
Collective thinking, resolve and dream: 12 years of PM Modi government
Under the leadership of PM Narendra Modi ji, central govt has completed 12 years dedicated to trust, development and public welfare. This glorious era of ‘Sankalp se Siddhi’ has witnessed unprecedented growth in India’s development, security, economic empowerment and global prestige. Congress left the country with a legacy of uncertainty, corruption and weak leadership, while PM Modi has given Bharat a new identity built on self-confidence, good governance and development.
CBSE re-evaluation portal goes live: How to apply, fees, Aadhaar rules and key FAQs answered
The Central Board of Secondary Education (CBSE) on Tuesday opened the online portal for Class 12 students to apply for verification of issues found in scanned copies of their evaluated answer books and for re-evaluation of answers. The facility, available only to students who have already obtained scanned copies of their answer books, will remain open until midnight on June 6. Aadhaar verification has been introduced as a mandatory security measure in the latest registration process, CBSE...