UPI growth: UPI growth 2.0: Efforts on to crack DBT code
UPI user base has been hovering around 300 million for some time; RBI, banks are trying to push up this number.
Stay updated with breaking news from Seema Prem. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
UPI user base has been hovering around 300 million for some time; RBI, banks are trying to push up this number.
The Reserve Bank of India and banks are looking to get beneficiaries of the government's direct benefit transfer (DBT) schemes to do their routine transactions on the Unified Payments Interface (UPI) platform, in a bid to make more people transact digitally instead of cash.
There has been a significant emphasis on financial inclusion in the last decade with initiatives like basic bank accounts under Jan Dhan and Mudra loans for small firms. Have they helped address the gaps in financial inclusion? - Issue Date: Jan 07, 2024
The Economic Times Startup Awards, honoring Indian entrepreneurs, will take place in Bengaluru. The winners across eight categories were announced, including OfBusiness as Startup of the Year and Jishnu Bhattacharjee of Nexus Venture Partners as Midas Touch winner. The event will also feature a panel discussion on sustainable businesses.
The gaming industry in India is facing tax woes as the GST department issued pre-show cause notices to several cash flow-rich firms in the sector. One of the notices, amounting to an estimated Rs 25,000 crore, was served to fantasy sports company Dream11, making it the largest indirect tax notice in India. This move has sparked legal disputes and challenges from the gaming companies, who argue that the tax demands are retrospective and unfair. The Supreme Court will conduct further hearings on the matter on October 10.