Sanjay Malhotra, the current Revenue Secretary, has been appointed as the new Governor of the Reserve Bank of India (RBI), succeeding Shaktikanta Das. This is a significant development for India’s economic landscape, especially at a time when the country is navigating various economic challenges, including high inflation and slowing growth. With his extensive experience across finance, taxation…
Unexpectedly since its commencement, Unified Payments Interface or UPI has crossed Rs 4 trillion worth exchanges in a month. As per NPCI, the advanced installments framework has recorded 2.23 billion exchanges adding up to Rs 4,16,176.21 crore or Rs 4.16 trillion in December 2020.
This is a 1% hop in volume and a 6.4% flood in an incentive for UPI from November which had seen 2.21 billion…
