The UPI was launched in 2016, and since then it has emerged as the most popular and preferred payment mode pioneering person-to-person and person-to-merchant transactions accounting for 75 per cent of the total digital payments. The volume of UPI transactions has increased manifold from 0.45 crore in January 2017 to 804 crore in January 2023.
Gold bullion is used as a raw material for manufacturing of jewellery and its purity is paramount, considering the large volume of jewellery, he said.
The Co-chairs reviewed the progress achieved in the various Working Group and Sub-Group Meetings under the IRIGC-TEC framework since their meeting in Moscow in November 2022 and gave guidance to prepare ground for the next in person meeting of IRIGC-TEC which will be held in New Delhi at mutually convenient dates.
India, the world's second largest sugar producing nation after Brazil, can export an additional 1 million tonnes of the sweetener if the domestic output reaches an estimated 33.6 million tonnes this year, a senior food ministry official said. Sugar availability is comfortable in the country and as a result wholesale and retail prices of the sweetener are on a decline in the last one month.
​​India became the world's fifth-largest economy last year. Modi said nearly 18 lakh youths received jobs through employment exchanges during the last few years in his home state of Gujarat, ruled by the Bharatiya Janata Party (BJP). "During the last five years, the Gujarat government gave jobs to 1.5 lakh youths.
Of the 16 lakh Kuvera investors, 26% were women, an increase from over 19% in March 22, indicating various financial literacy activities undertaken by industry participants are showing results.
"Work on the Delhi-Dehradun Expressway project will be over by December end and from January 1 next year people will be travelling from Dehradun to Delhi in just two hours," Gadkari said during a visit to Parmarth Niketan Ashram in Rishikesh on Sunday.
"Rapeseed supplies from the new season are putting pressure on prices, which have fallen below MSP (minimum support price)," said the source referring to the government-set rate which acts like a benchmark for the domestic market.
This broad-based moderation in consumption in recent quarters, coupled with lower household savings, is evidence of a K-shaped economic recovery in India, as inflation continues its uptick despite the Reserve Bank of India’s policy rate cuts. India’s inflation has averaged 7.2 per cent YoY in HF1Y23, following 5.8 per cent in the preceding two years.