Razorpay Launches ‘Turbo UPI’ for Seamless One-Step Payments to Online Merchants

Razorpay Launches ‘Turbo UPI’ for Seamless One-Step Payments to Online Merchants

June 1, 2023

Razorpay, a leading fintech unicorn, has introduced ‘Turbo UPI,’ a revolutionary one-step payment solution for the Unified Payments Interface (UPI) network. In collaboration with the National Payments Corporation of India (NPCI) and Axis Bank, Razorpay aims to streamline the payment process for users, allowing them to make payments directly without being redirected to a third-party …

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Government Plans to Sell up to 3% Stake in Coal India

June 1, 2023

The Indian government has announced its intention to sell up to a 3% stake in Coal India Ltd through the offer for sale (OFS) route, according to a recent regulatory filing. The OFS will be open for both retail and non-retail investors on June 1 and 2, offering an opportunity to participate in the sale …

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India’s GDP Growth Accelerates to 6.1% in Q4 2022-23, Propelling Economy to $3.3 Trillion

June 1, 2023

India’s economy showcased significant growth in the January-March quarter of 2022-23, with a GDP growth rate of 6.1%. This surge, primarily driven by improved performance in agriculture, manufacturing, mining, and construction sectors, contributed to an annual growth rate of 7.2%. The robust growth propelled the Indian economy to reach $3.3 trillion and sets the stage …

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Centre Meets FY23 Fiscal Deficit Target of 6.4% of GDP

June 1, 2023

The Union government has successfully achieved its fiscal deficit target of 6.4% of the gross domestic product (GDP) for the financial year 2022-23. Despite higher revenue expenditure, particularly on subsidies and interest payments, the government’s robust tax revenue contributed to this achievement, as per official data released. This accomplishment aligns with the fiscal glide path …

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Ajay Yadav takes charge as MD of SECI

June 1, 2023

Ajay Yadav has assumed charge of Managing Director of Solar Energy Corporation of India Limited (SECI). SECI is a nodal agency of the central government for auctioning renewable energy projects. SECI, a Miniratna Category-I Central Public Sector Enterprise (CPSE) established in 2011, serves as the primary implementing agency for renewable energy schemes and projects under …

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India Approves World’s Largest Food Storage Scheme in Cooperative Sector, Investing Rs 1 Lakh Crore

June 1, 2023

The Indian government has recently approved a groundbreaking scheme worth Rs 1 lakh crore aimed at significantly expanding the foodgrain storage capacity in the cooperative sector. With the current grain storage capacity at approximately 1,450 lakh tonnes, this initiative seeks to add 700 lakh tonnes of storage over the next five years, eventually reaching a …

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India-EU Connectivity Conference to be organized in Meghalaya from June 1

June 1, 2023

The India-EU Connectivity Conference, organized jointly by the Ministry of External Affairs (MEA), EU Delegation to India, and the Asian Confluence, is set to take place in Meghalaya from June 1 to June 2. The conference aims to explore opportunities for enhancing connectivity investments in India’s North Eastern States and its neighboring countries, including Nepal, …

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BRICS foreign ministers’ meeting starts in Cape Town, local currency trade likely on agenda

June 1, 2023

The foreign ministers of Brazil, Russia, India, China, and South Africa (BRICS) have gathered in Cape Town for a two-day meeting to discuss various issues, including local currency trading and a peace plan for the ongoing conflict between Russia and Ukraine. The meeting, hosted by South Africa, will pave the way for the 15th BRICS …

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Reserve Bank of India: 601st Meeting of Central Board of the RBI

June 1, 2023

The central board of the Reserve Bank of India (RBI) chaired by Governor Shaktikanta Das, conducted its 601st meeting in Hyderabad to assess the current global and domestic economic conditions, along with the accompanying difficulties. Buy Prime Test Series for all Banking, SSC, Insurance & other exams Reserve Bank of India: More About The Meeting …

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World Milk Day 2023: Know Date, Theme, Significance and History

June 1, 2023

World Milk Day 2023 World Milk Day, observed every year on 1st June, was created in the year 2001 by Food and Agriculture Organisation (FAO) of the United Nations (UN) to promote the consumption and benefits of milk around the world. The goal of this day is to provide us with a chance to raise …

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Monthly Archives: June 2023

Razorpay Launches ‘Turbo UPI’ for Seamless One-Step Payments to Online Merchants

Government Plans to Sell up to 3% Stake in Coal India

India’s GDP Growth Accelerates to 6.1% in Q4 2022-23, Propelling Economy to $3.3 Trillion

Centre Meets FY23 Fiscal Deficit Target of 6.4% of GDP

Ajay Yadav takes charge as MD of SECI

India Approves World’s Largest Food Storage Scheme in Cooperative Sector, Investing Rs 1 Lakh Crore

India-EU Connectivity Conference to be organized in Meghalaya from June 1

BRICS foreign ministers’ meeting starts in Cape Town, local currency trade likely on agenda

Reserve Bank of India: 601st Meeting of Central Board of the RBI

World Milk Day 2023: Know Date, Theme, Significance and History

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