The Centre’s flagship PM SVANidhi scheme has shown significant improvement in empowering urban street vendors, with strong evidence of rising incomes, improved access to formal credit, and growing digital adoption. The Ministry of Housing and Urban Affairs informed Parliament that the scheme’s redesigned structure has strengthened livelihoods while preventing over-indebtedness…
Tag: #UPIPayments
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Govt Mulls Hybrid ATMs for Small Notes Amid UPI Push
The Union government is exploring the introduction of hybrid automated teller machines capable of dispensing small-denomination currency notes, even as digital payments powered by the Unified Payments Interface (UPI) continue to expand rapidly across India. The move aims to address growing public frustration over the shortage of ₹10, ₹20 and…
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MoRTH 2025: Smarter, Cheaper Highway Travel
India’s national highways have expanded rapidly over the last decade, bringing faster connectivity and economic growth. However, this expansion also led to a familiar frustration for commuters long queues at toll plazas and unpredictable travel costs. In 2025, the Ministry of Road Transport and Highways (MoRTH), working closely with the…
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Profits Surge, NPAs Decline: India’s Banks Strong
India’s banking sector is emerging from a decade of challenges with renewed strength, stability, and global confidence. Supported by reforms, digital transformation, and disciplined balance sheet management, the sector is delivering its strongest performance in years with record-low non-performing assets (NPAs), robust profitability, and sustained credit expansion. According to data…
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UPI Powers 49% of Global Real-Time Payments
New Delhi : India’s Unified Payments Interface (UPI) has been recognised as the world’s largest retail fast-payment system by transaction volume, according to international assessments cited in a parliamentary reply on 8 December 2025. The International Monetary Fund’s June 2025 note on growing retail digital payments acknowledged UPI’s scale, while…
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Diwali 2025: Are Banks Open or Closed Today?
While Indian stock exchanges hold a special Muhurat trading session on Diwali, bank operations follow a state-wise holiday calendar announced by the Reserve Bank of India. On Tuesday, October 21, 2025 (Diwali/Deepavali & Govardhan Puja), many bank branches are closed in several cities while most branches in major metros remain…