Solar System
Rupee, bond yield ends almost flat ahead on long weekend
At the interbank foreign exchange market, the rupee ended at 79.66 against the US dollar, as against 79.64 at the close of the previous trading session. The 10-year benchmark 6.54 per cent-2032 bond yield ended at 7.2894 per cent, marginally higher than 7.2673 per cent close on the previous trading session.
India saw 9.36 bn transactions worth Rs 10.2 tn in Q1 2022, UPI leads
The UPI P2M (person to merchant) transactions emerged as the most preferred payment mode among consumers with a market share of 64 per cent in volume and 50 per cent in terms of value, according to the report by Worldline, a global leader in payments industry. In Q1 2022, UPI clocked over 14.55 billion transactions in volume and Rs 26.19 trillion in terms of value.
India is likely to promote UPI, Rupay to de-risk itself
"We may see the Government of India move further ahead with PLI schemes and provide more sops/opportunities for companies to invest in new age areas such as EV, clean energy (renewables and green hydrogen), robotics, AI, electronics, battery storage, semiconductors, etc", it added.
India sets the ball rolling for large-scale Battery Energy Storage System
This is a joint effort of the Ministry of New and Renewable Energy and the Ministry of Power, which has been working on this to provide a roadmap for the installation of the energy storage system. In order to support the ambitious goal of achieving the 450 GW renewable energy target by 2030, it is important that it gets duly supported by the installation of energy storage systems.
PM Modi launches digital payment system e-RUPI: 10 Key benefits
The prime minister called it a "revolutionary step" in the direction of guaranteeing leak-proof delivery of social services. Government and commercial enterprises may utilise the new digital payment system (e-voucher) to offer particular advantages such as immunizations to those in need. This platform, in addition to regular payments, can also be utilised to provide services under other government programmes.
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