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money and monetary policy

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Explained | Daily limit on UPI transactions

IMG_Narendra_Modi_and_PM_2_1_HHATFCMP.jpg
The idea is to sustain the smoother functioning of the payments interface as it continues to acquire wider popularity in our daily lives
Saptaparno Ghosh

SC refuses urgent listing of plea challenging RBI decision on ₹2,000 note exchange

PTI

Delhi residents line up outside banks as exchange of ₹2,000 notes begins

Megha P. Yadav

RBI defends before Delhi HC ₹2,000 banknote exchange exercise

PTI

₹2,000 notes withdrawn: most city residents not bothered; a few peeved

Alisha Dutta
‘Does not money buy many things?’
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Money is about more than just survival

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A new economics for a new world

RBI likely to hike benchmark interest rate by 25 bps on April 6

Image used for representational purpose only.
Economy

PPI merchant transactions of over ₹2,000 to attract 1.1% charge from April 1

The Hindu Bureau

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India, Singapore launch linkage of real-time payment systems

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UPI is India’s mobile based, 'fast payment' system that facilitates customers to make round the clock payments instantly using a Virtual Payment Address (VPA) created by the customer.

RBI to introduce new functionality for UPI payments, allowing multiple debits

The Hindu Bureau
Reserve Bank of India (RBI) Governor Shaktikanta Das.

RBI increases key lending rate by 35 bps, pegs GDP growth at 6.8%

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Voters pose for a photo showing their fingers marked with indelible ink after casting their votes during the second and final phase of Gujarat Assembly elections, at a polling station in Ahmedabad, on December 5, 2022.

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Image for representation purpose only.

Pilot for retail digital rupee to begin on December 1

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The government’s argument is that demonetisation led to phenomenal growth in digital transactions.

Currency in circulation now is almost double that in use just before demonetisation: Chidambaram

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