‘Rudraksh Baba’ To ‘IIT Baba’: Top Viral Faces Of Maha Kumbh 2025
RBI Governor Shaktikanta Das
The Reserve Bank of India’s statement on Thursday about the addition of conversational payments and offline capability to UPI Lite signals a watershed moment in India’s economic trajectory.
The central bank increased the UPI lite payment limit from Rs 200 to Rs 500.
According to RBI Governor Shaktikanta Das, it is proposed to (i) enable Conversational Payments on UPI, which will enable users to engage in conversation with AI-powered systems to make payments; (ii) introduce offline payments on UPI using Near Field Communication (NFC) technology through ‘UPI-Lite’ on-device wallet; and (iii) increase the transaction limit for small value digital payments in offline mode. These measures would broaden the reach and use of digital payments in the country.
The roll-out of conversational payments via UPI is an important concept. Users will be able to initiate and authorize transactions using natural language interactions, making the payment process easier and more convenient.
The Reserve Bank of India unanimously opted to leave the repo rate constant at 6.5 percent at its three-day monetary policy committee meeting, as most financial markets expected.
Also read: Explosion In Moscow Factory Leaves 1 Dead, More Than 50 Hurt
CM Yogi Adityanath's government has approved key connectivity projects to boost Uttar Pradesh's infrastructure for…
Several passengers were reportedly killed, and 30-40 others injured when passengers of the Pushpak Express,…
Under CM Yogi, Prayagraj has become a city of temples, offering pilgrims replicas of India's…
During Maha Kumbh, CM Yogi Adityanath's Cabinet approved transformative projects for Uttar Pradesh's development.
The Maharashtra government and Reliance Industries signed a monumental MoU worth ₹3.05 lakh crore at…
In a Cabinet meeting chaired by CM Yogi Adityanath, the UP govt approved 10 major…