Economy

The Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Shri Piyush Goyal has said India is poised to become one of the largest digital markets in the world. Addressing the 2nd Global Fintech Fest-2021 through video conferencing today, he said, “At 87%, India has the highest FinTech adoption rate in the world against the global average of 64%.”

On December 4, the RBI issued a directive to all banks, including RRBs, NBFCs, and payment gateways, stating that the processing of recurring transactions (domestic or cross-border) using cards, Prepaid Payment Instruments (PPIs), or the Unified Payments Interface (UPI) under non-AFA arrangements/practices would be discontinued after March 31, 2021.

Union Minister for Agriculture and Farmers’ Welfare Shri Narendra Singh Tomar launched ‘Amul Honey- a product of Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF)’ under active cooperation with ‘National Bee Board (NBB)’ today virtually in the presence of Union Minister for Animal Husbandry, Fisheries and Dairying Shri Parshottam Rupala. Addressing the launching event, Shri Tomar emphasized the importance of National Beekeeping and Honey Mission in increasing the income of small farmers, which is being implemented in the country for doubling income of farmers/beekeepers through beekeeping with the budgetary allocation of Rs. 500 crores.