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July 1, 2024

Indians allocate double the amount of money for weddings compared to education expenditures: Report

According to a recent report by Jefferies, an investment banking and capital market firm, Indians spend nearly twice as much on weddings compared to their expenditures on education. The Indian wedding industry is valued at approximately $130 billion (about Rs 10.7 lakh crore), making it the second-largest market after food and groceries. Jefferies’ study, which […]

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July 1, 2024

India to Establish Cross-Border Retail Payment Platform with Four ASEAN Countries

The Reserve Bank of India (RBI) announced on Monday its participation in Project Nexus alongside four ASEAN countries to establish a platform facilitating instantaneous cross-border retail payments. Nexus, initiated by the Bank for International Settlements’ Innovation Hub (BIS), aims to integrate India’s Unified Payments Interface (UPI) with the fast payment systems of Malaysia, the Philippines, […]

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by admin
June 17, 2024

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