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In 2023, the total annual value of UPI transactions in India reached ₹182 lakh crore (equivalent to $2.2 trillion), reflecting a 59% increase in transaction volume and 45% increase in transaction value compared to 2022. [12] UPI transactions in July 2024 averaged ₹1,430 per transfer, with the system processing 5,390 payments every second. [13]
In 1991 Indian remittances were valued at US$2.1 billion; [5] [12] in 2006, they were estimated at between $22 billion [13] and $25.7 billion. [ 4 ] which grew to $67.6 billion in 2012–13, up from $66.1 billion the fiscal year, 2011–2012, [ 6 ] when the remittance exceed the foreign direct investment (FDI) inflow of $46.84 billion into India.
According to Sebi guidelines, the minimum bid amount in an IDR issue is Rs 20,000 per applicant. Like in any public issue in India, resident Indian retail (individual) investors can apply up to an amount of INR 2,00,000 and non-institutional investors (also called high-net-worth individuals) can apply above INR 1,00,000 but up to applicable limits.
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Apart from bill payments and money transfer, the company also provides ticketing services, retail brokerage products and online games. [ 6 ] [ 7 ] [ 8 ] Paytm's parent company One97 Communications was listed on the Indian stock exchanges on 18 November 2021 after an initial public offering, which was the largest in India at the time. [ 9 ]
WASHINGTON (Reuters) -U.S. officials are communicating with people in Syria to seek information about Austin Tice, an American journalist captured there more than 12 years ago, White House ...