According to data released by the National Payments Corporation of India (NPCI), Paytm Payments Bank Ltd emerged as the biggest receiver of UPI amount in the October to December 2021 quarter.
During the event, the Minister unveiled 'LEAP' as the way forward to further strengthen our Startups ecosystem. LEAP stands for "Leverage, Encourage, Access & Promote".
Citing the massive surge in Omicron infections and the resultant impact on overall economic activities in the March quarter, Swiss brokerage UBS Securities has revised downwards its India's growth forecast for the current financial year to 9.1 per cent from 9.5 per cent earlier.