RBI Governor | Pixr8 News

Following a number of delays and a few hurdles, the updated version of UPI which is commonly called UPI 2.0 is set to be introduced to the people by the National Payments Corp of India. The UPI 2.0 will be launched today at an event in Mumbai. Urjit Patel, the Governor of The Reserve Bank of India along with Rajnish Kumar, State Bank of India chairman and Nandan Nilekani, the non-executive chairman of Infosys are looking forward to formally launch the updated version. It has been reported that around 10 banks will join UPI 2.0 from the beginning which includes: - SBI - HDFC Bank - Axis Bank - ICICI Bank - Yes Bank However, the other banks are in multiple stages of updating the payment product. "NPCI wanted the updated UPI to be launched by the Governor himse...

Raghuram Rajam, Former Governor of Reserve Bank of India stated on Friday that the country should encourage its workforce to step out of the agricultural sector to move into the industry and services as the latter will provide the population with higher income. "We have to try and give people the ability to move out of agriculture into industry and services, where income is much higher. We need to figure out ways to do this," Rajan said here. He added that the populace should not be afraid of machines replacing humans because society has always found ways of adapting to industrialization and mechanization which worked well in the past. "Two hundred years since the industrial revolution, jobs are still around. People and society adapt to do the things that machines cannot do," he s...

Tag: RBI Governor

UPI 2.0 to be Launched Today by RBI Governor Urjit Patel

Raghuram Rajan Believes India Should Focus on Industry & Services