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India has the capacity to do 100 billion UPI transactions every month, there will be 2 billion transactions per day by 2030

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Team Happen Recently
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National Payments Corporation of India CEO Dilip Asbe today said India is capable of processing 100 billion UPI (Unified Payments Interface) transactions per month. This is a tenfold increase from the 10 billion transactions in August 2016. NPCI CEO and MD Dilip Asbe said that the number of UPI users has now reached 350 million.

New Delhi, Agency: National Payments Corporation of India CEO Dilip Asbe today said that India has the potential to do 100 billion Unified Payments Interface (UPI) transactions in a month. This will be a 10-fold increase from the 10 billion transactions achieved in the month of August 2016.

How many users are there currently?

Dilip Asbe, CEO and MD, NPCI, told news agency PTI that currently there are 350 million UPI users and the growth opportunity in merchants and users is 3X.

There will be 2 billion transactions per day by 2030

The CEO of NPCI did not yet say when the figure of 100 billion would be reached but he did tell that there will be 2 billion transactions per day in India by the year 2030. Currently, the Visa card network processes 22.5 billion transactions every month, while Mastercard processes more than 11 billion transactions.

Credit card usage may increase up to 10 times

CEO Asbe said credit card usage could see a tenfold increase if the industry embraces the emerging trend of satatization, but this is only possible if banks provide the right platforms.

He said that currently, credit cards have very high acquisition and underwriting costs, which is a challenge for the inclusion agenda, but digital and technology services can help bring it down.

Answer on internationalisation

On internationalisation of UPI, Asbe said such efforts require regulatory help and by 2030, NPCI aims to have the right nexus to enable seamless payments between India and half of the top 30 markets.

What is UPI?

Unified Payments Interface (UPI) is a popular mobile payment method that allows you to transfer funds from one bank account to another instantly and free of charge. It is a single-window mobile payment system developed by National Payments Corporation of India (NPCI

Demand for electricity in the country will increase by more than 70 percent by 2032, claims BMI report.

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Team Happen Recently
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electricity;

India’s power needs are expected to increase by more than 70 percent in the next decade, according to a report released by BMI, a division of rating agency Fitch. The report said the country will continue to focus on non-hydropower renewable sources.

New Delhi: India’s power demand is expected to grow by more than 70 per cent over the next decade, according to a report released by BMI, a division of rating agency Fitch.

According to the report, the country will keep a strong focus on non-hydropower renewable sources.

Even by 2032, most of the electricity will be generated from coal.

BMI, in its report, said coal-powered generation will still account for the majority of output by 2032, reflecting the country’s heavy dependence on the coal sector.

The report said that:

We estimate that India’s power production will increase by more than 70 percent over the next decade, the largest increase among the world’s largest electricity producers. There will be a strong focus on non-hydropower renewable forms of electricity generation in India, which we expect will account for 16.9 percent of total generation by 2032.

Production will increase due to strong demand

According to the report, a strong long-term expansion in electricity demand will support electricity generation growth, thereby ensuring that power consumption demand is met.

BMI said electricity consumption is likely to grow at an average annual rate of 4.9 percent through 2032 due to population growth, increasing urbanization as well as increasing demand from the construction, manufacturing and service sectors. According to official data, India’s energy requirement during April-March FY23 stood at 15,11,847 million units.

What is a renewable source?

A renewable energy source means energy that is sustainable – something that cannot run out, such as solar energy. Renewable sources mean sources of energy that are alternatives to the most commonly used non-sustainable sources such as coal. This includes solar energy, wind energy etc.

It is necessary to reduce unclaimed deposits, banks and financial institutions should take these steps: Nirmala Sitharam

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Team Happen Recently
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FM Nirmala Sitharaman, on behalf of Finance Minister Nirmala Sitharaman, asked banks and financial institutions to add nominees to people’s accounts and investments made on their behalf. According to a report, there is unclaimed money of more than Rs 1 lakh crore in the country and out of this, more than Rs 35,000 crore is deposited in the banking system.

New Delhi, Agency. Finance Minister Nirmala Sitharaman on Tuesday asked banks and financial institutions to ensure that all customers register nominees in their accounts and investments, so that the problem of unclaimed amount can be reduced.

Addressing the Global Fintech Fest, Finance Minister Nirmala Sitharaman said that I want to tell the banking system, financial ecosystem (mutual funds and stock market) and all the institutions dealing with money from the public that everyone should keep the future in mind and It should be confirmed whether his customer has registered the name and address of his nominee or not.

How much unclaimed money in the country?

According to a report, there is unclaimed money of more than Rs 1 lakh crore in the country and out of this, more than Rs 35,000 crore is deposited in the banking system.

The Finance Minister further said that it is very important that we create a responsible financial ecosystem in the country and this one shortcoming can cause disruption to the entire system.

Fintech companies should invest in cybersecurity

Along with this, he asked fintech companies to invest in cyber security, because customer trust is very important. Tax havens and round tripping of money are a threat to any good financial system.

RBI is also trying

To settle unclaimed deposits, banks were asked by RBI to publish the list of unclaimed deposits and inoperative accounts. For this, RBI has also launched UDGAM portal. Through this you can find out the unclaimed amount.

Happy Teacher’s Day: How much education system will change with AI, what will be the effect on teachers

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Team Happen Recently
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AI has made a name for itself in every field in the last few months. The field of education is also not untouched by this. Today we will tell you how AI has affected the education world. Along with this, we will also know whether AI can influence teachers also. Let us know about it in detail.

New Delhi, Tech Desk

Today is celebrated as Teachers’ Day all over India. There has been a lot of change in the level and method of education in the last few years. However, in the last few months, Artificial intelligence has affected every sector. The education sector is also affected by its impact.

In recent times, Artificial intelligence has changed the methods of learning. Today we will know what contribution AI has made in the field of education. Let’s get started.

Special attention to each student

With the advent of Artificial intelligence there has been a lot of change in the old education system. With its help, it is possible to pay special attention to each and every student.In the old education system, students’ personal growth and their weaknesses are often not given separate attention. But this problem is over with AI, because it will give special attention to every student.This means Artificial intelligence teachers work according to the needs and abilities of the students, which will help us in growth.

Evaluation can be done easily

When we check the assignments of hundreds of children, it takes us a long time, but have you ever thought that with the help of AI, this work can be done in no time.

Yes, Artificial intelligence can help with this and by using Artificial intelligence evaluation devices, teachers can easily and quickly check and grade their students’ work.

PMI Data: Service sector continues to grow in August, sales reach highest level in 13 years

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Team Happen Recently
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SP Global India Services PMI August 2023 Due to new export orders in August, the service sector continued to boom. It stood at 60.1 in August. The PMI data for the services sector has remained above 50 for 25 consecutive months. PMI data above 50 shows that the service sector is growing.

New Delhi, Agency. S&P Global India Services PMI August 2023: There has been a slight decline in the pace of India’s service sector in August and it came down to 60.1 which was 62.3 in July. However, the growth rate in new orders still remains at an upper level. This information came to the fore in a private survey.

In the PMI data of the service sector of S&P Global India, it was told that companies are increasing in new export business. Accordingly, companies are increasing their workforce. For this reason PMI data remains the strongest since 2010.

Growth in service sector since 25 months

The PMI data for the services sector has remained above 50 for 25 consecutive months. PMI data above 50 shows that the service sector is growing. A reading below 50 indicates a decline.

Pauliana de Lima, Director of S&P Global Market Intelligence, said that India’s service companies have achieved a milestone. Along with this, there has been a record increase in exports. Good orders are being received from Asia Pacific, Europe, North America and Middle East. The sales figure has been the best in the last 13 years due to international orders.

What is S&P Global India Services PMI Survey?

S&P Global India Services PMI data is derived by surveying 400 companies on behalf of S&P Global. Companies with all types of workforce are included in this panel on the basis of contribution to GDP. This data is being released since December 2005.

Nazara Tech receives funding of around Rs 100 crore from Kamath Associates, shares rise 10 percent

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Team Happen Recently
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 Nazara Tech Company proposes to issue 1.4 Million Equity Shares to M/s Kamath Associates and M/s NKSquared at a price of Rs 714 per equity share.  These equity shares will be locked for a period of 6 months from the date of issue.  The news of getting fresh funds of Rs 99.99 crore has seen a good rally in the shares of Najara Tech.

Online gaming and sports company Nazara Technologies on Monday said it plans to raise around Rs 100 crore from Kamath Associates and NKSquared to meet its growth and funding needs.

 In its board meeting held on September 4, Nazara has approved the proposal to issue 7,00,280 shares worth Rs 99.99 crore to Kamath Associates and NKSquared, a regulatory filing said.  Let us tell you about this news in more detail.

Gaming and sports media platform Nazara today said its board has approved preferential allotment of equity shares to raise up to Rs 100 crore, subject to necessary approvals.  The company is proposing to issue 1.4 million equity shares to M/s Kamath Associates and M/s NKsquared at a price of Rs 714 per equity share.  These equity shares will be locked for a period of 6 months from the date of issue.

najara tech share

 There has been a good rise in the shares of Nazara Tech due to the news of getting a new fund of Rs 99.99 crore.  Today i.e. on Monday, the company’s shares were 10 percent higher at Rs 832.70 on BSE.  Let us tell you, it had issued shares in the initial public offering (IPO) at a price of Rs 1,101 per share.  The stock hit a record high of Rs 1,678 on October 11, 2021.  It had hit a low of Rs 475.05 on June 22, 2022.

Power Consumption: Increase in power consumption in the country, 151.66 billion units spent in August

By
Team Happen Recently
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Power Consumption:

 Due to the humid weather in August last month, power consumption has increased.  Electricity consumption increased by over 16 per cent to 151.66 billion units in August.  And according to government data, power consumption was 130.39 billion units (BU) during the same period a year ago.  Whereas in August 2021 it was more than 127.88 BU.

In August this year, the country’s electricity consumption increased by more than 16 percent to 151.66 billion units as compared to the same month last year.  The main reason for this is the increased use of coolers and ACs during humid weather.

 Let us tell you that according to government data, electricity consumption in the same period a year ago was 130.39 billion units (BU).  Whereas, in August 2021 it was more than 127.88 BU.

Increase in demand for electricity

 The excess supply of electricity in the country has increased to 236.59 GW in August 2023.  At the same time, it was 195.22 GW in the year 2022 and 196.27 GW in August 2021.

Why the demand for electricity increased

 The power ministry had estimated that the country’s electricity demand would reach 229 GW during the summer season.  This year, due to unseasonal rains in April-July, the demand did not reach the expected level.  At the same time, in June the power supply touched a new high of 223.29 GW and in July it stood at 208.95 GW.

 Industry experts said power consumption was affected in March, April, May and June this year due to widespread rains in the country.  Apart from this, he believes that along with the consumption of electricity, the demand has also increased in the month of August.  This is mainly due to high humid weather (heat) conditions and also increase in industrial activities before the festive season.

Let us tell you that the maximum power supply touched a new high of 236.59 GW in August and reached a record level of 239.97 GW on September 1, 2023.

 However, the peak power supply in a single day came down marginally to 238.62 GW on Saturday and 223.12 GW on Sunday.  In such a situation, experts believe that the consumption and demand of electricity will remain stable in the coming months.

ASUS Vivobook Go 14 is getting a direct discount of Rs 12,000, you will get a strong processor with 16GB RAM.

By
Team Happen Recently
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ASUS Vivobook Go 14:

ASUS Vivobook Go 14 Laptop Discount This great laptop of Asus is available on the official website of ASUS at a starting price of Rs.38990. If you buy it now, you can get a straight discount of Rs 12,000. This laptop is available in 8GB RAM and 16GB RAM storage options. It is available for purchase in Cool Silver Green Gray and Mixed Black.

New Delhi, Tech Desk. If you get a good laptop at a low price then what could be a better deal than this. ASUS, the most popular brand of laptop, is offering an opportunity to buy its Vivobook Go 14 laptop at a very low price.

ASUS Vivobook Go 14:

If you are a student or working, then this is a value-for-money product for you. Earlier this latest laptop used to come with a price of Rs 50,990 but now its price has been cut.

This amazing laptop from Asus is available on the official website of ASUS at a starting price of Rs 38,990. If you buy it now, you can get a straight discount of Rs 12,000. This laptop is available in 8GB RAM and 16GB RAM storage options. Talking about color options, it is available for purchase in Cool Silver, Green Gray and Mixed Black.

The laptop features a 14-inch FHD anti-glare display that offers a 16:9 aspect ratio, 250 nits brightness, and a 60Hz refresh rate. The device comes with a 180-degree hinge for versatile use. It is equipped with 7th generation AMD Ryzen 5 7520U processor and AMD Radeon graphics. The laptop offers up to 16GB of LPDDR5 RAM and 512GB of internal storage. It comes pre-installed with Windows 11 Home.

Features of ASUS Vivobook Go 14

•The laptop has a 14-inch FHD anti-glare display.

•The laptop comes with a 180-degree hinge.

•The laptop is equipped with the 7th generation AMD Ryzen 5 7520U processor.

•The laptop comes with up to 16GB of LPDDR5 RAM and 512GB of internal storage.

•It comes pre-installed with Windows 11 Home.

•It houses a 42WHr battery that supports 45W fast charging.

•The laptop can be charged up to 60% in just 49 minutes.

•The laptop comes with Wi-Fi 6E protocol support.

Nokia G42 5G: Nokia will launch a new 5G smartphone on September 6, 5000mAh battery with 50MP camera

By
Team Happen Recently
-

Nokia G42 5G Launch Date in India Nokia has shared a video on the social media platform. According to the video shared, the new phone is going to be launched in India on 6th September. Many reports have claimed that this phone could be the Nokia G42 5G. Let us tell you that Nokia G42 is a 5G smartphone with mid-range specification.

New Delhi, Tech Desk. If you are planning to buy a new budget smartphone then there is good news for you. Popular smartphone company Nokia is about to launch a new 5G smartphone on 6 September.

The HMD Global-owned smartphone brand has posted a video teaser of the upcoming smartphone on its social media platforms. The teaser also reveals the launch date of the phone and the curved edges of the device.

Nokia’s new phone will be launched on September 6

Nokia has shared a video on the social media platform. According to the video shared, the new phone is going to be launched in India on 6th September. Apart from the launch date, the company is yet to reveal the specifications of the smartphone. Many reports have claimed that this phone could be the Nokia G42 5G. Let us tell you, Nokia G42 is a 5G smartphone with mid-range specification.

Nokia G42 5G specifications

If Nokia is launching the Nokia G42 5G in India, then the smartphone is tipped to feature a 6.56-inch IPS LCD display with HD+ screen resolution and 90 Hz screen refresh rate. The phone has a Snapdragon 480+ chipset with an Adreno GPU. Depending on the variant, the processor is accompanied by 4GB or 6GB of RAM.

Both RAM variants have 128GB storage, which can be expanded further using a microSD card. The Nokia G42 5G boots near-stock Android 13 out of the box. A 5,000mAh battery with 20W fast charging support powers the device.

Features of Nokia G42 5G

Display: 6.56 Inch IPS LCD Display

Processor: Qualcomm Snapdragon 480+ with Adreno 619 GPU.

RAM and Storage: 4GB/6GB RAM, 128GB internal storage

Software: Android 13.

Rear-facing camera: 50MP primary camera, 2MP macro lens, 2MP depth sensor.

Front-facing camera: 8MP front camera.

Other features: Side-mounted fingerprint sensor, IP52 rating.

Battery: 5,000mAh, 20W fast charging support.

SBI introduces new facility for customers, now this special feature can be used through UPI

By
Team Happen Recently
-

SBI has started a SBI service to promote digital rupee in the country. This service will help the customers a lot in making UPI payment. The name of this service is e-Rupee by SBI. In this, customers can easily scan the QR code. Let us know about it in detail in this report.

New Delhi, Agency. State Bank of India, the country’s largest government bank, has started a new service to promote digitization. The bank has informed today that it is starting the UPI Interoperability Service. Let us tell you that State Bank of India digital rupee is called Central Bank Digital Currency (CBDC).

After the launch of this service, customers can easily make online payments. Before State Bank of India this service was started by Axis Bank.

Staye Bank of India said in its statement that with this service, the bank aims to provide convenience to its customers. Customers can easily make UPI payments through the ‘eRupee by SBI’ application. Through this service, customers can easily make payments by scanning the UPI QR code.

Promotion of digital payment

SBI was the first to introduce digital rupee in December last year. After this, now UPI payment will be done very easily through E-Rupee by SBI. The bank said in a statement that it wants to revolutionize the field of digital payments.

SBI is the largest government bank in the country, so the more people who join the bank, the more benefits they will get. The bank believes that the scope of CBDC integration will increase through this service. In such a situation, a revolution can also come in the digital sector.

How can make payment

First of all you have to register in E-Rs. Now you will upload money in e-rupee wallet. If you are a customer of SBI, then you can select the load option by visiting the official website of the bank. Now you can transfer money from your linked account.

The app can easily make UPI payments as soon as the money is uploaded to the e-Rupee wallet. Apart from this, you can easily pay through RBI’s e-rupee

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