Experts also say that the bond yields will remain range bound with a slight easing bias for now
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To enhance the seamless usage of UPI Lite and in response to stakeholder feedback, a proposal is underway to integrate UPI Lite into the e-mandate framework
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Das today unveiled the results of the Monentary Policy Committee meeing, which began its three-day meeting on Wednesday
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The decision comes amidst a backdrop of economic uncertainties both domestically and globally
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MPC chaired by Governor Das, has been convening in Mumbai this week to deliberate on key policy decisions
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The Governing Council of the central bank in its monetary policy statement noted it was now "appropriate to moderate the degree" of monetary policy restriction
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The total value of UPI transactions processed on the Paytm platform grew to Rs 1.24 trillion in May, on the back of the company launching several initiatives for users such as Credit Card on UPI, as well as pushing the lever on UPI Lite.
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Since these funds have a minimum of 65 per cent in equities, they are treated as equity mutual funds and hence taxed accordingly
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