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News18
a day ago
- Business
- News18
Digital Payments In India Continued To See Robust Growth UPI Payments Digital India
Digital Payments In India Continued To See Robust Growth | UPI Payments | Digital India | N18V Digital payments in India continued to see robust growth, with the Reserve Bank of India's (RBI) Digital Payments Index (DPI) recording a 10.7% year-on-year increase as of March 2025, reflecting deeper adoption and performance gains in online transactions nationwide. News18 Mobile App - home videos Digital Payments In India Continued To See Robust Growth | UPI Payments | Digital India | N18V
Time of India
2 days ago
- Business
- Time of India
Digital payments index rises 10.7% in FY25, shows steady growth in supply-side infrastructure: RBI
Digital payments in India continued to see robust growth, with the Reserve Bank of India 's (RBI) Digital Payments Index (DPI) recording a 10.7% year-on-year increase as of March 2025, reflecting deeper adoption and performance gains in online transactions nationwide. The RBI-DPI stood at 493.22 in March 2025, up from 445.5 in March 2024 and 465.33 in September 2024, according to the central bank's latest semi-annual update. The index uses March 2018 as its base period, which is set at 100, PTI reported. 'The increase in RBI-DPI index was driven by significant growth in parameters viz. Payment Infrastructure – Supply-side factors and Payment Performance across the country over the period,' the RBI said in a statement on Monday. Launched in January 2021, the RBI-DPI is a composite measure designed to capture the extent of digitisation of payments across India. The index comprises five key parameters that track the penetration and deepening of digital payment systems. These include: Payment Enablers (25% weight) Payment Infrastructure – Demand-side factors (10%) Payment Infrastructure – Supply-side factors (15%) Payment Performance (45%) Consumer Centricity (5%) RBI has said the index is published twice a year, for March and September, with a four-month lag. The steady rise in the index highlights India's growing digital payment ecosystem, supported by the government and the central bank's focus on financial inclusion and digital infrastructure. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
2 days ago
- Business
- Business Standard
RBI's digital payments index increases to 493.22 as of March 2025
The Reserve Bank of India's (RBI's) Digital Payments Index (DPI) rose to 493.22 as of March 2025, up from 465.33 in September 2024, reflecting the rapid adoption of digital payments in the country. In March last year, the RBI-DPI score stood at 445.50. The banking regulator publishes the index twice a year, with DPI recorded at the end of March and September for each year. The index indicates the extent of digitisation of payments in the country. 'The increase in the RBI-DPI index was driven by significant growth in parameters viz. payment infrastructure – supply-side factors and payment performance across the country over the period,' the RBI said in a statement. The RBI-DPI has been constituted with March 2018 as the base period, which was assigned a score of 100. The index has been published on a semi-annual basis since 2021. The DPI comprises five broad parameters that measure the deepening and penetration of digital payments in the country over time. These parameters include: · Payment enablers with a weightage of 25 per cent · Payment infrastructure – demand-side factors at 10 per cent · Payment infrastructure – supply-side factors at 10 per cent · Payment performance with the highest weightage at 45 per cent · Consumer centricity at 5 per cent Each of the parameters includes sub-parameters, which in turn consist of various measurable indicators.
Hindustan Times
3 days ago
- Politics
- Hindustan Times
Punjab: RTE admission stalled, pvt schools cite lack of reimbursement norms
Private unaided schools in Punjab appear to be stalling the admission of children from disadvantaged and economically weaker sections under the Right to Children to Free and Compulsory Education (RTE) Act, 2009, citing delays in the issuance of per-child reimbursement notification and admission guidelines. A non-governmental organisation, the Action Committee for RTE Act, in a letter to chief secretary KAP Sinha and top officers of the school education department on July 14, highlighted the continued non-implementation of the RTE Act's provisions despite the court ruling. (HT File) The Punjab and Haryana high court had, in its order dated February 19, directed all private unaided recognised schools in the state to reserve 25% of their Class 1 seats for children from weaker and disadvantaged sections in the state. The court also ordered the state government to ensure strict enforcement of this direction in the 2025-26 academic session. The school education department followed up the court's ruling with instructions to DPI, elementary education and all district education officers (DEOs) on March 20, but with little effect, as complaints continue to pile up against private schools for delaying or refusing admissions to children from economically weaker sections (EWS). A non-governmental organisation, the Action Committee for RTE Act, in a letter to chief secretary KAP Sinha and top officers of the school education department on July 14, highlighted the continued non-implementation of the RTE Act's provisions despite the court ruling. 'Thousands of eligible children are being denied admission to unaided private schools, and no steps are being taken by the state government to enforce the legal provisions,' wrote the action committee, a group of social activists, along with a list of 78 eligible children from weaker sections who were denied admissions in recent weeks. Of them, 27 children are in Mohali, 10 in Ropar, six in Bathinda, five in Patiala, four in Amritsar, three in Ludhiana and two each in Gurdaspur and Mansa. Jagjit Singh Dhuri, president of the Federation of Private Schools and Associations, attributed the delay in admitting children to the non-issuance of admission guidelines and the notification for per-child reimbursement by the state government. 'Private schools are not against implementing the RTE provisions, but it is not feasible for them to admit children without a clear mechanism for admissions and reimbursement. We have repeatedly requested the state and district authorities to do the needful,' he claimed. Section 12(2) of the RTE Act requires the government to reimburse all private schools for reserving 25% of their entry-level seats for children from EWS and disadvantaged groups. In many states, private unaided schools receive reimbursement equal to either the per-child expenditure incurred by the state in government schools or the actual amount charged from the child, whichever is lower. While a member of the management of a private school in Mohali said that the authorities in most states notify the per-child reimbursement before June 30, the education officer (elementary) of a district in the state, speaking on condition of anonymity, said he was awaiting instructions from the department regarding admission and reimbursement to schools. According to the Unified District Information System for Education (UDISE) data, Punjab has 7,704 private unaided recognised schools. It may be recalled that the RTE Act 2009 mandated private schools to admit in class I children from weaker sections and disadvantaged groups in the neighbourhood to the extent of 25% of the strength of that class, and to provide free and compulsory elementary education till its completion. However, the then government in the state framed the Punjab RTE Rules in 2011, providing that children from disadvantaged groups must first seek admission in government schools, and they could approach unaided schools for admission only after getting a no-objection certificate from government schools on the ground of non-availability of seats or other reasons. As a result, there were no admissions of children from disadvantaged groups in private schools in the state under the RTE Act. However, the high court in February this year struck down Rule 7(4) of the Punjab RTE Rules, 2011 and ordered immediate implementation of the EWS quota. Last week, the court also issued a notice to the state government on a public interest litigation seeking a CBI investigation into Rule 7(4) of the Punjab RTE Rules. The petitioner, former IAS officer Jagmohan Singh Raju, asserted that Rule 7(4) was 'unconstitutional, corrupt, and deliberately crafted' to serve the commercial interests of private schools at the cost of disadvantaged children's rights. The matter has been fixed for September 22.
News18
5 days ago
- News18
Kerala Govt to Take Over Administration Of Aided School After Student's Electrocution
Last Updated: Mithun, a student of Thevalakkara Boys High School in Kollam district, died last week after coming into contact with a live electric wire on the school premises. General Education Minister V Sivankutty announced on Saturday that the Kerala government will take over the administration of an aided school where a 13-year-old student was recently electrocuted. The school's manager will also be dismissed from service due to the incident, reported PTI. Mithun, a student of Thevalakkara Boys High School in Kollam district, died last week after coming into contact with a live electric wire on the school premises. Speaking to reporters, Sivankutty said the Director of Public Instruction (DPI) reported 'serious lapses" that led to the student's accidental death. 'In this context, the DPI will issue an order dismissing the manager of Thevalakkara Boys High School and handing over the administration to the district education officer in Kollam," the minister said. Referring to the provisions of the Kerala Education Act, he noted that if 'any lapse is found on the part of the manager of an aided school, the government has the authority to take over the institution for a specific period in the public interest." Sivankutty remarked that the untimely death of the class 8 student had caused 'widespread sorrow," and the government was taking measures to prevent such incidents in the future. 'Despite the authorities convening several meetings to ensure school safety, this incident still occurred," he said. In response to growing concerns, the Department of General Education has started taking extra measures to ensure school safety. The minister mentioned that PTA members, teachers, students, and the public are encouraged to report safety concerns. A high-level review meeting on ongoing safety measures is scheduled for July 31. As part of the support for Mithun's family, the Scouts and Guides under the General Education Department will build a house for them. An amount of Rs 3 lakh will be provided from the DPI's account. The Kerala State Electricity Board (KSEB) has already granted Rs 5 lakh as financial relief. The school management has also announced a Rs 10 lakh grant as assistance. Additionally, the Kerala School Teachers' Association (KSTA) has pledged Rs 10 lakh for the family, according to the minister. view comments First Published: July 26, 2025, 17:26 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
