Tuesday, October 27
New Delhi: Transactions through the popular Unified Payments Interface (UPI) touched a record 16.73 billion in December, recording a growth of 8 per cent over the preceding month, according to data released by the National Payments Corporation of India (NPCI). In November, the UPI transaction count was 15.48 billion. NPCI said the value of the transactions worked at Rs 23.25 lakh crore in December 2024 as against Rs 21.55 lakh crore in November. The average daily transaction count during December was 539.68 million, up from 516.07 million in November. In value terms, the average daily transaction amounted to Rs 74,990 crore in December. This compares with Rs 71,840 crore in November. NPCI, an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association, is an umbrella or
The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that suggest most workers enjoy unusual job security. Jobless claims dropped by 9,000 to 211,000 last week, the Labor Department reported Thursday. The four-week average of claims, which strips out week-to-week ups and downs, fell by 3,500 to 223,250. The overall numbers receiving unemployment benefits fell by 52,000 to 1.84 million. The U.S. job market has cooled considerably from the red-hot hiring days of 2021-2023 when the economy was bounding back from COVID-19 lockdowns.116868382 Through November, employers added an average of 180,000 jobs a month in 2024, down from 251,000 in 2023, 377,000 in 2022 and a record 604,000 in 2021. Still, even the diminished job creation
