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Surpassing Trillion 💸
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Milestone Alert: NPS and APY Surpass 10 Trillion Rupees
Aditya L1: India's Bold Step to Explore the Sun Launches Today
UPI Makes 10 Billion Transactions in August 2023
National Pension System and Atal Pension Yojana Surpass 10 Trillion Rupees
The National Pension System (NPS) and Atal Pension Yojana (APY) have surpassed 10 trillion rupees in assets under management, with over 6.62 crore subscribers. NPS, available since May 1, 2009, and APY, launched on June 1, 2015, have provided a significant boost to social security schemes. The Pension Fund Regulatory and Development Authority (PFRDA) celebrates October 1 as National Pension System Diwas (NPS Diwas) to promote pension planning and financial self-sufficiency in post-retirement life.
Why it's important: The achievement of 10 trillion rupees in assets and 6.62 crore subscribers in NPS and APY underscores the critical role of pension planning in securing India's financial future.
India Launches Aditya L1 Mission to Study the Sun
India's ambitious solar mission, Aditya L1, is set to take off at 11.50 hrs from Sriharikota Space Centre. The satellite will orbit the Lagrange Point L1 of the Sun-Earth system, 1.5 million kms away. With seven payloads, it aims to unravel solar mysteries, including coronal heating and solar wind dynamics.
Why it's important: India's Aditya L1 mission, venturing to study the Sun's atmosphere and solar winds, marks a giant leap in space exploration, contributing to global understanding of celestial phenomena.
UPI Makes 10 Billion Transactions in August 2023
It's 10 Billion+ transactions in August`23! Make seamless payments from your mobile in real-time with UPI.
#UPI#DigitalPayments#UPIChalega@GoI_MeitY@_DigitalIndia@upichalega@dilipasbe
— NPCI (@NPCI_NPCI)
3:42 AM • Sep 1, 2023
In August 2023, India's Unified Payments Interface (UPI) celebrated a historic milestone, surpassing 10 billion transactions. Prime Minister Narendra Modi commended this achievement, highlighting it as a testament to India's digital progress and the populace's skills.
Why it's important: UPI's record-breaking 10 billion transactions in August 2023 mark a monumental step in India's digital payment revolution, reflecting widespread adoption and technological prowess, as acknowledged by Prime Minister Modi.
Global Chronicles: Unveiling the World's Stories 🌐
Tharman Shanmugaratnam, an Indian-origin economist and former senior minister, wins Singapore's presidential election with over 70% of the votes.
Fears of Typhoon Saola force cancellation of hundreds of flights in Hong Kong and Guangdong, China.
Market Movers: Unraveling the Latest Business Buzz 🤑
RBI Reports ₹3.32 lakh crore worth of ₹2000 banknotes returned as of August 31, 2023, with 93% recovered.
Wall Street Mixed as US Inflation data matches estimates, Sales Force soars 3%, and Fed rate hike expectations hold steady.
Sports Spectacle 🏅
Teen Grandmaster D. Gukesh overtakes Viswanathan Anand as India's top chess player, breaking a 35-year streak.
World champion Neeraj Chopra takes second place in javelin event at Zurich's Diamond League meeting.
Meme of the day
Thank you for being awesome readers and staying informed with our news updates! We look forward to having you join us again on the next one for more exciting stories.
Stay curious and keep smiling!
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