India’s monetary policy is determined primarily by domestic factors, and, hence, RBI is never really coupled with the US Fed, Governor Shaktikanta Das has said. The RBI and NPCI are in talks with many countries to enhance the UPI footprint, Das told media in a post-policy interaction
“BHIM SBI Pay” (UPI App of SBI) is a payment solution that allows account holders of all Banks participating in UPI to send money, receive money and do online bill payments, recharges, shopping, etc. using their smartphones.
Key India, Singapore ministerial meet involving the foreign, finance and commerce ministers of the two sides will take place in Delhi on September 17.
The Singaporean side will include deputy prime minister and finance minister Lawrence Wong.
The visit of Lawrence Wong to New Delhi is significant since he is widely touted to be the next prime minister of the southeast Asian nation. He will also travel to India's western state of Gujarat.
India and Singapore have close ties and high-level visits are a part of the engagement.