Sitharaman Orders Stronger UPI After Service Disruptions
Why in the news
After several UPI outages that month, the Finance Minister called for urgent strengthening of the payments system.
Key facts
- Review meeting in New Delhi with RBI, NPCI, Finance Secretary Ajay Seth and DFS Secretary M. Nagaraju.
- Focus: resilience, scalability, real-time monitoring, cybersecurity and user experience.
- Despite agency downgrades, she called the economy resilient, with 6.5% growth projected for 2025-26.
- Services exports should hold up; lower crude prices help the inflation outlook.
Exam angle
- UPI operator: NPCI.