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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (101903) | |
881. UPI reaches 500 million consumers, 65 million merchants, says report
- On October 8, 2025, With over 500 million consumers and 65 million merchants, unified payments interface (UPI) has evolved from a digital payment platform into a daily habit, driving financial inclusion, enabling access to credit, and fuelling growth for micro and small enterprises across India, according to a report released here.
- The report, launched at the Global Fintech Fest (GFF) 2025 by the National Payments Corporation of India (NPCI) and the Boston Consulting Group (BCG), highlights how India’s UPI has set a new global benchmark, accounting for nearly 50 per cent of global real-time payment volumes and 84 per cent of all retail digital payments within the country.
- UPI’s presence now spans 99 per cent of India’s more than 19,000 pin codes, catalysing economic momentum nationwide.
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882. Revolut launches India service incorporating UPI
- On October 8, 2025, UK-based Revolut, which provides banking and cross-border payment services, has unveiled its India launch at the Global Fintech Fest (GFF 2025). The company aims to onboard 20 million Indian customers by 2030.
- The first set of Revolut cards in the country will operate on the Visa network. The platform integrates UPI, domestic prepaid Visa cards, and multi-currency international Visa cards, providing a single app for payments at home and abroad.
- The India app will offer a prepaid wallet with UPI, domestic and international Visa cards, customisable Revolut-branded UPI handles, prepaid card rewards, low-cost international spending,
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883. NPCI launches biometric, wearable glass authentication for UPI payments
- On October 7, 2025, the National Payments Corporation of India (NPCI) and the Reserve Bank of India launched a series of initiatives including biometric and wearable glass recognition-based authentication for UPI transactions at the Global Fintech Fest 2025 in Mumbai.
- The new feature allows users to authenticate UPI payments using their face or biometrics, stored in Aadhar, a move that could eventually replace the traditional four- or six-digit UPI PIN.
- Another innovation unveiled at the event was a UPI Lite feature for wearable smart glasses, designed to make small-value transactions completely hands-free. Users can simply give a voice command to their smart glasses to authenticate and complete payments — no phone, PIN, or touch required. All it takes is a quick QR code scan.
- NPCI also announced the launch of multi-signatory accounts on UPI, a feature that allows joint account holders to make payments that require approval from one or more signatories.
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884. 5 popular biosphere reserves in India that deserve a visit
- In year 2000, Nilgiri - Bharat’s First Biosphere Reserve Added to UNESCO, Nilgiri Biosphere Reserve (NBR) is Bharat’s first biosphere reserve and covers a wide range of ecosystems, from tropical evergreen forests to montane sholas and grasslands.
- It is one of the most popular biosphere reserves in India and a well-known national park and wildlife sanctuary in South India. Located in the foothills of the famed Nilgiri hills, the meeting point of Western and Eastern Ghats, the location of the reserve itself will infuse curiosity in your heart.
- Nilgiri Biosphere Reserve is home to fauna that includes around 350 species of birds, 39 species of fish, 316 species of butterflies, 80 species of reptiles, and much more. Nilgiri also boasts of being home to Nilgiri tahr and lion-tailed macaque, which belongs to the category of endangered species.
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885. Gulf of Mannar, Bharat’s First Marine Biosphere Reserve Gets Global Honour
- Erosion due to natural and manmade causes poses a serious threat to an island in the protected Gulf of Mannar. Gulf of Mannar, Bharat’s First Marine Biosphere Reserve Gets Global Honour.
- The 10,500 sqkm that it covers was declared protected and named the Gulf of Mannar Marine Biosphere Reserve by the Centre in 1989.
- It is also part of Unesco's The Man and the Biosphere Programme. The core area of 560 sqkm was declared as the Gulf of Mannar Marine National Park by the Tamil Nadu government in 1986.
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886. DRDO releases the Indian Radio Software Architecture standard 1.0 to enable interoperability in Military Communication
- On October 7, 2025, Defence Research and Development Organisation (DRDO), in collaboration with the Integrated Defence Staff (IDS) and the Tri-Services, formally released Indian Radio Software Architecture (IRSA) standard 1.0 to enable interoperability in Military Communication, during the National workshop organised at DRDO Bhawan, New Delhi.
- IRSA is a comprehensive software specification for Software Defined Radios (SDR), defining standardized interfaces, APIs, execution environments, and waveform portability mechanisms.
- The launch of IRSA represents a defining step in India’s journey toward self-reliance in defence communication technologies, embodying the vision of building indigenous, inter-operable, and future-ready SDR solutions — designed in India, for India and ready for the world.
887. India’s defence exports soar 34 times in 11 years under Atmanirbhar push
- India’s Atmanirbhar Bharat mission has transformed the defence sector, propelling the country from a major importer to a confident exporter of military technology. Defence exports have soared 34 times in the past eleven years — from just ₹6.8 billion in FY14 to a record ₹236.2 billion in FY25, a year-on-year increase of 12 per cent.
- The strong performance in FY25 was led by both the Defence Public Sector Undertakings (DPSUs) and the private sector. The private sector contributed 64.5% (₹152.3 billion) of total exports, while DPSUs accounted for ₹83.9 billion.
- Hyderabad-based Astra Microwave Products has emerged as a leader in defence, aerospace, and radar electronics. In Q1FY26, defence contributed 86.4% of its revenue, with exports at 10%, a figure it aims to triple to 30% over the next three years.
888. Indian Railways Gets ₹24,634 Crore Boost For Expansion In Maharashtra, MP, Gujarat & Chhattisgarh
- On October 7, 2025, The Union Cabinet granted approval for four multi-tracking railway projects worth ₹24,634 crore across Maharashtra, Madhya Pradesh, Gujarat and Chhattisgarh, adding about 894 km to the rail network.
- The projects, covering 18 districts will enhance connectivity for 3,633 villages with a combined population of around 8.58 million, benefiting two aspirational districts.
- Key routes include Bhusaval-Wardha (3rd & 4th line), Gondia-Dongargarh (4th line), Vadodara-Ratlam (3rd & 4th line) and Itarsi-Bhopal-Bina (4th line). The upgrades aim to boost freight capacity (especially for coal, containers, steel, food grains) and improve operational efficiency.
889. India’s Wind Exports Surge Elevenfold to USD 245 Million: Report
- On October 7, 2025, it was reported that India’s exports of wind turbines surging more than elevenfold over seven years—from USD 22 million in FY2018 to USD 245 million in FY2025, according to a new report by Rubix Data Sciences, a risk management and business intelligence firm.
- The growth has been underpinned by a robust domestic base of 14 manufacturers and 33 turbine models, positioning India as a significant exporter of clean technology solutions.
- In the solar segment, India has overtaken Japan to become the world’s third-largest market, with 123 GW of installed capacity as of August 2025.
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890. India’s exports surge ahead despite global uncertainties
- On October 7, 2025, India’s total exports of goods and services have increased by 5.19 per cent to $346.10 billion in April-August 2025 from $329.03 billion in the same period of the 2024, despite the uncertainties in global markets triggered by the US tariff hikes.
- According to World Bank Data, the world’s export basket is growing at 2.5 per cent, whereas India’s export is growing at 7.1 per cent (2024) outpacing global growth, and indicating the progress of the country on the international front.
- India’s merchandise exports are on an upward trajectory in 2025 with a growth of 2.31 per cent in April-August 2025 to $183.74 billion as compared to $179.60 billion during the same period of 2024.
- The share of exports in India’s GDP has increased from 19.8 per cent in 2015 to 21.2 per cent in 2024, which also indicates the growing relevance of exports in the Indian economy India’s trade performance continued its trend of growth in the first five months of FY 2025–26, too, the statement observed.
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