Rani Rashmani (1793–1861)
- Built the Dakshineswar Kali Temple
- backed social reforms
- defied British taxes on Ganga fishing — courage, compassion, conviction.
PIB News
23 stories from this issue. Tap “Read full summary” for 6–7 key points on any story.
Daily News
Ten years after its public launch on 25 August 2016, UPI has become the world's largest real-time payment system. Annual transactions exploded from 2 crore in FY 2016-17 to over 24,162 crore in FY 2025-26, worth Rs.314.23 lakh crore. With 55.5 crore users, 741 linked banks and acceptance in a dozen-plus countries — from Singapore's PayNow to the Eiffel Tower — UPI now powers 85% of India's digital payments and nearly half of all global real-time transactions.
India's economy grew 7.8% in the April–June quarter of FY 2026-27, surpassing the RBI's 7% projection. Nominal GDP is projected to grow 10.3% with real GVA up 8.2%, attributed to reforms, efficient economic management and the hard work of India's people.
The Union Cabinet approved four railway multi-tracking projects costing Rs.9,450 crore across West Bengal, Odisha, Tamil Nadu and Andhra Pradesh, adding about 410 km to the rail network. It also approved four-laning the Muzaffarpur–Sitamarhi–Sonbarsa section of NH-22 in Bihar at Rs.3,590.73 crore — called a lifeline for Bihar.
Current Affairs
Five stories from the Sep 16–30, 2026 issue, simplified for revision.
Ten years after its public launch on 25 August 2016, UPI has become the world's largest real-time payment system. Annual transactions exploded from 2 crore in FY 2016-17 to over 24,162 crore in FY 2025-26, worth Rs.314.23 lakh crore. With 55.5 crore users, 741 linked banks and acceptance in a dozen-plus countries — from Singapore's PayNow to the Eiffel Tower — UPI now powers 85% of India's digital payments and nearly half of all global real-time transactions.
Daily Practice
With reference to the Unified Payments Interface (UPI), consider the following statements: 1. It was launched for the general public by the National Payments Corporation of India in August 2016. 2. Person-to-Merchant (P2M) payments account for nearly two-thirds of total UPI transactions. 3. Following the 2026 amendment to the Payment and Settlement Systems Act, 2007, banks are empowered to levy service charges on UPI transactions made by all consumers. Which of the statements given above is/are correct?
Value Addition
Linkages, data, cases and quotes — ready for answers.
UPI's 12,000× decade of growth
Prelims loves Digital Public Infrastructure — JAM trinity, NPCI, and payment-system facts recur in Economy papers.
Q1 GDP at 7.8%, nominal 10.3%
Growth-accounting questions test GVA vs GDP and base-effect reading — straight from Economy PYQs.
2017 bamboo legal reform
Bamboo is a grass, not a tree — the reclassification is classic Environment-prelims material.
26th SCO Summit, Bishkek
IR questions probe SCO membership, summits and India's S-C-O (Security, Connectivity, Opportunity) pitch.
24,162 cr
UPI transactions, FY 2025-26
₹314.23 lakh cr
UPI transaction value, FY 2025-26
55.5 cr
Registered UPI users (Jun 2026)
85%
UPI share of India's digital payments
7.8%
GDP growth, Q1 FY27
47.26 cr+
Ayushman cards issued
₹2.06 lakh cr
PMFBY claims paid since 2016
77,692
Phones recovered via Sanchar Saathi (Jul 2026)
55×
Defence exports growth since 2014
13.96M ha
Bamboo coverage in India
Cycle Chachi
Rajkumari Devi, known as 'Cycle Chachi', sells pickles on her bicycle in Muzaffarpur. Earlier, customers paid Rs.40-50 less claiming they lacked exact change and often forgot the balance, leaving her with no profit. Since accepting UPI payments, her business has grown — every transaction is easy, fast and secure.
Rs.100 premium, Rs.50,600 compensation
Anwar Hussain, a small farmer of Chankhala village in Assam, lost crops to heavy rainfall. Having registered under PMFBY for a nominal Rs.100 premium, he received Rs.50,600 in compensation — avoiding financial distress and continuing to farm with confidence.
Mission ShaktiSAT
Through Mission ShaktiSAT, 12,000 female students from 108 countries are learning satellite technology and advancing in innovation. Highlighted in Mann Ki Baat, the mission shows how a focused programme can open frontier science to girls worldwide.
Avocado
Hardly known earlier with low value and demand, avocado has become a preferred choice in health and premium markets. Its rising demand is proving highly beneficial for farmers — an example of market-led crop diversification cited in Mann Ki Baat.
“Our homegrown UPI platform has become a global marvel…”
Prime Minister Narendra Modi — 'UPI Turns 10' cover story
“Reforms are not a compulsion for us, but a matter of commitment and firm conviction.”
Prime Minister Narendra Modi — ET World Leaders Forum 2026
“Jo khele, wo khile — those who play, blossom.”
Prime Minister Narendra Modi — Khelo India Dialogue
About · Contact · Privacy
Built for UPSC Aspirants
PIB Saar · New India Samachar, Vol 7 Issue 06