Tag: dominates

  • UPI dominates as India records 88 bn payment transactions, valued at Rs 150 tn in 2022.

    UPI dominates as India records 88 bn payment transactions, valued at Rs 150 tn in 2022.

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    New Delhi: Led by Unified payments interface (UPI), payment modes like debit and credit cards, prepaid payment instruments – mobile and prepaid cards processed 87.92 billion transactions worth Rs 149.5 trillion in 2022, a report showed on Monday.

    The UPI Person-to-Merchant (P2M) and Person-to-Person (P2P) are the most preferred payment modes among consumers with a market share of 40 per cent and 44 per cent, respectively, in terms of transaction volume (UPI was 84 per cent in total).

    In 2022, UPI clocked over 74.05 billion transactions in volume and Rs 126 trillion in terms of value, according to the report by Worldline, a global leader in payment services.

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    The average ticket size (ATS) for UPI P2P transactions was Rs 2,753 and ATS for UPI P2M transactions was Rs 687 (by December 2022).

    However, in terms of value, UPI P2M accounted for 18 per cent share whereas UPI P2P accounted for 66 per cent of digital transactions, according to the report.

    Payment through credit and debit cards accounted for 7 per cent in volume and 14 per cent in value.

    “The adoption of multiple payment solutions is a boon in our journey to realise the dream of a less-cash India,” said Ramesh Narasimhan, CEO, Worldline India.

    For UPI, the transaction volume and value almost doubled since last year as it recorded a 91 per cent increase in volume and over 76 per cent increase in value in 2022 as compared to 2021.

    As of December 2022, the total number of POS terminals deployed by merchant acquiring banks crossed the 7.55 million mark – a 37 per cent YoY growth.

    The total number of credit and debit cards in circulation by the end of 2022 was 1.02 billion, the report showed.

    In 2022, credit cards volume and value stood at 2.76 billion and Rs 13.12 trillion respectively.

    The debit card transactions volume and value stood at 3.64 billion and Rs 7.4 trillion, respectively.

    By December 2022, the number of prepaid payment instruments was 16.23 billion. Out of which, 13.34 billion were wallets and 288.8 million were cards, said the report.

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    ( With inputs from www.siasat.com )

  • As Trump dominates the airwaves, ‘it feels like f–king 2016’

    As Trump dominates the airwaves, ‘it feels like f–king 2016’

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    “This is deja vu all over again,” said Terry Sullivan, who ran Marco Rubio’s 2016 campaign for president. “Trump dominates media coverage, making it impossible for his competitors to get any coverage or forward traction.”

    The Republican presidential primary was always expected to revolve around Trump. But post-indictment, as Republicans rally to his defense — including, crucially, conservative talkers on Fox News — Trump’s opponents are confronting an even more damaging dynamic in race: Their inability to break through at all.

    “It feels like fucking 2016,” said a Republican strategist who supports DeSantis and was granted anonymity to speak freely about the dynamics of the race. “Is there anything that can suck up as much political oxygen in the American political landscape as Trump? I don’t think so.”

    Far from cable TV’s focus on Trump’s indictment, DeSantis has been plowing ahead with a political operation that resembles the early stages of a presidential campaign. But during the final weeks of Florida’s jam-packed legislation session — the backdrop against which DeSantis is preparing his case for taking his local conservative agenda nationwide — the governor hasn’t gotten a fraction of the attention Trump has. Visiting Long Island recently to promote his record and his book, he was greeted by a number of New Yorkers in MAGA hats and a sign that read “DeSantis 2028,” suggesting he get out of Trump’s way in 2024.

    One man in the DeSantis-friendly audience repeatedly shouted “Trump!” before being escorted out of the museum where DeSantis spoke. Nearly all of the attendees POLITICO interviewed spoke favorably about DeSantis, but said they are already committed to supporting the ex-president’s comeback bid.

    To Republicans who saw Trump steamroll through the primary in 2016, it’s all beginning to look like a rerun. And largely helpless to do anything about Trump on their own, they have been venting frustrations increasingly at the media.

    “What’s frustrating to me is we didn’t learn a damn thing from 2015 and 2016 when it comes to just giving him absolute, roadblock media coverage,” said David Kochel, a veteran of six Republican presidential campaigns. “I get it, it’s a big story. But this was getting covered like … the opening of the war in Iraq or the O.J. chase. You couldn’t escape it.”

    He said upcoming debates, cattle calls and other events during the campaign will “give everybody an equal footing, an opportunity” to drive their own coverage. But for now, he said, there isn’t much any Trump rival can do.

    “I don’t know that there’s a strategy anybody could employ,” he said. “Maybe try shooting somebody on Fifth Avenue.”

    Left unsaid was that many of the GOP contenders owe their careers to the man they are now wishcasting away. Mike Pence was Trump’s vice president, Pompeo served as his CIA director and secretary of state and Haley, who had been governor of South Carolina, was elevated as his United Nations ambassador. Trump often laments DeSantis’ disloyalty, saying he was trailing his opponent before Trump endorsed him in 2018.

    One GOP Congressional staffer, granted anonymity to describe sensitive discussions about the campaign, said that in the current climate, “everybody” is worried about DeSantis’ chances.

    “Most people are quietly watching from the sidelines, praying that he puts it together,” the person said.

    While hoping for the Trump saturation to ease, his opponents are putting on a brave face — and working at the edges to draw attention to themselves. Without yet announcing his candidacy — something expected shortly after the legislative session ends in the coming weeks — DeSantis is putting together endorsements. And in pleas to donors, he has been pitching himself as a low-drama version of Trump. Meanwhile a PAC formed to bolster his candidacy has reportedly raised $30 million so far.

    DeSantis traversed the Northeast in recent days to tout his book, then delivered an hour-long speech to a Republican group in Michigan and addressed the Christian liberal arts Hillsdale College about his record in Florida. Later this month he is planning to visit Israel — a significant overseas trip for any presidential contender.

    An adviser to Haley’s campaign, granted anonymity to talk candidly about the situation, acknowledged that there’s “no question this week Trump was getting the bulk of the coverage.”

    But Haley plowed ahead with her previously planned trip to the border last Monday. Her event received conservative media coverage, despite many mainstream news outlets remaining squarely focused on Trump’s looming arraignment. Haley’s border visit and Fox News interview about it appeared on the network’s shows nine times that day, and then five more times on Tuesday.

    Her campaign last week was “conscious of timing,” the adviser said, noting that it would have been foolish to announce Haley’s $11 million first-quarter fundraising haul on Tuesday when Trump’s arraignment was receiving wall to wall coverage. So they waited until Wednesday to drop the news and were pleased with the level of national media coverage they received, the adviser said.

    Ken Farnaso, spokesperson for Haley’s campaign, said her “strategy has not changed at all” given the Trump indictment, and her focus continues to be on holding frequent events in the early primary states.

    Perhaps of all the other Republicans in the field, biotech entrepreneur and “Woke Inc.” author Vivek Ramaswamy has leaned most into the Trump campaign’s messaging on the prosecution. While some candidates, including DeSantis, hesitated to weigh in after news broke of a forthcoming indictment, Ramaswamy jumped to decry the case — and hasn’t stopped since.

    But he is still trying to capture his own audience, too. Last week, he launched a new daily podcast from a high-end, newly built studio in his Columbus campaign headquarters. This week, he will set out across New Hampshire on a 10-county tour, traveling in a decaled bus emblazoned with his headshot.

    Sen. Tim Scott, whose advisers formally announced his upcoming swing to Iowa and New Hampshire just moments before Trump entered the courthouse on Tuesday, will visit those early states this week. Haley will spend three days in Iowa, and Pence, the former vice president, is set to speak this weekend at both the National Rifle Association annual conference and a closed-door gathering of Republican National Committee donors.

    It’s possible that attention will shift eventually to those candidates. Campaigning is not yet in full-swing in early primary states, and the candidates are still months away from their first debate.

    Several people supportive of or close to DeSantis, who routinely polls as the leading alternative to Trump, said members of his team are privately projecting confidence in their methodical strategy, and not betraying any worries about Trump’s consuming presence in the field.

    “I’m not worried at all. I think there’s a bunch of hand-wringing from some nervous nellies prematurely,” said Jason Roe, a Michigan-based Republican strategist who worked for Rubio.

    Roe, who speaks favorably about DeSantis but hasn’t decided who to support yet, said time is in the governor’s favor — the Republican Party’s first primary caucus in Iowa is still 10 months away.

    “Right now no one occupies the stage except Trump,” Roe said. “The dust has to settle.”

    “At some point does all the chaos surrounding him create an opening for a candidate like DeSantis?” he said.

    Then, mulling over his own question, he added, “I want to remain optimistic.”

    Alex Isenstadt and Gary Fineout contributed to this report.

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    ( With inputs from : www.politico.com )

  • R-Day: ‘Nari shakti’ dominates tableaux of Kerala, Karnataka, TN, Maha, Tripura

    R-Day: ‘Nari shakti’ dominates tableaux of Kerala, Karnataka, TN, Maha, Tripura

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    New Delhi: “Nari shakti” and women empowerment dominated the theme of tableaux of Kerala, Karnataka, Tamil Nadu, Maharashtra and Tripura at the Republic Day parade here on Thursday.

    Kerala presented the tableau of “Nari Shakti and Folk Traditions of Women Empowerment” which includes Kalaripayattu, a martial art with more than 2,000 years of history, percussion and tribal traditions.

    Kerala has the highest women’s literacy rate in the country and has the world’s largest women’s self-help network, Kudumbashree.

    The tableau connected women’s empowerment with the literacy mission.

    The tractor portrayed Karthyayani Amma, the winner of Nari Shakti Puraskar in 2020 who topped the literacy examination at the age of 96. Nanchiyamma, the first tribal woman to bag the national film award in 2022 for best playback singing is seen saluting the nation.

    Women are performing Kalaripayattu and the legendary Unni Archa who is known for expertise in Kalaripayattu in Kerala’s folklore is portrayed at the top.

    Tribal dance from the Irula community is shown on the sides and Kudumbashree activities are showcased at the back portion.

    Karnataka’s tableau also celebrated the power of nari shakti. Sulagitti Narasamma, a midwife, Tulsi Gowda Halakki, known as Vruksha Maate (mother of trees), and Salumarada Thimmakka (Thimmakka of a row of trees) have become noted names due to their selfless contributions to the society.

    The Centre honoured them with the Padma Shri, the country’s fourth highest civilian award, for their outstanding achievement.

    In the foreground of the tableau was Sulagitti Narasamma, a midwife, rocking the cradle with a baby in it and playing with the children in her arms.

    Narasamma is an expert in performing deliveries in a traditional way in the absence of skilled doctors. More than two thousand such deliveries have been performed by her in the last seven decades.

    At the centre of the tableau was Tulsi Gowda Halakki, nurturing the plants. Tulsi is an expert in identifying and cultivating rare species of plants. She has the credit of planting more than 30,000 saplings. This is shown in the form of her sitting amidst the plants and nurturing them.

    The last part of the tableau showed Salumarada Thimmakka, a tree planter, who planted 8,000 trees and watered them with the help of her husband along highways.

    Tamil Nadu’s tableau was based on women’s empowerment and the culture of the state which prevailed from the Sangam era to the present day.

    The front portion of the tableau showcased a statue of poet Avvaiyar, an icon for intellectual women. She wrote “Aathichoodi” and “Kondraiventhan” amongst several other finest poems. She is also known as a noble and worshipable saint of exponential morality.

    On either side of the front portion, the statue of Veeramangal Velu Naachiar riding on a horse is placed. She was the queen of Sivaganga (1780-90), who stood as an epitome of bravery and waged war against the East India Company.

    The middle portion of the tableau showcased statues of eminent women personalities namely Carnatic singer M S Subbulakhsmi, the great Bharatanatyam exponent Tanjore Balasaraswati, social reformer and doctor Muthulakhmi Reddy, author and political activist of the Dravidian Movement Moovalur Ramamirtham Ammaiyar and Pappammal, a popular organic farmer still active at the age of 105 in her agriculture field.

    The rear portion of the tableau showcased the replica of Thanjavur Brihadeeswarar Temple built by Chola King Rajaraja Chozhan.

    The temple is recognized as a UNESCO World Heritage Site.

    On the ground, the artists were seen performing Karagaattam, along with a group of musicians in traditional attire playing Kombu (Horn), Naadaswaram and Thavil.

    The tableau of Maharashtra on the background of Azadi ka Amrit Mahotsav presented “Sade Tin Shaktipithe and Nari Shakti”.

    Goddesses are considered sources of power, reflected through this tableau. In the front part of the tableau, the Ghondali associated with the goddess can be seen playing the instrument sambal. On the main body, one can see replicas of three and a half Shaktipeeths.

    At the centre of the tableau, there is a folk art form Potraj and Aaradhi, associated with the goddess. A Maharashtrian woman depicted on the back side of the tableau represented feminine power.

    Apart from that, folk art forms such as Bhop Bhutye, Jogwa are also shown on the tableau.

    Tripura tableau’s theme also revolved around women’s power. It highlighted sustainable livelihood through tourism and organic farming in Tripura with the active participation of women.

    The tableau depicted the Mahamuni Pagoda (Buddhist stupa) at the front. The middle part showed various indigenous performing art forms of Tripura such as homgiri momitete.

    The composite culture of Tripura and the participation of women in different fields were depicted through self-help groups women at work, women with baskets of pineapples, cottage, tea plantation workers and women dressed in colourful traditional costumes walking alongside the tableau.

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    ( With inputs from www.siasat.com )