CURRENT AFFAIRS

Detailed explanation-1: -The newly-constituted RBI’s Digital Payments Index (RBI-DPI) stood at 377.46 in September 2022 against 349.30 in March 2022 and 304.06 in September 2021.

Detailed explanation-2: -The index for March 2022 stands at 349.30 as against 304.06 for September 2021, which was announced on January 19, 2022. The RBI-DPI index has demonstrated significant growth representing the rapid adoption and deepening of digital payments across the country in recent years.

Detailed explanation-3: -The index for September 2022 stands at 377.46 as against 349.30 for March 2022. The RBI-DPI index has increased across all parameters driven by significant growth in payment infrastructure and payment performance across the country over the period.

Detailed explanation-4: -The Reserve Bank of India’s composite Digital Payments Index (RBI-DPI) has risen to 349.30 in March 2022 against 270.59 in March 2021, indicating rapid adoption and deepening of digital payments across the country.

Detailed explanation-5: -The RBI-DPI comprises of 5 broad parameters including payment enablers, demand side factors of payment infrastructure, supply side factors of payment Infrastructure, payment performance and consumer centricity.