National Payments Corporation of India CONTEXT: National Payments Corporation of India has officially partnered with ACLEDA Bank to launch Unified Payments Interface (UPI) acceptance in Cambodia. About National Payments Corporation of India (NPCI) NPCI is a not-for-profit organization established by the Reserve Bank of India and the Indian Banks' Association under the provisions of the Payment and Settlement Systems Act, 2007. It serves as the central body responsible for managing and regulating retail payment and settlement systems across India. Major Initiatives by NPCI Developed the RuPay card network and interlinked ATM systems nationwide. Introduced the Unified Payments Interface for instant digital payments. Also operates key systems such as: National Electronic Toll Collection (via FASTag) Immediate Payment Service National Automated Clearing House Aadhaar Payment Bridge System Overall, NPCI plays a crucial role in strengthening India’s digital payment ecosystem. About Unified Payments Interface (UPI) The Unified Payments Interface (UPI) was launched on April 11, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI). UPI is an instant digital payment platform that facilitates real-time transfer of funds directly between bank accounts through mobile devices. Regulation: It is managed and operated by the National Payments Corporation of India. Key Features: Allows immediate fund transfers. Available round-the-clock (24×7). Supports payments via QR codes. Enables both person-to-person (P2P) and person-to-merchant (P2M) transactions. National Panchayat Awards 2025 Context: The National Panchayat Awards 2025 Conferment Ceremony will be held on 3rd June 2026 in New Delhi. A total of 42 outstanding Panchayats from across India will be honoured. The winners of the National Panchayat Awards 2025 (NPA-2025) have been announced by the Ministry of Panchayat Raj (MoPR), Categories of Awards Deen Dayal Upadhyay Panchayat Satat Vikas Puraskar (DDUPSVP): Recognises top-performing Gram Panchayats. Evaluation is based on…
