Festive Season Spending News - Latest Updates & Headlines
GST reforms, festive season drive UPI payments, stimulate private consumption
New Delhi, Oct 31: The spending through unified payments interface (UPI) during the festival period (Dussehra to Diwali) increased to Rs 17.8 lakh crore, up from Rs 15.1 lakh crore from the previous year, a report said on Friday.
UPI tops festive season payments, transactions jump to Rs 17.8 lakh crore: Bank of Baroda
New Delhi, October 31: Unified Payments Interface (UPI) has emerged as the most preferred mode of payment during the festive season, reflecting strong consumer spending and a revival in demand, according to a report by Bank of Baroda.
UPI transactions surge to Rs 94,000 crore daily in Oct, set for record festive month
New Delhi, Oct 22: The Unified Payments Interface (UPI) is witnessing a festive season boom, with the average daily transaction value in October jumping 13 per cent over September to reach Rs 94,000 crore, according to data from the National Payments Corporation of India (NPCI).
Festive cheer muted as tax cuts fail to ignite spending: Ambit Capital
New Delhi, October 15: The much-anticipated festive season may not deliver the usual consumption boost this year, with Ambit Capital warning that weak labour markets, slowing credit, and mounting tariffs could weigh on consumer sentiment despite recent tax cuts.
Consumer spending expected to touch Rs 14 lakh crore this festive season: BoB Report
New Delhi, October 6: With consumer sentiment getting a major boost from the recent GST rate cuts, total consumer spending during this festive season is expected to be in the range of Rs 12 lakh crore to Rs 14 lakh crore, according to a report by the Bank of Baroda.