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India has one of the most secure payment processors in the world known as the UPI. The Unified Payment Interface (UPI) integrates several banking services into a mobile app which allows monetary transfers between entities. The process allows individuals and businesses to transfer money between bank accounts. How Does the UPI System Work? In order…
A recession is a financial state wherein economic activities reduce or contract for a minimum of six months or two quarters. Recessions affect both the government and the people. Due to reduced sales and low production, inflation soars resulting in job loss and reduced budget spending. Interest rates shift as the central bank cuts rates…