PM Modi seeks ideas from citizens for upcoming Independence Day speech

PM Modi seeks ideas from citizens for upcoming Independence Day speech

Two weeks before delivering his 12th consecutive Independence Day address, Prime Minister Narendra Modi on Friday asked people to share their thoughts on the themes and ideas they want to be reflected in his speech.

Two weeks before delivering his 12th consecutive Independence Day address, Prime Minister Narendra Modi on Friday asked people to share their thoughts on the themes and ideas they want to be reflected in his speech.

He urged them to share their thoughts on open forums on MyGov and the Namo App.

In his August 15 addresses, Modi covers a broad sweep of issues facing the country and often makes new announcements.

New UPI rules will be implemented on Friday, August 1. These rules will further enhance the efficiency of UPI apps and protect users from fraud. Implemented by the National Payments Corporation of India (NPCI), they will apply to all payment service providers like Google Pay, PhonePe, or Paytm.

The new rules will regulate activities like checking bank balance, processing autopayments and accessing bank details. All these changes have been mentioned in a circular issued by NPCI on May 21, stating that these changes will improve the performance of UPI applications.

Each UPI app will allow users to check their bank balance 50 times a day. UPI apps will also be able to limit or stop balance enquiry requests to reduce the load on UPI during peak hours. From August, users will be able to see the available balance in their account with every transaction.

Auto payments allow banks to debit a certain amount from users’ accounts automatically on a recurring basis.