Transaction Limit Increased for Hospitals and Educational Institutions:RBI

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Reserve Bank of India (RBI) has recently announced a significant increase in the transaction limit for the Unified Payments Interface (UPI) in hospitals and educational institutions. The new limit has been raised from Rs 1 lakh to Rs 5 lakh. This change aims to simplify and enhance large payments in these critical sectors, offering greater convenience to consumers and streamlining financial operations.For hospitals, this move will facilitate easier payments for high-value medical treatments and services. Patients and their families will be able to make large payments without facing complex processes or restrictions, improving their overall experience. Similarly, educational institutions stand to benefit by offering more flexible payment options for tuition fees, hostel charges, and other expenses, making the process smoother for students and parents. The RBI’s decision reflects its ongoing efforts to promote digital payments and encourage a cashless economy in India. By increasing the ...
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Revolution in Indian Healthcare : IIT Bombay and BFI's Strategic Partnership

 


IIT Bombay and Blockchain for Impact (BFI) have announced a collaboration aimed at advancing healthcare innovation in India. The partnership will involve BFI allocating $900,000 to IIT Bombay over a period of three years. This funding will be used to leverage IIT Bombay's expertise in developing accessible and affordable healthcare technologies. The collaboration is expected to drive innovation and contribute to the improvement of healthcare in India.

Indian Institute of Technology Bombay (IIT Bombay) and Blockchain for Impact (BFI) have announced a strategic partnership aimed at transforming India's public health landscape. Given the country's vast population and complex healthcare challenges, the collaboration seeks to address these issues and enhance healthcare innovation and research.

Through this partnership, BFI will provide funding and support to IIT Bombay to expedite the development and implementation of innovative healthcare solutions. IIT Bombay's proven expertise in research and product development aligns well with BFI's mission to improve healthcare accessibility for all. One of the key milestones in IIT Bombay's healthcare innovation journey is the dedication of CAR-T cell therapy to the nation by President Draupadi Murmu. This achievement highlights IIT Bombay's dedication to leading transformative advancements in healthcare.

Subhasis Chaudhuri, Director of IIT Bombay, emphasized the significance of the collaboration, stating, "IIT Bombay has always been at the forefront of innovation, and this partnership showcases our commitment to utilizing cutting-edge research to address urgent societal challenges. By collaborating with Blockchain for Impact, we aim to accelerate the development and deployment of healthcare innovations that can revolutionize public health outcomes in India and beyond.

https://www.blogger.com/blog/post/edit/7596700069136104390/4369878233511233649?hl=en






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