Connect with us

Trending

PM Modi calls for ‘fintech revolution’ based on inclusiveness and trust

Published

on

PM Modi calls for ‘fintech revolution’ based on inclusiveness and trust

Prime Minister Narendra Modi called for a “financial technology revolution” on Friday to realize the financial empowerment of every citizen, saying that the country has made significant progress in this regard because of people’s trust in India’s digital ecosystem.

“Inclusive finance is the driving force of the fintech revolution,” Prime Minister Modi said, adding that fintech relies on the four pillars of income, investment, insurance and institutional credit.

He made the above remarks while speaking in a virtual manner at the InFinity Forum of the International Financial Services Center Authority (IFSCA) financial technology event.

He said that when income grows, investment becomes possible, adding that insurance coverage can improve risk-bearing capacity and investment. Modi also said that institutional credit provides wings for expansion, and India has made efforts in each of these pillars.

Advertisement

The Prime Minister of India pointed out that the success of financial technology lies in its inclusiveness and common interests. “The huge foundation becomes the perfect springboard for fintech innovation. India’s fintech industry is innovating to increase everyone’s access to financing and a formal credit system in the country,” he said. “Now, it’s time to turn these fintech initiatives into a fintech revolution. A revolution that will help realize the financial empowerment of every citizen of the country,” Modi said.

He cited several initiatives his government has taken to empower people through financial technology. In the past seven years, India has almost universalized banking, with 430 million Jan Dhan accounts. He said that so far, 690 million RuPay cards have been issued, 1.3 billion transactions were completed last year, and the unified payment interface (UPI) developed in China has processed approximately 4.2 billion transactions last month. Companies upload nearly 300 million invoices on the Goods and Services Tax (GST) portal each month, involving more than $12 billion in payments.

“Despite the [Covid-19] pandemic, there are still about 1.5 million train tickets booked online every day. Last year, FASTag processed 1.3 billion seamless transactions. PM Svanidhi is providing credit to small suppliers across the country. e-RUPI Make targeted delivery of designated services possible without leakage. I can go on and on, these are just a few examples of the scale and scope of Indian fintech,” he said.

“India has proven to the world that it is second to none when it comes to adopting technology or innovating around technology. Transformation under Digital India has opened the door to the application of fintech innovation to governance,” he said.

Advertisement

News Source : Hindustan Times

Haryana

Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024

Published

on

By

Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024

Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.

The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.

Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.

With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.

Advertisement

The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.

Weather and AQI predictions in Delhi for next 7 days:

DateTemperatureSky
October 23, 202432.93 °CSky is clear
October 24, 202432.69 °CSky is clear
October 25, 202432.5 °CSky is clear
October 26, 202432.07 °CSky is clear
October 27, 202430.69 °CSky is clear
October 28, 202431.29 °CSky is clear
October 29, 202432.09 °CSky is clear

Weather in other cities on October 22, 2024

CityTemperatureSky
Mumbai28.35 °CLight rain
Kolkata28.84 °CSky is clear
Chennai28.94 °CLight rain
Bengaluru25.53 °CModerate rain
Hyderabad27.75 °CModerate rain
Ahmedabad31.9 °CSky is clear
Delhi32.93 °CSky is clear

Group Media Publications
Entertainment News Platforms – anyflix.in      
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/

Advertisement
Continue Reading
Anyskill-ads

Facebook

Trending