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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.
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.
News Source : Hindustan Times
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Recalling how Amrita Singh prevented Saif Ali Khan from endorsing his movie Pehla Nasha, Deepak Tijori “I was shocked by it.”
Recently, Deepak Tijori revealed some startling trivia about his 1990 film Pehla Nasha. He remembered when Saif was urged not to promote the film by Amrita Singh.
Tipppsy, the next film directed by Deepak Tijori, marks his return to directing. The actor-director is never afraid to speak openly about his colleagues. In a recent Zoom TV interview, Deepak remembered that Amrita Singh had previously advised Saif Ali Khan not to back Deepak’s movie Pehla Nasha.
In addition to starring in several films in the 1990s with Shah Rukh Khan, Rahul Roy, and Aamir Khan, Deepak also portrayed the lead in Pehla Nasha. The actor revealed that there was a scene in the Ashuotsh Gowariker-directed movie when Saif, Rahul Roy, Aamir Khan, and Shah Rukh Khan made cameo appearances.
According to Deepak Tijori, Amrita Singh prevented Saif Ali Khan from endorsing his movie.
When asked if Bollywood performers were friendly at parties but did not promote one other’s films, he responded, “Yeah, I guess I could probably tell you a personal experience.” I am referring about 1993 here. We were working on a movie named Pehla Nasha back in 1993. Surprisingly, there was a moment in the movie when everyone wants celebrities to attend a character’s debut. We had buddies, and the director was Ashutosh Gowariker. Therefore, I was taken aback when this particular occurrence occurred.”
According to Deepak, Amrita advised Saif not to back him.
He went on, “It seems that Shah Rukh Khan, Saif Ali Khan, and Aamir Khan were on their way.” Thus, Saif was reading, and this was similar to his interpretation of it when he got ready at home. Amrita Singh, his former spouse, questioned him, “What are you doing?” To what destination are you heading? “I’m heading to a premiere,” he declared. I’m heading out to shoot. I’m going to be involved with Deepak’s debut. “Really?” was her question. In what way is this possible? You know, we never did all these things. Who takes this action? similar to when you go and help someone on a premiere. That was a moment, then, and I was shocked by it. Evidently, something didn’t truly exist back then (days).
Concerning Pehla Nasha
Concerning Pehla NasPehla Nasha was a mystery-thriller for the uninitiated. Paresh Rawal, Pooja Bhatt, and Raveena Tandon all had significant parts in the film. The 1984 thriller Body Double by Brian de Palma was remade in this film. In addition to Juhi Chawla and Sudesh Berry, Shah Rukh and Saif also made cameo appearances in the movie as themselves
In Deepak’s new movie Tipppsy, a bunch of females attend on a bachelorette party, but as they become drunk, things go wrong. Important parts are played by Alankrita Sahai, Natasha Suri, Kainaat Arora, and others in the film. Tipppsy will be available on May 10.
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Recalling how Amrita Singh prevented Saif Ali Khan from endorsing his movie Pehla Nasha, Deepak Tijori “I was shocked by it.”
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