PM Modi pitches India as favourite investment destination at Fintech Festival in Singapore
Singapore, Nov 14 : Prime Minister Narendra Modi said Wednesday that financial inclusion has become a reality for 1.3 billion Indians as he pitched India as a favourite destination for investment at the Fintech Festival here.
Modi became the first world leader to address the festival which was launched in 2016 and is in its third edition.
"Financial inclusion has become reality for 1.3 billion Indians. We have generated more than 1.2 billion biometric identities- Aadhaar or foundation- in just a few years," Modi said at the event.
The Singapore Fintech Festival (SFF) is already the world's largest event on financial technology or fintech. In 2017, the event drew as many as 30,000 participants from over 100 countries.
The SFF involves a three-day conference, and exhibition of FinTech firms and capabilities, a global competition of FinTech solutions and a platform for matching entrepreneurs and investment capital.
Modi said through Aadhaar and cellphones, his government has launched Jan Dhan Yojana and opened 330 million new bank accounts in three years.
"These are 330 million sources of identity, dignity and opportunities. Less than 50 per cent of Indian had bank accounts in 2014. Now, it is nearly universal. So today, more than a billion biometric identities, more than a billion bank accounts and more than a billion cell phones give India by far the biggest public infrastructure in the world," Modi said.
"We are in an age of a historic transition brought about by technology. From desktop to cloud, from Internet to social media, from IT Services to Internet of Things, we have come a long way in short time," he said.
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K’taka cabinet approves cricket matches at M. Chinnaswamy stadium: Reports
Belagavi: The state cabinet under the Chairmanship of Chief Minister Siddaramaiah has reportedly given its nod to permit cricket matches at the M. Chinnaswamy Stadium in Bengaluru, subject to certain conditions.
The decision is learnt to have been taken after a meeting held at the Suvarna Vidhana Soudha here on Thursday.
Reports indicate that Home Minister Dr G. Parameshwara has been directed to formulate rules along with a referendum to hold a cricket match at the Chinnaswamy Stadium.
The cabinet’s approval comes subject to conditions, considering the report of Justice D’Cunha, which was prepared after the stampede.
The June 4 stampede during the celebrations for RCB’s maiden IPL title killed 11 people, which raised serious questions over the stadium's capability to host large-scale events.
Will RCB be playing at their home ground next year?
Stating that the “state had learned from the tragedy,” Karnataka Deputy Chief Minister DK Shivakumar on Monday, December 08, dismissed the talks about shifting Royal Challengers Bengaluru’s home games out of the city.
He also said that the Chinnaswamy Stadium is the “pride of Bengaluru and Karnataka” and vowed that IPL fixtures will continue to be played there.
On Wednesday, Shivakumar met the newly elected KSCA president Venkatesh Prasad at the Circuit House in Belagavi and reiterated that cricket matches, including IPL fixtures, will not be shifted out of Bengaluru.
“We have no intention of stopping matches at Chinnaswamy Stadium, but crowd control measures and the Michael D. Cunha committee’s recommendations will be implemented in phases,” he told reporters.
Shivakumar said the government is committed to promoting cricket and supporting fans while safeguarding the state’s reputation, adding that Prasad had sought the government’s cooperation and agreed to work jointly on the issue.
