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India aims at developing tech driven regulatory framework for cryptocurrency during G20 presidency: Sitharaman

India aims at developing tech driven regulatory framework for cryptocurrency during G20 presidency: Sitharaman

by AIP Online Bureau | Oct 16, 2022 | Eco/Invest/Demography, Indian News, Regulation, Technology

Nirmala Sitharaman, Finance Minister  “This concern has been actually acknowledged by several members of the G20 saying yes money trail, yes money laundering, yes drug misuse, and so on. There is an understanding that we need to have some kind of regulation, and...
Indian economy seen as sweet spot world over; inflation at manageable level: FM

Indian economy seen as sweet spot world over; inflation at manageable level: FM

by AIP Online Bureau | Oct 2, 2022 | Eco/Invest/Demography, Indian News, Policy

Finance Minister Nirmala Sitharaman ”The government is actively engaging with sovereign funds, big funds who can come to India and invest in India Finance Minister Nirmala Sitharaman on Saturday said inflation is at a manageable level and the Indian economy is...
Indian economy seen as sweet spot world over; inflation at manageable level: FM

Working to implement common KYC for financial transactions: FM

by AIP Online Bureau | Sep 20, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology

Nirmala Sitharaman, union finance minister ”There is a central repository which takes care of central KYC. We are also now working in such a way that once you have given your KYC, it can be applicable at various institutions at various times for various...
Nirmala Sitharaman chairs 26th meeting of Financial Stability and Development Council

Nirmala Sitharaman chairs 26th meeting of Financial Stability and Development Council

by AIP Online Bureau | Sep 16, 2022 | Eco/Invest/Demography, Indian News, Policy, Regulation

Nirmala Sitharaman,Union Finance Minister The council stressed on the early warning indicators for the economy and the preparedness to deal with them, improving the efficiency of the existing financial and credit information systems, and issues of governance and...
Financial inclusion major step towards inclusive growth: FM

Financial inclusion major step towards inclusive growth: FM

by AIP Online Bureau | Aug 28, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life

Nirmala Sitharaman,Finance Minister The success of the Pradhan Mantri Jan Dhan Yojana (PMJDY) since August 28, 2014 is reflected in terms of opening of over 46 crore bank accounts with deposit balance of Rs 1.74 lakh crore with its expanded coverage to 67 per cent...
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