Growth is the most significant priority, and the government is focused on achieving the goal. Hon’ble PM and other key ministers have been talking about 5 trillion economy; the government is committed to achieving this: @SecretaryDEA
Extremely important to blend reforms with last mile benefits; it is only then that the reforms become politically palatable: FM @arunjaitley at the interactive session jointly organised by @ficci_india@IndiainNewYork@USISPForum in New York today.
The government has not done any retrospective changes in tax matters barring a single exception - which is legacy - sometime back. ”India is committed to providing a certain tax environment; any anxiety in this regard is unwarranted,” says @SecretaryDEA
Financial inclusion (in India) is by far the largest in the world, ’direct benefit transfer’ and the whole @India_Stack around Aadhar are unique initiatives and can have learning for others to draw from, Chief Economic Adviser Krishnamurthy Subramanian points.
”About 48-50 very good, succinct recommendations, very specific, covering almost all the sectors directly in the financial space, and also indirectly,” of the steering group on #fintech at @FinMinIndia will be announced very soon, pointed @SecretaryDEA at #PICUPFINTECH
“In the future, financial services would be delivered essentially by #fintech,” said @SecretaryDEA at #PICUPFINTECH while alluding to the shift from the manual mode of operation. Addressing the fintech players, he added, ”I see you are the future in the financial space.” #india
The path to ubiquitous epayments- requires low txn fees, interoperable infrastructure,customer ease of use, removing friction in customer onboarding and continued innovation by banks/fintech.Great insights from fellow panelists #Picupfintech@FICCIFinSector@amazonIN@amazonpay
A successful model is the ’Touch&Tech’ model, points @NeoGrowth_Loans’ Piyush Khaitan. DA Tambe, on the other hand, highlights compliance and scale-up as the challenges the #startups in the finance space face.
#PICUPFINTECH#fintech#india.
.@jpmorgan Chase banks’s Madhav Kalyan highlights that they have adopted ”mobile-first” and ”digital everything” as the new internal motto. #PICUPFINTECH#fintech#india