Financial inclusion has become a reality for 1.3 bn Indians: PM Modi
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Financial inclusion has become a reality for 1.3 bn Indians: PM Modi
Make sure you subscribe and never miss a new video: https://goo.gl/bkDSLj
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Catch is a contemporary new digital platform about the ideas and events shaping the world. It aims to filter and provide news-on-the-run for an impatient new generation. It offers greater insight for influencers and the deeper consumer of news. When opinions are shrill and polarized, we hope to create a middle ground and build bridges. When there is a set thinking, we hope to stand apart and go against the wind. The world is complex, exciting, layered, evolving, always interesting. We hope to be the same.
Lots of videos and lots more in the pipeline. Stay tuned.
Watch Financial inclusion has become a reality for 1.3 bn Indians- PM Modi With HD Quality
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PM Narendra Modi at financial inclusion conference of RBI.
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PM Narendra Modi at financial inclusion conference of RBI.
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The Economic Times | A Times Internet Limited product
In an apparent reference to Congress President Rahul Gandhi, Prime Minister Narendra Modi on Sunday said that some people keep giving 'Made in Ujjain, Made in Jaipur, Made in Jaisalmer' speeches but his government has given a reality stamp to 'Made in Amethi'.
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Watch Modi says 'Made in Amethi' has become a reality, takes jibe at Rahul Gandhi With HD Quality
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Prime Minister Narendra Modi on Thursday said with the abrogation of Article 370 and 35A in Jammu and Kashmir, the dream of 'One Nation, One Constitution' has been realised, as he lashed out at the opposition speaking against the move, asking if they felt it was so necessary why didn't they make it permanent in the past 70 years.
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Watch 'One Nation, One Constitution' has become reality post Article 370 abrogation: PM Modi With HD Quality
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Watch Q. No. 181 - Financial Inclusion Plan: Sh. Arjun Ram Meghwal: 06.08.2010 With HD Quality
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The Economic Times | A Times Internet Limited product
NCLT Mumbai approves My IndusInd Bank and Bharat Financial Inclusion Ltd merger. Nayantara Rai and Pankaj Poddar speak to PH Ravikumar. Non-Exec Chairman of BFIL to understand the operative parts of this deal. Listen in.
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Watch NCLT nod for IndusInd Bank, Bharat financial inclusion merger With HD Quality
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Krishnan Dharmarajan ,Executive Director at Centre for Digital Financial Inclusion
Watch Krishnan Dharmarajan ,Executive Director at Centre for Digital Financial Inclusion With HD Quality
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Future of the Fintech industry looks shining and growing rapidly on the back of the rise of start-ups in the Fintech industry, penetration of smartphone users, continuous build-up of the digital infrastructure and overall streaming of financial processes in many industries. At the same time, the digital payments industry has evolved considerably introducing innovative products, technologies, operating models, etc from time to time. There has been a manifold increase in digital payments in the recent past. Finance minister Mrs Nirmala Sitharaman in the Union budget has earmarked ₹1,500 crore for a scheme to incentivize digital payments to give a further boost to digital transactions.
The collaboration between tech innovators and financial institutions will go a long way in building a seamless eco-system benefitting all parties involved. A report says, India's fintech industry valuation is estimated at $150-160 billion by 2025. It translates to an incremental value-creation potential of approximately $100 billion. It is estimated that to meet this ambition, India's FinTech sector will need investments of 20-25 billion dollars over the next five years. The current cybercrime related to the banking fraud is over 290,000. Over 2.9 lakh cyber security incidents related to digital banking were reported in 2020. Fintechs have various benefits. They can also be viewed as double-edged swords because the technological innovations led by them may also magnify the existing threats to consumers in terms of privacy breaches and cybersecurity risks.
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Technology video | 187 views
#Cabinet #semiconductors #Intel
CBDCs can enhance and facilitate ease of digital payments
The world has been transforming to go digital, even before Covid-19, cash use in payments was declining in some advanced economies. Central banks are actively researching the pros and cons of offering a digital currency to the public that is central bank digital currency (CBDC). We can’t deny the fact that central banks have gone a long way towards establishing the potential benefits and risks. CBDC is a digital form of central bank money that is different from balances in traditional reserve or settlement accounts. CBDC would offer a new type of widely accessible, digitally issued money. Importantly, CBDC will not be a cryptocurrency. Cryptocurrencies are designed to work without a central issuing or controlling authority, have a fixed or system-determined money supply, and use distributed ledger technology to record and validate individual transactions using cryptography (blockchain). The central banks retain complete control over the currency and its issuance and in most of the cases will track and certify transactions through a centralized ledger. The CBDC could be an important instrument for central banks to continue to provide a safe means of payment in step with wider digitalisation of people’s day-to-day lives. CBDCs can enable the banks to not only enhance digital payments but also facilitate ease of payments at the very last mile. It can also help the central banks to reduce the cost, effort, and time spent on printing currencies, managing physical money, and spending efforts towards surveillance and keeping track of counterfeit notes etc.
These developments have resulted in many central banks and governments stepping up efforts towards exploring a digital version of fiat currency and its advantage as the digital currencies is that they are available ubiquitously i.e., as and when a customer needs it. It can also circumvent the middlemen who
Technology video | 135 views
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