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Digital Payments Transformed Governance, Financial Inclusion in India, Says PM Modi at G20 Meet

Prime Minister Narendra Modi on Friday said India's digital payments ecosystem has radically transformed governance, financial inclusion and ease of living in the country.With the aim to foster global economic cooperation, the first G20 Finance Minister and Central Bank Governors (FMCBG) meeting is being held in Bengaluru on Friday.Union Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Shaktikanta Das jointly chaired the meeting.In his opening remarks at the meeting via a video message, PM Modi…

Delhi Government will Display Vintage Vehicles and Motorcycles Ahead G20 Summit

Last Updated: February 22, 2023, 13:53 ISTVintage & Classic Car Rally in Delhi (Photo: IANS)According to a senior Transport department official, various events will be hosted by the department in the lead-up to the G20 summitNearly 50 vintage cars, including a 1928 Rolls Royce Phantom I, and more than 20 classic motorcycles will be put on display at an event here on Sunday being organised by the Delhi government in the lead-up to the G20 Summit.The event, “Vintage for Life — The G20 Vintage Vehicles Drive", is being…

Three Airports in India to Facilitate G-20 Travellers with UPI Transactions

Last Updated: February 22, 2023, 12:46 ISTG-20 summit (Photo: IANS)RBI said, the UPI facility is available to travelers from G-20 countries, at select international airports (Bengaluru, Mumbai and New Delhi)The RBI on Tuesday said travellers from G-20 countries arriving at Bengaluru, Mumbai and New Delhi international airports can get Prepaid Payment Instruments wallets linked to UPI for making payments to over five crore merchant outlets across India.Earlier this month, the Reserve Bank made an announcement regarding…

IGI Airport Welcomes Participants for G-20 Summit

Last Updated: February 21, 2023, 09:09 ISTG-20 summit (Photo: IANS)It was informed in the meeting that on reaching the IGI Airport in New Delhi, the delegates would be welcomed with Haryana Village Scenes performanceHaryana Chief Secretary Sanjeev Kaushal has directed government officers to send the action taken report regarding preparations for the G-20 summit to the Chief Secretary’s office within three days.While reviewing the preparations for organising the G-20 summit in Gurugram through video conferencing from the…

India, Singapore to Link Digital Payments Systems UPI, PayNow for Cross-Border Transactions: All Details

Prime Minister Narendra Modi and Singaporean counterpart Lee Hsien Loong will witness the launch and linkage of cross-border connectivity between the Unified Payments Interface (UPI) of India and PayNow of Singapore on Tuesday. The linkage of these two payment systems of both countries would enable residents of both countries to the faster and more cost-efficient transfer of cross-border remittances. The launch is scheduled at 11 am on Tuesday and is to be held via video conferencing. Shaktikanta Das, Governor, Reserve…

Lucknow Airport Prepares For VVIP Rush Due to Global Investors’ Summit and G20 Event

Last Updated: February 06, 2023, 11:25 ISTImage used for Representation. (Photo: Reuters)Around 20 chartered flights are expected to land and take off at the Lucknow airport daily between February 10 to 15Air passengers travelling to and from the Chaudhary Charan Singh airport in Lucknow in mid-February will have to facetime issues and delays.The airport from February 10 to 15 will witness a large number of chartered flights bringing in scores of VVIPs arriving here during this period for the Global Investors’ Summit and…

G20 Summit to Boost Air Travel this Year, Says Tourism Minister

Last Updated: February 14, 2023, 10:08 ISTPM Narendra Modi (Reuters File Photo)India is the G20 President for 2023 and therefore, several meetings related to various sectors are lined up to be held in different parts of the countryUnion Tourism and Culture Minister G. Kishan Reddy on Monday said that a series of G20 meetings, scheduled to take place in the country during 2023, are expected to fuel air passenger traffic.India is the G20 President for 2023 and therefore, several meetings related to various sectors are lined…

Nirmala Sitharaman Partakes in G20 Cryptocurrency Regulation Talks

G20 cryptocurrency regulations talks have been a recurring. The motto of this platform is to govern the global financial system. India has been elected to the G20 presidency in 2023. The Group of 20 (G20) is a premier forum for international economic cooperation that plays a critical role in governing the global economy. G20 cryptocurrency regulation talks are happening in the presence of Nirmala Sitharaman, who stated on multiple occasions that India will push for global regulation of crypto assets to combat terror…

india: India talking with G20 nations to build norms for regulating crypto mining: Finance Minister

Finance Minister Nirmala Sitharaman told Parliament that India has taken on board the G20 member nations to formulate a standard operating protocol to regulate crypto mining.Replying to a question on crypto mining regulation in the Lok Sabha during Question Hour, she said that under its G20 presidency, India is "raising this issue and having detailed discussion with the members so that a standard operating protocol emerges after the discussions in the G20 so that there is a coherent, and comprehensive approach in bringing…