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The Reserve Bank of India (RBI) seal. | Photo Credit: REUTERS The story so far: The Reserve Bank of India (RBI), as part of its strategy to create digital public infrastructure in the country, has announced that a new technology platform called the Unified Lending Interface (ULI) would be introduced by the Reserve Bank Innovation…
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The Yojana has garnered global praise for its transformative impact on financial inclusion. (File) New Delhi: The Pradhan Mantri Jan Dhan Yojana (PMJDY) which completed ten years of its implementation on Wednesday has had a profound impact on every corner of the country. The scheme launched in 2014, has proven to be the foundation stone…
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File photo of RBI Governor Shaktikanta Das. | Photo Credit: ANI Reserve Bank Governor Shaktikanta Das on Monday (August 26, 2024) said the central bank is constantly working on devising policies, systems, and platforms that will make the financial sector stronger, nimble and customer-centric. In a keynote address at the Global Conference on Digital Public…
UN General Assembly President Dennis Francis has said India’s trajectory exemplifies that Digital Public Infrastructure (DPI) is a fundamental driver of social transformation and progress and facilitates equal opportunities if accessed in an inclusive way. “Just as physical infrastructure is essential for economic growth, digital public infrastructure has emerged as a fundamental driver of social…
India’s Finance Minister announced a new scheme to develop deep tech for defence purposes while presenting the Interim Budget for 2024-25. | Photo Credit: SHIV KUMAR PUSHPAKAR For tech-savvy youth, a corpus of ₹1 lakh crore will be established with 50-year interest free loans for providing long term financing or refinancing with long tenures and low…
The G20 Declaration has welcomed the ‘G20 Framework for Systems of Digital Public Infrastructure’, recognising the role of DPI in the delivery of services at a societal scale, and underlined the commitment to work together to promote cooperation on international governance for Artificial Intelligence (AI). Union Minister Rajeev Chandrasekhar described the Declaration as a “tremendous…
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