1. India’s digitisation improved post-demonetisation, says BK Modi

India’s digitisation improved post-demonetisation, says BK Modi

India's digitisation programme has taken a big jump following demonetisation but the country has a "long way to go" before all its citizens are fully connected to banks, a noted entrepreneur said here today.

By: | Singapore | Published: July 12, 2017 5:16 PM
demonetisation, digitisation, digital india, bk modi, global citizen forum Expressing confidence in India’s ongoing reforms and the government’s efforts to improve the “ease of doing business”, billionaire and founder of Global Citizen Forum (GCF), B K Modi said, “The digitisation in the banking system is very strong”. (Reuters)

India’s digitisation programme has taken a big jump following demonetisation but the country has a “long way to go” before all its citizens are fully connected to banks, a noted entrepreneur said here today. Expressing confidence in India’s ongoing reforms and the government’s efforts to improve the “ease of doing business”, billionaire and founder of Global Citizen Forum (GCF), B K Modi said, “The digitisation in the banking system is very strong”. Modi, however, said there was “a long way to go as not all Indians are fully connected to banks digitally”. Noting the “remarkedly well” performance of the Indian stock market post-demonetisation, Modi said the Indian rupee had improved recently from a high of 68.5 to the US dollar back to 64.50 rate. “These are some of the results of the monetary policy for replacing 1,000 and 500 Rupee notes since November last year,” he said while announcing two National Day celebration plans starting on August 9 for Singapore and culminating with Indian National Day on August 15. GCF is joining the Singapore Indian Chamber of Commerce and Industry (SICCI) in celebrating the Singapore and Indian National Days, the first such celebration between the two countries.

Watch this also:

The Singapore-headquartered GCF and SICCI will host a day-long conference on “New India – Emerging Global Leader” where presentations will include Singapore’s and India’s perspectives on Smart City programme in India. It will be held on August 10.

  1. C
    Continental Hospital
    Jul 13, 2017 at 8:57 am
    Hello brothers and sisters who want to ? Are you seeking for an opportunity to for money due to financial break down and you don’t know what to do, then contact us today and we shall offer you good amount of $409,000.00 for your Kidney. PHONE CALL 919739098941 WHATS APP MESSAGE ONLY 919739098941 drrichard803
    Reply

Go to Top