RuPay recognized in two countries, Finance minister said - 'Talks are going on in other countries too'
Union Finance minister nirmala sitharaman said that the self-reliant india scheme is presented in the wrong way. This means that india should increase its manufacturing in GDP, which will create jobs for both skilled and semi-skilled.
Gradually, India's acceptance in the wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payment and economic field is increasing on the global stage. India's RuPay Payment System (RuPay) is now recognized in singapore and United Arab Emirates (UAE). Payment can be made through a RuPay card in both of these countries. At the same time, the government of india is in constant touch with its acceptance in other countries as well. This was stated by Union Finance minister nirmala sitharaman while addressing a gathering organized by the Brookings Institution in the US.
Union Finance minister nirmala sitharaman is in the US on a six-day visit to attend the annual meeting of the international Monetary Fund (IMF) and the World Bank. nirmala sitharaman said that self-reliant india aims to generate employment, not to isolate or protect from the world.
At the same time, he also talked about increasing manufacturing in India's GDP. The Finance Ministry issued a statement saying that Union Finance minister nirmala sitharaman met US Treasury Secretary Janet Yellen at the US Treasury in Washington DC. The leaders also discussed the current global macroeconomic situation, among other issues of mutual interest.
Speaking at the Brookings Institute think-tank, Sitharaman said the Modi government's ambitious 'self-reliant India' project is projected in the wrong way. This means that india increases its manufacturing GDP, which will create jobs for both skilled and semi-skilled. He also said that this policy has given a boost to the construction sector, which has employed the unskilled.
The Finance minister said that the construction work of roads and highways has been expedited. Ports and rail networks have been strengthened. On the global supply chain, the minister said that global growth and trade are intertwined. For trade to support growth in the new world order, we inevitably need goods and service supply chains to run across borders. Union Finance minister nirmala sitharaman said that to give impetus to economic policies in india, visionary prime minister Narendra Modi has already given the 'T3 formula' to improve global supply chains. This T-3 includes Trusted Sources, Transparency, and Time-Frame. Reliable sources are vital to our collective safety and credibility.
According to the Finance Ministry, this visit of the Finance minister will be from october 11 to october 16. During this, she will participate in the annual meetings of the World bank, the G20 Group of Finance Ministers, and Governors of Central Banks (FMCBG). nirmala sitharaman will also hold separate meetings with US Finance minister Janet Yellen and World bank President David Malpass during her six-day US visit from october 11 to 16.
She will also hold bilateral meetings with countries including Japan, South Korea, Saudi Arabia, Australia, Bhutan, New Zealand, Egypt, Germany, Mauritius, United Arab Emirates, Iran, and the Netherlands. Apart from this, she will also meet business leaders and investors. During this, Sitharaman will also discuss the current global economic situation.
