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PM Modi reviews flood situation in the Northeastern States, announces assistance of over Rs. 2000 crore
Northeast Floods: PM Modi chairs high level meeting with Chief Ministers of Assam, Arunachal Pradesh, Manipur and Nagaland

The Prime Minister, Shri Narendra Modi, today announced a relief package of over Rs. 2000 crore for relief, rehabilitation, reconstruction and flood mitigation measures in the flood-affected North-Eastern states. The announcement came at the end of a series of high level meetings, where the Prime Minister reviewed the flood situation, and relief measures in the States.

Through the course of the day, the Prime Minister held separate, detailed review meetings on the situation in the States of Assam, Arunachal Pradesh, Manipur and Nagaland. The Chief Ministers of the respective States, and senior officials were present at the meetings. A memorandum was received from the Chief Minister of Mizoram, who could not make it to the meeting in person.

Over Rs. 1200 crore will be given by the Union Government for the infrastructure sector alone. The funds will be utilized for repair, maintenance, and strengthening of roads, highways, bridges, and other damaged infrastructure.

Rs. 400 crore will be provided for improving the water holding capacity of the Brahmaputra River, which will assist in flood control.  

In the current financial year, the Union Government has approved Rs. 600 crore as central share of SDRF. Out of this, Rs. 345 crore has already been released, and the remaining will be released immediately, to assist the States in relief and rehabilitation work.

The Union Government will also provide Rs. 100 crore for carrying out a study to synergize efforts towards finding time-bound long term solutions to recurrent floods in the region.  

The North-Eastern region, with eight percent of India's land area, contains one-third of the country's water resources. The Union Government will constitute a High Level Committee, with representation from Ministries of the Government of India and the States, for proper management of the region's vast water resources. An ex-gratia assistance of Rs. 2 lakh to the next of kin of the deceased, and Rs. 50,000/- to each of those seriously injured due to the floods, has been sanctioned under the Prime Minister's National Relief Fund (PMNRF).

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PM to inaugurate InFinity Forum on 3rd December
November 30, 2021
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The Forum will focus on the theme of 'Beyond'; with various sub themes including ‘FinTech beyond boundaries’, ‘FinTech beyond Finance’ and ‘FinTech Beyond Next’

Prime Minister Shri Narendra Modi will inaugurate InFinity Forum, a thought leadership Forum on FinTech, on 3rd December, 2021 at 10 AM via video conferencing.

The event is being hosted by International Financial Services Centres Authority (IFSCA), under the aegis of Government of India in collaboration with GIFT City and Bloomberg on December 3 and 4, 2021. Indonesia, South Africa and the U.K. are partner countries in the first edition of the Forum.

InFinity Forum will bring together the leading minds of the world in policy, business, and technology to discuss and come up with actionable insight into how technology and innovation can be leveraged by the FinTech industry for inclusive growth and serving humanity at large.

The agenda of the Forum will focus on the theme of 'Beyond'; with various sub themes including FinTech beyond boundaries, with governments and businesses focussing beyond the geographical boundaries in the development of global stack to promote financial inclusiveness; FinTech beyond Finance, by having convergence with emerging areas such as SpaceTech, GreenTech and AgriTech to drive sustainable development; and FinTech Beyond Next, with focus on how Quantum Computing could impact the nature of Fintech industry in the future and promote new opportunities.

The forum will witness participation from over 70 countries. Key speakers at the Forum includes Finance Minister of Malaysia Tengku Mr. Zafrul Aziz, Finance Minister of Indonesia Ms Sri Mulyani Indrawati, Minister of Creative Economy Indonesia Mr. Sandiaga S Uno, Chairman and MD, Reliance Industries Mr. Mukesh Ambani, Chairman & CEO SoftBank Group Corp. Mr. Masayoshi Son, Chairman and CEO, IBM Corporation Mr. Arvind Krishna, MD and CEO Kotak Mahindra Bank Limited Mr. Uday Kotak, among others. NITI Aayog, Invest India, FICCI and NASSCOM are some of the key partners to this year's Forum.

About IFSCA

The International Financial Services Centres Authority (IFSCA), headquartered at GIFT City, Gandhinagar Gujarat, has been established under the International Financial Services Centres Authority Act, 2019. It works as a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre (IFSC) in India. At present, the GIFT IFSC is the maiden international financial services centre in India.