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PM Modi and other world leaders inaugurate Gandhi Solar Park at the UN headquarters, in New York
Gandhi ji never tried to create influence through his life but it became a source of inspiration: PM
We are living in the era of 'how to impress' but Gandhi ji's vision was 'how to inspire': PM Modi

To commemorate the 150th birth anniversary of Mahatma Gandhi – a global icon of peace and non-violence, Prime Minister Narendra Modi hosted a high-level event on the sidelines of the 74th UNGA today at 6:30 pm in the ECOSOC Chamber of the UN Headquarters.

The event was graced by H.E. Mr. António Guterres, Secretary General of the UN, H.E. Mr. Moon Jae-in, President of the Republic of Korea, H.E. Mr. Lee Hsien Loong, Prime Minister of the Republic of Singapore, H.E. Ms. Sheikh Hasina, Prime Minister of the People’s Republic of Bangladesh, H.E. Mr. Andrew Holness, Prime Minister of Jamaica and H.E. Ms. Jacinda Ardern, Prime Minister of New Zealand.

Other dignitaries who took part in the event include the Prime Minister of Bhutan H.E. Mr. Lotay Tshering, First Lady of Republic of Korea H.E. Ms. Kim Jung-Sook, senior officials of the UN and diplomats from member states.

External Affairs Minister Dr. S. Jaishankar gave the welcome remarks. The participating dignitaries together inaugurated the Gandhi Solar Park at the UN Headquarters (contributed by Government of India to the UN), the Gandhi Peace Garden at State University of New York College at Old Westbury and unveiled the special commemorative edition of the Gandhi@150 Postage Stamps brought out by the UN Postal Administration.

PM Modi in his keynote address talked about the contributions of Mahatma Gandhi to the cause of greater human freedom in the 20th century; emphasis on the welfare of all (Sarvodaya); championing of the downtrodden (Antyodaya); and prescient concern for environmental sustainability. PM said that Mahatma Gandhi’s faith in collective will, shared destiny, moral purpose, people’s movements and personal responsibility are extremely germane to contemporary times.

PM said that violent conflict, terrorism, economic inequalities, socio-economic deprivation, pandemics and the looming existential threat of climate change are impacting people, states and societies. Leadership is crucial to addressing any and every one of these issues and the values promoted by Gandhi serve as moral compass for enlightened leadership.

Secretary General Guterres said that Gandhi gave us a talisman to judge any policy and indeed any action – to assess if the proposed action would enhance the life, dignity and destiny of the poorest person we met. Sanitation, maternal health, primary education, gender balance, women empowerment, reduction of hunger, and ensuring partnerships for development formed the basis for Gandhi's life and practice long before the MDGs or SDGs were designed. In fact, the Sustainable Development Goals are Gandhian philosophy in action.

The participating leaders used the occasion to pay tribute to Gandhian thinking and said that the legacy of Mahatma Gandhi will endure for generations to come. They said the name of Mahatma Gandhi transcends the bounds of race, religion and nation-states, and has emerged as the prophetic voice of the twenty-first century. Gandhi was a multi-faceted personality. He was a nationalist and an internationalist, a traditionalist and reformist, a political leader and a spiritual mentor, a writer and a thinker and a pacifist and an activist for social reform and change. The world remembers the Mahatma not just for his passionate adherence to the practice of non-violence and supreme humanism, but as a benchmark against which we test men and women in public life, political ideas and government policies, and the hopes and wishes of our shared planet.

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സേവനത്തിന്റെയും സമർപ്പണത്തിന്റെയും 20 വർഷങ്ങൾ നിർവ്വചിക്കുന്ന 20 ചിത്രങ്ങൾ
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It is time to convert fintech initiatives into a fintech revolution: PM Modi
December 03, 2021
പങ്കിടുക
 
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“last year, in India, mobile payments exceeded ATM cash withdrawals for the first time”
“Transformational initiatives under Digital India have opened doors for innovative Fintech solutions to be applied in governance”
“Now it is time to convert these fintech initiatives into a fintech revolution. A revolution that helps to achieve financial empowerment of every single citizen of the country”
“Trust means that you need to ensure that the interests of people are secured. Fintech innovation will be incomplete without fintech security innovation”
“Our Digital Public Infrastructure solutions can improve the lives of citizens around the world”
“GIFT City is not merely a premise, it represents India. It represents India’s democratic values, demand, demography & diversity. It represents India’s openness to ideas, innovation & investment”
“Finance is the life blood of an economy and technology is its carrier . Both are equally important for achieving Antyodaya

Excellencies,

Distinguished colleagues,

My fellow citizens from the Tech and Finance world, Tens of thousands of Participants from over 70 countries,

Namaskar!

Friends,

I am delighted to inaugurate the first 'Infinity Forum' and welcome you all. 'Infinity Forum' represents the immense possibilities that Fintech has in India. It also shows the huge potential for India's Fintech to provide benefits to the entire world.

Friends,

The history of currency shows tremendous evolution. As humans evolved, so did the form of our transactions. From barter system to metals, from coins to notes, from cheques to cards, today we have reached here. Earlier developments used to take decades to spread across the world but not any more in this era of globalisation .Technology is bringing a big shift in the world of finance. Last year, in India, mobile payments exceeded ATM cash withdrawals for the first time. Fully digital banks, without any physical branch offices, are already a reality and may become common-place in less than a decade.

Friends,

India has proved to the world that it is second to none when it comes to adopting technology or innovating around it. Transformational initiatives under Digital India have opened doors for Fintech innovations to be applied in governance. Technology has also catalyzed financial inclusion. From less than 50% Indians having bank accounts in 2014, we have almost universalized it with 430 million Jan Dhan accounts in the last 7 years. So far, 690 million RuPay cards have been issued. RuPay cards clocked 1.3 billion transactions last year. UPI processed around 4.2 billion transactions in just last month.

Almost 300 million invoices are uploaded on the GST portal every month. More than 12 billion US dollars worth payment is done through the GST portal alone every month. Despite the pandemic, about 1.5 million railway tickets get booked online everyday. Last year, FASTag processed 1.3 billion seamless transactions. PM Svanidhi is enabling access to credit for small vendors across the country. e-RUPI has enabled targeted delivery of specified services without leakages; I can go on and on, but these are just a few examples of the scale & scope of Fintech in India.

Friends,

Financial inclusion is the driver of Fintech Revolution. Fintech is resting on 4 pillars; income, investments, insurance, and institutional credit. When income grows, investment becomes possible. Insurance coverage enables greater risk taking ability and investments. Institutional credit gives wings for expansion. And we have worked on each of these pillars. When all these factors come together, you suddenly find so many more people participating in the financial sector. The large base becomes the perfect springboard for Fintech innovations. Fintech industry in India is innovating to enhance access to finance and the formal credit system to every person in the country. Now it is time to convert these fintech initiatives into a fintech revolution. A revolution that helps to achieve financial empowerment of every single citizen of the country.

Friends,

As we see the widening reach of fintech, there are considerations that need attention. Fintech industry has achieved huge scale, and scale means people from all walks of life as customers. This fintech acceptability among the masses has a unique feature. That feature is trust. The common Indian has shown immense trust in our Fintech ecosystem by embracing digital payments and such technologies! This trust is a responsibility. Trust means that you need to ensure that the interests of people are secured. Fintech innovation will be incomplete without fintech security innovation.

Friends,

We believe in sharing our experiences and expertise with the world and learning from them as well. Our Digital Public Infrastructure solutions can improve the lives of people around the world. Tools like UPI and RuPay provide an unparalleled opportunity for every country. An opportunity to provide a low cost and reliable 'real time payment system' as well as a 'domestic card scheme' and 'fund remittance system'.

Friends,

GIFT City is not merely a premise, It represents the promise of India. It represents India's democratic values, demand, demography & diversity. It represents India's openness to ideas, innovation & investment. GIFT City is a gateway to the global fintech world. (IFSC) at GIFT City was born out of the vision that finance combined with technology would be an important part of India's future development. Our aim is to provide the best International Financial Services not just for India but for the World.

Friends,

Finance is the life blood of an economy and technology is its carrier. Both are equally important for achieving ''Antyodaya and Sarvodaya''. Our flagship Infinity Forum is part of our endeavor to bring together all key stakeholders of the global Fintech Industry to explore the limitless future of the industry. I remember the conversation I had with Mr Mike Bloomberg on this subject when we last met. And I thank the Bloomberg group for their support. Infinity forum is a forum of belief, belief in the spirit of innovation and the power of imagination. Belief in the energy of youth and their passion for change. Belief in making the world a better place. Let us together, explore and advance innovative ideas in Fintech to solve the most pressing issues emerging globally.

Thank You!