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Prime Minister Modi inaugurates Annual Conference of Tax Administrators
There should be respect for the rule of law among all citizens, and even fear of the long arm of the law for those who evade taxes: PM
India is today at a unique stage in its history, and the high aspirations of its people need to be nurtured by the Government: PM
PM Modi outlines ‘RAPID’ charter for tax administrators –Revenue, Accountability, Probity, Information and Digitization

The Prime Minister, Shri Narendra Modi, today addressed tax administrators at the Rajasva Gyan Sangam. This is the first time that the two revenue boards – the Central Board of Direct Taxes (CBDT), and the Central Board of Excise and Customs (CBEC), are holding a simultaneous conference.

The Prime Minister began by inviting suggestions from officers. Some of the officers present, expressed their views on diverse subjects such as digitization, voluntary tax compliance, facilitation for taxpayers, increasing the tax base, upgradation of digital and physical infrastructure for tax administrators etc.

He encouraged the officers for a free and frank exchange of ideas during the Rajasva Gyan Sangam. He stressed that while there should be respect for the rule of law among all citizens, and even fear of the long arm of the law for those who evade taxes, people should not fear tax administrators. 

He said that India is today at a unique stage in its history, and the high aspirations of its people need to be nurtured by the Government, so that they translate into the nation’s development.

He stressed on the need for tax administrators to engender trust in the system. Citing the example of the “Give it up” initiative for voluntarily giving up gas subsidy, he said that the tax base too could be increased significantly, provided the tax administrators can demonstrate the leadership to bring about a change. 

The Prime Minister outlined a five-point charter for tax administrators – RAPID: R for Revenue, A for Accountability, P for Probity, I for Information and D for Digitization. He urged the officers to turn the Gyan Sangam into a Karma Sangam, so that the ideas generated from this conference lead to concrete action on the ground.

The Minister for Finance Shri Arun Jaitley, the Minister of State for Finance Shri Jayant Sinha, the Principal Secretary to the Prime Minister Shri Nripendra Misra, the Revenue Secretary Shri Hasmukh Adhia, and the Chairmen of CBDT and CBEC were present on the occasion.

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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.