...
...
Next Story

PM Modi first head of govt to address Singapore Fintech festival

In the Singapore Financial Technology (Fintech) festival, PM Modi will focus on India’s financial inclusion story, and the demonetisation exercise which broad-based tax collection and ensured better compliance even as it helped the cause of digitisation.

Updated on: Nov 10, 2018, 00:00:13 IST
Hindustan Times, New Delhi | By
Prefer HTon Google
Advertisement

Prime Minister Narendra Modi will be first head of government to address the Singapore Financial Technology (Fintech) festival, the largest of its kind in the world, on November 14, and will focus on India’s financial inclusion story, and the demonetisation exercise which broad-based tax collection and ensured better compliance even as it helped the cause of digitisation. PM Modi will be in Singapore on November 14-15 for the East Asia Summit and will meet US vice president Mike Pence and Chinese Premier Li Keqiang.

Prime Minister Narendra Modi will be first head of government to address the Singapore Financial Technology (Fintech) festival, the largest of its kind in the world, on November 14. (REUTERS)
Prime Minister Narendra Modi will be first head of government to address the Singapore Financial Technology (Fintech) festival, the largest of its kind in the world, on November 14. (REUTERS)

According to South Block officials, PM Modi is also expected to launch a platform, anchored in Singapore, which will initially connect Indian start-ups to ASEAN banks and financial institutions. This is after PM in May-June this year launched the RuPay platform by using it himself to purchase an Indian handicraft product. He also launched the first cross-border remittance app based on India’s Unified Payment Interface, which can become a convenient, quick, inexpensive and secure means for the Indian diaspora and migrant workers to remit money to India.

With India having one of the largest fintech sectors and start up sectors in world, PM Modi will address over 30,000 participants from 100 countries, 230 leading experts from public policy, finance and technology sectors, and the at least 400 exhibitors at the festival. “There will be over 17 visiting leaders for the East Asia summit but PM Modi has been chosen to deliver the fintech address,” said a senior diplomat.

 
ABOUT THE AUTHOR
Shishir Gupta

Shishir Gupta is Executive Editor at Hindustan Times and one of India's top journalists covering national security, strategic affairs, foreign policy and geopolitics. Over the past three decades, he has extensively reported on India's military, diplomatic and security landscape, covering every major conflict and national security challenge, from the 1999 Kargil War and the 2020 East Ladakh standoff to Operation Sindoor in 2025. He has also covered major terror attacks, including the IC-814 hijacking, the 26/11 Mumbai attacks and the 2025 Pahalgam terror strike, along with numerous Pakistan-backed terrorist incidents in the Kashmir Valley and across India. He has reported on national and state elections for more than three decades. A recognised authority on strategic affairs, Gupta has covered India's nuclear programme since the Pokhran-II (Shakti series) tests in May 1998 and has written extensively on global nuclear issues, Indian diplomacy and the country's expanding global outreach. He has also reported widely on international conflicts and terrorism, with a special focus on the Indian subcontinent. Gupta has interviewed Prime Minister Narendra Modi more than four times, including Modi's first interview with the print media after becoming Prime Minister in May 2014. His other interviews include three with the Dalai Lama, as well as conversations with Benjamin Netanyahu, Amit Shah, Yogi Adityanath, S. Jaishankar, Nirmala Sitharaman and Piyush Goyal. He is the author of Indian Mujahideen: The Enemy Within (Hachette, 2011) and Himalayan Face-off: Chinese Assertion and Indian Riposte (Hachette, 2014). He was awarded the Chevening-Wolfson Joint Scholarship at Wolfson College, University of Cambridge, UK, in 1998 and participated in the International Visitor Leadership Program (IVLP) of the US State Department in 2006. He received the Ben Gurion Prize from Israel in 2011 and the K. Subrahmanyam Prize for Strategic Studies in 2015 from the Manohar Parrikar Institute for Defence Studies and Analyses (MP-IDSA). Since 2024, he has hosted Point Blank, Hindustan Times' weekly YouTube show on global geopolitics.

Get the latest India News, breaking headlines and real-time updates from across the country. Stay informed about politics, government policies, crime, weather and major national developments.
Get the latest India News, breaking headlines and real-time updates from across the country. Stay informed about politics, government policies, crime, weather and major national developments.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe