Stay updated with breaking news from Account Aggregator Framework. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
World Bank’s G20 Global Partnership for Financial Inclusion document said this ahead of the meeting of heads of the governments and states of the world’s 20 largest economies over the weekend | Latest News India
This article is authored by Kunal Walia, partner and Vineet Bhandari, associate partner, Dalberg Advisors.
India's economy is showing resilience and stability amidst global uncertainty, with a projected 6.5% growth forecast for FY24. The government aims to become the second-largest economy by 2047, focusing on infrastructure development, commerce and connectivity, sustainable development, financial inclusion, and digitalization. India's initiatives in these areas have already yielded positive results and can serve as models for other countries. Cooperation and collaboration among stakeholders will be crucial for India to realize its growth potential.
While chairing the review meeting, the finance minister asked RRBs to continue their focus on the flagship schemes of the central government like Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, PM SVANidhi, Atal Pension Yojana, PM Jan Dhan Yojana, PM Mudra Yojana, Kisan Credit Cards (KCC), KCC Animal Husbandry & Fisheries, etc. and aim for their saturation.
This is aimed at improving the safeguards within the Account Aggregator or AA framework to curb misuse of the financial information in frauds and mis-selling.