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Long-lasting impact Shekhar Shah, Director General, NCAER, said that the ongoing recovery notwithstanding, hysteresis, the long-term effect of sharp contraction of GDP in 2020-21, is likely to be long-lasting. The economy will have to grow at more than the previous trend rate for it to catch up with its pre-pandemic growth level. Conventional macroeconomic policies alone will not do. These will have to be supported by deep and wide ranging reforms, especially in the financial sector, power and foreign trade, he said. Additional reforms in health, education, labour and land are also urgent, but these will require close coordination between the Centre and States in a spirit of cooperative federalism since these are in the main State subjects in the 7th Schedule of the Constitution, Shah added. ....
Cyber security, data protection must to promote financial inclusion, says RBI Guv RBI Governor Shaktikanta Das added that it was imperative to build trust in formal financial services among the hitherto excluded population. 0 claps Share on Issues concerning cyber security and data protection must be addressed to gain confidence of the excluded section in use of technology, which is necessary for promoting financial inclusion, Reserve Bank Governor Shaktikanta Das said on Wednesday. Technology, though being a great enabler, can also lead to exclusion of certain segments of society, Das said in his keynote address at a webinar on Investing in Investor Education in India: Priorities for Action , organised by the NCAER. ....
Cyber security, data protection must to promote financial inclusion, says RBI Governor Shaktikanta Das financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Addressing cyber security, data protection issues important for financial inclusion, says RBI governor hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.
Updated Dec 16, 2020 | 19:13 IST The Governor also stressed that in a large country like India with an aspiring population, financial education cannot remain just the responsibility of financial sector regulators Cybersecurity, data protection must to promote financial inclusion, says Shaktikanta Das New Delhi: Issues concerning cybersecurity and data protection must be addressed to gain confidence of the excluded section in use of technology, which is necessary for promoting financial inclusion, Reserve Bank Governor Shaktikanta Das said on Wednesday. Technology, though being a great enabler, can also lead to exclusion of certain segments of society, Das said in his keynote address at a webinar on Investing in Investor Education in India: Priorities for Action , organised by the NCAER. ....