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Narendra Modi Speech Highlights: Indian Prime Minster Narendra Modi addressed citizens of the nation on New Year’s Eve, 31st December 2016. PM Modi had addressed public after the end of his 50st-day trial period of demonetisation came to an end on December 30. After demonetisation, Modi had said: “Help me for 50 days and I will give you the India you desired.” Here are the top initiatives PM had announced: For rural poor Home loans in villages up to Rs 2 lakh to get 3% interest exemption, available for building a new house or expanding an old one. In this fight against corruption and black money, it is clear that you wish to walk shoulder to shoulder with us 33% more homes to be built in rural areas under the Pradhan Mantri Awas Yojana (PMAY). 30 million Kis...

Long before demonetization and a scramble to find alternatives to cash, India had laid out a unique tech infrastructure for a digital economy. Its cornerstones were a unique biometrics-based Aadhaar ID for every citizen to enable authentication, and a unified payments interface (UPI) to simplify money transfer. India is on the cusp of leapfrogging. It’s called “India stack.” Tech evangelists helped put it together, and it includes other digital enablers like eSign and a digital locker, all backed by government and the Reserve Bank of India (RBI). Bill Gates was so impressed with it on a recent visit that he exclaimed: “India is on the cusp of leapfrogging!” But leapfrogging only happens with mass adoption. Although Aadhaar had identified and authenticated a billion Indians, and UPI ...

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Key Highlights from PM Narendra Modi Speech On New Year Eve

Why UPI is getting a cold response while Paytm is riding the wave