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Indian govt units up Fintech committee to assist ease rules, Know-how Information, ETtech
The federal government has arrange an eight-member steering committee on fintech to assist ease rules and enhance entrepreneurship within the sector.The committee may also work with UIDAI, the statutory authority issuing Aadhaar identification numbers, to discover creation and use of distinctive enterprise identification quantity, the finance ministry mentioned in a press release on Monday.
The panel will likely be chaired by Subhash Chandra Garg, secretary, division of financial affairs (DEA). Its members will embrace prime executives from the ministry of electronics and knowledge know-how, Central Board of Excise and Customs, UIDAI and the Reserve Financial institution of India.
Finance minister Arun Jaitley had introduced the establishing of a bunch of consultants for fintech in his Union Finances speech in February, the place he had additionally known as for fintech function in boosting the expansion of MSMEs.
The panel will “take into account varied points regarding the event of fintech house in India with a view to make fintech-related rules extra versatile and generate enhanced entrepreneurship in an space the place India has distinctive comparative strengths vis-à-vis different rising economies”, the ministry mentioned.
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