PM Modi said India is the bright spot of the global economy today, RuPay and UPI are our identities

In the post-budget webinar on the financial sector, Prime Minister Narendra Modi today said on Tuesday, March 7, that there was a time when even trusting India was thought of a hundred times. Now when India is moving forward with financial discipline, transparency and an inclusive approach, a huge change is being seen. Now at the beginning of the discussion, faith has replaced the question mark as before and at the end of the discussion also the question mark has been replaced by expectation. Today India is being called the bright spot of the global economy. India is also taking up the responsibility of chairing the G20 today. Today's new India is moving forward with new potential. The banking system which was on the verge of sinking 8-10 years back has now become profitable. Today you have a government which is continuously taking bold decisions, there is a lot of clarity and confidence in policy decisions, so you should go ahead and work.

In the post-budget webinar on the financial sector, Prime Minister Modi said that the need of the hour is that the benefits of the strength in India's banking system should reach the last mile. Just like we supported MSMEs, similarly, India's banking system will have to do the handholding of more and more sectors.

Prime Minister Modi said that RuPay and UPI are not just low-cost and highly secure technology, but they are our identity in the world. There is immense potential for innovation in this. We have to work together to make UPI a medium of financial inclusion for the whole world.

Prime Minister Modi said that during 2013-14, our gross tax revenue was about 11 lakh crores, according to the estimates of 2023-24, the gross tax revenue can now be more than 33 lakh crores, that is, despite India reducing the tax rate. Tax collection is increasing. We did a lot to increase that tax base.

Prime Minister Modi said that once upon a time there used to talk about how high the tax rate is in India. Today the situation is completely different. Due to GST, due to the reduction in income tax, due to the reduction in corporate tax, the tax in India has been reduced a lot, and that burden on the citizens is reducing a lot.

Prime Minister Modi said that due to the momentum of PM, there has been an unprecedented speed in the planning and implementation of the project. We also have to give maximum support to the private sector working for the progress of different geographical areas and economic sectors.

Prime Minister Modi said that being vocal about local and self-reliance is not an issue option for us. This is an issue affecting the future. Vocal for the local and vision of self-reliance is a national responsibility.

Prime Minister Modi said that the government's policies related to financial inclusion have made crores of people a part of the formal financial system. Mudra loan of more than 20 lakh crore rupees without bank guarantee The government has helped the youth to fulfill their dreams.