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UN General Assembly Session: Turkish President Rakes Up Kashmir Issue

Turkish President

Turkish President Recep Tayyip Erdogan on Tuesday raked up the Kashmir issue during his address at the high-level UN General Assembly session and prayed for the establishment of a “fair and permanent” peace and prosperity in Kashmir.

New York: Turkish President Recep Tayyip Erdogan on Tuesday raked up the Kashmir issue during his address at the high-level UN General Assembly session and prayed for the establishment of a “fair and permanent” peace and prosperity in Kashmir.

“India and Pakistan, after having established their sovereignty and independence 75 years ago, they still haven’t established peace and solidarity between one another. This is much unfortunate. We hope and pray that a fair and permanent peace and prosperity will be established in Kashmir,” Erdogan said at the General Debate. Erdogan’s remarks come after he met Prime Minister Narendra Modi on the sidelines of the Shanghai Cooperation Organisation Summit in Samarkand.

Both the leaders exchanged views on regional and global developments between the two countries.
“PM Narendra Modi held talks with President Recep Tayyip Erdogan on the sidelines of the SCO Summit in Samarkand. The two leaders discussed ways to deepen bilateral cooperation in diverse sectors,” PMO India tweeted.

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Meanwhile, PM Modi was hailed at the United Nations General Assembly for his message to Russian President Vladimir Putin over the Ukraine conflict, by the US and France at the UNGA meeting in New York.
On the sidelines of the SCO summit in Samarkand on September 16, PM Modi had told Putin that “today’s era isn’t of war” while emphasising the need to find ways to address the problems of food, fuel security and fertilizers.

France President Emmanuel Macron and US National Security Adviser Jake Sullivan welcomed PM Modi’s statement to Putin on Ukraine.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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Business & Finance

“UPI Targets 1 Billion Transactions Daily In Next 5 Years”: FM Nirmala Sitharaman

ANI
Nirmala Sitharaman

Nirmala Sitharaman further stated that the future of finance will be driven more and more through banking and related services and account aggregators will play a crucial role in it. “Account aggregator system has been adopted by 21 banks including public sector banks,” she added.

New Delhi: Union Finance Minister Nirmala Sitharaman on Tuesday said Unified Payments Interface-based transaction is expected to reach one billion per day in the next five years.
Addressing an event organised by the industry body FICCI, Sitharaman said, data released by NPCI shows that UPI reported 6.28 billion transactions worth Rs 10.62 trillion in July 2022. “Substantial growth is being seen in transactions on a monthly basis.UPI aims to process one billion transactions a day in the next five years,” she said.

Finance Minister said technology adoption in India is very high not only in major cities but also in tier-2 and 3 cities and rural areas. “Digital adoption by Indian citizen is amazing,” she added.
Addressing the session ‘Future of Financing’ at FICCI LEADS 2022, Sitharaman said that the future of finance is going to be Volatile, Uncertain, Complex and Ambiguous (VUCA) and “there is a sense of urgency with which we need to plan”.

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She also stated that the role of artificial intelligence is going to be critical in fintech sector. “I see a big role for AI in fintech sector in detection of fraud, crime and accessing the risks. We will have to ensure personal data security, national and cyber security in our planning,” she added.
The Finance Minister stated that India is working on a system where only a single KYC is needed which can be used across different spheres.

Nirmala Sitharaman further stated that the future of finance will be driven more and more through banking and related services and account aggregators will play a crucial role in it. “Account aggregator system has been adopted by 21 banks including public sector banks,” she added.
Sitharaman emphasised that the link between start-ups, fintech and private equity is visible. There are 6,636 start-ups and 21 unicorns in fintech sector and private equity have helped them to become start-up. “Private equity is pushing them quickly in the path of progress,” she said.

“We need to make sure that climate risks are not going to hit us because we are talking about a future that is digital,” she added.

Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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