{"id":366,"date":"2010-11-11T03:18:04","date_gmt":"2010-11-11T03:18:04","guid":{"rendered":"http:\/\/theasiantimes.com\/?p=366"},"modified":"2010-11-11T03:18:04","modified_gmt":"2010-11-11T03:18:04","slug":"us-companies-can-play-a-critical-role-in-delivering-financial-inclusion-in-india-pranab-mukherjee","status":"publish","type":"post","link":"http:\/\/theasiantimes.com\/?p=366","title":{"rendered":"US Companies can play a critical role in delivering Financial Inclusion in India : Pranab Mukherjee"},"content":{"rendered":"<p><span style=\"font-family: Arial; font-size: small;\"><a href=\"http:\/\/theasiantimes.com\/wp-content\/uploads\/2010\/11\/pranab-mukherjee.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-367\" title=\"pranab-mukherjee\" src=\"http:\/\/theasiantimes.com\/wp-content\/uploads\/2010\/11\/pranab-mukherjee.jpg\" alt=\"\" width=\"307\" height=\"340\" srcset=\"http:\/\/theasiantimes.com\/wp-content\/uploads\/2010\/11\/pranab-mukherjee.jpg 307w, http:\/\/theasiantimes.com\/wp-content\/uploads\/2010\/11\/pranab-mukherjee-270x300.jpg 270w\" sizes=\"auto, (max-width: 307px) 100vw, 307px\" \/><\/a> \u201cFinancial inclusion is a key determinant of sustainable and  inclusive growth. It can unlock the vast hidden potential of savings,  consumption and investment propensities of the poorer sections of  India \u201d,  said Mr. Pranab Mukherjee, Minister of Finance. <\/span><\/p>\n<p><span style=\"font-family: Arial; font-size: small;\"> <\/span><\/p>\n<p><span style=\"font-family: Arial; font-size: small;\"> Speaking  at the conference on India \u2013 US: An Agenda for Co-Creation jointly organised by  the Confederation of Indian Industry (CII) and the US India Business Council  (USIBC), here today, Mr. Mukherjee pointed out some of the critical areas in  which US can partner with India in achieving financial inclusion. He said    US companies can play a key role in  delivering financial inclusion by first, innovating and designing physical  products that meet specific requirements of rural areas and can run in energy  efficient manner. Secondly by designing software that can enable seamless  connectivity for rural consumers and can also prevent cyber crimes and misuse of  customer information. Third, \u201cthe  US companies can also design  financial products and services that are relevant to the poor\u201d. And finally US  companies can help  India in achieving financial  inclusion by providing training and capacity building for financial sector  professionals. <\/span><\/p>\n<p><span style=\"font-family: Arial; font-size: small;\"> <\/span><\/p>\n<p><span style=\"font-family: Arial; font-size: small;\">Earlier,  Mr. Mukherjee elaborated on  India \u2019s potential as an investment  destination. \u201c  India offers exciting opportunities  for global investors\u201d he said, and made a special reference to the  implementation of Indian Government\u2019s disinvestment programme in this context.  He also emphasized that the Foreign Direct Investment (FDI) in   India is open upto 100  percent under automatic in most of the sectors, and  India  is effectively open for business. <\/span><\/p>\n<p><span style=\"font-family: Arial; font-size: small;\"> <\/span><\/p>\n<p><span style=\"font-family: Arial; font-size: small;\">The  Minister pointed out that  India \u2019s regulatory and supervisory  framework has been strengthened through various legislative and administrative  measures, which are consistent with the best international practices. He further  added that evolvement of stable and transparent regulatory regime provides a  level playing field between public and private sector agencies. The procurement  guidelines and bidding documents have been made transparent to enable foreign  investors to participate in  India \u2019s growth story with relative  ease, said Mr. Mukherjee.<br \/>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cFinancial inclusion is a key determinant of sustainable and inclusive growth. It can unlock the vast hidden potential of savings, consumption and investment propensities of the poorer sections of India \u201d, said Mr. Pranab Mukherjee, Minister of Finance. Speaking at the conference on India \u2013 US: An Agenda for Co-Creation jointly organised by the Confederation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,9,3],"tags":[],"class_list":["post-366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-america","category-asia","category-business-trend"],"_links":{"self":[{"href":"http:\/\/theasiantimes.com\/index.php?rest_route=\/wp\/v2\/posts\/366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/theasiantimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/theasiantimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/theasiantimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/theasiantimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=366"}],"version-history":[{"count":3,"href":"http:\/\/theasiantimes.com\/index.php?rest_route=\/wp\/v2\/posts\/366\/revisions"}],"predecessor-version":[{"id":370,"href":"http:\/\/theasiantimes.com\/index.php?rest_route=\/wp\/v2\/posts\/366\/revisions\/370"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/theasiantimes.com\/index.php?rest_route=\/wp\/v2\/media\/367"}],"wp:attachment":[{"href":"http:\/\/theasiantimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/theasiantimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=366"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/theasiantimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}