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PM Modi, US Vice President hold talks Singapore

PM Modi, US Vice President hold talks Singapore”

Indian Prime Minister Narendra Modi and Singapore Deputy Prime Minister Tharman Shanmugaratnam on Wednesday formally launched an online marketplace that will connect technology startups and financial institutions in Asia and beyond.

"We hope it (can) be brought about, but it is just the start of the process, and I think Myanmar understands the anxieties which other countries feel about this matter", he said.

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"Technology is defining competitiveness and power in the new world and it is creating boundless opportunities to transform lives", Modi, the first head of government to deliver the keynote address, said as he began his two-day visit to Singapore.

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Southeast Asian countries and others in the region share China's consternation over the Trump administration's rejection of multilateral trade regimes and the global trade system that has helped them modernize and enrich their economies. "From cards to QRs and wallets, digital transactions in India are growing rapidly", Modi said, while recalling his Singapore visit during which he launched India's RuPay card and the first worldwide remittance mobile app using the country's world class Unified Payment Interface (UPI). "As the world's largest event on financial technology, the Festival is the right forum not only to showcase India's strengths in this fast-growing sector, but also to forge global partnerships for fostering innovation and growth", he added.

Pyongyang's suspension of nuclear weapon and ballistic missile tests has been key to this year's rapid diplomatic developments and North Korean-US negotiations, and has been repeatedly praised by President Donald Trump.

The PM said during the visit, he would also have the opportunity to interact with the participants and winners of the joint India-Singapore Hackathon.

"Both sides agreed that there had been a substantial enhancement in our defense relationship, in our imports of equipment from the U.S. but Prime Minister in particular stressed that there was a great opportunity for usa in India in making defense equipment and setting up defense industry in India".

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"With our Jan DhanYojana, we aimed to give a bank account to every Indian".

Modi said the digital technology was introducing transparency and eliminating corruption through innovations such as the Government e-Marketor GEM.

The North said the test took place at the Academy of National Defence Science and Kim couldn't suppress his "passionate joy" at its success. The emerging world of finance will succeed in our inter-connected world when our data and systems are trusted and secure. "And that will mean a very different relationship and we have to get used to it if the USA decides that this is the direction they would go in the long term".

Eighteen Indian fintech firms are participating in the festival, while FICCI (Federation of Indian Chambers of Commerce & Industry) and Monetary Authority of Singapore are the principal aggregators.

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