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Business / Sun, 14 Apr 2024 The Times of India

External affairs minister S Jaishankar: India does these transactions three times more in one month than US in a year

In a recent address, External Affairs Minister (EAM), S Jaishankar , emphasized the nation’s significant strides in digital transactions. This progress is recognized and lauded globally.”He pointed out that, unlike many countries where the electoral process is questioned, India’s elections are a testament to the smooth functioning of its democracy. “Democracy has proven its ability to deliver in India, contrary to the belief that it hinders development. The seamless voting process involving 100 crore people is a marvel to the world and a feat we should take pride in,” said the minister.Earlier, Jaishankar reaffirmed India’s firm stance against cross-border terrorism, crediting Prime Minister Narendra Modi for a decisive shift in policy post the 2008 Mumbai attacks. “The era of major terrorist incidents is behind us.

In a recent address, External Affairs Minister (EAM), S Jaishankar , emphasized the nation’s significant strides in digital transactions. Speaking at an event in Rajasthan's Bikaner, EAM noting that India processes transactions amounting to Rs 120 crores monthly, while United States’ does only worth Rs 40 crores in a year.Jaishankar highlighted the effectiveness of democracy in India , countering skepticism from other nations.At a gathering in Bikaner, Rajasthan, he remarked, “With the advent of UPI for cashless payments, India’s monthly transaction volume has reached Rs 120 crores, surpassing the US’s annual figure. This progress is recognized and lauded globally.”He pointed out that, unlike many countries where the electoral process is questioned, India’s elections are a testament to the smooth functioning of its democracy. “Democracy has proven its ability to deliver in India, contrary to the belief that it hinders development. The seamless voting process involving 100 crore people is a marvel to the world and a feat we should take pride in,” said the minister.Earlier, Jaishankar reaffirmed India’s firm stance against cross-border terrorism, crediting Prime Minister Narendra Modi for a decisive shift in policy post the 2008 Mumbai attacks. “The era of major terrorist incidents is behind us. Today, India’s response to any terrorist act is exemplified by our action in Uri,” he declared.He also assured that the Indian government’s commitment to its citizens extends beyond national borders, referencing the evacuation operations for Indians in conflict zones abroad as evidence of Prime Minister Modi’s guarantee of safety.As Rajasthan prepares for Lok Sabha elections with 25 seats at stake, the polling is scheduled in two phases on April 19 and 26, with vote counting on June 4.

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