IMF Deputy Director Paolo Mauro praises India’s digital cash transfer schemes
On Wednesday the International Monetary Fund (IMF) praised India’s deployment of a direct cash transfer scheme by calling it a “logistical marvel” and said that there is a lot to learn from India.
Adding further, the IMF official said, “There are programmes that target specifically women. There are programmes that target the elderly and farmers. Perhaps the interesting part is that in these examples, there is a lot of technological innovation.”
Director of the Fiscal Affairs Department Vitor Gaspar noted that the IMF is working with India to implement new technologies and noted that India is “One of the most inspiring examples of the application of technology to solve very complicated issues of targeting support to the people who need it most.”
Addressing a Fiscal Monitor press briefing, the IMF’s Deputy Director of Fiscal Affairs Department Paolo Mauro said, “From India, there is a lot to learn. There is a lot to learn from some other examples around the world. We have examples from pretty much every continent and every level of income. If I look at the case of India, it is actually quite impressive.”
Speaking on India’s successfully implementing of the direct cash transfer programme, Mauro highlighted the “sheer size” of India and said, “It is a logical marvel how these programmes that seek to help people who are at low-income levels reach literally hundreds of millions of people. In the case of India, one thing that is striking is the use of the unique identification system, the Aadhaar.”
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Whenever any western puts his feet in India, they praise. Their praise has no value for they end up praising Pak all the years for being democratic country (i.e. Pakistan)