He said that earlier initiative of our Government to promote financial inclusion and the JAM trinity were important precursors to our current push for digital transactions. He hoped the BHIM app has launched would unleash the power of mobile phones.
Summing up the government's agenda, Jaitley stressed on 'TEC' - Transform, Energise, Clean. He said, "the approach is to spend more in rural areas, on infrastructure and poverty alleviation while maintaining fiscal prudence. Economic reforms will be continued promote higher investments and accelerate growth for the benefit of the poor and the underprivileged".
Transform - the quality of governance and quality of life
Energise - various sections of society, especially the youth and the vulnerable, and enable them to unleash their true potential; and
Clean - the country from the evils of corruption, black money and non-transparent political funding
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)