Washington: The International Monetary Fund (IMF) praised the direct financial transactions of India. Paulo Mauro, the Deputy Director of IMF Financial Department, said that this phenomenon is a ‘logistic miracle’. There is something to be taken from the worldwide examples. The examples of income can be seen in all continents and it is remarkable in the case of India. Actually while considering the area of the nation, it is a wonder how the country manages to make the schemes available to the millions of people residing in the nation, clarified Paulo Mouro.
There are lots of projects to help the nation’s women and children. The money will reach them directly. Such direct transactions are actually remarkable.
They also praised the role of Aadhar in safe money transactions. The money transactions through mobile banking are very common. Aadhar helps to cross check the identity of the people and it processes their applications too. The countries can learn this mutually.
In an IMF report, published last day, it is given that in the midst of the world financial crisis, India is on its better side. IMF also clarified that among the other South Asian nations, India is succeeding progressively.