Indian Government Sets Up Inter-Ministerial-Industry Committee on Fintech (IMICF)
| Aspect | Details |
|---|---|
| Why in the news? | Government Establishes Fintech Panel to Address Regulatory Challenges |
| Committee Name | Inter-Ministerial-Industry Committee on Fintech (IMICF) |
| Chairperson | Secretary, Department of Financial Services (DFS) |
| Key Government Departments | Ministry of Electronics and Information Technology (MeitY), Department for Promotion of Industry and Internal Trade (DPIIT), Department of Economic Affairs, NITI Aayog |
| Regulatory Bodies | Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) |
| Industry Experts | Ajay Kaushal (BillDesk), Jitendra Gupta (Jupiter), Varun Dua (Acko), Lalit Keshre (Groww), Vishnu Pillai (KPMG), Ashish Garg (McKinsey) |
| Focus Areas | Regulatory concerns, fintech growth, policy framework, global best practices |
| Report Submission Timeline | Within three months from the first meeting |