Prime Minister Narendra Modi commended the RBI for being selected for the Digital Transformation Award 2025, emphasizing its focus on innovation and efficiency in governance. The RBI was recognized for its internal initiatives, Pravaah and Sarthi, which reduced paper use and improved processes. Modi asserted that digital innovation strengthens India’s financial ecosystem, benefiting many lives.
On March 16, 2025, Prime Minister Narendra Modi praised the Reserve Bank of India’s (RBI) selection for the Digital Transformation Award 2025, deeming it a significant achievement. He highlighted this recognition as evidence of the RBI’s commitment to innovation and efficient governance. The award was presented by Central Banking, based in London, UK, as announced in a post by the RBI on X.
RBI’s accolade was attributed to its pioneering initiatives, such as the Pravaah and Sarthi systems, developed internally by its dedicated team. The award committee acknowledged that these digital innovations have notably decreased reliance on paper-based submissions, thereby enhancing both internal and external operations of the RBI.
In his post, Prime Minister Modi reiterated that this achievement underscores the transformative impact of digital innovation within India’s financial ecosystem, emphasizing its potential to empower numerous lives. His expressed optimism reflects a broader vision for a technologically advanced governance framework in India.
In conclusion, Prime Minister Modi’s commendation of the Reserve Bank of India’s recognition for the Digital Transformation Award highlights the importance of innovation in governance. The RBI’s successful digital initiatives, particularly the Pravaah and Sarthi systems, showcase substantial progress in streamlining operations and reducing paperwork. This achievement not only signifies a milestone for the RBI but also reinforces the goal of enhancing India’s financial landscape through technology.
Original Source: www.business-standard.com
