So far, 758 million Aadhaar numbers have been generated.
Ahead of his government's first full year budget, Prime Minister Narendra Modi on Friday sought ideas from economists to attract investments, create jobs and finance infrastructure to put India back on high growth path.
On display were PM Modi's pet projects like the 'Make in India' scheme and 'Jan Dhan Yojana'.
The bank will have around 501 branches.
The new tax rates will come into effect from January 1, 2019.
It seems like the Twitter-selfie craze compels the PM to put on a mega show every few months
'Once you resume economic activities, life will be normal.' 'The younger people will tolerate the virus very well. So, life will become normal very soon.'
The biggest achievement of demonetisation is that it has brought about a social revolution against black money and corruption, says Sukumar Mukhopadhyay.
The Modi government's array of economic policy has been impressive.
PM has asked the Reserve Bank to prepare a 20-year road map for financial inclusion
Amendments to RBI Act likely soon
More than 127 million new bank accounts have been opened.
Economist Arvind Panagariya is the vice-chairman of NITI Aayog, while economist Bibek Debroy and scientist V K Saraswat are the two full-time members of the Aayog.
'The BJP gets most of its contributions in cash.' 'Now they may show that donations are made in small amounts, less that Rs 20,000, but everyone knows this is just absurd.'
A bench comprising Chief Justice T S Thakur and Justice D Y Chandrachud said, "We will examine both aspects (inconvenience and constitutional validity) of the matter. Come on Friday at 2 pm".
The government must not enter into what will be a little more than a large-scale transfer of taxpayers' money to the operators of private hospitals.
ICICI Bank has 317 branches in hitherto unbanked villages.
.jpg)
'India is doing better than when we took office 17 months ago'.
'While they claim to cherish Bapu's ideals, they cherish Godse as fervently.'
'Genuine mistakes can and must be forgiven,' argues Vivek Gumaste.
Bureaucrats heading disinvestment and financial services usually don't get appointed as finance secretary.
Prime Minister Narendra Modi on Tuesday met business leaders to hear their grievances on issues ranging from high capital cost to ease of doing business to certainty on taxation matters, as he interacted for the first time with the Indian industry chambers since taking charge over a year ago.
Prime Minister Modi has said it is their small units that drive the Indian economy.
Payments banks are niche banks which will be allowed to function with several restrictions.
The Prime Minister stressed on achieving financial inclusion.
Pradhan Mantri Jan Dhan Yojana and Make in India -- are not covered here.
The most pressing issue facing the financial sector is the rising stock of non-performing assets in the banking system
Key questions remain about the operational and financial viability of a completely paperless bank such as India Post, says Mayank Jain.
One of the big takeaways from the recently released data on India's merchandise trade is that gold imports have, once again, skyrocketed.
The government is doubling down on existing 'temporary' restrictions on the import of gold. Some were introduced under the last administration, and had a transitory effect, reducing gold imports through the official channel.
Steps taken by the government over the past few months signal a determined effort to reform the subsidy regime.
Syed Firdaus Ashraf/Rediff.com lists 11 Modi flagship schemes that may have been gamechangers in the Lok Sabha election.
In the last couple of months, the Prime Minister has visited Japan and the US and launched the Make in India campaign to lure foreign investments into manufacturing sector.
Prime Minister Narendra Modi will undertake a day-long tour of his Lok Sabha constituency on Friday.
The Governor, who completes one year in RBI on Wednesday, has stabilised the rupee and is getting a fix on inflation.
Sitharaman cancels Myanmar trip at last moment citing launch of Modi's Jan Dhan Yojana.
.jpg)
The first phase would comprise universal access to banking facilities. Under this, basic bank accounts with zero balance, RuPay debit card and financial literacy, will have to be completed in the next one year, officials said.
Prasad, who referred to the days when the saffron party had won just two seats in the 1984 Lok Sabha polls, slammed the BJP for shying away from declaring its 'face' for state polls.
Can welfare schemes truly transform from being flagship to flag-bearers for a government that is looking to get a second term in 2019?
To write a criticism of the finance minister's performance without having included the PM's role is deliberate. It is not difficult to see why Jaitley interpreted it as being Sinha's way of sucking up to Modi.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances