Some believe the shift to mobile-based transactions will be seamless considering that the urban tele-density is 148%. In rural areas, it is touching 51%. But smartphone penetration in India is a mere 12%. Growth of mobile money has been extremely slow: It is currently 1%.
P Chidambaram accused the BJP of making a u-turn on bills like GST after having stalled them during the UPA regime.
The govt has a lot more to do then just open bank accounts for the poor in the Jan Dhan scheme.
Economic growth in the last two years has stayed above seven per cent.
India's rising GDP may have propelled the middle class to become richer, buy new cars, travel around the world and build assets, but it further pushed the economically disadvantaged and poor into poverty and drudgery, says Devanik Saha.
The top two in the government and in the Bharatiya Janata Party, Prime Minister Narendra Modi and party President Amit Shah, respectively, spent the day trying to hard sell not just the contentious land Bill but also how the Modi government stood for the welfare of farmers.
India's cities must switch over to piped gas leaving LPG cylinders.
Accusing the erstwhile Congress governments of pursuing "vote bank politics", PM Modi reached out to the numerically significant Nishad community in Uttar Pradesh
Three recent initiatives kicked off with renewed vigour to improve governance were actually started, perhaps in a different format by the UPA government.
The meeting will be attended by all heads and EDs of public sector banks
The BJP president demanded that Rahul apologise for his stand on the JNU issue, saying support to anti-national forces in the name of the Left's progressive ideology is not acceptable.
At its peak five years ago, it was a lifeline for 5.5 crore, or one in every three rural homes
Report card of the Narendra Modi-led central government for the first six months, on the basis of ratings by top CEOs, under key parameters.
'When the campaign started the Congress said it had been miserable for the last 27 years for UP and that people should get rid of those who made it miserable, and that they should bring back the glorious years of the Congress.' 'Then they joined hands with those who ruled for the last 26 years. Some called it a shrewd strategy, but to the people this was not shrewdness.' 'Where is the credibility in your actions when you change direction of the campaign?'
Government's financial inclusion mission is well intentioned, but it may be putting a severe strain on the banking sector.
The Bharatiya Janata Party's hot saffronite swami is yoga teacher Ramdev.
Mihir S Sharma outlines why this year's Union Budget does not respond to the needs of India's economy, or attempt to frame the economy's future.
The new Insurance Bill will boost investment in the sector
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Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
FIXES BY THE GOVERNMENT: Energy price fixed, tax issues linger.
After the Bihar setback, these are the issues the PM must address to maintain the people's faith in him.
'The government and the RBI have been playing a very good part in terms of inflation management.'
Aadhaar now has legal backing but it still faces challenges of privacy and data sharing
Swaraj emphasised that the UN must accept it needs fundamental reform.
Low consumer demand, a slide in investments and troubles in the banking sector should prompt the government to recalibrate taxes and expenditure. It is also important to ramp up spending on health care and education, says CII president Sumit Mazumder.
Indian govt must find solution to ever increasing LPG subsidy. Govt must cap LPG subsidy.
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
P Chidambaram rejected Prime Minister Narendra Modi's veiled charge that Sonia Gandhi was an "unconstitutional authority."
Even if Mudra steps in to play its main role of refinancing at some stage, the responsibility for the bad loans remains with the banks.
Banking as we know it will stand on its head in the next 10 years.
Like Indira Gandhi, even Narendra Modi seems to be relying on directing public-sector banks through ministry of finance supported by party cadres, says Debashis Basu.
Days after the PM announced a financial inclusion package, a look at how banks and insurance firms are going about it and what lies ahead.
Prime Minister Narendra Modi on Friday addressed the nation on the 68th Independence Day from the ramparts of the historic Red Fort for the first time.
Prime Minister Narendra Modi's maiden speech from Red Fort last Independence Day outlined some grand programmes. Shehzad Poonawalla does a quick check on the progress made.
Stepping up his offensive against the Congress, he asked the party to "repent" for what it has not done in the last 60 years.
Modi needs to get his act straight and get it straight soon. Five years down the line, Modi may continue to have support from his ardent supporters, but for the masses he would lose the plot on his sudden inability to tell a good story. After all in the end, all that matters is a good story. Even if the man is remarkable and the story simple, it is always a good story that leaves a lasting impression.
Modi's name sparks muted enthusiasm, scepticism among youth; people expect better development pace from the prime minister
Public sector banks are inefficient, poorly governed and beset by largescale corruption.
As the Jan-Dhan scheme completes a month since its official launch, reports coming in from various parts of the country suggest the stated target of 75 million new accounts will be achieved much before January 26 next year.
Mudra Bank will be a Rs 20,000-crore institution, which would "primarily be responsible for refinancing all micro-finance institutions.
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