Modi said officers must fix clear targets to improve the country's tax administration by 2022, the 75th anniversary of Independence.
Prime Minister also underlined the need for increasing the number of tax payers to 10 crore.
Rajan said that while there were talks about Jan Dhan, it was difficult to target transfers to people through this tool. Jan Dhan, he said, does not really work as advertised.
Prime Minister Narendra Modi will hold discussions with public sector banks (PSBs) and financial institutions to draw up an action plan for banking reforms
Usha Ananthasubramanian said the bank will leave no stone unturned to recover unpaid loans.
This issue was discussed at the Gyan Sangam addressed by Prime Minister.
The Central Board of Direct Taxes has urged the Income-Tax department to ensure enhanced accountability and probity in public dealings and see to it that honest and tax compliant people are treated with "dignity and courtesy".
What was the RBI doing, what was the PNB top management doing, what were the auditors doing, asks Debashis Basu.
The change may give "secure creditors" the first right to auction an asset in order to recover the dues.
Many bankers say the move will have a serious impact on the chain of command of nationalised banks and that it would only enable the government to dish out favours to a few of their own men.
It also receives large investments from the Europe.
Human memory about policy issues is short. That alone can explain why many are deliriously happy with his latest slogans and ignore seven years of poor 'doing business' climate, taxtortion, extortionate oil prices, and high dependence on babus and the big State that has kept the enterprise system stifled, observes Debashis Basu.
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At the retreat, PSBs had suggested the government cut its stake in these entities to less than 51 per cent over a period of time and empower the boards of individual banks.
'For every person there is a different way that you show respect for your country...my mother-in-law will say karmayogi is the way to go - do your work.'
It will be headed by Secretary, Department of Financial Services.
Apart from Modi, Jaggi Vasudev to address 2-day tax officers' conference
In the policy banks, the government can have 100 per cent stake, McKinsey said.
The RSS realises that with a majority BJP government at the Centre and in several states, now was the best time to undermine and perhaps outdo the Congress-Left 'stranglehold' over campuses and young minds.
Instructions were issued on holding loan camps in the last week of September.
Today, banks are being asked to discover niche strengths and focus on them
Asian shares ended higher after a string of positive US economic data.
While the CEO of a public sector bank earns an average of Rs 18 lakh per annum, his counterpart in the private sector earns an average of Rs 3.5 crore.
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
The meeting will be attended by all heads and EDs of public sector banks
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
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