He also said that infrastructure development in the country in the last eight years has been done with a human touch.
There is no dearth of political will today to act against corruption and officers should take action against the corrupt, however powerful, without any hesitation, Prime Minister Narendra Modi said on Monday.
55 million people already in the social security net
Here's what could be ahead for India: A $10-trillion economy by 2030-32, a Sensex at 1,00,000 by 2025, monthly GST revenues at Rs 2 trillion by 2024-25, 100 new unicorns by 2025, and poverty below 5 per cent by 2030, predicts R Jagannathan.
Public sector banks have lost nearly Rs 2.85 lakh crore on account of loan dues of 13 corporates even as the banks are used to bail out ailing financial institutions such as Yes Bank and IL&FS, United Forum of Bank Unions alleged on Monday. In a press release, UFBU's convener B Rambabu said the organisation calls for a two-day all India bank strike on December 16 and 17 protesting against Banking Laws (Amendment) Bill 2021 and opposing the Centre's alleged move to privatise PSBs. According to the statistics given by the UFBU, the 13 corporates' outstanding dues were at Rs 486,800 crore and it was resolved at Rs 161,820 crore resulting in a loss of Rs 284,980 crore.
Unlike the first two stimulus packages, this time the focus would be on boosting demand.
Prime Minister Narendra Modi is addressing the nation for the seventh time from the ramparts of the Red Fort on Independence Day on Saturday and it will be his second speech of the second term in office.
Vijay Mallya, who faces prosecution in India, is reportedly in London.
The idea of the payment banks is to provide access to banking for people, especially in rural areas.
Gandhi said the budgetary cuts were weakening the legal guarantee of timely payment and employment. She noted that the Supreme Court had likened the delay in MGNREGA payments with forced labour.
The Union Budget on Wednesday outlined several initiatives to drive India's technology agenda and boost digital infrastructure, including new centres of excellence for artificial intelligence, National Data Governance Policy, and Entity DigiLocker.
Eight out of about 40 schemes are with the nomenclature starting Pradhan Mantri, but except Gramin Sadak and Rozgar Yojana, most others go barely acknowledged.
USAID looks forward to working with each to make financial inclusion a long-lasting and sustainable reality in India.
Right now there are about 30 lakh (3 million) subscribers under the Swavalamban scheme.
Financial inclusion has been on the top of the govt's top agenda.
Govt sets up task force to monitor circulation of fake currency; suspicious Jan Dhan accounts under scanner.
Finance Minister Nirmala Sitharman on Friday met her counterparts in Singapore and Canada and discussed various issues, including economy, health and opportunities for collaboration. Sitharaman met UK Chancellor of the Exchequer Rishi Sunak, Singapore Finance Minister Lawrence Wong and Canada's Deputy Prime Minister & Finance Minister Chrystia Freeland on the sidelines of the G-20 Joint Finance and Health Ministers' meeting. "Finance Minister Smt. @nsitharaman had an engaging discussion with @cafreeland Dy. Prime Minister & Finance Minister of Canada on the sidelines of #G20 Finance & Health Ministers Meeting in #Rome. The Ministers discussed various issues, including economic and health cooperation," a Finance Ministry tweet said.
The states will be asked to tap the Centre's JAM trinity.
In an over an hour-and-a-half speech, Prime Minister Narendra Modi outlined his 15-month-old government's performance and his vision for the nation in the years to come.
Both prime ministers believed in crafting schemes to help the common man. Modi used quite effectively the instruments Dr Singh introduced. In assessing Modi's success with many schemes, Dr Singh's fundamental work should not be ignored, points out A K Bhattacharya.
A book revolving around Prime Minister Narendra Modi's work and political and governance model with various chapters written by domain experts, his Cabinet colleagues and leading faces in different walks of life, is set to hit the bookstores next month.
The ministry of finance on Tuesday clarified that public sector banks (PSBs) have intimated they are not going to raise bank charges in the near future in view of the COVID-19 pandemic. The ministry's statement comes after several media reports citing steep increase in service charges by certain PSBs surfaced. No service charge is applicable on the 60.04 crore Basic Savings Bank Deposit (BSBD) accounts, including 41.13 crore Jan Dhan accounts opened by the poor segments of the society, as per the statement.
Trai chairman Rajiv Khullar says, India has to pull up its stocks in order to achieve financial inclusion.
RBI director S Gurumurthy the package of more than Rs 20 lakh crore announced by the central government can be described as an interim measure.
Prime Minister Narendra Modi on Sunday said India is a natural ally for the G7 countries in defending the shared values from a host of threats stemming from authoritarianism, terrorism and violent extremism, disinformation and economic coercion.
Sources said the pandemic and the response of the government is likely to be discussed in the virtual meet.
Rediff.com takes a look at the progress of schemes initiated by the government.
Noting that Goddess Durga was worshipped as a symbol of 'Shakti' (strength), Modi said his government was consistently working for the empowerment of women.
It can be an useful tool in achieving the objective of Pradhan Mantri's Jan Dhan Yojana
RuPay is working on how to increase offers to customers. It is also focused on technology innovation in the card payment system.
Indian government expects LIC to have better business this year.
South leads; North-East at bottom but moves ahead, finds out the IndiaSpend Team
The meeting will review annual financial performance of public sector banks, credit offtake in the economy, priority sector lending and progress made under various social sector schemes, including Atal Pension Yojana (APY) and Pradhan Mantri Jan Dhan Yojana.
The Indian economy requires a Rs 3 lakh crore fiscal stimulus, including cash transfer to households through Jan Dhan accounts to spur economic growth amid the pandemic, industry chamber CII said on Thursday and pitched for appointment of a 'Vaccine Czar' for speedy vaccination coverage. CII president T V Narendran also said the chamber expects GDP to grow at 9.5 per cent in 2021-22 as the strong growth in the second half of the fiscal year will be supported by robust external demand and large-scale coverage of vaccination, allowing resumption of economic activity. He also advocated for appointment of a "Vaccine Czar" for speedy vaccination coverage.
Modi said there was a need to make transactions 'transparent' in India.
On display were PM Modi's pet projects like the 'Make in India' scheme and 'Jan Dhan Yojana'.
Instructions were issued on holding loan camps in the last week of September.
PAN will be a must for all transactions, including purchase of jewellery, above Rs 200,000 with effect from January 1, 2016
The rating agency expects the Reserve Bank of India to continue its accommodative monetary stance.
The court was hearing petitions challenging the Aadhaar scheme.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances