The PM spoke about financial inclusion.
The Centre's programmes of maternity benefit and Child Protection Services also got a major boost in the Budget.
The Assam government has taken the initiative to pay workers their wages electronically and has asked banks to open branches adjacent to tea gardens and install ATMs in estates.
Many factors have been identified as key drivers of the inequality between rural and urban areas in China and India.
Three recent initiatives kicked off with renewed vigour to improve governance were actually started, perhaps in a different format by the UPA government.
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%.
Taking a dig at those who have been attacking him over demonetisation, he said, "Some people have lost glow on their faces... earlier they used to chant money-money, now they are chanting Modi-Modi."
According to a nation-wide survey on financial behaviour, India has the highest account dormancy rate even more than countries like Kenya, Tanzania, Uganda, Nigeria, India, Pakistan and Bangladesh.
Several petitions have been filed in the apex court challenging the government's move making Aadhaar mandatory for availing benefits of various social welfare schemes.
The meeting will be attended by all heads and EDs of public sector banks
He told them wryly that he can do a lot of things but cannot be present in the Houses on their behalf.
Govt expects to save Rs 10,000 crore through this move.
Arvind Subramanian was appointed CEA in October 2014 and got a year's extension in September 2017
'...Rs 137 lakh crores of people's money?' 'It is not the government's money, it is people's money.'
'Most of the measures the finance minister announced will take effect after the lockdown.' 'By that time, millions of people will be starving.'
RuPay has 42% of total debit cards, but contributes only 16% of PoS, e-commerce transactions. With banks scheduled to renew deals with Visa, Mastercard, here's how RuPay plans to increase its reach to premium customers.
'A sustainable growth rate of 8 per cent is evidently some distance away,' says T N Ninan.
Rumours in the bureaucracy on his successor include the names of Sajjid Chinoy of JP Morgan, Rathin Roy of the National Institute of Public Finance and Policy, Neelkanth Mishra of Credit Suisse and the principal economic advisor, Sanjeev Sanyal.
Finance Minister Arun Jaitley announced several reforms.
Security forces say Naxals have amassed nearly Rs 1,500 crore through extortion, kidnapping, looting and the narcotics trade.
The prime minister lamented on the lack of unanimity amongst the member states on the issue of terrorism, saying it dents those very principles, that are the basis for the creation of the United Nations.
Subramanian was the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and Senior Fellow at the Centre for Global Development in the US before joining the ministry.
The currency with the public is 10.3 per cent higher than it was in the week preceding November 8, 2016 - from Rs17.97 trillion to Rs18.76 trillion.
After the Bihar setback, these are the issues the PM must address to maintain the people's faith in him.
Social integration with inclusion is is most necessary.
Foxconn, which is Apple's largest manufactures, has decided to set up a manufacturing base in India
'Nationalism built on divisiveness cannot strengthen the country, or help the economy improve its performance,' points out T N Ninan.
He said digitisation was aimed at bringing in accountability and added that more cash would bring with it social evils.
Government's reforms agenda in Parliament is in for trouble with its biggest ally Shiv Sena on Monday joining some Opposition parties in declaring resistance to a bill on raising FDI cap in insurance sector from 26 per cent 49 per cent.
'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?'
On Sunday, August 9, over 400 California-based community leaders from various organisations and inter-faith groups gathered under the Indo-American Community of West Coast USA banner, some of whom were the first to sign up for the event.
The I-T dept has issued 87 notices under section 24 of the said Act
Modi said the government aimed at spreading digital literacy across rural India.
Legislative process in the country is unduly long and tedious
The e-filing website of the I-T department would now provide a facility to pre-validate bank account details.
A CNN-IBN-Axis MyIndia poll about the Modi Government's first year in power assessed the government's performance from a layperson's perspective.
According to a PMO statement, Narendra Modi told banks this would be a source of immense satisfaction for them, and that he himself would recognise the achievements of the best performing branches.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
Telecom subscribers had it good during Rahul Khullar's watch as Telecom Regulatory Authority of India (Trai) chairman.
Prof Ananth Narayan, well known financial expert who works as a faculty member at the SP Jain Institute of Management and Research and the RBI's nominee director on the board of Yes Bank, expects a double-digit contraction in India's GDP this fiscal year. In the first of a two-part interview to Shobha Warrier/Rediff.com, Prof Narayan, below, says, "Giving liquidity and loan to cover the cash flow problem is not sufficient because you are essentially increasing the debt of many of these companies. And they might not be able to bear the burden."
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