As households age, they pile up debt, a peculiarity unique to Indians, a Financial Stability and Development Council report has found. Here are the key takeaways.
The use of RBI capital to strengthen public sector banks will have many positive implications for the economy -- and a few manageable downsides, points out R Jagannathan.
Sleep has been a casualty for Vijay Shekhar Sharma, whose wallet company Paytm has a user base of close to 150 million and is working 20 hours a day.
ArthaKranti wants the government to abolish income tax and 56 other taxes and replace it by a banking transaction tax.
'Let me talk about young Indian startups with their hearts in the right place and how they are proving that innovations that represent 'affordable excellence' -- breaking the myth that 'affordability' and 'excellence' cannot go together -- is indeed possible!' says Dr R A Mashelkar, the eminent scientist, in this fascinating feature.
A day ahead of the nationwide protests planned by the opposition against demonetisation, Prime Minister Narendra Modi defended the move and warned unscrupulous people using the Jan Dhan accounts of the poor to launder their black money of strict action.
'Our honourable CM is so shameless that she will say the state is among the safest for women.'
Stating that pushing GDP growth, which has slipped to 5-year low of 6.8 per cent in 2018-19, is the top priority, President Ramnath Kovind said Modi govt will bring more reforms and raise farm investments to boost growth.
With the Modi government close to completing its two years in office, a new survey on Saturday said nearly half of the respondents (49 per cent) feel "no change" in their living standards while another 15 per cent feel the situation has actually worsened.
The Supreme Court on Thursday assured the Centre and bodies like SEBI and RBI that it will take a decision by Friday evening on their plea seeking setting up a larger bench for modifying an earlier order restricting the voluntary use of Aadhaar card to PDS and LPG schemes only.
The bench referred to the June 9 judgement passed by the apex court in which it had upheld the validity of an Income Tax Act provision making Aadhaar mandatory for allotment of PAN cards
Narendra Modi was both conciliatory and mocking towards the Opposition, particularly Congress, during his hour long reply to the debate on the motion of thanks to the President's address in the Upper House.
Prime Minister Narendra Modi, in his maiden Independence Day address, had made several promises to the nation.
Customers taking small and convenient steps and some degree of care and precaution while paying digitally will ensure safety and security from new threats that emerge every day, says Avinash Luthria
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
New schemes allows consumers without Aadhaar to receive cash directly in their bank accounts
AG Mukul Rohatgi led the Indian delegation at the UN Human Rights Council.
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Banking as we know it will stand on its head in the next 10 years.
Around 40% of India Inc feels that Modi govt's biggest weakness in the last 6 months has been its slow pace of economic reforms.
Bharatiya Janata Party president Amit Shah on Saturday attacked Rahul Gandhi after the Congress vice president questioned the NDA government's achievements, saying it was no mean feat that even the opposition has been unable to level any corruption charges against it.
His 7-day long trip to the United States starts on June 17.
Brokers also want tax rebates, removal of additional tax on dividends, streamlining of GST...
'Vajpayee was predictable in his ways.' 'Modi is a schemer, possessed of a shrewdness that can be rewarding in the chaotic world of politics.' 'His political journey gives reason to believe that 2019 will be another milestone in his private project,' notes Vikram Johri.
ICICI Bank, ONGC and Tata Motors contribute to nearly 50% gain seen on the Nifty.
For financial institutions, it will be an opportunity to provide better lending options. For instance, customers who pay their overdrafts on time will get access to more credit and probably at a cheaper rate.
Progress on several parameters creates a tipping point situation.
BJP workers and mourners queued up in large numbers outside the party headquarters since morning to pay their last respects to the leader.
'Right now, politics is operating in a state of suspended animation. That works to Modi's advantage.'
It is widely believed that Nandan Nilekani's meeting with Prime Minister Narendra Modi saved the ambitious Aadhaar project from oblivion or a takeover by the home ministry.
As unified payments interface gets popular, cash transactions will come down as most small payments will be routed through this.
The Survey estimated that a UBI that reduces poverty to 0.5 per cent would cost 4-5 per cent of GDP, assuming that those in the top 25 per cent income bracket are not part of the loop.
President Pranab Mukherjee addressed a joint session of Parliament ahead of the budget session which began on Tuesday. Here are the highlights of President Pranab Mukherjee's speech:
'There is economic danger: Not inflation, but a slowdown that feeds an employment crisis,' says T N Ninan.
Stepping up his offensive against the Congress, he asked the party to "repent" for what it has not done in the last 60 years.
The finance minister also termed Kanhaiya Kumar's speech, delivered following his release on bail, a "victory for us", saying he had gone to jail for raising anti-India slogans but came back to speak amid slogans of 'Jai Hind' and hoisting of the tricolour.
Taking a dig at Narendra Modi's demonetisation move, Uttar Pradesh Chief Minister Akhilesh Yadav termed cashless economy as a "bigger dream" than 'achche din' and said the note ban will be an issue in the upcoming assembly elections in the state.
The central bank gave 11 entities licences to start payments banks.
Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
Hard selling India as an investment destination at the WEF, Modi said the government is following the principle of reform, perform and transform.
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