Prime Minister Narendra Modi said on Monday that the partnership between India and Germany could serve as an example of success in a complex world as the two sides inked several agreements focused on sustainable development under which India would receive USD 10.5 billion assistance by 2030 to boost the use of clean energy.
The first stage of the inclusion strategy was focussed on opening bank accounts, logically seen as creating the last-mile channels for financial access.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
Control over PSU banks is what is allowing the government to drive this scheme.
The two states account for 24% of total accounts opened under financial inclusion scheme.
Policymakers should consider the challenges of beneficiary identification, distributor opposition and beneficiary financial inclusion.
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The official twists and turns have raised questions on the government's credibility and its ability to pull the nation out of the demonetisation quagmire. To keep up with the new rules, the government has issued an updated FAQ on demonetisation.
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