The assessment of PMJDY should be done within the context of the programme.
An alternative way is to make the Asba (Applications supported by blocked amount) facility compulsory for retail investors.
The macro economic situation and currency depreciation might top the priority list of Reserve Bank of India (RBI) governor-designate Raghuram Rajan.
The government cleared the proposal despite opposition from the petroleum ministry, which says this is not the right time for divestment as the sector is moving from trade parity to export parity pricing.
To cut interest rates, the central bank head has to open up a debate on inflation target revision.
A Delhi University alumnus with an MBA in finance and a doctorate, Vaish started his career as a banker in 1984, became an academician a few years later and joined the capital market in 1998.
Chief Economic Advisor Arvind Subramanian spoke on a wide range of issues -- from GDP growth and fiscal consolidation to job creation and GST.
Bad loans continue to originate mainly from state-owned banks, where the top management's responsibility is not linked to career prospects nor has legal consequences, says Debashis Basu.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
The clean-up process begun by the Reserve Bank of India runs the risk of spiralling out of control.
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
Talking corporate heads are a barometer of the business community's engagement with the economy. If they have nothing to say now there should be cause for concern.
Just before the elections, the government waived interest on loans up to Rs 300,000 for farmers. But this may not really help small and marginal farmers in the state, who make up for two-thirds of the total and are still dependent on informal channels of credit.
The Modi PMO is like none other: It is staffed by people who are so low profile that the only dominant personality is the Prime Minister's.
It is to keep labour unions away and make the employees feel important.
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
Raghuram Rajan joked he wasn't expecting to win any votes or Facebook 'likes' in the position.
A group of high-powered individuals led by Anand Mahindra have come together to set up Krea university. The campus is expected to be ready by 2019 and the first batch of 100 to 125 students will commence classes in August next year.
Given the gestation period for regulatory clearances it is not possible to share any definite timelines.
Former chairman of the UIDAI Nandan Nilekani, elucidates how Aadhaar could become the spine for alternative banking and could replace government services with cash benefits.
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
He has had a productive first year at the RBI -- one which saw, also, India's economic imbalances improve and the unexpectedly strong general election outcome.
The government has opted for the RuPay debit card over the Aadhaar-based platform for "last-mile" authentication in its Pradhan Mantri Jan Dhan Yojana.
For banks to cut loan rates, the cost of deposits needs to come down, and there is no sign of that happening.
While India has to curtail its side, those who do business in India have to be more conscious that they should be less part of the problems and more part of the solution, the business magnate said.
While he has plenty of critics at home, Rajan is a favourite among foreign investors and has been credited for bringing inflation under control.
Even before Prime Minister Narendra Modi swept to power in 2014, Subramanian Swamy was agitating for Rajan's removal.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
India Inc has too much on its plate to ensure double digit growth in FY16.
Banks might hold on to lending rates for the time being.
Whilst substantive public allocations have been made in the infrastructure sector, this strategy is plateauing due to the fiscal deficit constraint, capacity limitation of statal implementing agencies, the declining ability of PSUs, and the precarious situation of the Railways' operating ratio. It is, thus, high time to get the policy compass to point at rejuvenating private sector investments in infrastructure, says Vinayak Chatterjee.
The Centre has accorded top priority for cost-effective, pollution-free transportation modes, such as waterways, which reduce logistic costs and increase road safety. Union minister of roads, highways, ports and shipping Nitin Gadkari speaks to Sanjay Jog about the government's strategy.
One crucial revenue source that can help the government achieve its fiscal-deficit target is the proceeds from the sale of its stakes in public sector companies.
Parekh said divestment can unlock huge funds.
Commercial banks are also expected to be soft on loan repayments and restructure the loans, if not write them off.
Unless the judges factor in the ungovernability of technologies and their beneficial owners, present and future Presidents, prime ministers, judges, legislators and officials handling sensitive assignments may become redundant with reference to their age-old roles for securing 'national resources and assets', warns Dr Gopal Krishna.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
The government's step to curtail fiscal deficit is helping the central bank's monetary policy, Rajan said.
Diageo gets assurance, Heineken may seek one, too.
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