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The first phase would comprise universal access to banking facilities. Under this, basic bank accounts with zero balance, RuPay debit card and financial literacy, will have to be completed in the next one year, officials said.
Till June 30, the southwest monsoon was 33 per cent lower than normal, which is among the worst in the last five years, with 28 of the 36 meteorological divisions recording deficient rain.
'Goddess Laxmi doesn't come just by praying to her.' 'You have to make yourself attractive to Laxmi for her to come to you.'
'Today, political formations seem to adopt an 'us' versus 'them' approach which shows up even in their attitude towards civil servants.'
'This creates an added layer of fear.'
PV registrations in this year's festive period stood at 287,717 units as against 333,456 units in the corresponding period last year, down 14 per cent. Two-wheeler registrations also fell by 13 per cent to 15,83,276 units as against 18,11,703 units in the year-ago period.
The changes afoot in the capital may herald the beginning of the end of India's long infrastructural nightmare.
When Anil Ambani, the billionaire businessman, launched the initial public offering of his company, Reliance Power, this week, he received enough orders to cover the $3bn listing within one minute of its opening.
PMI went up from 51.2 points in May to 53.1 in June. Owing to the June figure, PMI for manufacturing stood at 51.9 points in the first quarter of 2018-19 against 51.8 points in the fourth quarter of 2017-18.
Hyundai said its production was not impacted because of the labour problem at the vendor's factory.
Alternatively, the government may go in for a five-day session to blunt criticism that it was running away from debates.
'When an institution believes its knowledge and capability is superior to everyone, it behaves like a frog in the well.' 'And this is precisely the cause for the mess,' says J N Gupta.
The Mumbai traffic police, in a move that runs against the very culture of driving in this city of 18m, have begun cracking down on noisy motorists.
Total income during the reported quarter stood at Rs 11,776.63 crore as against Rs 10,258.13 crore in the year-ago period
It would be advisable to look to companies that reported attractive growth during the first quarter, says Mudar Patherya
'If you give your ID and password to somebody else, how can anybody blame the technology for that problem?'
After the government sought Parliament's nod for a second batch of supplementary demand for grants that will cause a hit of Rs 2.99 trillion to the exchequer, doubts suddenly arose about the government's ability to meet the Budget projections of reining in its fiscal deficit at 6.8 per cent of gross domestic product (GDP), or Rs 15.06 trillion, for the current financial year. Till now, many were of the opinion that the government would succeed in checking the deficit at a much lower figure than what was given in the Budget Estimates (BE). The government had sought Parliament's approval to spend Rs 3.74 trillion extra, but Rs 74,517.01 crore will be matched by equal savings on other heads.
A World Bank report released last week projected that remittances to developing countries alone will reach $240bn this year compared to $221bn in 2006, with Asia receiving $114bn.
'Even if Serum Institute and Bharat Biotech were successful in ramping up production overnight, what happens to the capacity after the demand from India is met?' asks Sanjeev Nayyar.
Former RBI governors Urjit Patel and Raghuram Rajan have also expressed worry about the Mudra scheme, particularly government's target-setting practice and the rising bad loans.
At the benchmark Lasalgaon Agricultural Produce Market Committee (APMC) mandi, the model onion price shot up to Rs 21.50 a kg on Thursday, as against Rs 16.50 a kg on Wednesday. This was the highest since February 11.
The Orwellian surveillance State is here. And here to stay, asserts Virendra Kapoor.
'The government has stopped our earnings due to the lockdown and must do something for our earnings to restart.'
The Chinese side hopes that the next US administration will return to a sensible approach, resume dialogue with China, restore normalcy to the bilateral relations and restart cooperation, Wang, who is also a state councillor, told the state-run Xinhua news agency in an interview.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
While sales momentum from rural areas may last another three to six months, sales growth in urban areas could stage a comeback by next year's June quarter as people learn to live with the coronavirus and economic activity gradually improves in the cities.
Analysts expect RIL to report consolidated revenue of Rs 1.40 trillion and 10 analysts expect RIL's net income to be Rs 9,629 crore
Rediff.com's Delhi correspondent, who was present at the venue of Thursday's Union Cabinet meeting at PM's residence, reports how Kamal Nath and Sharad Pawar stole the thunder at the crucial meeting.
Payment banks may not be viable option to attain financial inclusion.
Noting that Aadhaar was an 'irreversible process', Unique Identification Authority of India Chairman Nandan Nilekani said on Friday they have targeted to enroll 60 crore (600 million) people by 2014.
The US president explained his use of the social media app, saying: "I call it a modern day form of communication, okay?
Branch additions for most major banks in the current financial year do not correspond to the number of the past two years.
'Like doctors, health workers, police, bankers are also COVID warriors,' notes Tamal Bandyopadhyay.
It is difficult to say if the banking sector will see the worst behind it by March 2020, warns Tamal Bandyopadhyay.
After a slump in sales in January, life insurance companies saw 36 per cent rise in new premium income during February.
Where do the four members of the Supreme Court appointed panel to interface with farmers stand on the Modi government's farm laws?
Upcoming payment banks will lift lower income groups in distant villages.
'Unknown' location advertisement spends were nearly 74% higher than the next biggest spender, Uttar Pradesh.
In September, sales of 125cc models - that include the Hero Glamour, Splendor, Pulsar 125, Victor Star City, among others - grew by a whopping 30 per cent over the same period a year ago to 305,615 units.
'Perhaps GST was too complex a system for the Indian economy at its present stage of development,' argues T N Ninan.
