As per the latest finance ministry data, the total balance in over 36.06 crore Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts was at Rs 1,00,495.94 crore as on July 3.
Be it loan waiver or DBT transfer, it only helps in creating a "feel good" factor and postpones the problem for some time if structural problems are not handled.
With the BCCI threatening to call off the ongoing series between India and New Zealand, the Justice R M Lodha led panel on Tuesday clarified that they didn't direct the banks to freeze the accounts of the Board and it should carry on with its routine expenses. Fuming at the defiance of its recommendations, the Supreme Court-appointed Lodha panel had "directed" banks, where BCCI holds accounts, not to disburse "large" funds to the state associations, a decision taken by the Board at its Special General Meeting on September 30.
E-commerce firms and sellers including Amazon and eBay have made recommendations to the government for a differentiated policy framework for e-commerce in the revised Foreign Trade Policy (FTP) which is expected to come into effect from April 1, 2021. This is because the existing policies on exports have catered largely to traditional, offline and business-to-business exports. Suggestions have been made to the government that through the FTP, it is important to create a conducive policy framework for e-commerce exports that lowers the entry barrier for small businesses to start exporting, according to the industry sources.
With the lockdown being eased gradually, providing more and more digital solutions, for service delivery and procurement of new policies, is what the corporation is focussing on.
'Increased allocations for MNREGA could have provided the much needed push to rural demand and consumption at a time when recovery continues to remain uneven.'
Bihar Deputy Chief Minister Sushil Modi defended himself saying several tasks can be done simultaneously.
For the last several weeks, both Channi and Sidhu have, directly or indirectly, made a case to be declared as the party's nominee for the top post.
The online channel has only been successful in making inroads in metro cities.
Zubair through his counsel submitted that this is an age of social media where news travels faster than lightning and the job of someone who is debunking false information may draw the ire of others but "the law cannot be weaponisd against him.
Adversarial Harmful Networks -- India Case Study, cited in Facebook whistleblower Frances Haugen's SEC complaints, revealed, among other things, that Facebook was a preferred platform for 'fear-mongering anti-Muslim narratives' in India, observes Devangshu Datta.
India Inc resorted to salary cuts to protect their profits in the June quarter, as revenues came under pressure due to the second pandemic wave that affected nearly the entire country, a report said on Wednesday. The "weak" wage growth will prove to be a drag on the overall economic recovery in the medium term as it will affect household consumption, the report by India Ratings and Research said. An environment of pandemic-led uncertainty and elevated inflation could impact the level of spending and hence the overall demand, it said.
In 2020-2021, the amount of foreign direct investment into India from China and Hong Kong plummeted to just $200 million -- its lowest in the recent past. In the first half of 2021-2022, FDI investments through these two nations stood at just $36 million.
Apart from fulfilling banking services, one can access more than 100 e-commerce sites, book tickets, and even pay for small value groceries through the app. The bank is now proposing to allow other banks to use this to serve their own customers.
Deputy director for the People's Liberation Army Office for International Military Cooperation Major General Huang Xueping held a video conference with his US counterpart Michael Chase last week.
By becoming associate sponsor, STAR Plus brand will get assured mileage on broadcaster SET Max.
While efforts are being mounted on a war footing to arrest its spread, COVID-19 will impact economic activity in India directly through domestic lockdown. The second-round effects, it said, would operate through a severe slowdown in global trade and growth.
Ankit Mehra, founder and CEO, GyanDhan, an education financing marketplace, tells you how to apply for an education loan in the pandemic.
400 young Indians will make it to the prestigious National Defence Academy in Khadakvasla if they clear the NDA entrance exam on November 14.
'Definitely it is being orchestrated.' 'Political parties are indulging in it and trying to gain some points from communities and vote banks they depend upon for their political survival.'
'There is merit in keeping the central bank's balance sheet strong if the government's fiscal balance sheet is weak.'
He also asserted that the freedom of press has to be preserved at any cost in a democracy but media should remember that freedom comes with responsibility.
Billionaire Gautam Adani on Sunday won the race to acquire Swiss cement major Holcim's stake in Ambuja Cements and its subsidiary ACC for $10.5 bn (around Rs 81,361 crore), including the open offers. The Adani family, through an offshore special-purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Holcim Ltd's entire stake in two of India's leading cement companies -- Ambuja Cements and ACC -- the Adani group said in a statement. The group outbid Ultratech and JSW group to enter the cement industry and also emerge as the country's second-largest cement manufacturer, with 70 million tonnes of capacity annually.
The McKinsey report said faster employment growth at 12 million non-farm jobs annually is needed in the post-Covid period till 2029-30, up from just four million created each year between 2012 and 2018.
'If you talk about any kind of equality, you are under attack.'
The rupee is currently hovering around Rs 65/USD at 2-year lows.
External Affairs Ministry Spokesperson Anurag Srivastava said India is committed to resolve all issues through dialogue, noting the way ahead to address the issue is negotiations.
The police had sought Goswami's custody for 14 days, but the court held that custodial interrogation was not required. After the court remanded Goswami in judicial custody, his lawyers Aabad Ponda and Gaurav Parkar filed an application seeking bail.
Will the Modi-Shah combine replace Vijay Rupani as Gujarat CM?
'If I close my housing loan, are there any investment avenues (the investment should provide liquidity) to save tax?'
For insurance intermediaries like brokers, insurance repositories, third-party administrators, etc, 100 per cent FDI may be permitted.
The OF saga has led to sex-workers looking at cryptocurrency as an alternative, notes Devangshu Datta.
In related findings for India, the FATF in a report brought out last month, chronicled the use of banking channels to fund the activities of the banned terror group Hizb-ul-Mujahideen.
Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31
Having faced a debacle in four Assembly elections recently, the UPA government is exploring ways to woo voters before the coming general elections - without deviating from the path of fiscal consolidation.
Nearly all FMCG companies like Marico, HUL, ITC and the rest have been indicating that the operating environment has been challenging, with drop in consumption, especially in rural areas, severe crunch in market liquidity conditions, and disruptions and floods in several parts of the country. To overcome this, they are boosting their direct reach in the countryside.
'People are questioning these highways and expressways in UP because ultimately, they want to get bread and butter first.'
Are "dubious" new categories and "shady" new brands, financed and funded by avaricious investors trying to change the contours of the Indian marketplace forever, asks Sandeep Goyal?
'There is a misconception that gold is a dead asset in India.' 'Around 30 per cent of agriculture loans are collateralised by gold, Soumya Kanti Ghosh and Saket Hishikar, economists at the SBI, point out.
The budget is a responsible and pragmatic one with announcement of several initiatives that should spur growth, says Sanjay Tripathy.
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