RBI Governor Shaktikanta Das on Thursday said financial inclusion will continue to be a "policy priority" for the central bank to make the post-pandemic recovery more equitable and sustainable. The Reserve Bank of India will very soon be coming out with the first financial inclusion index, which will assess progress in terms of access, usage and quality, Das said, while speaking at the Economic Times Financial Inclusion Summit. It is the responsibility of all stakeholders to ensure that the financial ecosystem (including the digital medium) is inclusive and capable of effectively addressing risks like mis-selling, cybersecurity, data privacy and promoting trust in the financial system through appropriate financial education and awareness, he added.
The Supreme Court on Thursday set aside the Bombay high court verdict cancelling the caste certificate of Amravati MP and BJP leader Navneet Kaur Rana.
Later, there may be some tax relief aimed at the middle class and measures to benefit the sectors worst hit by Covid-19 and the resultant nationwide lockdown.
Kumar said the Commission will follow the time-tested methods of consultations and consensus building in bringing about any reforms and will not shy away from tough decisions, according to an Election Commission (EC) statement.
Knowing these will save you from taking undue risks, losses and also create wealth in the long run, says Dwaipayan Bose.
'In the long run, I don't foresee major ramifications [about Trudeau's allegations].' 'There's just enough hypocrisy among Western nations for India to douse the outrage.'
The government is coming up with this new law, replacing the Consumer Protection Act 1986, which will incorporate the revised 2015 UN guidelines on consumer protection.
The Border Security Force has transferred the Commanding Officer and the deputy of a battalion whose jawan Tej Bahadur Yadav recently alleged that poor quality food was being given to troops posted along the border.
The addition of new flights at airports will now be based on passenger-handling capacity at security checkpoints, according to the Bureau of Civil Aviation Security (BCAS). The civil aviation security regulator issued directions in this regard on May 22 in a move to reduce congestion and delays inside airport terminals. Following this, airports will have to check passenger-handling capacity at security checkpoints before allotting slots.
"If we do surgical strikes (in this area), you can imagine what all will come out," the prime minister said.
New schemes allows consumers without Aadhaar to receive cash directly in their bank accounts
EPFO is also contemplating providing permanent or universal account number to it all active members by October this year.
The staggered increase in kerosene rate may not have the same impact of freeing up the fuel price as for diesel.
The petition has referred to the Centre's PM Kisan Samman Nidhi Scheme and other programmes announced by some state governments such as Andhra Pradesh, West Bengal, Telangana, Odisha and Jharkhand which, it claimed, helped the parties in power at the Centre and states get political advantage in the recently concluded general elections.
In her first address to the joint sitting of Parliament as the Budget session began, she said 'Amrit Kaal', described by the government as the 25-year period culminating in the centenary of India's independence, is the time to build an India which is 'aatmanirbhar' (self reliant) and also fulfils its humanitarian obligations.
HNIs are scrambling to do so, as they fear government might introduce inheritance tax. This haste could cost them dear, reports Sanjay Kumar Singh
West Bengal Chief Minister Mamata Banerjee on Saturday accused NIA officials of attacking villagers in Purba Medinipur district, the BJP hit back at her saying that the attack on the NIA officials is Sandeshkhalli 2.0 orchestrated by the state.
In a bid to control the coronavirus pandemic, Saudi Arabia said it has barred international visitors from making the Islamic pilgrimage.
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
7 key areas that the Budget must address to re-energise the infrastructure sector, suggests Vinayak Chatterjee.
The outgo for major subsides, is the highest in the first quarter.
One out of every two Indians would have Aadhaar number by the middle of 2014, UIDAI Chairman Nandan Nilekani has said as he underlined the unique attributes of the identification system that will lead to public sector reform and governance transformation.
There are about 15.3 crore LPG consumers in the country.
Team Amazon would also educate and train the khadi artisans to directly sell their products to online customers.
'The agenda in politics should be service-oriented. But in Telangana the mandate of those who got mandate -- their entire focus is to abuse Modi'
Jim Ratcliffe pledged to invest $300 million in Manchester United to try to revive its fortunes.
Among index funds, the most popular products are funds tracking the Nifty 50 and Sensex, says Dwaipayan Bose, and explains the finer points of selecting the right index mutual fund.
A senior RBI official said the regulator was focusing on performance of banks' statewise and in each district.
If suitable action is not taken in corruption cases, it becomes normalised in society, the prime minister said. When a generation sees that a corrupt person in the family is let off without or very little punishment, their courage to indulge in corrupt activities grows manifolds, he said.
'BJP has achieved its aim by making him a regional leader dependent on them.'
Exchange rates play an important factor in international fund transfers
Shares of asset management companies (AMCs) have rallied in the last 3-4 sessions due to clarity on regulatory changes in total expense ratios (TER) and expectations that it won't upset profits much in the long run. HDFC AMC has gained over 12 per cent in the last four sessions, while Nippon AMC and UTI AMC are up around 5 per cent. Aditya Birla Sun Life (ABSL), the only other listed AMCs, has risen more than 2.3 per cent in the last four sessions.
Govt targets 1 cr consumers to give up LPG subsidy.
She has shown shrewdness, sensitivity, and courage. All of these will be needed in ample quantities for the real challenge that will emerge after the elections, notes Shreekant Sambrani.
The govt has a lot more to do then just open bank accounts for the poor in the Jan Dhan scheme.
Total payments in the economy grew 24.08 per cent to Rs117.43 trillion in value terms in June, compared to Rs94.64 trillion in May.
On the extension of the PMGKAY, he said it will cost the government Rs 90,000 crore more.
The Congress released a booklet 'Nau saal, Nau sawaal', asking nine questions from Modi. The BJP rejected the Congress' criticism as a 'bundle of lies and mountain of deception' and said the questions are born out of 'pathological hatred' of the PM.
The department of financial services has decided to give banks commission, to ensure these accounts are kept active.
It is increasingly clear that Rajasthan, under the leadership of Chief Minister Vasundhara Raje, will lead the country in terms of policy reform.
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