The government, they said, will launch a mega drive, Viksit Bharat Sankalp Yatra, across all 2.7 lakh panchayats in the country to reach out to beneficiaries and enrol them.
Retail investors now own a bigger slice of smallcap companies than at the start of 2023-24 (FY24), underscoring their growing conviction about investing in this red-hot space. Data from Capitaline shows mutual funds' (MFs') average holding in the National Stock Exchange Nifty Smallcap 250 rising to 9.26 per cent from 8.67 per cent during the first six months of FY24, with the number of companies with over 20 per cent MF holdings increasing from 24 to 28. In comparison, MF holdings in Nifty50 companies have gone up only marginally, from 9.67 per cent to 9.75 per cent.
It may plan a significant hike in budgetary support aimed at completing the balance 8.4 million dwellings by March 2024.
Dismissing his Assam counterpart's claim, Meghalaya Chief Minister Conrad K Sangma on Tuesday asserted in the assembly that Mukroh village on the disputed inter-state border, where a violent clash claimed six lives last year, is a part of the hill state.
While rising interest rates and tighter liquidity are giving negative signals for the financial sector, increasing economic activity could mean higher business volumes for lenders. Liquidity in the banking system has moved from Rs 8 trillion surplus into a deficit of Rs 33,000 crore over the 2022 calendar year. By the end of November, bank credit had grown 17.5 per cent YoY (year-on-year).
Unlike the race to buy airwaves by telecom companies, airports by infrastructure companies and city gas networks by energy companies, the race to develop super apps by consumer-facing companies in India has not brushed up against any regulatory issues. Officials at the ministry of electronics and information technology and at other regulators are happy they do not have to meddle in who among the Tata group, Reliance Industries Ltd, Flipkart or Paytm will manage to build an app that sweeps in customers. Unlike separate apps a customer uses on her mobile to order groceries, buy food or airline tickets or just make payments, a super app can perform all these functions.
Faadu: A Love Story looks like one of those old movies with a socialist bent that glorified honest poverty and looked down upon ambition and enterprise, notes Deepa Gahlot.
Race for Asia's No. 1 MFI spot: Bandhan now closes in on Grameen Bank
The Reserve Bank of India (RBI) on Monday allowed microfinance lenders to fix interest rates on loans with a rider that those should not be usurious for the borrowers. A microfinance loan is defined as a collateral-free loan given to a household having an annual income of up to Rs 300,000. Each regulated entity (RE) should put in place a board-approved policy regarding pricing of microfinance loans, said the 'Master Direction - Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022'. In the past, the central bank used to announce the rates on quarterly basis.
Nobel Laureate and chief architect of Grameen Bank Muhammad Yunus of Bangladesh had 45-minute meeting with Congress MP Rahul Gandhi in New Delhi on Wednesday during which the two discussed micro-financing activity in Bangladesh and India.
Muhammad Yunus is the 66-year-old Bangladeshi behind the Grameen Movement micro-banking system.
Norway on Wednesday gave a clean chit to Grameen Bank founder Muhammad Yunus, saying it found no evidence of donor fund embezzlement by his bank, removing a cloud that had hovered over the Nobel Laureate.
Nobel Laureate Muhammad Yunus has welcomed Prime Minister Sheikh Hasina's call for an investigation into allegations that he channelled foreign aid meant for the Grameen Bank to another company.
The appellate division of the Supreme Court adjourned for two weeks the hearing on two appeals filed against a high court judgement that upheld a Bangladesh Bank order removing Yunus from the office of managing director of Grameen Bank.
Bangladeshi Nobel laureate Muhammad Yunus has been accused of stashing some $100 million originally for microcredit operations of his Grameen Bank to his another venture in 1996, breaching agreements with donors and violating the country's financial rules.
Yunus appeared in Food Court of Dhaka City Corporation over allegations that a sister concern of his Grameen Bank marketed contaminated yoghurt in market, officials said.
The Nobel laureate filed an application before the High Court.
The groups plan to take on well-entrenched players like Amazon, Flipkart, and Paytm by merging their offline businesses with e-commerce initiatives.
The company has started a pilot project on micro-finance in partnership with Grameen Bank of Bangladesh.
Land attachment and auction is being undertaken by banks that are controlled by the RBI, Gehlot said, urging the Centre to waive farmers' loans.
All 'grameen dak sevaks' in rural post offices will be given handheld devices by March 2017.
A total of 22,27,506 farmers have obtained loan of about Rs 10,736 crore from cooperative banks in the state.
It will carry out most banking operations like accepting deposits but can't advance loans or issue credit cards.
Two young entrepreneurs discuss their winning idea and how they plan to scale their business with Ritu Jha.
World Economic Forum's Global Shapers Annual Survey 2015 is one of the most geographically diverse surveys of millennials.
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.
Chintan, an Indian NGO has been chosen for America's first Innovation Award for the Empowerment of Women and Girls.
US Secretary of State Hillary Clinton ruffled a couple of sensitive feathers while on her otherwise successful South Asian tour.
Neha Juneja and Ankit Mathur run Greenway Grameen Infra. They've recently designed Greenway Smart Stove, a single burner stove designed as a low cost replacement for traditional mud chulhas, which pose grave health and environmental hazards. Through their company, they are aiming to provide similar such innovative and holistic solutions for rural consumers in India. Juneja and Mathur tell us just why they ditched the idea of thick pay packages to follow their dreams.
Yunus, however, rejected reports that a committee was constituted for the negotiation.
Grameen Bank managing director Muhammad Yunus has asserted that India is well positioned to tap the huge potential for growth of social business within its existing legal and regulatory framework.
Nobel peace laureate Muhammad Yunus today filed an appeal against the Bangladesh High Court verdict upholding his dismissal from the Grameen Bank, in a final bid to retain his position as head of the pioneering micro-finance agency he founded nearly three decades ago.
Yunus will teach India Inc why and how social business is not charity but business wherein a surplus is passed on to the target group of beneficiaries in the form of lower prices, better service and greater access
The Plan allocation for the power sector has been doubled from Rs 2,230 crore in 2009-10 to Rs 5,130 crore in 2010-11. The allocation does not include allocations for Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY). This was announced by the Finance Minister, Pranab Mukherjee in his Budget speech in Parliament on Friday.
Nobel Laureate Muhammad Yunus, whose experiment of poor men's banking in Bangladesh helped establish micro-credit movement across the developing world, will address the Indian Parliament in December this year.
Designing smart finance products for the underprivileged, could yield rich career dividends
Repromulgation is a perennial malaise; and judges must clarify -- indeed, revisit -- the rules that govern this practice, argues Shubhankar Dam.
The study showed that 50 per cent of households have reduced the number of meals ever since the lockdown was imposed
Envirofit International, an US-based non-profit organisation, has introduced a range of clean-burning and biomass-based cooking stoves , which are reaching homes in rural Karnataka, Tamil Nadu and Kerala.
Nobel Peace Prize laureate and economist Muhammad Yunus has urged the World Bank to reform its policies, saying the development lender has failed to achieve its main goal of eradicating poverty because of its failure to modernise anti-poverty lending programmes.
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