Prime Minister also underlined the need for increasing the number of tax payers to 10 crore.
Modi said officers must fix clear targets to improve the country's tax administration by 2022, the 75th anniversary of Independence.
Prime Minister Narendra Modi will hold discussions with public sector banks (PSBs) and financial institutions to draw up an action plan for banking reforms
This issue was discussed at the Gyan Sangam addressed by Prime Minister.
Usha Ananthasubramanian said the bank will leave no stone unturned to recover unpaid loans.
Rajan said that while there were talks about Jan Dhan, it was difficult to target transfers to people through this tool. Jan Dhan, he said, does not really work as advertised.
The Central Board of Direct Taxes has urged the Income-Tax department to ensure enhanced accountability and probity in public dealings and see to it that honest and tax compliant people are treated with "dignity and courtesy".
Many bankers say the move will have a serious impact on the chain of command of nationalised banks and that it would only enable the government to dish out favours to a few of their own men.
The change may give "secure creditors" the first right to auction an asset in order to recover the dues.
What was the RBI doing, what was the PNB top management doing, what were the auditors doing, asks Debashis Basu.
It also receives large investments from the Europe.
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At the retreat, PSBs had suggested the government cut its stake in these entities to less than 51 per cent over a period of time and empower the boards of individual banks.
It will be headed by Secretary, Department of Financial Services.
'For every person there is a different way that you show respect for your country...my mother-in-law will say karmayogi is the way to go - do your work.'
In the policy banks, the government can have 100 per cent stake, McKinsey said.
As we mark the 34th death anniversary of Shankar -- of the legendary Shankar-Jaikishan duo -- Subhash K Jha selects five evergreen songs from their greatest hits.
Apart from Modi, Jaggi Vasudev to address 2-day tax officers' conference
Instructions were issued on holding loan camps in the last week of September.
Today, banks are being asked to discover niche strengths and focus on them
The RSS realises that with a majority BJP government at the Centre and in several states, now was the best time to undermine and perhaps outdo the Congress-Left 'stranglehold' over campuses and young minds.
Human memory about policy issues is short. That alone can explain why many are deliriously happy with his latest slogans and ignore seven years of poor 'doing business' climate, taxtortion, extortionate oil prices, and high dependence on babus and the big State that has kept the enterprise system stifled, observes Debashis Basu.
Asian shares ended higher after a string of positive US economic data.
While the CEO of a public sector bank earns an average of Rs 18 lakh per annum, his counterpart in the private sector earns an average of Rs 3.5 crore.
The meeting will be attended by all heads and EDs of public sector banks
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
Taking exception to Health Minister Harsh Vardhan not mentioning the death of healthcare workers due to Covid-19 in his statement in Parliament, the Indian Medical Association has published a list of 382 doctors who died due to the viral disease and demanded that they be treated as "martyrs".
'Two have already sacrificed their lives.' 'How many more shall need to sacrifice before the government listens?' 'Four, five or six? They are ready, waiting.' After Ganga campaigner G D Agrawal's death, a Haridwar ashram's sadhus are on a relay fast unto death.
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