Budget forces last minute change in finance minister's plans.
The regulators have proposed changes in the norms for inclusion of mutual funds in the scheme.
The BRICS also called upon all nations to adopt a comprehensive approach in combating terrorism including countering radicalisation and blocking terror financing sources.
IIM-B, professor R Vaidyanathan talks to Shobha Warrier about black money, Mudra Bank and Jaitley's Budget.
A social stock exchange, broadly, is understood to be a platform that allows investors to buy shares, bonds or units in a social enterprise that has been vetted by the exchange. These allow firms operating in sectors such as health, environment and transportation to raise risk capital.
Modi called for a new global index based on talent, technology, transparency and trusteeship towards the planet in the post-corona world.
SBI was the top gainer in the Sensex pack, rallying over 10 per cent, followed by Kotak Bank, Dr Reddy's, UltraTech Cement, ITC and HDFC Bank. On the other hand, Axis Bank, Bharti Airtel, ICICI Bank, Maruti and HCL Tech were among the laggards.
The former RBI Governor also emphasised on the need to boost economic productivity and attract investments.
The finance ministry has proposed that services should be included in the widely tracked wholesale price-based inflation index to reflect true picture of price changes in the economy.
The Council adopted the resolution proposed by France, the United Kingdom and the United States with 13 Council members voting in favour and Russia and China abstaining.
When it comes to key hands-on management positions, India Inc is still largely run by men.
'If some measures are implemented quickly, they can help revive growth.'
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
The government also proposed promoting 'one product one district' for better marketing and export of horticulture crops. It also called on states for early implementation of three key central model laws on land leasing, agriculture produce and livestock marketing and contract farming.
India will benefit hugely if the representation of women in Parliament is increased to a just level.
The progress of the GST Bill in Parliament is also likely to remain in focus
This law will further promote inclusive economic growth targeting a larger population and enabling deeper insurance penetration.
Prime Minister Narendra Modi announced the financial inclusion scheme in his first Independence Day speech last year.
Among other things, the agenda is likely to focus on increasing private investment, employment generation and giving relief to the farm sector
Wants all services included in tax, with a negative list.
A RBI constituted panel on financial inclusion headed by Nachiket Mor had recommended the setting up of the payments banks in order to deepen access to finance.
'We have to make doing business in India easier.'
India said a new mechanism will be set up for issues relating to trade and investment.
... if high oil prices persist or stock prices correct sharply.
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.
It can be an useful tool in achieving the objective of Pradhan Mantri's Jan Dhan Yojana
RRBs were formed under an Act to provide credit to small farmers, agricultural labourers and businesses in rural areas.
This was even as the country's economy grew by 7.3%.
Bandhan Financial Services, which was given a banking licence on Wednesday, hopes to come up with a unique business model, with a mix of doorstep and retail banking.
The warships will be armed with BrahMos supersonic cruise missiles which can reach targets 295 km away.
Sushma in her address at the Shanghai Cooperation Organisation Council of Foreign Ministers meeting said that terrorism is an enemy of basic human rights.
Economists expect Modi to announce big-bang reforms.
According to a calculation by the government, India's airlines currently have 633 aircraft of which they may operate only 200.
In 2012, Akula quit as chairman of Bharat Financial Inclusion (formerly SKS Microfinance), which he'd founded and led to a successful initial public offering
A senior RBI official said the regulator was focusing on performance of banks' statewise and in each district.
Tax experts say one of the most dispute-prone proposals is making "fraudulent availing" of input tax credit (ITC), without an invoice or bill, a cognizable and non-bailable offence.
The size of the Indian financial services market could touch around $340 billion in the next few years.
SBI chief Rajnish Kumar said the focus going forward will be on cost reduction, rationalisation and reskilling of workforce, improving staff productivity and redeployment of workforce from admin offices to sales roles.
PM promised a tax regime that is predictable and competitive
Rajan is an acknowledged academic, author and intellectual. He spoke on issues which are in the public domain, said Chidambaram
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