At a pre-Budget meeting, the FM was asked to ensure that NBFCs come out of the liquidity crisis they are facing with the help of RBI. They also spoke about the futility of trying to achieve a 3 per cent fiscal deficit target over the medium term.
The idea of the payment banks is to provide access to banking for people, especially in rural areas.
'If 99.99 per cent of these micro borrowers are good at repaying their loans, why can't we look at the SMEs and MSMEs and replicate the same model for them with our stringent risk management system,' Chandra Shekhar Ghosh, chairman and managing director of India's newest private sector bank, tells Prasanna D Zore/Rediff.com.
On the Digital India initiative, Pichai said India was undergoing its own revolution
It took a lockdown for us in India to even recognise that the plight of migrants needs to be addressed. They were faceless and unrecognised. They were unappreciated and even hounded. They were poorly paid and exploited, notes Ramesh Menon.
The institute's incubation cell claims the start up mortality rate in the incubators are lowest.
'While they were respectful of the PM, it was clear that as ministers, they owed their positions as much, if not more, to Mrs Gandhi.' 'When attacks were mounted on the PM, there was very little coordinated effort by the Congress, UPA ministers or other politicians to speak up in his favour and strongly defend him.' B K Chaturvedi, Cabinet Secretary during the early years of UPA1, reveals how the Manmohan Singh-Sonia Gandhi equation worked. A riveting excerpt from Chaturvedi's memoir, Challenges Of Governance: An Insider's View
The taxpayers and honest borrowers suffer when a big entity defaults.
Bandhan financial Services will raise funds via internal accruals.
Why do hundreds, and in some cases, thousands, turn up for a single vacancy at the lowest rungs of government jobs? The answer is simple: It offers a stable, assured income, which overcomes all other objections, says Shreekant Sambrani.
These smart cities should have the capacity to absorb, adapt and provide opportunities for both the poor rural migrants as well as the educated professionals, say Sujit K Pruseth & Sachi Satapathy.
The panel is expected to meet next month in Chandigarh.
'The genetic thing is not in your control. The virulence is not known.' 'The only thing is if you can avoid it.' 'Once you get COVID-19, none of it is in your control.'
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 IIM-B's 'Karnataka innovation report' has become the basis for the Congress party's election narrative, particularly to distinguish it from the 'Gujarat model of development', reports Archis Mohan.
Disgruntled executives are already pinning hopes on the new banks, too.
This is the lowest investment grade rating.
In an online chat, Anil Nagar, Director, Bank Power Institute, Delhi addressed questions on how to prepare for the IBPS Bank PO exam.
The first part of the study conducted by the Indian Council of Medical Research (ICMR) revealed that 0.73 per cent of the population surveyed showed evidence of past exposure to SARS-CoV-2, and that urban slum population was the most vulnerable to the infection, ICMR Director General Balram Bhargava said at a press conference.
The bank will have around 501 branches.
The move is aimed at reflecting the diversity of India and highlighting the contribution of prominent personalities.
Magsaysay Award winner Sonam Wangchuk speaks to Claude Arpi about his journey, his fights, his hopes and how he became an inspiration for the Bollywood blockbuster.
There is anti-incumbency in urban areas. Rural Punjab, the Akali base, will hold the key.
Gimmicks such as appointing high-profile brand ambassadors like Sachin Tendulkar will not work.
IFFCO is reaching out to the young Indian urban professional.
Indian market probably has more headroom than the US, says Geoff Lewis, senior strategist for Asia, Manulife Asset Management.
'Competence, experience, matter, did you say?' 'No music was sweeter than the mash of xenophobia, jingoism, racism, misogyny.' 'And the master busker to play the tune was round the corner to capture an eager audience just in the nick of time.' Shreekant Sambrani on the Trump Triumph a week after his upset victory.
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
The company did not respond to specific queries on the project's expansion.
In an order, Union Home Secretary Ajay Bhalla said buses shall be used for transport of such groups of stranded people and these vehicles will be sanitised and will have to follow safe social distancing norms in seating.
'The new ceiling will cover around 93 per cent of all deposit accounts, up from 90 per cent earlier,' notes Tamal Bandyopadhyay.
Investors continue to make losses on investments.
He becomes 2nd Indian to win this award; N R Narayana Murthy won it in 2003.
Park only savings that need not be touched for many years, says Devangshu Datta.
Women's share of work in these industries is over 50 per cent, yet they are paid much less than their male counterparts.
The work of Norman Borlaug, who helped save billions from starvation, is worth recalling, especially as opposition to gene-modified crops mount, says Shreekant Sambrani.
Every evening when the lights glow in the huts of Gangapur village, the villagers thank two young men - Ajay Kumar and Somil Daga.
There are about 5.7 crore small entrepreneurs.
A new book may help companies in getting corporate social responsibility right, notes Ajit Balakrishnan.
Indians are election junkies, and that includes all of us -- political parties, aspirants for seats, pollsters, pundits parsing straws in the wind, says Shreekant Sambrani
