Why is the government unwilling to disclose the winners of its DigiDhan Yojana?
Each member will separately sign the agreement & it will become effective only after the last member signs the pact.
On display were PM Modi's pet projects like the 'Make in India' scheme and 'Jan Dhan Yojana'.
All eyes will be on what the prime minister says as his August 15 addresses have often been marked by big announcements, his government's achievements and bringing to people's attention what he believes to be the major challenges facing the country.
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 finance minister's meeting with chief executives and managing directors of banks ahead of the Union Budget assumes significance in view of the critical role the banking sector plays in boosting consumer demand across sectors.
Prime Minister Modi has said it is their small units that drive the Indian economy.
According to BJP strategists, PMJAY and the PM Ujjwala Yojana will form the nucleus of the Modi government's re-election campaign.
Modi had campaigned with promises of jobs, infrastructure and development.
Last year, FDI cap in insurance was hiked to 49%
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 party released its manifesto -- Samajwadi Vachan Patra -- for the coming assembly elections, shortly after the BJP released its own.
According to a nation-wide survey on financial behaviour, India has the highest account dormancy rate even more than countries like Kenya, Tanzania, Uganda, Nigeria, India, Pakistan and Bangladesh.
Whether it was the MGNREGS or the NFSA or the Aadhaar-based DBT scheme for cash transfer, the Modi government has built on the basic architecture created by the Singh government. Policy makers in the Modi government, instead of discarding them as products of the previous political regime, worked on them, expanded their scope and reach, and used new tools to improve their performance, explains A K Bhattacharya.
If Mr Modi has to win, he must convince the people of this country how his reforms improved the quality of their lives.
The president said women safety is a very serious issue and a lot of work has been done on this but much remains to be done.
Syed Firdaus Ashraf/Rediff.com lists 11 Modi flagship schemes that may have been gamechangers in the Lok Sabha election.
The PM said a woman's power today underlined inner fortitude and self-confidence, which made her self-reliant.
The President noted that this is an opportune moment for the country to play a decisive role in the fourth industrial revolution.
EPFO has verified or attested 64.67 lakh Aadhaar numbers.
'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.'
'Give cash assistance of Rs 75 per person per day and an android phone and you will see the economy reviving.'
RuPay is working on how to increase offers to customers. It is also focused on technology innovation in the card payment system.
AIBOC in a letter to the Prime Minister, has said the government should not expect the banking fraternity to "join the political campaign of #MainBhiChowkidar" unless issues related to merger of banks, salary revision and staff recruitment, among others, are addressed.
The PM spoke about financial inclusion.
According to a PMO statement, Narendra Modi told banks this would be a source of immense satisfaction for them, and that he himself would recognise the achievements of the best performing branches.
Bureaucrats heading disinvestment and financial services usually don't get appointed as finance secretary.
179 million debit cards were issued during December 2016 to June 2018. A mere 2,000 ATMs were opened in the same period.
More than 127 million new bank accounts have been opened.
Foxconn, which is Apple's largest manufactures, has decided to set up a manufacturing base in India
Vijay Mallya, who faces prosecution in India, is reportedly in London.
On Sunday, August 9, over 400 California-based community leaders from various organisations and inter-faith groups gathered under the Indo-American Community of West Coast USA banner, some of whom were the first to sign up for the event.
A CNN-IBN-Axis MyIndia poll about the Modi Government's first year in power assessed the government's performance from a layperson's perspective.
Economist Arvind Panagariya is the vice-chairman of NITI Aayog, while economist Bibek Debroy and scientist V K Saraswat are the two full-time members of the Aayog.
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
From Singapore to Almora, Abhishant Pant has survived without cash, and he wants to continue in that state all his life.
Four recent instances help us understand why Prime Minister Narendra Modi could truly be called the chief human resources officer (CHRO) of the country.
New schemes allows consumers without Aadhaar to receive cash directly in their bank accounts
Public sector banks have lost nearly Rs 2.85 lakh crore on account of loan dues of 13 corporates even as the banks are used to bail out ailing financial institutions such as Yes Bank and IL&FS, United Forum of Bank Unions alleged on Monday. In a press release, UFBU's convener B Rambabu said the organisation calls for a two-day all India bank strike on December 16 and 17 protesting against Banking Laws (Amendment) Bill 2021 and opposing the Centre's alleged move to privatise PSBs. According to the statistics given by the UFBU, the 13 corporates' outstanding dues were at Rs 486,800 crore and it was resolved at Rs 161,820 crore resulting in a loss of Rs 284,980 crore.
