Mudra Bank will be a Rs 20,000-crore institution, which would "primarily be responsible for refinancing all micro-finance institutions.
The top two in the government and in the Bharatiya Janata Party, Prime Minister Narendra Modi and party President Amit Shah, respectively, spent the day trying to hard sell not just the contentious land Bill but also how the Modi government stood for the welfare of farmers.
Prime Minister Narendra Modi on Thursday reviewed the impact of Covid-19 on the Indian economy and a possible second stimulus to boost sectors hit hard by the pandemic. Modi held discussions with Finance Minister Nirmala Sitharaman as the pandemic hit sectors from small industries to the aviation sector hard with millions of jobs at stake.
The Bharat Interface For Money app was launched on the iOS platform earlier this month. It is also available on the more popular Android platform. There have been over 17 million downloads of the BHIM app so far.
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Banking as we know it will stand on its head in the next 10 years.
Surjewala alleged that Mehta and his family were allowed to leave India even when there were complaints pending against him with the CBI.
Report card of the Narendra Modi-led central government for the first six months, on the basis of ratings by top CEOs, under key parameters.
Banks shall not charge fees for transactions settled on IMPS and UPI in excess of rates charged for NEFT for transactions above Rs 1,000, the order said.
The Bharatiya Janata Party's hot saffronite swami is yoga teacher Ramdev.
The BJP's manifesto speaks about the Prime Minister's vision of making 'Atmanirbhar Bihar'.
The new Insurance Bill will boost investment in the sector
'Deep pockets have become a prerequisite for contesting elections on a major party symbol in most states.' 'Given the premium parties place on self-financing candidates, once you have accounted for the suspected criminals, dynasts, industrialists, and celebrities, there is not much room for anyone else.'
Stepping up his offensive against the Congress, he asked the party to "repent" for what it has not done in the last 60 years.
Never have I been so thankful for my decision to quit my life in Mumbai and shift to Santiniketan as I have been in these times of the coronavirus.
FIXES BY THE GOVERNMENT: Energy price fixed, tax issues linger.
Economic growth in the last two years has stayed above seven per cent.
India's cities must switch over to piped gas leaving LPG cylinders.
Finance secretary Ajay Bhushan Pandey on Sunday hinted that the government was working on another stimulus package but he refrained from giving a timeframe.
Finance Minister Nirmala Sitharama on Thursday stated the government is planning to provide a relief package of Rs 1.7 lakh crore to the underprivileged, poor and migrant workers affected by the lockdown amid the coronavirus outbreak. The scheme has been named the Pradhan Mantri Garib Kalyan Scheme.
Accusing the erstwhile Congress governments of pursuing "vote bank politics", PM Modi reached out to the numerically significant Nishad community in Uttar Pradesh
The BJP president demanded that Rahul apologise for his stand on the JNU issue, saying support to anti-national forces in the name of the Left's progressive ideology is not acceptable.
At its peak five years ago, it was a lifeline for 5.5 crore, or one in every three rural homes
Indian govt must find solution to ever increasing LPG subsidy. Govt must cap LPG subsidy.
Days after the PM announced a financial inclusion package, a look at how banks and insurance firms are going about it and what lies ahead.
Modi said there was a need to make transactions 'transparent' in India.
Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
Aadhaar now has legal backing but it still faces challenges of privacy and data sharing
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
Ministers in the Narendra Modi government have been busy making presentations on their 100 days of work. But what these presentations do not mention is that decisions by ministers have been few, with plenty of papers and files moving to the Prime Minister's Office, which is increasingly emerging as a centralised clearance point, even for routine and ordinary issues. Though policy paralysis was a term used freely for the United Progressive Alliance regime, questions are now being raised about pending decisions across ministries and whether at least some ministers have turned redundant.
The government has only taken a pause and more measures will be announced in the days to come to help sectors hit by the coronavirus outbreak and also to make India 'Atmanirbhar Bharat', Minister of State for Finance Anurag Thakur said. Since the outbreak of the pandemic, the government has taken several steps to mitigate the hardships of the people due to lockdown and support growth, Thakur told PTI in an interview.
'The Covid situation is like demonetisation.' 'People were upset with the government initially, but eventually they voted for the BJP again.'
Public sector banks are inefficient, poorly governed and beset by largescale corruption.
Even if Mudra steps in to play its main role of refinancing at some stage, the responsibility for the bad loans remains with the banks.
Prime Minister Narendra Modi on Sunday hosted a high tea for all National Democratic Alliance members of Parliament -- the first such event after the Bharatiya Janata Party-led alliance stormed to power in May -- and utilised the occasion to ask them to be a symbol of positive political entity.
Within two weeks of the speech, the prime minister flagged off the Pradhan Mantri Jan Dhan Yojana, and the day was marked by announcing its outcome on the very first day of its implementation.
It was widely expected that this time around, the government would be less likely to initiate fresh reforms and rather loosen its belt a little to give various segments of the economy, especially the multitudes that truly constitute India, something to smile about, says Sudip Bandyopadhyay.
While GST and insolvency laws are among the major achievements of the Modi government, the list of failures include demonetisation, toxic banks, manufacturing hiccups and most prominently bizarre job creation figures. Mihir S Sharma takes a look at the four years of Modi government.
Mihir S Sharma outlines why this year's Union Budget does not respond to the needs of India's economy, or attempt to frame the economy's future.
Modi needs to get his act straight and get it straight soon. Five years down the line, Modi may continue to have support from his ardent supporters, but for the masses he would lose the plot on his sudden inability to tell a good story. After all in the end, all that matters is a good story. Even if the man is remarkable and the story simple, it is always a good story that leaves a lasting impression.
Modi's name sparks muted enthusiasm, scepticism among youth; people expect better development pace from the prime minister
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