The Jan Dhan scheme restricts the scope of life insurance cover to bring down burden on the exchequer.
Citing various macroeconomic parameters that are doing pretty well, India's G20 Sherpa and former CEO of Niti Aayog Amitabh Kant projected that the country is all set to overtake Japan as 4th largest economy in the world by 2025. The size of India's GDP is currently ranked 5th, after the US, China, Germany, and Japan. It overtook the UK in 2022.
The former RBI Governor also emphasised on the need to boost economic productivity and attract investments.
Prime Minister Narendra Modi on Thursday launched his government's mega scheme ' Pradhan Mantri Jan Dhan Yojana', declaring that it was aimed at eradicating financial untouchability by providing bank accounts to the poor.
Based on the credit history banks may later decide to extend the amount.
Sukanya Verma quizzes you to find out just how much you know about the movies.
The Finance Minister said government's target was not villages only but cover every household of every village under the PMJDY.
A look at the hits and misses of the week.
The assessment of PMJDY should be done within the context of the programme.
Rahul Gandhi's retort to PM Modi came after the latter attacked him at an election rally saying why he has "stopped" naming Adani and Ambani in his attacks and whether he has received money from them in return.
The self-styled godman, who is called Baba Narayan Hari and Saakar Vishwa Hari Bhole Baba, is not named in the list of the accused in the FIR filed in the incident though his name is in the complaint.
Fifteen years after quitting the Sikkim Democratic Front in 2009, he decimated Chamling's party, scripting history by winning 31 of 32 assembly seats in the Himalayan state in 2024.
Sukanya Verma quizzes you to find out just how much you know about the movies.
Diwali is here and Salman Khan is bringing his Tiger 3 in theatres. Though he has been an Eid superstar for more than a decade now
In addition to the problem of long queues at automated teller machines, there would be the problem of guiding new cardholders, especially in rural and semi-urban areas, on how to use those cards, some bankers told Business Standard.
He was known for his art work in films like Hum Dil De Chuke Sanam, Jodhaa Akbar and Prem Ratan Dhan Payo.
Department of Financial Services is regularly emphasising the early issuance of RuPay Debit Cards, e-KYC based account opening, Aadhaar seeding, financial literacy and the progress in survey made.
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
Bollywood superstar Salman Khan requested his fans not to burn firecrackers in theatres during Tiger 3 screenings.
Salman has as many as six films which have scored a century in the first three days itself, a feat that no other superstar has achieved so far.
A look at the hits and misses of the week.
The first stage of the inclusion strategy was focussed on opening bank accounts, logically seen as creating the last-mile channels for financial access.
In an email to bank officers and staff, he hailed their contribution in "successfully" rolling out the scheme but added a word of caution against slackening.
Clash of the two richest titans, a celebrity and a 'royal', is on the cards in Himachal Pradesh's Mandi Lok Sabha constituency, known for electing erstwhile 'royals' maximum number of times.
In mid-March this year, the finance ministry asked state-run banks to review their gold loan portfolio for the two-year period between January 1, 2022, and January 31, 2024. This business had grown at a fast clip. Reserve Bank of India (RBI) data has it that it grew 15 per cent to Rs 1 trillion in FY24. Now, in recent times, any kind of exuberance in financial services has seen the authorities swoop down - be it pushing the lines on governance or unsecured credit.
After a few heavy-duty parts, the 42 year old is ready to let his hair down and burn the dance floor once again in his upcoming rom-com, Teri Baaton Mein Aisa Uljha Jiya, co-starring Kriti Sanon.
The bahujan hitai, bahujan sukhai motto was used in the press note issued by the BSP informing about the party chief Mayawati's election meetings in Nagpur (Maharashtra) on Thursday.
The ethereal Hema Malini turns 75 on October 16, and gives us yet another reason to celebrate her.
Sukanya Verma quizzes you to find out just how much you know about the movies.
Tiger 3 will aim for the Rs 60 crore milestone on Monday.
Bring out the dandiya sticks and dance a storm, it's Navratri time. Nine days of colours, joy and revelry, starting October 15.
Around 10 crore bank accounts opened under the Jan Dhan scheme.
The data show close to 72.5 million accounts have been opened till November 10 with an average 500,000 opened every day.
'On October 12-13, he started shivering from fear in his tent.' 'That was the time he wrote a letter to my mother to conduct Ganeshji's Atharvashirsha.' 'The moment he finished writing that letter, he told us, he felt serene calmness.'
The government scheme has a long way to go before its ultimate goals of universal financial inclusion and financial literacy are achieved.
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
The finance ministry on Friday said 5.52 crore (55.2 million) bank accounts have been opened till October 7 and deposit of Rs 4,268 crore (Rs 42.68 billion) have been mobilised under Pradhan Mantri Jan Dhan Yojana (PMJDY).
Led by the country's largest lender State Bank of India, banks have opened over 3 crore basic accounts within a fortnight of the launch of the scheme on August 28.
The 11th season of the dance reality show Jhalak Dikhhla Jaa is all set to air from November 11 on Sony Entertainment Television.
