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.
The ethereal Hema Malini turns 75 on October 16, and gives us yet another reason to celebrate her.
Tiger 3 will aim for the Rs 60 crore milestone on Monday.
The Finance Minister said government's target was not villages only but cover every household of every village under the PMJDY.
Bring out the dandiya sticks and dance a storm, it's Navratri time. Nine days of colours, joy and revelry, starting October 15.
The assessment of PMJDY should be done within the context of the programme.
A look at the hits and misses of the week.
'Modi must see how we live, what we have to do to educate our children.'
Sukanya Verma quizzes you to find out just how much you know about the movies.
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.
State-backed Life Insurance Corporation of India (LIC) recorded strong growth in the value of new business (VNB) margin in the third quarter of financial year 2023-24 (Q3FY24) while major listed private life insurers reported a weak performance. VNB refers to the profit that an insurer is likely to garner from new business, which comes from policies sold in a particular period. VNB margin is the profit margin of the insurer.
The 11th season of the dance reality show Jhalak Dikhhla Jaa is all set to air from November 11 on Sony Entertainment Television.
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.
A look at the hits and misses of the week.
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.
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.
The first stage of the inclusion strategy was focussed on opening bank accounts, logically seen as creating the last-mile channels for financial access.
Introducing the 128th Constitution Amendment Bill, which was approved by a two-thirds majority in the Lok Sabha on Wednesday, Meghwal recounted the measures initiated by the Narendra Modi government for the empowerment of women over the last nine years.
Assuming we still have a Modi-led majority government after May 2024, there is no guarantee that reforms will move at anything more than a snail's pace, though we must be thankful even for that, notes R Jagannathan.
Sukanya Verma quizzes you to find out just how much you know about the movies.
Prabha Atre, the woman who could have been lawyer, scientist or doctor but became a globally renowned Hindustani classical vocalist instead, died in her Pune home on Saturday hours before she was to leave for a concert in Mumbai. She was 92.
Around 10 crore bank accounts opened under the Jan Dhan scheme.
Treat yourself to two of Chef Satish Arora's signature five-star dishes.
The data show close to 72.5 million accounts have been opened till November 10 with an average 500,000 opened every day.
A number of exhibitions at the Bharat Mandapam, the convention centre which will host key G20 summit meetings, will showcase India's technological prowess and innovation, and offer a multitude of unique experiences to the visitors.
The government scheme has a long way to go before its ultimate goals of universal financial inclusion and financial literacy are achieved.
False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.
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).
Prime Minister Narendra Modi will deliver on Tuesday his 10th consecutive Independence Day address which will also be his last before the 2024 Lok Sabha elections, as a mood of anticipation builds around the annual showpiece event that he has used to present his government's report card, unveil flagship schemes and lay down his vision for the country.
Anupam Kher hosted a special screening of his new film Uunchai, also starring Amitabh Bachchan, Boman Irani, Danny Denzongpa, Parineeti Chopra, Neena Gupta and Sarika.
In a ceremony on Monday on the occasion of Parakram Diwas, Prime Minister Narendra Modi named the 21 largest unnamed islands of Andaman and Nicobar after Param Vir Chakra awardees.
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.
Mobile internet services were also restored after remaining suspended for days.
Keen to capitalise on the growing geopolitical support from African nations after the recently concluded G20 Summit, India is working with the African Union to hold the fourth India-Africa Forum Summit later this year in Kenya's Nairobi, sources said. Prime Minister Narendra Modi is expected to attend the mega meet along with as many as 50 African leaders, they added. First held in New Delhi in 2008, the India-Africa Forum Summit marked India's initial diplomatic efforts to seek a comprehensive partnership with the African bloc of nations as a whole, at a time when China had begun its own outreach.
With Tiger 3, Salman Khan has scored yet another movie in the Rs 100 Crore Club (Rs 1 billion).
Sukanya Verma quizzes you to find out just how much you know about the movies.
Debit card payments remained sluggish due to the surge in digital transactions after the pandemic, and the Unified Payments Interface (UPI) has emerged as the most popular mode of money transfer, particularly for small value transactions, according to RBI data. In July 2020, the total debit card spends stood at Rs 2.81 trillion, as compared to Rs 3.15 trillion in July 2023, reflecting a growth of 11.96 per cent. UPI spends have seen a whopping growth of 428 per cent, zooming from Rs 2.90 trillion to Rs 15.33 trillion during the same period, the data revealed.
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