Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
Cap on bank withdrawals to be reviewed after Dec 30, says finance secy.
It is widely believed that Nandan Nilekani's meeting with Prime Minister Narendra Modi saved the ambitious Aadhaar project from oblivion or a takeover by the home ministry.
The bank will have around 501 branches.
Utkarsh Mishra imagines what is it that Baba Gandhi would say if he got the chance.
Chain Kuli Ki Main Kuli Ki, Fugly, Shamitabh, Jajantaram Mamantaram, Ki and Ka the list goes on...
'Life will not improve overnight; it will happen in a gradual manner.'
Modi said there was a time when families would celebrate getting gas connections as if they have got home a Mercedes.
It's a curious mix of TV actresses, Pakistani hotties and Bollywood A-listers!
'Rahul is only making a pathetic public spectacle of his lack of judgment and good sense by hallucinating that somehow, the Congress, or whatever political combine is cobbled together, will displace the BJP at the coming Lok Sabha election by constantly harping on the Rafale deal,' argues retired civil servant B S Raghavan.
With a staff crunch, it seems the I-T department would now target only the big fish rather than go after small assessees.
A look at the top tweets from your favourite Bollywood celebrities.
It seems like the Twitter-selfie craze compels the PM to put on a mega show every few months
The former finance minister was in Mumbai to address Congress party's poll rallies.
Chief ministers of states like Andhra Pradesh, Kerala and Karnataka were among those who raised the issue of loan waver scheme for farmers.
From a ruling party's perspective, the BJP is in a sweet spot; editorial independence and analytical coverage of governance is rapidly declining
The government must not enter into what will be a little more than a large-scale transfer of taxpayers' money to the operators of private hospitals.
So far, 758 million Aadhaar numbers have been generated.
This festive season, sport the perfect make-up for a gorgeous you!
As US businessmen and investors await Prime Minister Narendra Modi's US visit, the investor community and the industry leaders said the success of 'Mangalyaan' goes on to prove India's growth story based on 'frugal innovations'.
Ahead of his government's first full year budget, Prime Minister Narendra Modi on Friday sought ideas from economists to attract investments, create jobs and finance infrastructure to put India back on high growth path.
Breath-taking manoeuvres by air force jets, a procession of tableaux presenting a glimpse of India's cultural heritage and the progress made by the country and all-women marching contingents of the three services, these are some of the attractions in store for dignitaries and guests at the Republic Day function.
'It is from her that present-day political stalwarts continue to draw lessons on testing the limits of Constitutional democracy, and whose slogans even her party's staunchest opponents imitate even after over 30 years of her death,' says Veenu Sandhu.
As Prime Minister Narendra Modi is set to deliver his third Independence Day speech on August 15, he is inviting ideas from citizens on issues he should speak on
Hitting out at Prime Minister for calling note-ban a 'shuddhi yagna', senior Congress leader Prithviraj Chavan said the move is nothing short of an "uncontrolled forest fire" that has claimed several lives and hit the economy.
The Modi government's array of economic policy has been impressive.
The government has opted for the RuPay debit card over the Aadhaar-based platform for "last-mile" authentication in its Pradhan Mantri Jan Dhan Yojana.
The National Investigation Agency on Thursday told a Mumbai court it has found no evidence to link nine Muslims arrested in the 2006 Malegaon blasts case to the terror attack, a move that could see them walk free.
PM has asked the Reserve Bank to prepare a 20-year road map for financial inclusion
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'India is doing better than when we took office 17 months ago'.
Amendments to RBI Act likely soon
Market hopes govt will hike capital expenditure.
According to BJP strategists, PMJAY and the PM Ujjwala Yojana will form the nucleus of the Modi government's re-election campaign.
'The one thing he wants from me is that I should learn from him and fly away the day I get launched.' 'He has told me that after LoveYatri, whatever film is being offered to you, it's up to you to discuss with me or not.' 'If you feel like discussing it with me, you can.' 'If you don't, go ahead and make your own choices because it is your career.'
'The attack on Kanhaiya was an attempt to silence his voice and send a warning to all those who are supporting him.'
Disney's The Jungle Book has taken the box office by storm.
A look at the top tweets from your favourite Bollywood celebrities.
The leaders said trade ties were still fragile
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.
Bureaucrats heading disinvestment and financial services usually don't get appointed as finance secretary.
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