The finance minister also termed Kanhaiya Kumar's speech, delivered following his release on bail, a "victory for us", saying he had gone to jail for raising anti-India slogans but came back to speak amid slogans of 'Jai Hind' and hoisting of the tricolour.
NPCI has launched several consumer friendly systems including one that allows users to transfer money to people over mobile phones across India.
The bank will have around 501 branches.
It seems like the Twitter-selfie craze compels the PM to put on a mega show every few months
He said digitisation was aimed at bringing in accountability and added that more cash would bring with it social evils.
PM has asked the Reserve Bank to prepare a 20-year road map for financial inclusion
Modi govt says its economic score on all coutns is very good.
Amendments to RBI Act likely soon
The Modi government's array of economic policy has been impressive.
As households age, they pile up debt, a peculiarity unique to Indians, a Financial Stability and Development Council report has found. Here are the key takeaways.
While most economies contracted in the second quarter of 2020, the Chinese economy grew by 3.2 per cent.
ICICI Bank has 317 branches in hitherto unbanked villages.
AG Mukul Rohatgi led the Indian delegation at the UN Human Rights Council.
The PM said Japan and the Indian diaspora has a big role to play in India's growth story.
80% of beneficiaries in 300 districts to be linked with direct benefits transfer
Banks now ride on what is defined as a "banking outlet". This is a fixed-point service unit, manned by either the bank's staff or its business correspondent (BC), where all kinds of services - acceptance of deposits, encashment of cheques, cash withdrawal or lending of money - are provided for a minimum of four hours per day, for at least five days a week. Banks are now turning to reposition the manner in which they acquire customers, report Abhijit Lele and Raghu Mohan.
Pulbic banks have no reason to cheer Budget announcement.
80-85 per cent of about 700 major infrastructure projects within the Centre's domain have been delayed.
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.
Your promise to protect bankers for their commercial decisions is a huge confidence booster, but how does one define a commercial decision? Are our investigative agencies well equipped to dissect lending decisions of bankers?
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.
Customers taking small and convenient steps and some degree of care and precaution while paying digitally will ensure safety and security from new threats that emerge every day, says Avinash Luthria
Brokers also want tax rebates, removal of additional tax on dividends, streamlining of GST...
Since 2014, many of Mohan Bhagwat's speeches have acted as cues for government policy.
Prime Minister Narendra Modi on Tuesday met business leaders to hear their grievances on issues ranging from high capital cost to ease of doing business to certainty on taxation matters, as he interacted for the first time with the Indian industry chambers since taking charge over a year ago.
Payments banks are niche banks which will be allowed to function with several restrictions.
The Prime Minister stressed on achieving financial inclusion.
The currency with the public is 10.3 per cent higher than it was in the week preceding November 8, 2016 - from Rs17.97 trillion to Rs18.76 trillion.
Pradhan Mantri Jan Dhan Yojana and Make in India -- are not covered here.
One of the big takeaways from the recently released data on India's merchandise trade is that gold imports have, once again, skyrocketed.
The government is doubling down on existing 'temporary' restrictions on the import of gold. Some were introduced under the last administration, and had a transitory effect, reducing gold imports through the official channel.
In the last couple of months, the Prime Minister has visited Japan and the US and launched the Make in India campaign to lure foreign investments into manufacturing sector.
The Governor, who completes one year in RBI on Wednesday, has stabilised the rupee and is getting a fix on inflation.
Sitharaman cancels Myanmar trip at last moment citing launch of Modi's Jan Dhan Yojana.
Steps taken by the government over the past few months signal a determined effort to reform the subsidy regime.
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The first phase would comprise universal access to banking facilities. Under this, basic bank accounts with zero balance, RuPay debit card and financial literacy, will have to be completed in the next one year, officials said.
Only national service can save the nation, and not politics: Modi
'The BJP gets most of its contributions in cash.' 'Now they may show that donations are made in small amounts, less that Rs 20,000, but everyone knows this is just absurd.'
A bench comprising Chief Justice T S Thakur and Justice D Y Chandrachud said, "We will examine both aspects (inconvenience and constitutional validity) of the matter. Come on Friday at 2 pm".
Stating that pushing GDP growth, which has slipped to 5-year low of 6.8 per cent in 2018-19, is the top priority, President Ramnath Kovind said Modi govt will bring more reforms and raise farm investments to boost growth.
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