Under the proposed mechanism, the finance ministry has said banks will notify customers when someone tries to deposit money in their accounts, a government official said.
The key components of the Ayushman Bharat Digital Mission include a health ID for every citizen that will also work as their health account, to which personal health records can be linked and viewed with the help of a mobile application, a Healthcare Professionals Registry (HPR) and Healthcare Facilities Registries (HFR) that will act as a repository of all healthcare providers across both modern and traditional systems of medicine.
Addressing a G20 Summit session, Modi also presented his '5-I' vision to maximise digital technology for social benefit.
55 million people already in the social security net
Faulting previous governments for not taking adequate measures to economically empower women in the country, Prime Minister Narendra Modi on Thursday said his government was constantly creating an environment in which women self-help groups can connect villages with prosperity as he released Rs 1,625 crore as capitalisation support fund to over four lakh such groups. In a virtual interaction with the women self-help groups (SHGs) under the "Aatmanirbhar Narishakti se Samvad" (dialogue with self-reliant women) initiative, Modi said in a changing India, opportunities are increasing for women to move forward. The movement of woman SHGs has intensified in the last 6-7 years with over 70 lakh of them working across the country, a figure over three times more than earlier, he said, adding over eight crore women are connected with these groups.
Prime Minister Narendra Modi asserted on Wednesday that his government's action against corruption has made some people angry but he will not turn back in this fight against graft and nepotism, however big an alliance his rivals form against him.
The idea of the payment banks is to provide access to banking for people, especially in rural areas.
Vijay Mallya, who faces prosecution in India, is reportedly in London.
Unlike the first two stimulus packages, this time the focus would be on boosting demand.
Prime Minister Narendra Modi is addressing the nation for the seventh time from the ramparts of the Red Fort on Independence Day on Saturday and it will be his second speech of the second term in office.
Eight out of about 40 schemes are with the nomenclature starting Pradhan Mantri, but except Gramin Sadak and Rozgar Yojana, most others go barely acknowledged.
Here's what could be ahead for India: A $10-trillion economy by 2030-32, a Sensex at 1,00,000 by 2025, monthly GST revenues at Rs 2 trillion by 2024-25, 100 new unicorns by 2025, and poverty below 5 per cent by 2030, predicts R Jagannathan.
Public sector banks have lost nearly Rs 2.85 lakh crore on account of loan dues of 13 corporates even as the banks are used to bail out ailing financial institutions such as Yes Bank and IL&FS, United Forum of Bank Unions alleged on Monday. In a press release, UFBU's convener B Rambabu said the organisation calls for a two-day all India bank strike on December 16 and 17 protesting against Banking Laws (Amendment) Bill 2021 and opposing the Centre's alleged move to privatise PSBs. According to the statistics given by the UFBU, the 13 corporates' outstanding dues were at Rs 486,800 crore and it was resolved at Rs 161,820 crore resulting in a loss of Rs 284,980 crore.
'In the long run, I don't foresee major ramifications [about Trudeau's allegations].' 'There's just enough hypocrisy among Western nations for India to douse the outrage.'
USAID looks forward to working with each to make financial inclusion a long-lasting and sustainable reality in India.
Right now there are about 30 lakh (3 million) subscribers under the Swavalamban scheme.
He also said that infrastructure development in the country in the last eight years has been done with a human touch.
Financial inclusion has been on the top of the govt's top agenda.
Govt sets up task force to monitor circulation of fake currency; suspicious Jan Dhan accounts under scanner.
Gandhi said the budgetary cuts were weakening the legal guarantee of timely payment and employment. She noted that the Supreme Court had likened the delay in MGNREGA payments with forced labour.
The states will be asked to tap the Centre's JAM trinity.
There is no dearth of political will today to act against corruption and officers should take action against the corrupt, however powerful, without any hesitation, Prime Minister Narendra Modi said on Monday.
In an over an hour-and-a-half speech, Prime Minister Narendra Modi outlined his 15-month-old government's performance and his vision for the nation in the years to come.
Trai chairman Rajiv Khullar says, India has to pull up its stocks in order to achieve financial inclusion.
The Union Budget on Wednesday outlined several initiatives to drive India's technology agenda and boost digital infrastructure, including new centres of excellence for artificial intelligence, National Data Governance Policy, and Entity DigiLocker.
Finance Minister Nirmala Sitharman on Friday met her counterparts in Singapore and Canada and discussed various issues, including economy, health and opportunities for collaboration. Sitharaman met UK Chancellor of the Exchequer Rishi Sunak, Singapore Finance Minister Lawrence Wong and Canada's Deputy Prime Minister & Finance Minister Chrystia Freeland on the sidelines of the G-20 Joint Finance and Health Ministers' meeting. "Finance Minister Smt. @nsitharaman had an engaging discussion with @cafreeland Dy. Prime Minister & Finance Minister of Canada on the sidelines of #G20 Finance & Health Ministers Meeting in #Rome. The Ministers discussed various issues, including economic and health cooperation," a Finance Ministry tweet said.
The ministry of finance on Tuesday clarified that public sector banks (PSBs) have intimated they are not going to raise bank charges in the near future in view of the COVID-19 pandemic. The ministry's statement comes after several media reports citing steep increase in service charges by certain PSBs surfaced. No service charge is applicable on the 60.04 crore Basic Savings Bank Deposit (BSBD) accounts, including 41.13 crore Jan Dhan accounts opened by the poor segments of the society, as per the statement.
RBI director S Gurumurthy the package of more than Rs 20 lakh crore announced by the central government can be described as an interim measure.
It can be an useful tool in achieving the objective of Pradhan Mantri's Jan Dhan Yojana
Rediff.com takes a look at the progress of schemes initiated by the government.
Prime Minister Narendra Modi on Sunday said India is a natural ally for the G7 countries in defending the shared values from a host of threats stemming from authoritarianism, terrorism and violent extremism, disinformation and economic coercion.
A book revolving around Prime Minister Narendra Modi's work and political and governance model with various chapters written by domain experts, his Cabinet colleagues and leading faces in different walks of life, is set to hit the bookstores next month.
Indian government expects LIC to have better business this year.
Sources said the pandemic and the response of the government is likely to be discussed in the virtual meet.
Noting that Goddess Durga was worshipped as a symbol of 'Shakti' (strength), Modi said his government was consistently working for the empowerment of women.
South leads; North-East at bottom but moves ahead, finds out the IndiaSpend Team
Both prime ministers believed in crafting schemes to help the common man. Modi used quite effectively the instruments Dr Singh introduced. In assessing Modi's success with many schemes, Dr Singh's fundamental work should not be ignored, points out A K Bhattacharya.
RuPay is working on how to increase offers to customers. It is also focused on technology innovation in the card payment system.
The meeting will review annual financial performance of public sector banks, credit offtake in the economy, priority sector lending and progress made under various social sector schemes, including Atal Pension Yojana (APY) and Pradhan Mantri Jan Dhan Yojana.
Modi said there was a need to make transactions 'transparent' in India.
