It will carry out most banking operations like accepting deposits but can't advance loans or issue credit cards.
With equity and commodity exchanges allowed to enter each other's areas from October, brokerages are pump-priming their businesses to allow their clients seamless trading in commodities and equities.
The awarding of in-principle licences for 10 small finance banks is likely to be a game changer in a way which may not be adequately realised right now.
Experts at coding, Web development, and digital marketing, will be on every organisation's hiring list, points out Narayan Mahadevan.
Fintech players are customising solutions for rural markets and helping SMEs learn how to use the services
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.
N Sundaresha Subramanian digs deeper into what Catalyst, an Indo-US project, brings to the payments ecosystem.
She is changing India one village at a time.
More people will be literate, on the Internet, linked to the national identification scheme and likely to receive electricity, especially from alternative-energy sources.
Prime Minister Narendra Modi's three-day visit to Britain has seen India and the UK agreeing on Rs 90,000 crore deals.
India has reached a significant milestone on Friday (November 28) by achieving Rs 100 lakh crore or 100 trillion market cap.
Experts believe that the government needs more innovative ways to secure the cyber space in the country and a cess is more like a punishment which would not help in the long run.
In an otherwise agriculture- and public health-focused Union Budget 2018-19, artificial intelligence, machine learning, blockchain technology, internet of things -- jargons that found little or no mention in the previous Budgets -- managed to make their presence felt.
In-depth understanding of various concepts and programming languages is what employers are looking for, says Sarvesh Agrawal.
'If Facebook were a country, it would be the third most populous one and the most connected.'
Community will now avail of exclusive schemes run by the ministry of minority affairs.
Hopefully, the grey world of central banking in a nation hit by demonetisation, will lighten up with some of his notes soon.
'Let me talk about young Indian startups with their hearts in the right place and how they are proving that innovations that represent 'affordable excellence' -- breaking the myth that 'affordability' and 'excellence' cannot go together -- is indeed possible!' says Dr R A Mashelkar, the eminent scientist, in this fascinating feature.
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
Vat Vrikshya -- banyan tree in Sanskrit -- helps tribal women, with absolutely zero formal education, set up businesses.
Education remains one of the key focuses of the new government.
The Genie will contain lots of gamified apps.
Finance Minister P Chidambaram, while addressing the Carnegie Endowment for International Peace on "Recapturing India's Growth Momentum" in Washington on Thursday, said that the leading think tank need not launch an initiative to explore how India will vote in 2014, declaring that the Indian polity will vote the Congress back into power.
We are certainly for digitisation. I do not have opinion about demonetisation. I still don't, says Bill Gates.
All credit to the finance minister for walking the fiscal and expectation tightrope extremely well in his budget speech, says Ganesh Natarajan.
Only 2.3% of the Indian workforce has undergone formal skill training, as compared to 68% in UK and 52% in the US
Andhra Pradesh now comes third in ease of doing business.
Every day when Akhilesh returns after a joust with political adversaries to his Camelot, which is Lucknow's 5, Kalidas Marg, it is time to hold court with advisors and loyalists.
Shriya Rangarajan has come a long way from the comforts of the western world.
Sudha Murty worries that India has still not learnt its lessons from history.
The New Year, like 2014, will see brisk hiring. But, specialisation and strong domain skills will decide who gets hired.
The former McKinsey India head is presently on board of many big Indian conglomerates.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
In an online chat with readers, Prof Ujjwal Chowdhary from Edutainment offered tips on pursuing a career in media, design and communication.
An analysis of the National Housing Bank's Residex shows from 2007 to now, almost all tier-II cities have seen their residential property prices appreciate by 45-120 per cent.
