About 45 per cent of those who are part of the workforce, or about 207 million, are estimated to be engaged in agriculture and many of them will be outside the income-tax net and hence may not need a PAN. So, what does allotting PAN to 369 million individuals actually mean, wonders A K Bhattacharya.
The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation.
The government must be the initial driver.
Dealers with turnover of Rs 2 crore and above covered; industry says threshold too low
An Aadhaar card can fast-track the KYC procedure for some instruments.
'At a time when the economic situation in the country warrants the closest attention of the government, India can ill afford a situation where the citizenry and the government enter into confrontation on the roads'
Vishal Sikka who was made vice-chairman till his successor was appointed, also quit the board with immediate effect.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
The people of India have 50 days, from November 10 to December 30, to deposit notes of Rs 500 and Rs 1,000 in any Bank or Post Office.
Each postman has undergone a three-tier training process, after which they were evaluated by the National Institute of Banking and Finance and given certificates.
Here's the full text of Prime Minister Narendra Modi's address to the nation where he announced the demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight on November 8-9.
The Jan-Dhan accounts are zero balance accounts, comes with a life cover of Rs 30,000 per person, and an accidental cover of Rs 100,000. An active user of the account can also get overdraft facility of Rs 5,000 from banks.
Each 'adarsh village' should have piped drinking water, connectivity to the main road, electricity supply to all households, library, telecom and broadband connectivity including CCTVs in public areas. Emphasis will also be on e-governance, says Sheela Bhatt/Rediff.com.
NPCI has launched several consumer friendly systems including one that allows users to transfer money to people over mobile phones across India.
There were concerns that simply opening a bank account wouldn't constitute meaningful financial inclusion, as the poor would rarely use these accounts. However, recent data submitted to Parliament attests to increased account usage, says Ishan Bakshi.
It's best to avoid deals that sound too good to be true.
New Delhi bureaucrats, accustomed to leisurely lunches, golf in the afternoon and long weekends, have been shaken out of their somnolence, say authors. Fear and suspicion hang heavy over the red-sands.
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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.
Many people struggle to claim or liquidate investments and insurance policies due to procedural issues.
Private sector banks are way behind their PSU peers when it comes to opening financial inclusion accounts under the Prime Minister's Jan Dhan Yojana
Limit your investment in cryptocurrencies and make sure you have current holdings in your own custody until regulatory cloud blows over, experts tell Sanjay Kumar Singh.
Can welfare schemes truly transform from being flagship to flag-bearers for a government that is looking to get a second term in 2019?
Modi said there was a need to make transactions 'transparent' in India.
Key questions remain about the operational and financial viability of a completely paperless bank such as India Post, says Mayank Jain.
We are certainly for digitisation. I do not have opinion about demonetisation. I still don't, says Bill Gates.
According to a PMO statement, Narendra Modi told banks this would be a source of immense satisfaction for them, and that he himself would recognise the achievements of the best performing branches.
The meeting was convened by the Congress. Six major parties -- the DMK, the SP, the BSP, the TMC, the AAP and the Shiv Sena -- choose to stay away. The BJP took a swipe at the absence of major opposition parties at the meet and also said that their anti-CAA resolution must've made Pak happy.
Recently, the government announced yet another ambitious scheme aimed at providing health insurance to 50 crore individuals.
The Modi government has handled inflation far better than any government in the past two decades. Both the stock market and currency indices have begun to show confidence in the economy, despite the mounting global headwinds of trade.
Other private banks also planning to employ bots soon
Like millions of people across the world, the year 2020 had dealt me irreplaceable losses and the lowest of blows. Like I have always done at such junctures, I had sought the refuge of the mountains. I wanted to end the year on a high, to show the finger to life, says Sumit Bhattacharya after a memorable journey to North Sikkim.
Absence of comprehensive data protection and privacy laws will be barriers in the government's digitalisation drive.
Ayan Pramanik reports on former Infosys CFO V Balakrishnan's fintech firm, which aims to make borrowing easy for small firms and individuals.
The main event, which is being held at Capitol Complex, is likely to be attended by around 30,000 people out of the total 1,20,000 who have registered themselves.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
'We referred the case to the attorney general.' 'I told Mukul Rohatgi, "mujhe aap ka honest opinion chahiye".' 'He too said those were different offers.' Trai could not have stopped Reliance even if the Jio offers had been the same, Trai chief Ram Sewak Sharma tells Subhomoy Bhattacharjee.
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'India is doing better than when we took office 17 months ago'.
There it lay, a photograph on the desk under a stapler, and later a stamp pad, forgotten, done with, like its subject, a Mumbai Metro One employee who vanished overnight.
'These protests are not just about the CAA. It is against allowing fascism and religious discrimination to creep into our legal system.'
