Mudra Bank will be a Rs 20,000-crore institution, which would "primarily be responsible for refinancing all micro-finance institutions.
Entrepreneurs to get support from the government
Even if Mudra steps in to play its main role of refinancing at some stage, the responsibility for the bad loans remains with the banks.
MUDRA Bank will have a corpus of Rs 20,000 crore.
IIM-B, professor R Vaidyanathan talks to Shobha Warrier about black money, Mudra Bank and Jaitley's Budget.
For the first time in our economic history a government has thought about more than 50 per cent of our economic activity instead of the five per cent represented by the Sensex companies, observes IIM-B professor R Vaidyanathan.
Bringing in the untapped informal sector into the formal one will benefit business.
Mudra Bank being launched on April 8.
Industry experts estimate that demand for loans from the sector outstrips supply by more than $80 billion.
Farmers have suffered a lot on account of natural calamities.
Alipay payment service is about bringing the world's consumers and businesses together.
55 million people already in the social security net
Since 2014, many of Mohan Bhagwat's speeches have acted as cues for government policy.
Unless Dr Urjit Patel starts clearing the balance sheets of banks, the investment cycle will not start. Unless the clog in the drain is cleared, further lending cannot happen. If further lending doesn't happen, the investment cycle also will not happen, writes M R Venkatesh.
Multiple organisations of different kinds with overlapping goals would be a dream situation for those who believe in competition and innovation.
Finance minister Arun Jaitley has few feathers in his cap for taking serious eff
Pulbic banks have no reason to cheer Budget announcement.
Rural populations will get will get employment in the industrial corridors following amendments to the land acquisition bill.
On the International Women's Day, Prime Minister Narendra Modi on Sunday denounced crimes against women, saying "our heads hang in shame", and announced that the government is setting up 'One-Stop-Centres' besides a helpline for those facing violence, abuse or harassment.
In the second and concluding part of his interview, Gurumurthy outlines the two areas he believes the government should focus on.
The Congress has made lack of jobs, along with agrarian distress, its key election plank in the run-up to the December 7 assembly polls.
The party is using the two year occasion to launch its election campaign in the state, which was key to them reaching simple majority in the Lok Sabha in 2014.
There are about 5.7 crore small entrepreneurs.
Prime Minister Narendra Modi hit out at the Congress for "misusing" Parliament to stop the country's growth and hailed Samajwadi Party chief Mulayam Singh Yadav for "understanding this conspiracy" and working to end the logjam in the House.
Indian economy is expected to expand at 8.5-9 per cent over 10-15 year time frame once the structural issues hampering growth are addressed by the government.
Prime Minister Narendra Modi on Sunday said he proposes to put in place 'Ek Bharat, Shresht Bharat' scheme aimed at strengthening the country's unity and harmony.
Prime Minister Narendra Modi asserted that the BJP has emerged as the "third force" in Kerala that will replace the two fronts in the next year's assembly elections.
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
MUDRA bank will help microfinancing firms to lend more.
Prime Minister Modi has said it is their small units that drive the Indian economy.
2,470 BJP workers from across the country would spend a year visiting polling booths, while another 1,441 workers would spend six months and 378,000 workers will spend 15 days to reach out to party cadres and ensure better polling management in areas outside their home districts.
Banks are likely to cut rates even further, say finance minister Arun Jaitley.
'Raghuram Rajan is a wonderful economist, but he is not a wonderful Indian economist.' 'He doesn't understand India in the granular form.' 'India exists only from Delhi to Nariman Point for him.' 'India is much, much bigger and complex.' 'The new RBI governor shouldn't get ready to open his umbrella when it rains in America'
With Dadri-like incidents triggering outrage, Rashtriya Swayamsevak Sangh chief Mohan Bhagwat on Thursday said "small episodes" cannot damage "Hindu culture" and praised the Modi government for ushering in hope and confidence in the country and enhancing India's standing abroad.
'Challenges will come but we will stay the course. No big step can be taken if one is afraid of criticism. We will not flinch from criticism,' says Railways Minister Piyush Goyal.
Bandhan Bank to fund SMEs, create jobs, says FM
Mr Modi must now work to win over the governor as a friend and learn to influence people credibly.
Following is the Facebook post of Finance Minister Arun Jaitley on one-year of the BJP-led NDA government.
BJP chief Amit Shah said that the government has brought the country out of policy paralysis.
Since 2000-01, the Indian economy has shown the tendency of being unable to absorb all domestic savings as investments.
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