Jan Dhan Yojna

Minimum balance for metro and urban stands at Rs 3,000 while semi-urban and rural centres continues to be at Rs 2,000 and Rs 1,000, respectively

3 years of Modi: Banking sector reforms announced; results awaited

In an attempt to help banks, especially public sector banks (PSBs) recognise the ashes of high level of non-performing assets (NPAs) and rise like a phoenix, in December 2015, the Reserve Bank of India under the leadership of former Governor Raghuram Rajan, asked banks to set aside a pool of funds in the form of provisioning towards sub-standard assets. This further dented the banks’ balance sheets.

Govt pores over legal sanctity of mandatory-Aadhaar services

The Centre is examining whether or not mandatory usage of Aadhaar violates a 2015 Supreme Court order.

Power sector unfazed by currency ban: Power Grid

IS JHA, CMD of Power Grid told CNBC-TV18 that the company has already planned funding for its Rs 23,000 capex target.

Govt has intensified process to retrieve black money: Gehlot

"The process to bring black money has been intensified. It has come to light that the list (of black money holders) is quite big. We are committed to bring back the black money and check corruption," the Social Justice and Empowerment minister said while addressing a press conference here.

Here's how we can make financial inclusion viable

Jan Dhan Yojna is here to stay but the heart of the matter is 42 percent of the accounts are dormant or have zero balance. So, how do you make these accounts active and make financial inclusion viable, that is the talking point. To discuss this we have Arun Tiwari, CMD, Union Bank of India.

India has launched "game-changing" reforms: Jayant Sinha

He listed the Make in India, Skills India and Mudra schemes to highlight efforts by the government to improve manufacturing and give a boost to small entrepreneurs across the country.

Will do in 50 months what Cong could not do in 50 yrs: Modi

The Prime Minister, on his first trip to his Lok Sabha constituency in over eight months, claimed poverty alleviation measures have lacked a proper direction and they are spoken about during election time as a "tradition".

PM Modi wants concrete outcome on UNSC reforms

Modi, while telling Lykketoft that he was looking forward to participating in the Summit on September 25, emphasised that the 70th Session of UNGA was a crucial moment for the United Nations.

Nobody is being denied benefits minus Aadhaar: DK Mittal

Discussing implications of the SC move by making Aadhaar “not mandatory” to avail of services, DK Mittal, Mission Director, DBT Scheme, and Former Financial Services Secretary, said certain pilots are being initiated to link food subsidy to DBT.

Farmers' unions march to Parliament against land ordinance

Raising slogans like "Scrap land acquisition ordinance, ensure land rights" and "bhoo adhigrahan nahi, bhoo adhikar chahiye" (we want land rights, not land acquisition), members of several unions of farmers and agricultural workers marched from Kerala House at Jantar Mantar to Parliament Street.

Budget 2015 India: Govt may pursue spending to push economic growth - AB Money

Aditya Birla Money has come out with its budget expectations report. "The government is likely to pursue spending to push economic growth, it is unlikely to spend lavishly, as it would want to stick to its Fiscal Deficit targets", says the report.

Financial Inclusion: A mighty challenge to overcome

As financial inclusion takes centre stage with the agenda of inclusive growth, sustainable development and poverty eradication, India seeks to build on the momentum to achieve its quest of providing access to affordable financial services.

Gyan Sangam: Here's what RBI Dy Gov SS Mundra has to say

Bankers will make presentations tomorrow with their agenda for reforms. Financial inclusion has been one of the big talking points at the Gyan Sangam.

'Rural India participating in growth story via bank a/c'

According to Power Minister Piyush Goyal, among the accounts opened so far, almost 70 percent do not have balance but have been opened to connect rural India directly to the government .

Introduce 'Jan Bima Yojna' for insurance: IRDA to Govt

The Narendra Modi-led government launched the 'Jan Dhan Yojana' in August this year with an aim to deepen the banking penetration, and the banks have so far responded by opening over 6 crore basic accounts of the targeted 7.5 crore

PM unveils Jan Dhan Yojana; opens 1 cr bank accounts

The scheme intends to accomplish the objective of ensuring a bank account for each household.