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New Delhi: After Punjab National Bank, another PSU lender Indian Bank has announced waiver of minimum balance charges across all Savings Bank accounts. "Indian Bank has announced the complete waiver of minimum balance charges across all Savings Bank accounts, effective July 7, 2025. This move is aimed at fostering financial inclusion and making banking more accessible and affordable for all sections of society," the bank said in a statement. This move is set to benefit a vast spectrum of India ...Read More >
Nagpur: Congress Legislature Party leader Vijay Wadettiwar questioned the govt's priorities on Tuesday, highlighting the increasing number of farmer suicides in Maharashtra. He accused the govt of neglecting agrarian crisis while approving Rs20,000 crore for Shaktipeeth highway project."Money is available for massive infrastructure projects, but where is the budget for farm loan waivers as promised by the BJP before last year's assembly polls to the farmers?" Wadettiwar asked while moving an adj ...Read More >
Hyderabad: B. Chandra Sekhar, regional provident fund commissioner-I, Employees' Provident Fund Organisation (EPFO) zonal office Telangana, briefed the media on the Centre's newly approved Employment Linked Incentive (ELI) Scheme, which aims to create over 3.5 crore formal jobs over the next two years. Addressing the media on Tuesday, he described the ELI Scheme as a "direct intervention to shift the workforce into formal employment with long-term security. The initiative offers wage-linked inc ...Read More >
Mumbai (Maharashtra) [India], July 2 (ANI): RBI Deputy Governor M Rajeshwar Rao has called for frequent data updates by Credit Information Companies (CICs), asserting that it will improve loan underwriting precision, among others. Addressing TransUnion CIBIL's Credit Conference in Mumbai on Tuesday, the RBI deputy governor outlined two critical enablers -- data freshness and data quality-- for the betterment of India's credit ecosystem. Currently, credit data is refreshed on a fortnightly basi ...Read More >
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi on Tuesday urged private sector lenders ICICI Bank, HDFC Bank, and Axis Bank to significantly improve their loan disbursement performance under key welfare schemes, days after the state government removed them from its empanelled list of banks. Chairing a meeting with senior officials from the three banks at Lok Seva Bhawan on Monday, the Chief Minister underlined the critical role of timely financial assistance in empowering underprivileged ...Read More >
New Delhi: Maintaining the pace of India's growing economy, the country's gross goods and services tax or GST mop-up in June stood at Rs 1.85 lakh crore, marking a 6.2 per cent increase compared to the same month last year, while India's manufacturing sector activity rose to a 14-month high in June on the back of expansion in output, new orders, and job creation, two separate data showed on Tuesday. However, the finance ministry said that the government's focus on GST, which completes eighth ye ...Read More >
Bhubaneswar: In a move aimed at enhancing financial inclusion, chief minister Mohan Charan Majhi on Tuesday urged representatives from ICICI, HDFC and Axis Banks to increase loan disbursements to economically disadvantaged individuals under various govt welfare schemes. This call to action follows a recent decision by the state govt to remove these banks from the empanelled list for govt departments' deposits due to their poor performance in implementing welfare schemes.During a meeting at Lok S ...Read More >
New Delhi, Jul 1 (PTI) The focus of the Goods and Services Tax (GST), which completes eighth year on Tuesday, will now be on promoting ease of doing business, ensuring stronger compliance and fostering broader economic inclusion, the finance ministry said. The GST, which was implemented from July 1, 2017, has unified 17 taxes and 13 cesses, creating a seamless national market by simplifying compliance and digitising tax systems. It has also expanded the taxpayer base and strengthened cooperativ ...Read More >
NEW DELHI: Prime Minister Narendra Modi on Tuesday said that the country has made several achievements in the digital payments system, led by collective efforts of all citizens. "India has made many strides in digital payments, powered by the collective resolve of 140 crore Indians. Sectors like health and education have also benefited from this initiative," Modi said, on X. The comments come following the completion of a decade of ambitious Digital India initiative, originally launched on Jul ...Read More >
NEW DELHI: Prime Minister Narendra Modi Tuesday said that the country has made several achievements in the digital payments system, led by collective efforts of all citizens. 'India has made many strides in digital payments, powered by the collective resolve of 140 crore Indians. Sectors like health and education have also benefited from this initiative,' Modi said on social media platform X. The comments come following the completion of a decade of the ambitious Digital India initiative, orig ...Read More >
New Delhi [India], July 1 (ANI): India's gold loan market has increased from USD 33 billion in FY19 to USD 83 billion in FY24, growing at a compound annual growth rate (CAGR) of 20 per cent, according to Praxis Global Alliance report. Gold loans have always been a popular way for Indians to borrow money. With a strong cultural link to gold, many families keep gold as part of their savings. Also Read | WWE RAW Results and Highlights Today, June 30: The Judgment Day Win World Tag Team Belts, Set ...Read More >
New Delhi: India's gold loan market has increased from USD 33 billion in FY19 to USD 83 billion in FY24, growing at a compound annual growth rate (CAGR) of 20 per cent, according to Praxis Global Alliance report. Gold loans have always been a popular way for Indians to borrow money. With a strong cultural link to gold, many families keep gold as part of their savings. Borrowing against gold is quick and easy, making it a preferred option for people from all income groups. The market includes b ...Read More >
Bengaluru : Kinara Capital, a leading fintech driving MSME financial inclusion, today released its fourth edition of MSME Insights, signaling strong optimism and increased formalization in the MSME sector. MSME entrepreneurs are confident about their near-term business growth prospects. According to the latest MSME Insights, 81% of the surveyed MSMEs expect their business revenue to increase within the next 1-2 years. Of these, 34% anticipate a revenue growth of more than 15% in their businesses ...Read More >
Gurgaon: MCG additional commissioner Yash Jaluka directed bulk waste generators (BWG) across the city to ensure proper disposal of waste by private agencies who are assisting them. Giving these instructions in a meeting held on Friday, he said it is often observed that BWGs hand over their waste to private agencies, which only sort valuable items and dump the remaining waste on roads, drains, vacant land or public places. This, he said, not only affects cleanliness of the city but also poses a t ...Read More >
Lucknow: To take financial inclusion to the grassroots, the state govt will launch a special campaign from July 1, under which eligible persons at the gram panchayat level will be linked with central schemes like Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana.The three-month drive aims to ensure last-mile delivery of key financial services to eligible citizens. It is being launched under the directive of the de ...Read More >
New Delhi, Jun 27: Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the annual performance review meeting of Public Sector Banks (PSBs) in the national capital today. The high-level meeting focused on financial performance, credit growth, digital innovation, financial inclusion, cyber security, and customer service enhancement. Attended by Union Minister of State for Finance Pankaj Chaudhary, Secretary of Financial Services M. Nagaraju, Managing Directors and CEOs o ...Read More >
New Delhi, June 27 (SocialNews.XYZ) The total business of public sector banks has surged from Rs 203 lakh crore in FY 2022-23 to Rs 251 lakh crore in FY 2024-25 while the net non-performing assets (NPAs) have declined from 1.24 per cent to 0.52 per cent during this period, Finance Minister Nirmala Sitharaman was informed at the annual review meeting with bank chiefs here on Friday. The net profit of public sector banks has also risen from Rs 1.04 lakh crore to Rs 1.78 lakh crore, and dividend p ...Read More >
New Delhi, Jun 27 (PTI) Finance Minister Nirmala Sitharaman on Friday asked public sector banks (PSBs) to deepen corporate lending in productive sectors while ensuring robust underwriting and risk management standards. The finance minister's direction comes weeks after the RBI's six-member monetary policy committee, headed by Governor Sanjay Malhotra, lowered the benchmark repurchase or repo rate by a massive 50 basis points to 5.5 per cent. It also slashed the cash reserve ratio by 100 basis ...Read More >
New Delhi, Jun 27 (PTI) Banks need to ensure that there is no mis-selling of insurance to customer and premium are affordable so as to help increase market penetration for such products, Financial Services Secretary M Nagaraju said on Friday. Insurance, which is a sensitive financial product, should be explained thoroughly to customers before onboarding them, he said at an event to announce strategic partnerships between Central Bank of India and Generali Group of Italy. Often, a particular pr ...Read More >
New Delhi, Jun 27 (PTI) Banks need to ensure that there is no mis-selling of insurance to customer and premium are affordable so as to help increase market penetration for such products, Financial Services Secretary M Nagaraju said on Friday. Insurance, which is a sensitive financial product, should be explained thoroughly to customers before onboarding them, he said at an event to announce strategic partnerships between Central Bank of India and Generali Group of Italy. Also Read | Bodoland L ...Read More >
New Delhi: Union finance minister Nirmala Sitharaman on Friday asked public sector banks (PSBs) should maintain profitability momentum in FY26 and take advantage of Reserve Bank of India's 50-basis points rate cut to increase lending toward productive sectors of the economy, according to the sources. The finance minister's statement came after chairing a meeting with the heads of PSBs to review financial performance of banks. Sitharaman also emphasised that banks should also onboard more custom ...Read More >
Lucknow, June 27 (UNI): Aiming to take financial inclusion to the grassroots, the Uttar Pradesh government is set to launch a special saturation campaign across all gram panchayats in the state. Scheduled to run from July 1 to September 30, the initiative aims to ensure last-mile delivery of key financial services to eligible citizens. Launched under the directives of the Centre's Department of Financial Services, Ministry of Finance, , the campaign will focus on extending the benefits of flags ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were act ...Read More >
Bijnor: In a tragic incident that exposes the growing crisis of rural indebtedness in Uttar Pradesh, a family of four in Bijnor's Noorpur area consumed poison after being overwhelmed by mounting debt and pressure from moneylenders. The mother and elder daughter died on the spot, while the father and younger daughter are battling for their lives at a higher medical centre. The incident took place in Tendra village, where Pukhraj, a marginal farmer, had reportedly taken loans from local moneylend ...Read More >
Prime Minister Narendra Modi highlighted the NDA government's focus on women-led development over the past 11 years, citing advancements in various sectors and the success of welfare programs. Initiatives like Swachh Bharat, Jan Dhan, Ujjwala Yojana, and MUDRA loans have empowered women, while Beti Bachao Beti Padhao has protected the girl child.A day before his government marks its first anniversary in third term, Prime Minister Narendra Modi said on Sunday that the ruling BJP-led National Demo ...Read More >
New Delhi [India], June 8 (ANI): Prime Minister Narendra Modi has highlighted the transformative role played by women in the journey towards a developed India, underlining the government's focus on women-led development over the past 11 years. The Prime Minister said that our mothers, sisters, and daughters have seen times when they had to face difficulties at every step. But today, they are not only participating actively in the resolution of a developed India but are also setting examples in ...Read More >
New Delhi, Jun 8 (PTI) Aam Aadmi Party's Rajya Sabha MP Sanjay Singh and Delhi unit chief Saurabh Bharadwaj on Sunday visited the demolition site of the Madrasi Camp slum cluster, where they met with displaced residents, and intensified their attack on the BJP over the recent eviction drive. They alleged that Prime Minister Modi's promise to slum dwellers of 'jahan jhuggi wahan makan' - house at the site of their hutment - has "proved to be hollow like many others". There was no immediate resp ...Read More >
New Delhi [India], June 8 (ANI): Prime Minister Narendra Modi has highlighted the transformative role played by women in the journey towards a developed India, underlining the government's focus on women-led development over the past 11 years. The Prime Minister said that our mothers, sisters and daughters have seen times when they had to face difficulties at every step, but today they are not only participating actively in the resolution of a developed India, but are also setting examples in e ...Read More >
New Delhi, June 8 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Sunday highlighted that in the last 11 years, women have emerged as key drivers of progress in the country, with the Narendra Modi government launching various schemes to empower Nari Shakti. Highlighting "11 years of Sashakt Nari", the Finance Minister said that under the PM Jan Dhan Yojna, the world's largest financial inclusion scheme, 55.7 per cent of accounts were held by women, which reflected their empowerment at t ...Read More >
NEW DELHI: A day before his government marks its first anniversary in third term, Prime Minister Narendra Modi said on Sunday that the ruling BJP-led National Democratic Alliance has redefined women-led development in its 11 years in power. In all sectors, including science, education, sports, start-ups and the armed forces, women are excelling and inspiring several people, Modi said on X. He cited a number of welfare programmes which, he noted, have benefited women immensely. Various initiat ...Read More >
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