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New Delhi [India], September 26 (ANI): Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is well-positioned to withstand global economic shifts. "Amidst global uncertainty, India's resilience is remarkable. With strong macroeconomic fundamentals, a young demographic profile, and increased reliance on domestic demand, India is well-positioned to withstand global shocks and maintain a high-growth trajectory," the Finance Minister said. She stressed that i ...Read More >
New Delhi, Jul 5: India has emerged as one of the most income-equal countries in the world, ranking fourth globally with a Gini Index score of 25.5, according to the latest World Bank data as reported by TOI. This places India ahead of major economies including China (35.7), the United States (41.8), and all G7 and G20 nations. Only the Slovak Republic, Slovenia, and Belarus rank higher in income equality. The Gini Index measures income distribution on a scale from 0 (perfect equality) to 100 ( ...Read More >
New Delhi, Jul 5 (PTI) Inequality in India has come down significantly between 2011-12 and 2022-23, making it the fourth-most equal country globally, according to a World Bank report. This is in addition to a sharp decrease in extreme poverty, which has dropped from 16.2 per cent in 2011-12 to 2.3 per cent in 2022-23, an official release said quoting World Bank data. Also Read | 'We Negotiate From Position of Strength, Not Under Deadlines': Union Minister Piyush Goyal on India-US Trade Deal Af ...Read More >
New Delhi, Jul 5 (PTI) Inequality in India has come down significantly between 2011-12 and 2022-23, making it the fourth-most equal country globally, according to a World Bank report. This is in addition to a sharp decrease in extreme poverty, which has dropped from 16.2 per cent in 2011-12 to 2.3 per cent in 2022-23, an official release said quoting World Bank data. The government attributed the reduction in inequality to various initiatives and schemes pursued during the last decade. The on ...Read More >
BHUBANESWAR: Chief Minister Mohan Charan Majhi on Tuesday asked three private sector banks to improve their lending in priority sectors and key welfare schemes of the government. The chief minister met representatives from Axis, ICICI and HDFC banks at the Lok Seva Bhawan here and expressed disappointment with their persistent poor performance in implementing various welfare schemes in the state. He emphasised that banks play a crucial role in the government's poverty alleviation programmes and ...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 >
Bhubaneswar, Jul 1 (PTI) Odisha Chief Minister Mohan Charan Majhi on Tuesday asked major private banks to extend more credit to poor people of the state under various welfare schemes. Majhi said this while meeting representatives of ICICI, Axis and HDFC Banks and suggested that they should provide more loans to the poor in various welfare schemes, an official statement issued by the CMO said. Also Read | Was Cockroach Really Found in Srisailam Temple Laddu? Andhra Pradesh Government Fact-Check ...Read More >
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi Tuesday asked major private banks to extend more credit to poor people of the state under various welfare schemes. Majhi said this while meeting representatives of ICICI, Axis and HDFC Banks and suggested that they should provide more loans to the poor in various welfare schemes, an official statement issued by the CMO said. The chief minister issued such a suggestion after it was noticed that the performance of these banks in various welfa ...Read More >
Bhubaneswar, Jul 1 (PTI) Odisha Chief Minister Mohan Charan Majhi on Tuesday asked major private banks to extend more credit to poor people of the state under various welfare schemes. Majhi said this while meeting representatives of ICICI, Axis and HDFC Banks and suggested that they should provide more loans to the poor in various welfare schemes, an official statement issued by the CMO said. The chief minister issued such a suggestion after it was noticed that the performance of these banks i ...Read More >
New Delhi [India], June 8 (ANI): BJP MP Gulam Ali Khatana, who was part of the all-party parliamentary delegation to Europe, said that during their recently conclued visit they successfully communicated India's development story and its resolute stand against terrorism, particularly emanating from Pakistan. Highlighting the delegation's key discussions during the tour, Khatana told ANI, 'We discussed how we dismantled the terrorism factory in Pakistan by responding... We also talked about touri ...Read More >
New Delhi, June 8: As the BJP-led NDA government marks 11 years in power, it is celebrating "New momentum for Nari Shakti- 11 years of Shashkt Nari" -- a decade-long journey of empowering women through targeted reforms and ambitious missions. The Central government, in a press release, has hailed its efforts as a transformation of Indian women from "passive recipients to active agents of change, central to India's growth story." Nari Shakti, now recognised as a national mission, aims to empower ...Read More >
New Delhi [India], December 12 (ANI): The gross NPA ratio of public sector banks declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and a peak of 14.58 per cent in March 2018, the government stated on Thursday, reaffirming the robustness of the banking system. The government emphasised its proactive support for the banking ecosystem, addressing both business needs and employee welfare to ensure stability, transparency, and growth. Also Read | Places of Worship Act Val ...Read More >
New Delhi [India], December 12 (ANI): The gross NPA ratio of public sector banks declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and a peak of 14.58 per cent in March 2018, the government stated on Thursday, reaffirming the robustness of the banking system. The government emphasised its proactive support for the banking ecosystem, addressing both business needs and employee welfare to ensure stability, transparency, and growth. Over the past decade, the government ...Read More >
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