Digital payment push: FinMin to organise Mudra camps from Varanasi

In a bid to accelerate self-employment opportunities, the finance ministry has decided to organise Mudra Promotion Camps across the country beginning September 27 from the Prime Minister’s constituency Varanasi. As part of the special drive, 50 camps, including one each in state capitals, will be organised between September 27 and October 17, official sources said.… Continue reading Digital payment push: FinMin to organise Mudra camps from Varanasi

Govt to initiate PSBs’ consolidation process after Q1 results

The finance ministry is expected to initiate the process of consolidation of public sector banks (PSBs) once the first quarter results of the current fiscal have been announced, a senior official has said. There are various things including financial performance which have to be looked at before a merger decision is taken, said the official… Continue reading Govt to initiate PSBs’ consolidation process after Q1 results

Irdai to work with govt to create simple platform for KYC

Insurance Regulatory and Development Authority of India (Irdai) on Monday said though Aadhar is not a mandatory requirement for Know Your Customer (KYC) in the insurance sector, it is the most simple form of KYC document. “Aadhar is not mandatory for the (insurance) sector but is the most simple one. On the government level they… Continue reading Irdai to work with govt to create simple platform for KYC

Bad loans: RBI to take up more cases, says Jaitley

The process of resolution of bad loans will start shortly, Finance Minister Arun Jaitley said on Thursday in the Lok Sabha as it passed a bill which gives RBI the power to direct banking companies to resolve the problem of stressed assets. Replying to a debate on the Banking Regulation (Amendment) Bill, 2017, Jaitley said… Continue reading Bad loans: RBI to take up more cases, says Jaitley

Leave Sikkim Dokalam area with dignity or be kicked out: Chinese media

The Chinese official media on Wednesday stepped up its attack on India with editorials asking Indian troops to move out of Dokalam area in Sikkim sector “with dignity or be kicked out” and describing the situation as “worryingly tense”. While China’s nationalistic tabloid Global Times said India should be taught a “bitter lesson”, another official… Continue reading Leave Sikkim Dokalam area with dignity or be kicked out: Chinese media

India to contribute 27% of new global mobile subscribers by 2020: Report

India and China will account for almost half of all new mobile subscribers expected to be added globally by the end of 2020, a new study has found. According to the 2017 edition of ‘Mobile Economy: Asia Pacific’ report published recently at the ‘Mobile World Congress Shanghai’, forecasts that India will account for 27 per… Continue reading India to contribute 27% of new global mobile subscribers by 2020: Report

SC gives Maharashtra two weeks to clear Haji Ali’s illegal encroachments

The Supreme Court on Monday granted the last opportunity to the Maharashtra government to remove illegal encroachments on 908 square metre area on the approach road and near the historic Haji Ali Dargah Shrine in south Mumbai. A bench comprising Chief Justice J S Khehar and Justice D Y Chandrachud granted two weeks to the… Continue reading SC gives Maharashtra two weeks to clear Haji Ali’s illegal encroachments