User: anushyab Topic: Urban Economic Growth Development
Category: Banking
1 new since Jan 29 2020 01:29 IST RSS 2.0
 
1 to 20 of 6,557    
Probe Sexual Offence Cases Against Children Within 2 Months: Amit Shah 28.1.2020 NDTV News - India-news
Union Home Minister Amit Shah on Tuesday advocated for the completion of a probe into all cases of a sexual offence against children within two months.
Also found in: [+]
Oversight cadre plan puts RBI staff in turmoil 27.1.2020 Rediff: Business
The deadline for officers to decide on their career path in the biggest organisational rejig in the central bank's 85-year history ends on January 31. The immediate fallout could be its disruptive impact on the supervisory process for 2020 -- and beyond -- given the manpower shortfall, even as more entities are set to come under closer central bank scrutiny.
Also found in: [+]
Coop banks saw 181 fraud cases of Rs 127 cr last year 27.1.2020 Rediff: Business
However, the RBI declined to share details of action being taken on these fraud cases saying "it is not readily available".
Also found in: [+]
Economist Abhijit Banerjee says he probably would not have won the Nobel Prize if he was in India 27.1.2020 Scroll.in - News that matters
Banerjee added that India lacks ‘good opposition’ and parties have not been able to create enough pressure on the government.
Also found in: [+]
Can this week's Budget revive the economy? 27.1.2020 Rediff: Business
'Slowing down of the economy was mainly due to the demonetisation shock...' 'If you cut off the oxygen supply to a patient in the ICU and the patient dies, the patient does not come alive again when you restore the oxygen supply.'
Also found in: [+]
Cash Shortage Persists 26.1.2020 Central Chronicle
The shortage of cash still persists in the country. The jurisdiction of Central Government and the Reserve Bank of India is entire country, when recently some states on Northern and North Western India faced severe cash crisis. Now it appears that at that time the Reserve Bank and Central Government diverted the cash supply from Eastern and North Eastern Indian states to North and Western States. It is no solution. As a result now the Meghalaya, Nagaland, Manipur, Mizoram and Arunachal Pradesh are facing the cash crunch problem. In these days the ATM are dry with “No Cash” card board notice hanging there. The Modi Government with demonetization created financial crisis in the country. It deliberately acted in certain ways to help the holders of the black money. Although it was its election promise to bring back black money. But in a sinister way it generated the black money right inside the country. The Modi Government demonetized the currency notes of Rs.1000 and Rs.500 but instead of replacing it ...
Also found in: [+]
A.T.M. Problem 26.1.2020 Central Chronicle
The Union Finance Ministry has directed the Reserve Bank of India to ensure proper functioning of the ATM banks and there should not be any difficult of cash in it. The RBI should review the situation to set it right. But on the other hand the RBI has said it supply the currency notes according to the demands and there was no slackness on its part. The Union Finance Ministry said as per it information about 15 per cent ATM were not functioning. In big cities the ATM were corrected soon but in small town and rural areas the ATM were not corrected for long time. Explaining the position the RBI clarified as the Government moving swiftly towards the implementation of project of the digital India the public sector banks have reduced the setting up of new ATM by 30 to 40 per cent. The RBI pointed out that before the demonetisations 17.24 lakh crores currency notes were in circulations now it has come up to 18.04 per cent. The ATMs these days have become soft target to robbers. Even in cities the ATM are not ...
Also found in: [+]
Key rates hike 25.1.2020 Central Chronicle
Mumbai, In line with market expectations, the Reserve Bank of India increased its key policy rate, the repo rate by 25 basis points to 6.5 per cent, in its third bi-monthly meeting for the fiscal. This is the second consecutive hike. The policy stance has, however, been retained as neutral.Consequently, the reverse repo rate under the LAF stands adjusted to 6.25 per cent, and the marginal standing facility rate and the Bank Rate to 6.75 per cent, RBI Governor Urjit Patel informed. The decision of MPC is consistent with the neutral stance of monetary policy, in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of four per cent, within a band of +/- 2 per cent, while supporting growth. RBI said various indicators suggest economic activity continued to be strong. "The progress of the monsoon so far and a sharper than the usual increase in MSPs of kharif crops are expected to boost rural demand by raising farmers’ income. Robust corporate earnings, ...
Also found in: [+]
What women in rural Madhya Pradesh want: Jobs with direct access to their wages 23.1.2020 Scroll.in
Financial independence and training holds the answer to keeping women in the workforce.
Also found in: [+]
Tamil Nadu: Panic withdrawals slow down as bank clarifies NPR letter isn’t a must for KYC checks 23.1.2020 Scroll.in
The withdrawal spree took place at a Central Bank of India branch in Kayalpattinam village near Thoothukudi.
Also found in: [+]
How to Fight Slowdown: Demand Revival Is Key 20.1.2020 Rediff: Business
'The current crisis is one of incomes, driven by poor job growth, agrarian distress and poor investment sentiment,' notes Harsh Pati Singhania, director, JK Organisation.
Also found in: [+]
'$5 trn economy by 2024 does not seem possible' 15.1.2020 Rediff: Business
'We are at $2.7 trillion and 2024 is not far away.' 'The country will need to grow by 9% every year for 5 years continuously and raise the aggregate investment rate to 38% of GDP to achieve the government's target of turning India into a $5 trillion economy.' 'Given the fact that we are only growing at about 5% and our investment rates are only about 30%, it may take a number of years before we can reach that targeted level.'
Also found in: [+]
Why high food inflation is good news for the farmer 15.1.2020 Rediff: Business
While rising food inflation is a matter of grave concern for a significant chunk of the population and for policy makers as well, it marks a turnaround in the fortunes of the farmer, reports Sanjeeb Mukherjee.
Also found in: [+]
Retail inflation rose to 7.35% in December – the highest since July 2014 13.1.2020 Scroll.in - News that matters
The figures breached the tolerance band of the Reserve Bank of India’s Monetary Policy Committee
Also found in: [+]
World Bank projects India's growth at 7.5 pc in FY19-20 11.1.2020 Central Chronicle
Agencies, Washington The World Bank has said in its Global Economic Prospects Report for 2019 that the Indian economy will grow at a rate of 7.5 per cent during the 2019-’20 financial year, and beyond. The report released on Tuesday here stated that India is set to retain its ‘fastest growing emerging economy’ title. The World Bank stated, "India is projected to grow at 7.5 per cent in the next three years, supported by robust investment and private consumption." As against a growth rate of 6.6 per cent in 2018, China’s growth rate in 2019 is projected to slowdown to 6.2 per cent, and then subsequently to 6.1 per cent in 2020 and 6 per cent in 2021, the bank said. With this, India will continue to retain the position of being the fastest growing emerging economy. And by 2021, its growth rate is projected to be 1.5 per cent more than China’s 6 per cent. According to the World Bank, growth in India is projected at 7.5 per cent in Fiscal Year 2019-20 (April 1, 2019 to March 31, 2020), unchanged from ...
Also found in: [+]
CSC, NIC play critical role in making "Digital India" 11.1.2020 Central Chronicle
New Delhi, Institutions such as Common Services Centres (CSC) and National Informatics Centres have become a vital cog in the digitisation of the country, Union Electronics and IT Minister Ravi Shankar Prasad said on Monday. Mr Prasad said there are nearly 3.05 lakh Common Service Centres across the country serving 2.6 lakh gram panchayats. NIC is also playing a critical role in bridging the urban rural digital divide, taking Digital India to villages and reaching the unreached. He said the CSC scheme is an integral part of “Digital India” initiative of his Ministry. The CSCs are information and communications technology-enabled front end service delivery points at village level enabling delivery of government, financial, social and private sector services in the areas of agriculture, health, education, entertainment, FMCG products, banking, insurance, pension and utility payments. CSCs are managed and operated by a village-level entrepreneur. Mr Prasad said this on the sidelines of “Swachhta Hi Sewa ...
Also found in: [+]
Key rates hike 11.1.2020 Central Chronicle
Mumbai, In line with market expectations, the Reserve Bank of India increased its key policy rate, the repo rate by 25 basis points to 6.5 per cent, in its third bi-monthly meeting for the fiscal. This is the second consecutive hike. The policy stance has, however, been retained as neutral.Consequently, the reverse repo rate under the LAF stands adjusted to 6.25 per cent, and the marginal standing facility rate and the Bank Rate to 6.75 per cent, RBI Governor Urjit Patel informed. The decision of MPC is consistent with the neutral stance of monetary policy, in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of four per cent, within a band of +/- 2 per cent, while supporting growth. RBI said various indicators suggest economic activity continued to be strong. "The progress of the monsoon so far and a sharper than the usual increase in MSPs of kharif crops are expected to boost rural demand by raising farmers’ income. Robust corporate earnings, ...
Also found in: [+]
Cash Shortage Persists 11.1.2020 Central Chronicle
The shortage of cash still persists in the country. The jurisdiction of Central Government and the Reserve Bank of India is entire country, when recently some states on Northern and North Western India faced severe cash crisis. Now it appears that at that time the Reserve Bank and Central Government diverted the cash supply from Eastern and North Eastern Indian states to North and Western States. It is no solution. As a result now the Meghalaya, Nagaland, Manipur, Mizoram and Arunachal Pradesh are facing the cash crunch problem. In these days the ATM are dry with “No Cash” card board notice hanging there. The Modi Government with demonetization created financial crisis in the country. It deliberately acted in certain ways to help the holders of the black money. Although it was its election promise to bring back black money. But in a sinister way it generated the black money right inside the country. The Modi Government demonetized the currency notes of Rs.1000 and Rs.500 but instead of replacing it ...
Also found in: [+]
A.T.M. Problem 11.1.2020 Central Chronicle
The Union Finance Ministry has directed the Reserve Bank of India to ensure proper functioning of the ATM banks and there should not be any difficult of cash in it. The RBI should review the situation to set it right. But on the other hand the RBI has said it supply the currency notes according to the demands and there was no slackness on its part. The Union Finance Ministry said as per it information about 15 per cent ATM were not functioning. In big cities the ATM were corrected soon but in small town and rural areas the ATM were not corrected for long time. Explaining the position the RBI clarified as the Government moving swiftly towards the implementation of project of the digital India the public sector banks have reduced the setting up of new ATM by 30 to 40 per cent. The RBI pointed out that before the demonetisations 17.24 lakh crores currency notes were in circulations now it has come up to 18.04 per cent. The ATMs these days have become soft target to robbers. Even in cities the ATM are not ...
Also found in: [+]
Strike hits life in State 9.1.2020 The Assam Tribune
Strike hits life in State
Also found in: [+]
1 to 20 of 6,557