-The Hindu Bharatiya Mahila Bank (BMB) is the first of its kind bank in India, meant for women. However, the bank is neither completely run by women, and nor is it exclusively for women. The first CMD of Bharatiya Mahila Bank, Usha Ananthasubramanian, explains to The Hindu the concept of the Bank which is just about two months old. Edited excerpts from the interview: * How is Bharatiya Mahila Bank different from the...
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'Rs 2,000 Cr Given As LPG Subsidy Under DBT Till Dec'
-Outlook The government has transferred Rs 2,000 crore into 6.6 crore accounts as LPG subsidy till December 2013 under the Direct Benefit Transfer (DBT) scheme. "The Direct benefit transfers under LPG have crossed a sum of Rs 2,000 crore till December 2013. More than six crore consumers are now availing DBT for LPG in 184 districts across the country," said a UPA government report card released today by Prime Minister Manmohan Singh. The...
More »Kerala govt mulling waiver of stamp duty for farm loans
-The Hindu Thiruvananthapuram (Kerala): The government is considering a proposal to exempt stamp duty on agricultural loans issued by commercial banks. Finance Minister K.M. Mani told a meeting of the State Level Bankers Committee (SLBC) here on Monday that a decision on the issue would be taken soon after assessing the financial implications. Pointing to the substantial share of commercial banks in primary sector credit, the last meeting of the SLBC had...
More »West Bengal's savings scheme for poor gets RBI nod -Atmadip Ray
-The Economic Times KOLKATA: West Bengal chief minister Mamata Banerjee's plan to start a savings scheme with the aim of protecting the poor from losing their money to Deposit Schemes that promise high returns will be going ahead with the Reserve Bank of India having cleared the participation of state-run banks in the programme. The state government is to launch the plan on November 6. State-run West Bengal Infrastructure Development Finance Corporation...
More »West Bengal: Saradha scam worth Rs 2,460 crore, report says
-PTI NEW DELHI: The alleged chit fund scam in West Bengal involving the Saradha Group revolves around a total sum of Rs 2,460 crore with 80 per cent of the depositors' monies still remaining unpaid, a latest investigation report has revealed. The report also states that the arrested Saradha chairman Sudipta Sen was in "total control" of all deposits made by his group companies, which are under the scanner for having perpetrated...
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