-The Times of India MUMBAI: Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India's guidelines on basic savings bank deposit accounts (BSBDA), which include PMJDY accounts, has led to banks conjuring up ways to cap free transactions. The norms applicable to PMJDY accounts are those...
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Asim Dasgupta, former Finance Minister of West Bengal, interviewed by AM Jigeesh (The Hindu Business Line)
-The Hindu Business Line Asim Dasgupta, who was Finance Minister of West Bengal for 24 years, was probably the only CPI(M) member who attended Saturday’s event at the Central Hall of Parliament, on the eve of the GST’s launch. In fact, Dasgupta was Chairman of the Empowered Group of State Finance Ministers which prepared the first formulation of GST laws in 2009. He spoke to BusinessLine on the new indirect tax regime,...
More »60% in 18-19 age bracket not enrolled as voters -Bharti Jain
-The Times of India NEW DELHI: Barely 40% of the country's newly eligible voters in the 18-19 age group are currently enrolled as voters. In fact, in big states like Uttar Pradesh and Bihar, 75 lakh and 46 lakh young people have turned 18 but are yet to enlist themselves as voters. As per statistics compiled by the Election Commission as part of its special enrolment drive focused on young voters, 3.36...
More »581 mn Indians in country's 9 poorest states live without proper healthcare -Ojaswi Rao
-Business Standard/ IndiaSpend Seven of the nine 'high-focus' states report underspending on healthcare Nine of India’s poorest states–home to 581 million or 48% of India’s population–account for 70% of the country’s infant deaths, 75% of under-five deaths and 62% of maternal deaths, but do not spend even the money they have set aside for healthcare, according to an IndiaSpend analysis of 2017 Reserve Bank of India data on state budgets. The data also...
More »CVC examines CBI probe in top bank frauds, including Vijay Mallya's
-PTI CVC Commissioner says bankers need have no fear if their decisions are bonafide New Delhi: The Central Vigilance Commission (CVC) is supervising CBI's probe in 10 top bank fraud cases, including one involving fugitive businessman Vijay Mallya, and says bankers need have no fear if their decisions are bonafide. Vigilance Commissioner T M Bhasin told PTI that bankers need to "muster courage" to recover their money individually or collectively from defaulters. His assertion...
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