-The Indian Express Loan limits for renewable energy, health infrastructure doubled The Reserve Bank of India (RBI) on Friday brought financing of start-ups under the priority sector lending (PSL) category of the Banking sector, proposed more credit flow to districts with lower PSL, and doubled loan limits for renewable energy and health infrastructure “to align it with emerging national priorities and bring sharper focus on inclusive development.” In a bid to address regional...
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Urjit Patel, former Governor of Reserve Bank of India, interviewed by Puja Mehra (The Hindu)
-The Hindu Our macroeconomic problems have created financial sector crisis periodically, says the former Reserve Bank of India Governor. In his first interaction with a journalist after stepping down from the Reserve Bank of India (RBI), former Governor Urjit Patel spoke about his new book, Overdraft: Saving The Indian Saver, with Puja Mehra in a conversation on invitation from the Pune International Centre. Edited Excerpts. * What made you decide to write this...
More »Bank accounts opened under Jan Dhan Yojana crosses 40-crore mark
-PTI/ The Hindu As per the latest figure, there are 40.05 crore beneficiaries of this scheme and deposits in Jan Dhan bank accounts are in excess of ₹1.30 lakh crore. More than 40 crore bank accounts have been opened under the government’s flagship financial inclusion drive Pradhan Mantri Jan Dhan Yojana (PMJDY), launched about six years ago by the Modi-government. As per the latest figure, there are 40.05 crore beneficiaries of this scheme...
More »How farms across India are Banking on native grains and hope to reap a good harvest -Sangeetha Devi Dundoo
-The Hindu Bolstered by the timely South-West monsoon and a steady demand for native produce, the farming community is looking forward to the sowing season We have had the wettest June in 12 years, according to the Indian Meteorological Department (IMD). Statistics released by the IMD show that India recorded 118% of the Long Period Average rainfall in June 2020, which is considered excess. These copious showers brought cheer to the farming community,...
More »Vivek Kaul, columnist on economics and business and author of 'Bad Money: Inside the NPA Mess and How it Threatens the Banking System', interviewed by Rohan Venkataramakrishnan (Scroll.in)
-Scroll.in The author of ‘Bad Money: Inside the NPA Mess and How It Threatens the Banking System’ speaks about Atmanirbhar Bharat and what the media gets wrong. Vivek Kaul is the author of the Easy Money trilogy of books on the history of Banking and money and, most recently, of Bad Money: Inside the NPA Mess and How it Threatens the Banking System. In lucid prose, Kaul draws out the history of...
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