Apart from gross domestic product (GDP) and gross value added (GVA), another indicator which shows whether an economy is thriving or stagnating is the growth in bank credit. Credit is a critical input in the production of goods and services. It is generally the case that during prosperous times, economic actors, who are engaged in different sectors or in various industry, take up bank loans to invest. The provisional data...
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Vague RBI guidelines see banks cap PM's Jan Dhan Yojana accounts -Mayur Shetty
-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...
More »Shrinking banks putting Delhi at risk of flooding -Jayashree Nandi & Risha Chitlangia
-The Times of India NEW DELHI: In 2015, a high-powered panel appointed by the National Green Tribunal and headed by the then union water resources secretary Shashi Shekhar had recommended the ecological development of the Yamuna floodplain in such a manner as to prevent any further encroachments by builders. But with NGT yet to decide on implementing that report, constructions continue on either side of the river. NGT also asked for the...
More »Haryana farmers refuse to withdraw agitation -Sukhbir Siwach
-The Indian Express State govt starts gathering details of outstanding farm loans Chandigarh: Agitating farmers in Haryana have refused to withdraw their agitation despite the acceptance of several demands of farmers in Maharashtra and Madhya Pradesh. Haryana farmers, who are sitting on dharna in many parts of the state, have decided to block national highways and state highways for three hours on June 16. On the other hand, keeping in view the...
More »SBI ATM, online, cash transaction fees change from June 1: All you need to know -Ramarko Sengupta
-The Times of India State Bank of India (SBI) has revised service charges on ATM (Automated Teller Machine) withdrawals for users of its mobile app "SBI Mobile Buddy", as well as for various other cash and online transactions, effective from June 1. The country's largest lender will start charging customers Rs 25 per transaction for withdrawing money from an ATM through its mobile wallet app from Thursday. The SBI mobile wallet allows...
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