-The Hindustan Times A sea of young people on a Delhi Metro last week offered a glimpse into the despair within young India. Most had taken the train from Delhi University — a hub of students from across the country — to the heart of the city, to take a test and apply for a job with a national bank. But there were only a few thousand vacancies — and 100,000 youngsters...
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'Those Without Acc Can Soon Receive Money From ATMs'
-Outlook Mumbai: RBI Governor Raghuram Rajan today said individuals without a Bank Account will soon be able to receive money from those with Bank Accounts, using automated teller machines (ATM). "We have recently approved the in-principle setting up of a payment system which will facilitate funds transfer from Bank Account holders to those without accounts through ATMs," he said, delivering the DR Gadgil lecture here. Rajan said the move is driven by the...
More »‘RuPay’ card to benefit farming community
-The Hindu Ryots can use it at all bank ATMs to withdraw cash to buy fertilizer or seed TIRUPATI (Andhra Pradesh): ‘RuPay', the multipurpose smart card envisaged to enable payments from various financial institutions to beneficiaries through an impressive network of ATMs, is all set to benefit the farming community more than ever before, said National Bank for Agriculture and Rural Development (NABARD) Chairman Harsh Kumar Bhanwala. Speaking after releasing and distributing the...
More »Aadhaar not mandatory for MGNREGA wages
-The Hindu Programme Officer in every State should help workers get UIDAI numbers, says Ministry The Ministry of Rural Development on Tuesday directed the States not to deny workers job cards under the Mahatma Gandhi National Rural Employment Guarantee Act for non-possession of either bank/post office account numbers or the Aadhaar card. The instructions, a copy of which is available with The Hindu, say it is the responsibility of the MGNREGA Programme Officer...
More »Government of India and World Bank Sign $500 Million Agreement to Improve Rural Water Supply and Sanitation Services in Four Indian States
-The World Bank About 7.8 million rural people are expected to directly benefit from the project NEW DELHI: The government of India and the World Bank today signed a $500 million credit agreement to improve piped water supply and sanitation services through decentralized delivery systems in the states of Assam, Bihar, Jharkhand and Uttar Pradesh. The credit agreement for the Rural Water Supply and Sanitation (RWSS) Project for Low Income States was signed...
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