-PTI Soaring inflation, high fuel cost, rising cost of education and health insurance premiums have eroded the real incomes of middle-class Indian families, with household savings rates dropping by a staggering 40 per cent in the last three years, says an Assocham survey. "Poor households are unable to maintain the consumption levels at current prices while middle income families find their purchasing power erode fast, thus having far less surplus money," Assocham...
More »SEARCH RESULT
Total Matching Records found : 257
The UID Crisis: Don't waste it-Surabhi Agarwal
-The Business Standard The next catastrophe to hit UID will be on breach of privacy, which will happen sooner than later Tech czar and soon to be politician Nandan Nilekani joined Twitter last week and already has some 650 plus followers. The man shunned all forms of social media during the last four years as the chief of the unique identify (UID) or Aadhaar project. So this sudden change in strategy is...
More »Direct cash transfers: 'The previous system was so much more convenient' -Ruhi Tewari
-The Indian Express Rajasthan/ Delhi: Three states where the UPA govt has rolled out direct cash transfers go to polls later this year. On the ground, the scheme has not quite turned out the game-changer the government reckoned it would. A frail Gori Sahaab, 90, instructs his son to pour mustard oil into a tiny diya in his one-room house. He once used a kerosene lamp but has stopped buying that fuel....
More »Aadhaar, fingerprint scan enough to open bank account-Mayur Shetty
-The Times of India MUMBAI: A few weeks after RBI governor Raghuram Rajan stressed on building credit histories of individuals based on the Aadhaar number, one bank has introduced unique identity-based eKYC for opening loan and savings accounts. Axis Bank, which is using payment company Visa's network to access Aadhaar database , will introduce the eKYC facility in around 25 branches next week. The branches will open loan and deposit accounts based...
More »Banking Facilities Inaccessible, Tribal Woman Suffers
-Outlook Gadchiroli: A poor tribal woman has been running from pillar to post for the last 15 days to open a bank account. In absence of a bank account, Sarika Sanjay Madavi, who has a two-month-old child, is unable to avail benefit of a financial assistance scheme of the Maharashtra Government. The 25-year-old resides with her husband and mother- in-law in village Chatgaon under Dhanora taluka of this Eastern Maharashtra district, which is...
More »
