-The Hindu It took nearly three years for the Reserve Bank of India (RBI) to give a final shape to the government’s decision to let more players in the private sector banking field. That by itself offers a clue to the divide in thinking between the fiscal and monetary managers of the Indian economy. When it did come out with guidelines for “Licensing of New Banks in the Private Sector”, the...
More »SEARCH RESULT
Total Matching Records found : 2404
Social media come to the rescue again
-The Hindu When all else fails, you still have the social media to bank on. Hyderabad: With phone lines from almost all service providers getting jammed, social networking websites Twitter and Facebook played a vital role in spreading news of individuals who were in the vicinity of the blast area among friends, relatives and colleagues. The micro blogging sites also became a platform to make frantic appeals by users to stop spreading unnecessary...
More »MNREGA will help implement direct benefit transfers: PM
-PTI The jobs scheme has expedited the financial inclusion of the rural population, says Manmohan Singh Prime Minister Manmohan Singh on Saturday said bank and post office accounts opened under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) will help the government provide direct cash transfers to the people. “MNREGA has brought momentum in the financial inclusion of our rural population. Besides direct financial benefit, the scheme has given many indirect benefits...
More »States' debt-GSDP ratio improves in FY10-12: Icra
-PTI Financial performance of the states with relation to indicators of debt servicing such as debt as a proportion to revenue receipts and gross state domestic product (GSDP) has improved between 2009-10 and 2011-12, says an Icra report. While states like Kerala, Gujarat, Punjab, Rajasthan and West Bengal remain relatively more indebted, Karnataka, Odisha and Chhattisgarh have displayed a superior performance in 2011-12 in terms of their debt relative to revenue receipts. Chhattisgarh,...
More »Strike hits banking, coal mining in Andhra
-IANS Banking services were paralysed, coal production came to a halt, and transportation was hit in Andhra Pradesh by the two-day nation-wide strike called by major trade unions, which began Wednesday. Bank services in Hyderabad and the rest of the state were totally paralysed as over 70,000 employees of public sector Banks joined the strike. Coal production came to a halt in the mines of the state-owned Singareni Collieries, with 65,000 workers in...
More »
