-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...
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CVC examines CBI probe in top bank frauds, including Vijay Mallya's
-PTI CVC Commissioner says bankers need have no fear if their decisions are bonafide New Delhi: The Central Vigilance Commission (CVC) is supervising CBI's probe in 10 top bank fraud cases, including one involving fugitive businessman Vijay Mallya, and says bankers need have no fear if their decisions are bonafide. Vigilance Commissioner T M Bhasin told PTI that bankers need to "muster courage" to recover their money individually or collectively from defaulters. His assertion...
More »Aadhaar centres only at government premises from September
-PTI Aadhaar-issuing authority UIDAI has asked states to ensure that all enrolments, even those by private agencies, shift to government or municipal premises by September this year New Delhi: Aadhaar-issuing authority Unique Identification Authority of India (UIDAI) has asked states to ensure that all enrolments, even those by private agencies, shift to government or municipal premises from external sites by September this year. The move will have a bearing on 25,000 active enrolment...
More »Despite drought, Karnataka farmers earned 38% more than last year -ManuAiyappa Kanathanda
-The Times of India BENGALURU: Notwithstanding the consecutive years of drought over the past three years, Karnataka farmers earned 38% in 2015-16 from sale of agri-commodities through the e-trading interface Unified Market Platform (UMP), according to a Niti Aayog report. The income is expected to double in 2016-17 with many more markets coming under UMP, said a senior agriculture marketing official. UMP, an initiative of the Rashtriya e-Market Services Ltd (ReMS), is...
More »Why didn't Madhya Pradesh farmers gain from farm growth? -Abhiram Ghadyalpatil
-Livemint.com Madhya Pradesh farmers are unhappy that outsiders are misled by claims made by chief minister Shivraj Singh Chouhan Indore, Harda, Mandsaur (MP): Ghanshyam Singh Pipawat, 45, a farmer from the Ujjain district of Madhya Pradesh, has a question for Prime Minister Narendra Modi. “When Modi declared notebandi, he said this would be the last time people will have to stand in line. Then why am I standing in a 2-km-long line to...
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