-The Times of India NEW DELHI: While declaring that her government was keen to take the Aadhaar-based cash transfers to 30 lakh beneficiaries across various schemes, chief minister Sheila Dikshit on Monday expressed concern over obstacles in the delivery of cash transfers due to non-cooperation of banks. She urged Unique Identification Authority of India chairman Nandan Nilekani to work towards speeding up the bank account opening process linked to Aadhaar enrolments. Dikshit...
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New bank licences: The contenders -Dinesh Unnikrishnan
-Live Mint A SWOT analysis of 24 companies that are drawing up plans for their entry into banking Mumbai: The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two...
More »Depositors from outside add to complaint pile
-The Indian Express Kolkata: AMONG the 6.25 lakh complaints received by Justice Sen Commission, which has been set up by the West Bengal government to inquire into the Saradha Group and other chit fund scams and also to look into ways to return money to investors, many have been submitted by people from other states where the firms were operating. "Since the West Bengal government is the only state government that has...
More »Don’t play politics with cooperative societies, Supreme Court warns States-J Venkatesan
-The Hindu Supersession only in exceptional circumstances, not for extraneous considerations The Supreme Court on Thursday decried the tendency of State governments superseding elected cooperative societies for political or extraneous reasons. "Supersession of an elected managing committee/board is an exception and [can] be resorted to only in exceptional circumstances," said a Bench of Justices K.S. Radhakrishnan and Dipak Misra. Sending a warning to the States, the Bench imposed Rs. 1 lakh in costs...
More »Reforms’ unintended fallout -Ashoak Upadhyay
-The Hindu Business Line A mint-fresh working paper by the Reserve Bank of India once again trains the spotlight on a problem that, for five decades, every policy-maker has planned to snuff out, failed to, and then wished it would go away if ignored. But financial exclusion simply hasn't, and we now have the central bank applying its forensic skills to an examination of its magnitude. The title of Working Paper Series...
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