The Reserve Bank of India (RBI) is to consider a proposal for opening of weekly branches in unbanked panchayats in the state. Gumla is one among the 16 districts, which have been classified as under-banked districts in the state. Delay in disbursing wages under MGNREGA and executing other welfare schemes will now be sorted out by reaching banking services to hitherto unbanked areas and new measures have also been initiated. Before the...

State Bank of India, the country’s largest bank, plans to scale up its rural book in keeping with its objective to increase financial inclusion. The bank plans to increase its rural lending book by 25% and its deposit base by about 28%,’’ said Jayanta K Sinha chief general manager, rural business, SBI. The bank is also in the process of teaming up with corporates, who would be Business Correspondents(BC). “In keeping...

The country is in a vortex of challenges, counter-challenges and suspicious suggestions even amongst good friends on the desirability or otherwise of inclusion of caste in Census 2011. I feel that a calmer discussion may clear a number of cobwebs. It is common ground that the caste system exists in our country since centuries. It is unnecessary to dilate upon the origin of caste; whether due to the freezing of the...