100 per cent FDI in White Labelled ATM operations
Government has allowed Foreign Investment upto 100% in White Label ATM (WLA) operations, subject to the following conditions :- (i) Any non-bank entity intending to set up WLA should have…
Universal Basic Income & Economic Survey 2017-18
The Economic Survey 2016-17 tabled in Parliament today by the Union Finance Minister Shri Arun Jaitley has advocated the concept of Universal Basic Income (UBI). This is as an alternative…
India Innovation Index A joint initiative of NITI Aayog, DIPP and CII
To make India an innovation-driven economy, NITI Aayog, Department of Industrial Policy & Promotion (DIPP) and Confederation of Indian Industry (CII) together launched a mega initiative “India Innovation Index” that…
Economic Survey suggests new body to deal with NPAs
To tackle with the problems of increasing Non-Performing Assets (NPAs) of the banking system and declining credit and investment, the Economic Survey 2016-17 on Tuesday recommended a centralised Public Sector…
UBI alternative to State subsidies for poverty alleviation: Economic Survey
UBI is a powerful idea whose time even if not ripe for implementation, is ripe for serious discussion, says the Economic Survey. Recommendations of Economic Survey 2016-17 on UBI: The…
All about The India Post Payments Bank
The India Post Payments Bank (IPPB) has been recently incorporated as a Public Limited Company under the Department of Posts with 100% GOI equity. IPPB will offer demand deposits such…
Cabinet approves the exclusion of States from National Small Savings Fund
The Union Cabinet has excluded States and Union Territories except Arunachal Pradesh, Kerala, Delhi (UT) and Madhya Pradesh from National Small Savings Fund (NSSF) investments with effect from 1 April…
India ranked 60th in 2017 Inclusive Development Index
India has been ranked at 60th position among 79 developing economies with a score of only 3.38 in the Inclusive Development Index (IDI) of the World Economic Forum (WEF). WEF…
Manipur’s Karang is India’s first cashless islan
Karang, a small lake island in Manipur, has become the country’s first cashless island. The Union ministry of electronics and information technology under its Digital India programme announced Karang as…