Prime Minister Narendra Modi on Thursday asked the Reserve Bank to prepare a 20-year road map for financial inclusion and nudged banks to be considerate in giving loans to the poor as also while making recoveries from them, especially farmers.
Entry tickets to museums, zoo and tiger reserves would become cheaper, while business class air travel, investment in MFs and chit funds would become expensive with some of the service tax proposals announced in the Budget coming into effect from Wednesday.
Against the backdrop of complaints of pensioners' harassment, the government has directed banks not to insist that retired government employees be physically present for giving life certificates for continuation of pension.
India's public sector banks are struggling to recover even a fraction of their Rs 7000-crore loans from Vijay Mallya's grounded Kingfisher Airlines.
However, Mallaya, the owner of Royal Challengers Bangalore, has bought players in the IPL 2015 auction.
In a setback to N Srinivasan, the Supreme Court on Thursday barred him from contesting any BCCI election on grounds of conflict of interest and set up a judges committee under a former Chief Justice of India to decide on the punishment in the IPL scam that can threaten the future of Chennai Super
P Jayaram Bhat, MD and CEO, Karnataka Bank Ltd said that the Pradhan Mantri Jan-Dhan Yojana (PMJDY) aims at encouraging savings, availing credit from banks and rooting of government subsidies and benefits to directly to the beneficiaries accounts.
A privileged existence in Switzerland for some of the largest sports organizations in the world and their top executives including Sepp Blatter, president of world soccer’s governing body FIFA, may be coming to an end.
Hong Kong`s shares tumbled Monday and the local dollar hit a six-month low against the greenback as pro-democracy protests brought parts of the city to a standstill with with many schools, businesses and banks shut down.
A day after the much-awaited Delhi Development Authority's (DDA) 2014 housing scheme kicked-off, looking at the demand, the agency has planed to sell 25,000 forms through each of the 13 authorised banks from Tuesday.