Harun R Khan, Deputy Governor, RBI Let me focus now an important aspect emerging needs India is rapidly urbanising, which is putting a tremendous pressure on urban infrastructure. Census data 2011 reveals that about 31 percent (377 million) of Indian population lives in urban areas and contributes 63 percent of the GDP. Going forward, the […]
New Delhi: June 18, 2017 Credit flows to agriculture under Priority Sector Lending-PSL display considerable seasonality not explained by cropping patterns. The Task Force on Credit Related Issues of Farmers, in its report submitted to the Ministry of Agriculture, Government of India, in 2010, observed that while month-wise credit disbursement patterns should have been in […]
( PM Narendra Modi’s speech at The Global Business Summit: Excerpts) Entrepreneurship is one of India’s traditional strengths. It was sad to see it neglected in the last few years. “Business” and “profits” had become bad words. We have changed that. We need to value enterprise and hard work, not wealth. Our programs ranging from […]
Chennai, Dec 29: A deposit scheme for the girl child, linking of Aadhaar card to each individual credit account, and development of solutions based on mobile banking technology are some of the recommendations of an RBI panel to increase financial inclusion. The Reserve Bank of India (RBI) released the report of the Committee on Medium-term […]
By Dr. Raghuram Rajan, Governor, Reserve Bank of India I am sure many of you have come across Richard Feynman’s Lectures on Physics, a must-read when we were at IIT. The Nobel prize-winning physicist was one of the giants of the twentieth century. In his autobiography, though, he writes how he found the atmosphere at […]
ICTpost News Network New Delhi: October 14, 2015 Deposits in accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) have now exceeded Rs. 25,000 crore which has come to the banks as low cost deposits. The accounts that can be opened under PMJDY are Basic Savings Bank Deposit Accounts (BSBDA) which can be with […]
By Arun Jaitley, Union Minister of Finance, Corporate Affairs and Information and Broadcasting ?Strong and inclusive economic growth is necessary for the developing economies to grow, prosper and develop sustainably. Such growth is also necessary for achieving the SDGs as well as the twin goals of the World Bank. With expected growth of only 4.3% […]
