Surge in digital payments is leading India to the cusp of a digital revolution as more than one billion Indians have a unique identity number with a biometric identifier which is unique in its own way. Even countries which are technologically far more advanced than India with comparatively much smaller size population do not have such a system in place. The Aadhaar card initiative is a watershed event in the dev...
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Category: Banking
Sovereign Gold Bonds
Government of India’s, Sovereign Gold Bond (SGB) 2016 -17 Scheme’s 7th Tranche was open for subscription from February 27, 2017 to March 03, 2017. The nominal value of Gold Bond was fixed at ` 2893 per gram of gold, after offering a discount of ` 50 per gram on the average closing price for gold of 999 purity of the week prior to the subscription period which worked out to ` 2943 per gram and its figu...
China India Relations were and will Remain Crucial
China is gravely concerned over Dalai Lama’s Arunachal visit and there are threats, through the Chinese Media, that it will cause serious damage to ties with India; as in China’s opinion the 14th Dalai Lama is by no means a spiritual leader but a Tibetan separatist. Critics in China opine that it is a critical period for China and India to further upgrade bilateral ties and the recently picked up good momentum f...
Mutual Funds Offer a Better Investment Option
Mutual Funds are a better option for those persons who do not want to go into the intricacies of the stock market and wish to earn a reasonable income on their investments of hard earned money. It is also important to exit, at the right moment and in the right manner, for those who are investing long term in equity-backed mutual funds for meeting the financial goals of their lives. After investing in mutual fun...
BharatQR Code is World’s First Interoperable Payment Acceptance Solution Doing Away with Swipe Card Terminals
BharatQR code, the world's first interoperable payment acceptance solution, has been launched by Government of India on February 20, 2017, as part of its efforts to move towards less-cash economy, at an insignificant cost. Bharat QR code, developed jointly by National Payments Corporation of India (NPCI), Visa, MasterCard and American Express under instructions from Reserve Bank of India (RBI), ...
Accurate Targeting of Beneficiaries, Curbing Pilferage & Duplication under DBT Benefitted Government
DBT or Direct Benefit Transfer Mechanism started under UPA on 1 January, 2013 on pilot basis and subsequently effectively implemented under present NDA regime of Prime Minister Narendra Modi, took off in a major way after the commencement of LPG Subsidy Scheme through this and has saved nearly one year of total subsidy payout by the government in the last three years u...
With Robust Intellectual Property Rights Policy India may Lead Knowledge-based Economies
“Creative India - Innovative India: रचनात्मक भारत; अभिनव भारत”, is what the National Intellectual Property Rights (IPR) Policy, endeavours to do, and to channelize the abundant creative and innovative energies that flow in India, towards a better and brighter fu...
Modified SPV could be Devised to Attract Foreign Investment
Non Resident Indian (NRI) entrepreneurs planning to invest money in India admire the vision of the Prime Minister Narendra Modi and have termed his decisions such as Make in India, Digital India, Swachh Bharat as excellent ideas; but are not satisfied with the implementation of its policies. They are fed up with the same process of filing applications and approaching different mini...
Government Taking Initiatives to Resolve Stressed Assets of Banks
With a view to widen the process of resolving bad loans, government has asked all Public Sector Banks (PSBs) to approach the two member overseeing committee, consisting of Janki Ballabh, former Chairman of State Bank of India & Pradeep Kumar, former Chief Vigilance Commissioner, set up by Indian Banks’ Association in consultation with Reserve Bank of India (RBI...
Financial System Remains Stable despite Deterioration in Asset Quality & Low Profitability
Financial Stability Report (FSR) released by Reserve Bank of India (RBI) on December 29, 2016 gives an assessment of risks to financial stability as also the resilience of the financial system and confirms that overall; India’s financial system remains stable although banks continue to face significant levels of stress. FSR highlights that with reduced poli...