Digital India move gets accelerated with demonetisation of high denomination notes and the Prime Minister announcing on his “Maan Ki Baat” radio broadcast that people should accept more of digital transaction or payment methods; the Government has also started pro...
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Category: Banking
Demonetisation to hamper growth in the short term with challenges in implementation
The Government of India’s recent move to demonetise old series Rs. 500 and Rs. 1,000 notes, which constituted about 86 per cent of the country’s total currency, aimed at ending the ghost economy, may actually hit the real economy in the coming months. The move is expected to have short term macroeconomic impacts of the cash crunch that include a temporary delay in consumption and investment, disrupted s...
Demonetisation to consolidate government finances and ride the tide of cashless payments & digital economy
Prime Minister Narendra Modi’s sudden announcement to demonetize Rs. 500 and Rs. 1,000 currency notes with effect from midnight of November 08-09, 2016, making these notes invalid is a major assault on black money, fake currency and corruption. Modi said the notes of Rs. 500 and Rs. 1,000, “will not be legal tender from midnight tonight” and these will be “just worthless piece of paper.” Reserve Bank of India (...
Housing for All by 2022
Housing for All by 2022 scheme launched by the government of India is the government mission for providing housing facilities for urban areas consisting of 4041 statutory towns with initial focus on 500 Class I cities. The scheme aims at covering the all urban areas of India where housing facility is either is missing or deficient. The scheme is being implemented in three phases. The sc...
Transfer Policy for Female Employees in Public Sector Banks
The ratio of women to men employees in Public Sector Banks (PSBs) is among the highest as compared to any other industry. Of around 8.5 lac persons employed in PSBs there are nearly 2 lac women employees, i.e., the women employees account for 24% of the total workforce. In India, only one in 10 companies across all sectors have a woman at the highest level and more than half of these are from the financial services sector. There are c...
Time Management
Some persons always seem pressed hard for the time in performing their tasks, whereas, others seem to have all the time in the world and still complete their tasks conveniently well in time, although we all get 24 hours in a day. Better achievers manage their time exceptionally well.
Time management
“Sukanya Samriddhi Account” Programme
The government has launched the “Sukanya Samriddhi Account” programme-a small savings scheme, which carries the potential of having a far reaching effect on the lives and education of young girls across India. The scheme which aims at education and marriage expenses for the girl children when they grow up and see their world makes it easy for a parent or legal guardian to open an account in the name of the gi...
SIDBI Role in MUDRA
Small Industries and Development Bank of India (SIDBI) was established in 1990 with the main objective of promoting and financing micro, small, and medium enterprises in the country. The government of India has created a Credit Guarantee Fund (CGF) for Micro Units Development Refinance Agency (MUDRA) loans and for converting MUDRA Ltd. into MUDRA Small Industries Development Bank of India (SIDBI) Bank as a wholl...
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Pradhan Mantri Suraksha Bima Yojana (PMSBY), is one of the three Social Security Schemes to create universal social system for the citizens. The other two are Atal Pension Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana. The scheme has been launched to ensure risk coverage in case of accidental death, full or partial disability. The insured amount to be provided for accidental death and full disability is Rs....
Pradhan Mantri Mudra Yojana
Pradhan Mantri Mudra Yojana is revolutionary scheme launched to help specifically the small entrepreneurs. The scheme aims at refinancing and developing micro units under the Micro Units Development and Refinance Agency (MUDRA) Bank - a new institution being set up by Government of India .The scheme was mooted by the Finance Minister Arun Jaitly during his budget speech 2016-17 keeping in focus the needs of sma...