Ahead of 2019 polls, Narendra Modi showers sops on army of anganwadi workers to win over rural India
It seemed to be a well-crafted strategy on the part of the prime minister to directly engage with over 28 women workers in rural areas through a mobile phone application both on account of governance and also eyeing a political dividend.
Insurance companies expect claims in flood-ravaged Kerala to cross Rs 1,000 crore as the government declares the deluge as 'calamity of severe nature'.
Modi said beneficiaries under various social security schemes stood at about 5 crore in 2014, which has now increased to 50 crore.
The finance minister said that so far, 7.84 crore people have registered under PMSBY, 2.70 crore under PMJJBY and 4.69 lakh subscribers have joined APY.
The government, Jaitley said, would also consider favourably the demand of public sector banks for more capital infusion, over and above what was earmarked in the budget for 2015-16.
The sources said Jaitley will also deliberate on the issue of non-performing assets (NPAs) and discuss ways to contain this.
After providing bank accounts to 15 crore unbanked people, Prime Minister Narendra Modi on Saturday launched three social security schemes, including an insurance cover for less than Re 1 per day, and said that the poor "need empowerment, not aid".
The Union Cabinet on Wednesday gave approval to three mega social security initiatives — one pension and two insurance schemes — to be launched by Prime Minister Narendra Modi on 9 May.
Seeking to calm investor jitters, Finance Minister Arun Jaitley on Thursday offered tax relief to FIIs by exempting some of their income from MAT and announced that an "extremely simplified" income tax return form will soon replace the controversial 14-page ITR that sought details of all bank accounts and foreign trips.
The bank has already opened more than 1.82 crore accounts under various financial inclusion initiatives, out of which 70.2 lakh accounts have opened since the launch of the Jan Dhan Yojana, Bank of India chairman and managing director Vijaylaxmi Iyer said.