5 Dec 2014
Is RBI's payments bank move aimed at stifling India Post's banking bid?

In its guidelines for licensing of payments banks, the Reserve Bank of India (RBI) said the move is intended to "further financial inclusion", which is among the top priorities of Narendra Modi government. The government has set a target to open 100 million new accounts under Pradhan Mantri Jan Dhan Yojana by 26th January 2015. The scheme was launched on 28th August 2014.

4 Dec 2014
Regulatory reforms key to improve India's ease of doing business

Narendra Modi government has set an ambitious target to improve India's ranking in ease of doing business to among the top 50 in the next two years. The goal looks very difficult and ambitious because India is ranked at 142 among 189 countries in the latest World Bank's ease of doing business index. In fact, India's ranking has taken a hit in the recent years. It slipped by 11 spot in the past two years.

05 Nov 2014
Making cities 'Smart'

One of the top agendas of Narendra Modi government is to build 100 smart cities. This will be the biggest city-building exercise in the Indian history. The government has already set the ball rolling, making budgetary provision of Rs 7,060 crore for the project in the current financial year.

04 Nov 2014
Will Jan Dhan end 'Financial Untouchability'?

The new government has started an ambitious financial inclusion plan that aims to bring every household under the banking net by 26th January 2015. Financial inclusion has been a buzzword for quite some time.

14 Oct 2014
Political role in inflation targeting imperative

The Reserve Bank of India (RBI) has been hawkish on policy rates for the past four years to contain inflation. The central bank has maintained tight monetary policy despite reservations from the elected representatives and the government. What's worse, the hawkish stance had little perceptible impact on the price rise, as the inflation remained stubbornly high.

6 Oct 2014
Swachh Bharat lessons from Bangladesh

More than half of India's 1.25 billion people defecate in the open and more than half of the people in the world who defecate in the open live in India.

22 Sep 2014
Jan Dhan benefits of RuPay, insurance also for Cooperative Bank accounts: Finance Ministry

The benefits of RuPay Debit cards, insurance and overdraft facilities associated with accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) will also be applicable for Cooperative Banks accounts opened under the scheme, according to top Finance Ministry officials.

19 Sep 2014
Need to revamp economic data measurement methods

Wide fluctuations and sharp revisions in macro-economic data like GDP, industrial output and inflation raises questions over the credibility of these numbers. In the past couple of years there have been sharp and multiple revisions in economic growth, industrial output, foreign trade and inflation data. Moreover, a wide fluctuation in these data on month-on-month or quarter-on-quarter basis has dented the credibility.

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