The Pradhan Mantri Jan Dhan Yojana (PMJDY), one of the largest financial inclusion initiatives launched by Prime Minister Narendra Modi, completed a decade of successful implementation on Wednesday.
Finance Minister Nirmala Sitharaman said on Tuesday that a total of 53.13 crore Jan Dhan accounts for the poor have been opened in the last 10 years with deposits worth Rs 2.3 lakh crore.
The second India-Singapore Ministerial Roundtable (ISMR) was held in Singapore on Monday.
She was addressing an event organized by Small Industries Development Bank of India (SIDBI) at Sukher Industrial Area in Udaipur.
In her recent budget statement, Finance Minister Nirmala Sitharaman lauded the Insolvency and Bankruptcy Code, 2016 (IBC), celebrating it as a new-age miracle. With over 1,000 companies resolved and a whopping Rs. 3.3 trillion recovered, it seems the IBC is finally hitting its stride – or at least that is the optimistic narrative.
The UK-India economic relationship is already strong with bilateral trade of over £18bn in 2020, supporting nearly half-a-million jobs in each other’s economies.
Earlier, while sharing the CII suggestions for a robust recovery, CII President T.V. Narendran said that for growth to take deep roots, sustained demand is critical, and the immediate source of demand has to be government expenditure.
In a representation to Sitharaman, the FHRAI has sought her intervention to set in motion the Rs 60,000 crore sanctioned under the 'Loan Guarantee Scheme' for Covid-hit sectors, as announced by her on June 28, said FHRAI Vice President Gurbaxish Singh Kohli.
The Reserve Bank of India, in its latest Monetary Policy Committee (MPC) resolution of June 4, 2021, has projected India's real GDP to grow at 9.5 per cent in 2021-22, after accounting for the impact of the second wave as compared to its earlier projection of 10.5 per cent, she said.
India has vibrant and pulsating financial markets, enormous investments opportunity in infrastructure sector and R&D, she added.
