Search Results for: Banking Regulation Act

bse-closes-points-229-44-up-on-september-1

BSE closes points 229.44 up on September 1

New Delhi, Sept 01 (ANI): Trading at the Bombay Stock Exchange today closed 229.44 points up to stand at 26,867.55. At the National Stock Exchange the Nifty closed 73.35 points up to stand at 8,027.70. ABB and UNITECH were among the top gainers of Group A with an increase of 10.42% and 9.43% along with APOLLOTYRE and ANDHRABANK with an increase of 8.93% and 6.72% respectively, while the top losers of Group A include BHUSHAN STEEL LTD and GMDC LTD. with a decrease of 4.98% and 2.41% along with Bajaj Finance Limited and GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD. with a decrease of 2.30% and 2.12% at the close of the markets. The Auto sector is up 254.31 points at 17,547.96 while the banking sector is up 322.80 points at 18,326.48 and the reality sector is up 46.95 points at 1,774.39. The Indian currency is up 0.07% at Rs 60.49 per dollar. Sep 1, 2014
mayawati-slams-modis-jan-dhan-yojna

Mayawati slams Modi's Jan Dhan Yojna

Lucknow, Aug 30 (ANI): BSP chief Mayawati said on Saturday that Prime Minister Narendra Modi's newly launched banking scheme Jan Dhan Yojna cannot help the poor of the country as law and order situation in Uttar Pradesh has worsened. Maywati said the Jan Dhan Yojna scheme has tangled rules and regulations and due to this, poor people will not receive any direct monetary benefit from this scheme. Mayawati also said the Samajwadi Party (SP) led government is ignorant of the rights of farmers, while misrule is also harming the business of sugarcane growers. She added that in 2007, several developmental works were done when she ruled the government. Uttar Pradesh also witnessed investment for its growth of economy. Aug 30, 2014
bjp-hails-pm-modis-jan-dhan-yojana

BJP hails PM Modi's Jan Dhan Yojana

Lucknow/ Bhopal/ Mumbai, Aug 29 (ANI): BJP leaders and cabinet ministers hailed the initiative of Prime Minister Narendra Modi to launch a scheme to ensure that the majority of households in his country of nearly 1.3 billion people have a bank account within months. If successful, the Jan Dhan Yojana could help mend strained state finances by better targeting billions of dollars in welfare spending as well as relieving poverty in a country where about 40 percent of the population has no access to banking. Madhya Pradesh Chief Minister Shivraj Singh Chouhan praised the initiative saying through this scheme people would be able to save their money judiciously. Under the scheme, the government will give account holders a debit card and accident insurance cover of up to 100,000 rupees. Good customers would also be eligible for an overdraft facility of up to 5,000 Indian rupees after six months. Foreign Minister Sushma Swaraj said this could help break a link between poor public services and corruption. Home Minister Rajnath Singh said this would make people financially independent. Meanwhile, Power Minister Piyush Goyal said through this scheme the poor people will be able to participate in the economic development of the country. Aug 29, 2014
pradhan-mantri-jan-dhan-yojana-would-fight-poverty-in-the-country-modi

Pradhan Mantri Jan Dhan Yojana would fight poverty in the country: Modi

New Delhi, Aug 28 (ANI): Prime Minister Narendra Modi, while launching the ambitious 'Pradhanmantri Jan Dhan Yojana, said that the scheme will fight poverty in the country. He added that the scheme would help India to get rid of 'financial untouchability'. The Pradhan Mantri Jan Dhan Yojana is an ambitious scheme, under which the government would provide every household with a bank account and an insurance cover. Under the banking scheme, account holders would get a debit card and accident insurance cover of up to 100,000 rupees ($1,654). They would also get an overdraft facility of up to 5,000 Indian rupees. The first phase of the mission, starting this month, would end in August next year. The second phase will start from 2015 till 2018, covering aspects such as micro insurance and pension schemes like 'Swavalamban'. Aug 28, 2014
pm-narendra-modi-launches-pradhanmantri-jan-dhan-yojana

PM Narendra Modi launches 'Pradhanmantri Jan Dhan Yojana'

New Delhi, Aug 28 (ANI): Prime Minister Narendra Modi on Thursday launched the 'Pradhanmantri Jan Dhan Yojana. The Pradhan Mantri Jan Dhan Yojana is an ambitious scheme, under which the government would provide every household with a bank account and an insurance cover. Under the banking scheme, account holders would get a debit card and accident insurance cover of up to 100,000 rupees ($1,654). They would also get an overdraft facility of up to 5,000 Indian rupees. The first phase of the mission, starting this month, would end in August next year. The second phase will start from 2015 till 2018, covering aspects such as micro insurance and pension schemes like 'Swavalamban'. Aug 28, 2014
govt-aims-not-to-let-any-family-deprived-of-banking-facilities-arun-jaitley

Govt aims not to let any family deprived of banking facilities: Arun Jaitley

New Delhi, Aug 28 (ANI): Finance Minister Arun Jaitley on Thursday said that the inauguration of Prime Minister's Jan-Dhan scheme has been done with an aim to not let any family in the country deprived of banking facilities. Jaitley also said that the government's aim is to reach facilities like loan and overdraft to all the citizens of the country. The scheme was inaugurated by Prime Minister Narendra Modi. Aug 28, 2014
need-to-get-rid-of-financial-untouchability-to-save-economy-modi

Need to get rid of 'financial untouchability' to save economy: Modi

New Delhi, Aug 28 (ANI): Prime Minister Narendra Modi, while launching the ambitious 'Pradhanmantri Jan Dhan Yojana', said that the scheme will help India get rid of 'financial untouchability'. The Pradhan Mantri Jan Dhan Yojana is an ambitious scheme, under which the government would provide every household with a bank account and an insurance cover. Under the banking scheme, account holders would get a debit card and accident insurance cover of up to 100,000 rupees ($1,654). They would also get an overdraft facility of up to 5,000 Indian rupees. The first phase of the mission, starting this month, would end in August next year. The second phase will start from 2015 till 2018, covering aspects such as micro insurance and pension schemes like 'Swavalamban'. Aug 28, 2014
bse-closes-points-77-96-up-on-august-28

BSE closes points 77.96 up on August 28

New Delhi, August 28 (ANI): Trading at the Bombay Stock Exchange today closed 77.96 points up to stand at 26,638.11. At the National Stock Exchange the Nifty closed 17.25 points up to stand at 7,953.30. NATIONAL ALUMINIUM CO LTD. and TATA COMMUNICATIONS LTD were among the top gainers of Group A with an increase of 8.37% and 5.08% along with GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. and BHEL with an increase of 4.46% and 4.10% respectively, while the top losers of Group A include BHUSHAN STEEL LTD and IOB with a decrease of 4.97% and 4.80% along with JPPOWER and INDIAN BANK with a decrease of 4.70% and 4.69% at the close of the markets. The Auto sector is up 39.99 points at 17,289.97 while the banking sector is up 13.64 points at 18,003.68 and the reality sector is down 33.55 points at 1,727.44. The Indian currency is down 0.21% at Rs 60.58 per dollar. Aug 28, 2014
bse-closes-points-117-34-up-on-august-27

BSE closes points 117.34 up on August 27

New Delhi, August 27 (ANI): Trading at the Bombay Stock Exchange today closed 117.34 points up to stand at 26,560.15. At the National Stock Exchange the Nifty closed 31.30 points up to stand at 7,936.05. BEL and HAVELLS were among the top gainers of Group A with an increase of 20.00% and 8.60% along with TORRENT POWER LTD. and JAIN IRRIGATION SYSTEMS LTD. with an increase of 6.96% and 6.03% respectively, while the top losers of Group A include UCO BANK and BHUSHAN STEEL LTD. with a decrease of 7.98% and 4.99% along with DLF and ADANIPORTS with a decrease of 4.33% and 3.32% at the close of the markets. The Auto sector is up 132.99 points at 17,243.95 while the banking sector is up 90.87 points at 17,986.64 and the reality sector is down 24.69 points at 1,760.34. The Indian currency is up 0.05% at Rs 60.46 per dollar. Aug 27, 2014
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