Search Results for: China-Pakistan Economic Corridor

Prime Minister Narendra Modi

PMJDY: A Decade of Financial Inclusion in India

The Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme, launched in 2014, has integrated over 53.14 crore economically marginalized individuals into mainstream banking. The scheme has seen a 3.6-fold growth in accounts, providing access to formal banking services and promoting financial inclusion. The PMJDY scheme has also promoted gender equality and rural inclusion, with 67% of accounts opened in rural or semi-urban areas and 55% by women. The success of PMJDY in promoting financial inclusion in India is comparable to similar initiatives globally, like M-Pesa in Kenya and Grameen Bank in Bangladesh. Aug 28, 2024
IMF Boosts Egypt's Economy with $820 Million Aid

IMF Boosts Egypt's Economy with $820 Million Aid Amid Regional Tensions

The IMF has approved a disbursement of $820 million to strengthen Egypt's economy. This aid is part of an $8 billion loan program agreed upon in March to help Egypt deal with regional tensions. Despite Egypt's economic progress, the IMF warns of the challenging regional environment it continues to face. Aug 27, 2024
Telegram founder Pavel Durov faces up to 20 years in prison if convicted

Telegram Founder Durov Arrested Amid Privacy Controversy

Pavel Durov, the Russian-born founder of the popular encrypted messaging app Telegram, has been arrested in France. Durov, who also created the social media platform VKontakte, was apprehended at Le Bourget Airport outside Paris, immediately after he disembarked from his private jet. Aug 25, 2024
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