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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

Modi Launches Jan Dhan Yojana: 1.5 Crore Bank Accounts Opened

Modi stated that the scheme will help get rid of financial untouchability in the country.

Aug 28, 2014

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

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

GTA 5 Online Heists DLC Update: Rumour Roundup, Release Date, Fan Wishlist

Rumours and possible clues of GTA 5 Online's eagerly awaited Heists DLC.

Aug 28, 2014

It's an UPA scheme: Congress on Jan Dhan Yojna's launch today

Aug 28, 2014

PM Modi to launch 'Jan Dhan Yojna' today

New Delhi, Aug 28 (ANI): Prime Minister Narendra Modi will formally launch the 'Pradhan Mantri Jan Dhan Yojana ' across the nation on Thursday, under which the government would provide every household with a bank account and an insurance cover. The scheme, to be launched across the country simultaneously, will benefit every household. Each account holder will be provided with a 'RuPay' debit card and Rs 1 lakh accident cover. Hailing the ambitious project, BJP leader Nalin Kohli said that Jan Dhan Yojna is an important step towards financial inclusion. Government believes in action and will deliver the promises it made. Telecommunications and IT Minister Ravi Shankar Prasad said that the government is committed to the welfare of people, the whole idea is to put India on the path of growth and progress.

Aug 28, 2014

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

Banks Reduce Interest Rates for Home Loans above ₹75 lakh

Under the renewed scheme, 10.15 percent will be the standard rate for all home loans.

Aug 27, 2014

Arun Jaitley stresses on capital increase from ADB

New Delhi, Aug 27 (ANI): Finance Minister Arun Jaitley met Asian Development Bank (ADB) President Takehiko Nakao in New Delhi and discussed the need for capital increase in the bank to maintain a lead role in development financing in Asia. Nakao is on a three-day visit to India and is scheduled to meet Prime Minister Narendra Modi on Wednesday to discuss the government's development agenda and how ADB can support the government's vision. This is his third visit to India in his capacity as ADB's President. At his meeting with Jaitley, Nakao assured support from the ADB to partner India's development strategies and aspirations through delivery of a diversified programme of financing, knowledge exchange and capacity building. Meanwhile, Jaitley complimented Nakao for his efforts to pursue the MTR of Strategy 2020.

Aug 27, 2014