News: Inequality in India is rising. Covid has exacerbated the issue. What are the latest findings? The latest edition of the World Inequality Report shows that the top 10% earn 57% of national income, and within that top 1% earns 22% while the bottom 50% earn only 13% of the income. This deeply impacts social… Continue reading How the pandemic has worsened inequality in India
Tag: Financial Inclusion
PM launches 2 RBI schemes. All about the central bank initiatives
What is the News? Prime Minister has launched two innovative customer-centric initiatives of RBI, viz. Retail Direct Scheme and the Reserve Bank – Integrated Ombudsman Scheme. What is a Retail Direct Scheme? The Retail Direct Scheme allows retail investors to invest in government securities (G-Sec) by opening a gilt security account with the RBI. The… Continue reading PM launches 2 RBI schemes. All about the central bank initiatives
Creative destruction’ dents inclusion, ups output: Das
What is the News? The Reserve Bank of India(RBI) Governor has delivered his keynote address at the National Management Convention of the All India Management Association (AIMA). What are the key highlights of his address? On Covid-19 Impact The Covid-19 has impacted the poor relatively more than others. It has affected contact-intensive service sectors, which… Continue reading Creative destruction’ dents inclusion, ups output: Das
How to boost financial inclusion
Synopsis: Greater flexibility in financial products will lead to greater inclusion of nano-enterprises, a segment which is critical to the growth of our rural economy. Introduction There are 63.4 million MSMEs in India, 99% of which are micro enterprises with less than Rs 10 lakh in investment. These tiny businesses are run by nano-entrepreneurs, a… Continue reading How to boost financial inclusion
India’s digital architecture: From infrastructure to superstructure
Synopsis: To support our ecosystem for financial inclusion, we need to factor in the enablers and account aggregation. Introduction India’s asset monetization initiative, the National Monetisation Pipeline has garnered attention but other two recent initiatives which are far more substantive did not get their fair share of it. One was the Factoring Bill amendments and… Continue reading India’s digital architecture: From infrastructure to superstructure
7 years of PM Jan Dhan Yojana
Source: This post is based on the article “7 years of PM Jan Dhan Yojana” published in the PIB on 28th August 2021. Relevance: To Understand PMJDY Recently, PM Jan Dhan Yojana (PM-JDY) has completed its 7 successful years of implementation. What is PMJDY? It is National Mission for Financial Inclusion to ensure access to… Continue reading 7 years of PM Jan Dhan Yojana
Beyond bank accounts
Source: Business Standard Relevance: RBI has published the Financial Inclusion Index (FI- Index) Synopsis: Given the need to attain equitable growth, it is important to Focus on financial inclusion. The study of RBI report becomes important in this regard. Click here to read about FI-Index What is the need for Financial Inclusion? Financial Inclusion is the… Continue reading Beyond bank accounts
Reserve Bank launches index to capture financial inclusion
Source: Livemint and Business Standard What is the News? The Reserve Bank of India has released India’s First composite Financial Inclusion Index (FI-Index). About Financial Inclusion Index(FI-Index): Released by: Reserve Bank of India(RBI) Aim: To capture the extent of financial inclusion across the country. Parameters: The index comprises three broad parameters — access (35% weightage),… Continue reading Reserve Bank launches index to capture financial inclusion
7 PM Daily Editorials Brief – May 29, 2018 (Pradhan Mantri Jan Dhan Yojna: An Analysis)
Read In-depth analysis of all the Editorials here Source : The Jan-Dhan Yojana, four years later Analysis : Pradhan Mantri Jan Dhan Yojna: An Analysis
