Government using Amitabh Bachchan in a big way to push programmes. After being out of favour in government advertisement campaigns for over a decade of UPA rule, Bollywood legend Amitabh Bachchan is back with a bang. The NDA launched the iconic actor in two advertisements and one campaign for the Narendra Modi government in the […]
10.17 cr people enrolled under 2 social security schemes: FM
10.17 cr people enrolled under 2 social security schemes: FM. Two lakh people have joined Atal Pension Yojana, too, says Arun Jaitley Over 10 crore people have been enrolled under the two social security schemes launched by Prime Minister Narendra Modi in May. On 9 May, Modi had launched two insurance schemes—Pradhan Mantri Jeevan Jyoti […]
NPS corpus grew by ₹25000 cr in 2014-15, says PFRDA chief
NPS corpus grew by ₹25000 cr in 2014-15, says PFRDA chief Expects assets under management to grow this year by ₹40,000-50,000 cr The subscriber base of the National Pension System (NPS) increased by about 18 lakh and its corpus grew by about ₹25,000 crore in FY15, according to Hemant Contractor, Chairman, Pension Fund Regulatory and […]
Devising capital protection scheme to allay fears of volatility eating into NPS: Hemant G Contractor
Devising capital protection scheme to allay fears of volatility eating into NPS: Hemant G Contractor The pension fund regulator is devising a capital protection scheme to allay subscribers’ fears of market volatility eroding their investment in the National Pension Scheme (NPS). The pension fund regulator is devising a capital protection scheme to allay subscribers’ fears […]
Making financial inclusion viable
Making financial inclusion viable Recently launched social schemes can improve business for rural banking outlets Financial inclusion has been high on the Modi-led Government’s agenda. Apart from mandating banks to open more accounts in rural areas, the Centre is also pitching to make financial inclusion initiatives more viable this time around. For one, the government’s […]
Is thoughtless introduction making pension system lose its credibility?
Sporadic launching of popular social security schemes has become a fashion for governments. The recently launched Atal Pension Yojana, will definitely provide some work and funds to the administrators of NPS and but may not to the subscribers Eventually India has to debate the rationale for back-door introduction of National Pension System (NPS), denying an […]
Should you invest in Pradhan Mantri Jeevan Jyoti Bima & Suraksha Bima Yojana?
Since the target audience for these schemes is a low strata of the society, it is not advisable for those belonging to the middle class or upper middle class, whose life insurance needs are much more. Prime Minister Narendra Modi announced three major social security schemes which would an an extension to Pradhan Mantri Jan-Dhan […]
Centre’s insurance schemes a huge success in Goa
More than ten per cent of bank account holders in Goa have enrolled themselves for the Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (APY), according to latest information received by ‘The Navhind Times.’Actual percentage may even be higher, as of the 22.75 lakh bank account […]
Maximising the post office
Instead of hamstringing public sector banks with social schemes, it is time to transfer many of these financial tasks to India Post. Public sector bank employees are so overwhelmed by the sheer number of government-sponsored schemes they are saddled with, that they have begun to come up with parodies. One such spoof scheme is what […]
Inclusion and opportunity
To be a catalyst for growth, financial inclusion must also be commercially viable. The opening of more than 11.5 crore bank accounts under the Jan Dhan Yojana (JDY) in less than a year is no doubt a tremendous achievement. It has been nearly 10 years since the term “financial inclusion” started gaining currency in Indian banking. […]
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