Pradhan Mantri Jeevan Jyoti Bima Yojana

Govt to provide more funds to social security schemes, says Jaitley

The finance minister said that so far, 7.84 crore people have registered under PMSBY, 2.70 crore under PMJJBY and 4.69 lakh subscribers have joined APY.

Loans may become cheaper as Jaitley hints at further rate cuts by banks

The government, Jaitley said, would also consider favourably the demand of public sector banks for more capital infusion, over and above what was earmarked in the budget for 2015-16.

Jaitley to meet heads of public sector banks on Friday

The sources said Jaitley will also deliberate on the issue of non-performing assets (NPAs) and discuss ways to contain this.

PM in Kolkata: With Mamata by his side, Modi launching 3 new social security schemes

After providing bank accounts to 15 crore unbanked people, Prime Minister Narendra Modi on Saturday launched three social security schemes, including an insurance cover for less than Re 1 per day, and said that the poor "need empowerment, not aid".

Union cabinet clears three mega social security initiatives

The Union Cabinet on Wednesday gave approval to three mega social security initiatives — one pension and two insurance schemes — to be launched by Prime Minister Narendra Modi on 9 May.

'Tax terrorism' ends? Jaitley offers relief to MAT-hit FIIs, vows 'extremely simplified' ITR form

Seeking to calm investor jitters, Finance Minister Arun Jaitley on Thursday offered tax relief to FIIs by exempting some of their income from MAT and announced that an "extremely simplified" income tax return form will soon replace the controversial 14-page ITR that sought details of all bank accounts and foreign trips.

Bank of India hints at 10-25 bps cut in base rate

The bank has already opened more than 1.82 crore accounts under various financial inclusion initiatives, out of which 70.2 lakh accounts have opened since the launch of the Jan Dhan Yojana, Bank of India chairman and managing director Vijaylaxmi Iyer said.