IPPB will leverage reach of 1.55 lakh post office branches to provide banking and financial service to people in rural areas. This will create the country's largest banking network with direct presence at village level.

Prime Minister Narendra Modi on August 21 will launch long-awaited India Post Payments Bank (IPPB) that will have at least one branch in every district and focus on financial services in rural areas, a senior official said.

You can set up a maximum security biometric identity system in a high security facility with all round controlled access but the moment you take it to a national level, it develops any number of leakage points.

In the amended Customer Due Diligence (CDD) procedure, RBI said, \"The Aadhaar number, the PAN or Form No. 60\" need to be obtained from an individual who is eligible for applying for the biometric ID.

The central government is failing to ensure timely payments for the work carried out by labourers under the Mahatma Gandhi National Rural Employment Guarantee Act (MN-NREGA) scheme in the past few months, complains a civil society group.

A coalition of civil society groups has asked Narendra Modi government to announce a Rs 200,000 crore agricultural debt relief package in the forthcoming Union Budget 2018.

The Budget Session of Parliament kicks-off today and the Economic Survey, the government's report card on economic performance in the past year, will be tabled soon.

ICRA's note on pre-budget expectations says that the agency expects enhanced allocations for infrastructure, such as affordable housing, roads, railways, ports, inland waterways and smart cities, to help jumpstart investment activity and economic growth in India.

Only 32 percent of the labour charges due to the workers for completed jobs have been paid on time during the first two quarters of 2017-18, an analysis carried out by a team of researchers say.

Noted economist and former vice chairman of Niti Aayog Arvind Panagariya expects the economy to grow by over 6.5 per cent in the current financial year. He said the macro-economic indicators have remained stable for the past 3 years with current account deficit hovering around 1 per cent and inflation moderating.

Bangalore-based civil society group The Centre for Internet and Society (CIS) has expressed concerns over the lack of security features associated with Aadhaar-linked financial transactions.

With country grappling with the after effects of job losses in the informal sector post demonetization, the highest ever budget allocation of Rs 48,000 crores for Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) might not well be enough.

SME sector witnessed slowdown post demonetisation, resulting in fall in production, wages and employment, according to a study by the India Development Foundation.

In an surprise address to the nation on Tuesday, Prime Minister Narendra Modi announced that currencies with denomination of Rs 1000 and Rs 500 would not be legal tender from midnight. Prime Minister also said that hospitals will be allowed to take currencies of these denominations till November 11.

Plantation drive on 1 lakh km of highways under the National Green Highways Mission will create jobs for 10 lakh youth and prove to be a game-changer for the rural economy, Union Minister Nitin Gadkari on Friday said.

A steady decline in people willing to take to monster steering wheels is shaping up as another unexpected crisis for the embattled Indian economy. Worse, there appears to be no quick fix.