Those who drew an honorarium of Rs 3,000 will from now on get Rs 4,500 and those who used to get Rs 2,200 will get Rs 3,500, he said. The honorarium of Anganwadi helpers will be hiked from Rs 1,500 to Rs 2,500, says the PM.

During his Independence Day speech on 15th August 2014, Prime Minister Modi announced the establishment of PMJDY as a scheme meant to increase banking penetration, promote financial inclusion and provide at least one bank account per household across the country in four years.

The study compared nine metropolitan cities around the world which have operational Metro systems and where cost of a 10-km trip costs less than half a dollar.

As the rain fury abates and the flooding starts to recede in Kerala - ravaged by the worst monsoon in close to a century - the insurance industry braces up for a deluge of claims.

State Bank of India is using technology ggressively to reach out to remote areas of the country.

Recent Union Budgets have focussed significantly on social security measures with the objective of moving towards a universal social security system for all, especially the poor and the underprivileged.

The good news is you can secure your house help's future for the princely sum of Rs 250.

Finance Minister Arun Jaitley on Sunday said JAM (Jan Dhan, Aadhaar and Mobile) trinity has ushered in a social revolution which will eventually bring all Indians into a common financial, economic and digital space

Positive effects of GST will help increase the outreach of insurance in India, where per capita premium underwritten in dismal, writes Rakesh Jain, Chief Executive, Reliance General Insurance.

The direct benefit transfer programme has resulted in Rs 50,000 crore savings for the government in the last three years as funds were directly transferred to 32 crore needy people, BJP President Amit Shah has said.

\"The Finance Minister will review the first quarter performance of public sector banks and financial institutions on September 16,\" sources said.

Jaitley would \"review the overall performance of PSBs during the financial year 2015-16 as well as with regard to the flow of credit to agriculture, insurance and MSE sectors among others\", the statement said.

The meeting comes against the backdrop of state-owned banks posting more than Rs 20,000 crore losses in the fourth quarter of the 2015-16 fiscal alone. Few more banks, including SBI and Canara Bank, are yet to announce their annual numbers.

The government could encourage customers to buy insurance by providing higher risk covers and tax exemptions.