Finmin launches campaign for saturation of financial inclusion scheme at panchayat, urban local body level
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
The finance ministry on Tuesday launched a nationwide campaign for the saturation of Financial Inclusion (FI) schemes at the gram panchayat (GP) and urban local body (ULB) level.The Department of Financial Services (DFS) under the finance ministry organised events at 33 locations across the country.The event witnessed participation from public representatives, state government officials, SLBC conveners, bankers and beneficiaries, DFS said in a statement.In Gujarat, Chief Minister Bhupendra Patel graced the event virtually, it said.The campaign will conclude on September 30 covering all 2.70 lakh GPs & ULBs in the country, it said.During this period, the campaign will cover activities such as re-KYC of all saving bank account holders and opening of bank accounts for unbanked adults under PMJDY On first day of the saturation campaign, camps were held in 2087 GPs across the country.The camps received warm response from the beneficiaries nationwide, it added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
5 hours ago
- Time of India
PM launches 'Sudarshan Chakra' Mission for national security shield
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel In a significant announcement that will have far reaching consequences for the future of the armed forces and defence of the nation, Prime Minister Narendra Modi announced a new mission that will identify and induct future weapons over the next decade to provide a comprehensive national security shield Naming it the Sudarshan Chakra Mission , the PM said the entire system will be developed and manufactured in India and will also include precision strike elements , besides ensuring the security of both strategic and civilian establishments like hospitals, railway networks and centres of faith."Whatever technology comes to attack us, our technology should prove to be better than that and hence, in the coming 10 years, till 2035, I want to expand this national security shield, strengthen it, modernise it and hence, taking inspiration from Lord Shri Krishna, we have chosen the path of the Sudarshan Chakra," the PM said from the ramparts of Red PM also made a strong case for self-reliance in the defence sector , pointing out that India was able to carry out Operation Sindoor due to home grown weapons and did not have to go out to the world for arms to prepare for the strike. Significantly, the PM announced a strong determination to develop an indigenous fighter jet engine , which is the basic element for developing future fighter PM shared that some basic elements of the Sudarshan Chakra mission have already been decided and the project will be taken up with great intensity over the next PM added that the system will be designed keeping in mind the changing nature of warfare and that it would also have the capability of conducting targeted precision action if required. While further details are yet to be shared, the comprehensive system is likely to include different elements of modern warfare, including cyber defence and offence, space-based assets, close range and long range anti drone systems, offensive drone capabilities and integration of a tri service missile force.
Time of India
5 hours ago
- Time of India
Modi calls for self-reliance in space sector
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Prime Minister Narendra Modi on Friday said India is working towards self-reliance in the space sector and preparing for the launch of Gaganyaan, an indigenously developed spacecraft for its human space flight mission."India is actively working on the Gaganyaan mission and is also planning its own space station," Modi said in his Independence Day speech from the Red Fort. "We must come together to change the destiny of our country. I appeal to the youth: step forward and contribute to this mission of national transformation."Gaganyaan will take a crew of three astronauts into a three-day orbit of the earth at an altitude of 400 km in also congratulated astronaut Shubhanshu Shukla on his mission to the International Space Station. He highlighted the impact of space sector reforms, with about 300 startups working in the space leaders welcomed the remarks, saying the momentum could help achieve the target of a $44-billion space economy by 2033. Former ISRO chairman S Somanath, who spearheaded the 2023 space reforms through the Indian Space Policy , told ET that Modi's comments underline how the sector is "not just creating jobs and economic value, but also promoting the scientific temper".
Time of India
7 hours ago
- Time of India
Air Canada, flight attendants at impasse with strike looming
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The prospect of a systemwide work stoppage by Air Canada's unionized flight attendants loomed large on Friday with a strike deadline just hours away, despite a government plea for the two sides to return to the bargaining table. Canada's largest carrier has said it expects to cancel 500 flights by the end of the day, ahead of a threatened strike just before 1:00 a.m. ET on Saturday, leaving some 100,000 passengers to find travel Canada has asked the minority Liberal government of Prime Minister Mark Carney to order both sides into binding arbitration. The Canadian Union of Public Employees , which represents the attendants, said it opposed the move."The mere prospect of ministerial intervention has had a chilling effect on Air Canada's obligation to bargain in good faith," said the union, which made clear in advance that it would reject the data showed Air Canada had cancelled 174 flights as of 1:00 p.m. ET on Friday (1700 GMT). A further 94 were carrier's 10,000 flight attendants are gearing up to walk off the job over stalled contract talks. The union is demanding higher wages and compensation for unpaid work.A strike would hit Canada's tourism sector during the height of the summer travel season and test Carney. Recording studio owner Robyn Flynn, 38, told Reuters that her Friday afternoon flight from St. John's in the province of Newfoundland and Labrador to Montreal had been delayed twice. Despite the inconvenience, she said she backed the attendants."They deserve a salary increase ...and if our flight gets cancelled, I 100% blame Air Canada, not the flight attendants," said Flynn, travelling with her three-year-old Canada Labour Code gives Jobs Minister Patty Hajdu the right to ask the country's Industrial Relations Board to impose binding arbitration in the interests of protecting the the board is independent, it routinely agrees to request for arbitration once it has studied the matter, a process that can take a few Toronto region Board of Trade called on Ottawa to step in, saying a strike would hurt Canada's global Justin Trudeau, Carney's predecessor, the government intervened quickly last year to head off rail and dock strikes that threatened to cripple the economy."(Ottawa) might decide to use that, but it's not as pressing an economic issue for the country as when the railway or the ports were on strike," said Rafael Gomez, director of the University of Toronto's Centre for Industrial Relations and Human Resources. "The stakes are not as fraught."In a note, TD Cowen analyst Tom Fitzgerald estimated a three-day strike could cost the airline C$300 million in EBITDA, referring to earnings before interest, depreciation, taxes and in the airline were trading up by almost 1.50% at 12:45 p.m. ET on Friday on the stock dispute hinges on the way airlines compensate flight attendants. Most have traditionally paid them only when planes are in in their latest contract negotiations, flight attendants in North America have sought compensation for hours worked, including for tasks such as boarding passengers and waiting around the airport before and between Canada and its low-cost affiliate Air Canada Rouge normally carry about 130,000 customers a day. Air Canada is also the non-U.S. carrier with the largest number of flights to the U.S., despite recent cutbacks in travel there from Canada due to trade tensions.
