Latest news with #SVANidhi
Time of India
a day ago
- Business
- Time of India
E-lottery to allot spaces in Morabadi vendor market today
1 2 Ranchi: The Ranchi Municipal Corporation (RMC) will conduct another round of lottery on Tuesday to allot 60 vending spaces at the newly built Morabadi Vendor Market on Tuesday. The draw will take place through an e-lottery system, as per the approved list recommended by the RMC's vendor committee, officials said. In the second phase of the allotment process, 235 applications were received, of which 60 vendors have been selected. Earlier, 161 vendors had been allotted shops in the first phase of lottery. The market, built at a cost of Rs 1.36 crore, aims to provide organised vending spaces and reduce roadside encroachment. Selected vendors are required to attend the lottery with their Aadhaar cards, survey receipts, and PM SVANidhi vendor ID cards. The final list of names has been published on the RMC website and notice board. "This market is an important step towards streamlining vending activities in Morabadi. The transparent lottery system ensures fairness, and we expect all selected vendors to cooperate and join on time with their required documents," said Sanjay Kumar, the additional municipal commissioner of the RMC. Officials said the market is expected to boost hygiene, improve traffic flow, and support the livelihoods of local vendors. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
India.com
24-07-2025
- Business
- India.com
Masterstroke by Yogi Adityanath, gives financial empowerment to women in UP, approves stamp duty rebate on property up to…
New Delhi: In a major move, the Yogi Adityanath-led Uttar Pradesh government has approved a major change in stamp duty policy aimed at promoting women's ownership of property. According to the reports, the state Cabinet cleared a proposal to provide 1 percent stamp duty rebate on property transactions valued up to Rs 1 crore when the property is registered in a woman's name. To recall, this exemption was earlier applicable only on property worth up to Rs 10 lakh, with a maximum rebate of Rs 10,000. With this extended limit, the Yogi government is expecting participation of more families to register homes and land in the name of female family members. Here are some of the key details: The main aim of the government is to promote not just symbolic inclusion but formal financial and legal recognition of women within households The move will give a structural push toward economic security The stamp duty waiver aligns with the state's broader efforts over recent years to improve women's participation in education, employment, and entrepreneurship. Yogi government's efforts to empower women: In higher education, 28.75 lakh female students have enrolled in UP institutions for the 2024-25 academic year This is 4.2 lakh more than male students. The government has backed 8.42 lakh women-led self-help groups, and data shows that over 51% of registered startups in the state are founded by women. According to the reports, in government sectors such as health, education, and police services, Women now make up an estimated 18-20 percent of the workforce. The female labour force participation rate has reached 36%, reflecting a steady expansion into formal and informal work. Social schemes show targeted outreach Over 23.4 lakh girls have benefited from the Kanya Sumangala Yojana. Nearly 31 lakh women receive support under the Nirashrit Mahila Pension Scheme. 2 lakh+ women have accessed loans under PM SVANidhi.
Hans India
01-07-2025
- Business
- Hans India
SBI's balance sheet size bigger than GDP of 175 countries: Data
New Delhi: The State Bank of India (SBI) currently adds 1.1 per cent of global GDP and 16 per cent of India's GDP, the nation's largest bank said on Tuesday, adding that in all the government-sponsored social security schemes implementation, the bank now holds more than 25 per cent share. In the Pradhan Mantri Jan-Dhan Yojana (PMJDY), the SBI has opened 15 crore accounts, has enrolled 14.6 crore people under the Pradhan Mantri Suraksha Bima Yojana (PMSBY), 6.7 crore under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and 1.73 crore in Atal Pension Yojana (APY). The bank constitutes 40 per cent profit of all public sector banks (PSBs) in FY25 and a 2.53 per cent contribution in corporate income tax (AY26), according to the report. "With 52 crore-plus customers, SBI is larger than the population of the United States of America and the third most populous country on Planet Earth. The SBI's balance sheet size is bigger than the GDP of 175 countries," revealed the data shared by the bank. The balance sheet of the nation's largest financial institution has soared to Rs 66 lakh crore in its 70th year of operation. The SBI YONO app registrations have reached 8.8 crore, and are growing, making the SBI the 18th most populous nation in terms of YONO customers, according to the bank. Finance Minister Nirmala Sitharaman congratulated the SBI on completing 70 years of service to the nation. "With over 23,000 branches, 78,000 Customer Service Points (CSPs) and 64,000 ATMs, SBI's footprint today is formidable and it is truly the Banker to every Indian. The digital transformation it has achieved in the last decade has been immensely beneficial to its customers," she said in a post on social media platform X. The SBI has also been instrumental in supporting 1.5 crore farmers, 1.3 crore Self-Help Groups (SHGs) led by women, 32 lakh street vendors under PM SVANidhi, 23 lakh MSMEs, and lakhs of artisans across various schemes, the Finance Minister said. Meanwhile, SBI Mutual Fund, India's leading asset management company, on Tuesday announced the launch of SBIMF SmartAssist, an AI-powered conversational assistant available on WhatsApp. Designed to simplify every stage of the mutual fund journey, SmartAssist helps users learn about mutual funds, invest, and manage their portfolios — all through a simple, WhatsApp chat-based experience. "With the launch of SmartAssist – our AI-powered WhatsApp chatbot, we are bringing the power of AI directly to our investors, making mutual fund investing more intuitive and accessible. This is a significant step in our journey to enhance investor experience and adopt tech for growth and efficiency," SBI Mutual Fund MD and CEO Nand Kishore said.
India.com
01-07-2025
- Business
- India.com
SBIs Balance Sheet Size Bigger Than GDP Of 175 Countries: Data
New Delhi: The State Bank of India (SBI) currently adds 1.1 per cent of global GDP and 16 per cent of India's GDP, the nation's largest bank said on Tuesday, adding that in all the government-sponsored social security schemes implementation, the bank now holds more than 25 per cent share. In the Pradhan Mantri Jan-Dhan Yojana (PMJDY), the SBI has opened 15 crore accounts, has enrolled 14.6 crore people under the Pradhan Mantri Suraksha Bima Yojana (PMSBY), 6.7 crore under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and 1.73 crore in Atal Pension Yojana (APY). The bank constitutes 40 per cent profit of all public sector banks (PSBs) in FY25 and a 2.53 per cent contribution in corporate income tax (AY26), according to the report. "With 52 crore-plus customers, SBI is larger than the population of the United States of America and the third most populous country on Planet Earth. The SBI's balance sheet size is bigger than the GDP of 175 countries," revealed the data shared by the bank. The balance sheet of the nation's largest financial institution has soared to Rs 66 lakh crore in its 70th year of operation. The SBI YONO app registrations have reached 8.8 crore, and are growing, making the SBI the 18th most populous nation in terms of YONO customers, according to the bank. Finance Minister Nirmala Sitharaman congratulated the SBI on completing 70 years of service to the nation. "With over 23,000 branches, 78,000 Customer Service Points (CSPs) and 64,000 ATMs, SBI's footprint today is formidable and it is truly the Banker to every Indian. The digital transformation it has achieved in the last decade has been immensely beneficial to its customers," she said in a post on social media platform X. The SBI has also been instrumental in supporting 1.5 crore farmers, 1.3 crore Self-Help Groups (SHGs) led by women, 32 lakh street vendors under PM SVANidhi, 23 lakh MSMEs, and lakhs of artisans across various schemes, the Finance Minister said. Meanwhile, SBI Mutual Fund, India's leading asset management company, on Tuesday announced the launch of SBIMF SmartAssist, an AI-powered conversational assistant available on WhatsApp. Designed to simplify every stage of the mutual fund journey, SmartAssist helps users learn about mutual funds, invest, and manage their portfolios — all through a simple, WhatsApp chat-based experience. "With the launch of SmartAssist – our AI-powered WhatsApp chatbot, we are bringing the power of AI directly to our investors, making mutual fund investing more intuitive and accessible. This is a significant step in our journey to enhance investor experience and adopt tech for growth and efficiency," SBI Mutual Fund MD and CEO Nand Kishore said.
Time of India
13-06-2025
- General
- Time of India
Footpath or food court? Saket residents fight for pedestrian space
New Delhi: In Saket, around D and E Blocks, footpaths are plenty — or at least, they appear to be. From afar, the area boasts a well-developed pedestrian infrastructure. But by noon, much of it vanishes beneath something else: a dosa cart here, a fruit stall there, and in some spots, a full-blown dhaba sprawled across the walkway. Tired of too many ads? go ad free now By evening, it becomes a slalom course, not for vehicles, but pedestrians trying to dodge food stalls, parked bikes and even a public toilet planted mid-footpath. For Anantnala Potdar, an evening walk is no longer possible. "The path used to be wide and smooth. Now I'm scared I'll fall if I try to walk there. It's not a footpath anymore. It's a food court," she said, gesturing towards the row of street carts. Just ahead of her was a street vendor selling fruits. He has been here for over two decades. He said: "I've worked here for 23 years. I even took a loan under the PM SVANidhi scheme. This spot is mentioned on my certificate. Where else am I supposed to go?" His eyes well up. "This isn't a hobby. It's our rozi roti. I have two kids. Give us a proper space, and we'll go. But don't just push us out overnight." Anantnala acknowledged the importance of street vendors but emphasised the need for balance. Certificates are okay, but before that, vending spots and respecting pedestrian needs are also important, she said. MCD must look for a balanced approach. Her concerns highlighted the growing issue of pedestrian safety and accessibility in the area. Caught between these two worlds — the need to walk safely and the need to earn — are Delhi's footpaths, shrinking with each passing day. Now, resident welfare associations (RWAs) are raising their voices against the encroachment of footpaths. A campaign has been launched by RWAs. They are demanding the removal of encroachments from footpaths. The campaign includes some days of standing with placards reading "Counsellors take action, footpaths for people, not for vendors or parking,". Tired of too many ads? go ad free now On other days, it involves a series of complaints to either the MCD or the police, and social media posts, tagging officials online. Rakesh Dabas, president of the federation of RWAs, Saket, said that due to encroachments, people are forced to walk on roads, risking accidents. He added that they have started a campaign involving constant complaints with authorities. Although complaints are often lodged with the authorities, action is either delayed or not taken. Therefore, this time a social media campaign has been launched. He added that the main demand is for footpaths to be freed of encroachments and for walking paths to be properly marked on the roadside. The vendors continue showing their Tehbazari certificates — the proof that govt allowed them to be there. "We're not hiding. We just need a proper place to stand," one vendor said. "We try not to block the footpath either." "The stalls are here not just for 2-3 but 40 years. Where do we go? The certificate is by MCD. Further, we just need a place to sell. If footpaths are getting encroached, send us to a nearby place. We will sell there." Arbind Singh, national coordinator of the National Association of Street Vendors of India (NASVI), said: "Just a blank statement—street vendors can't be on the footpath — is not right. They should be able to operate within designated spaces while ensuring pedestrian movement is not obstructed. The tehbazari certificate and vending certificate are mostly the same. So, while residents' demand for footpath space is correct, street vendors are also not wrong. MCD must come up with vending spots or zones. In the end, respecting the needs of all is crucial, and it should be a balanced approach. Also, it's not just vendors encroaching on footpaths." An MCD official said: "We have previously conducted joint actions with the police and are planning more regular enforcement drives in the coming days." However, they did not respond to questions about certificates, mentioning specific site addresses or the creation of designated vending zones. Local police did not respond. However, it's not just Saket. Footpath encroachment is a citywide concern. From street vendors to improper parking outside big showrooms, this has become a norm in the city.
