THE VOICE OF THE YOUTH
Microcredit is basically the provision of thrift, credits and other financial benefits to the very poor in the society. This in turn gives them the ability to be independent and take good care of their families. Microcredit is a way of creating entrepreneurship among the poor…
In 2007, India experienced a commendable growth-rate of over 9% and in 2008, above 7%, thus becoming the fastest growing economy, only second to China. However, this growth has not translated into better standards of living…
The world’s second largest populated country, India, is the apple of the eye for the world now. The world economies are seeing it as their potential market. This has been going on since quite some time now, ever since 1991 reforms of liberalization, globalization and privatization…
The microfinance sector in India is still in the process of development. Though self-help groups have come up in various parts of the country, the sector is largely unorganized as of now. Both microfinance institutions and self-help groups…
The financial sector is under a bear attack. Over the past few days, Wall Street (the financial nerve centre of the US) has been reeling under a severe financial crisis. World’s biggest financial …
The old people should be self sufficient as in today’s time and ironically, they are among the most vulnerable groups in India. A dominant trend amongst Indians is usually to invest their funds in health, housing etc, and to save very little for the old age…
RBI has taken serious and effective measures to simplify and popularize the plastic money. RBI has made the ATM service free for all the customers of the same bank with immediate effect. Also, balance enquiry has been made free of charge from all the banks’ ATMs with immediate effect…
The expected merger of the HDFC Bank with the Centurion Bank of Punjab (CBoP) is believed to broaden the scope and reach of HDFC by crediting to its already well-distributed network. The HDFC Bank, which currently spans India with its chain of 746 branches, will add to itself 394 branches of the CBoP, to make its network bigger and stronger…
“Growth alone is not enough if it does not produce a flow of benefitsthat are sufficiently wide-spread. We, therefore, need a growth process that is muchmore inclusive” This is what our Prime Minister, Dr. Manmohan Singh proclaimed in a speech on the eve of declaring the Budget last year. In the 21st Century, the Indian Economy is one of the fastest growing economies in the world with a growth rate of about 8%. Nations across the world have deemed India as the ‘next economic power’ of the world. There is definitely a sense of optimism and aggression that our economy is portraying. However, this is an India which has been split into two worlds. One world, which is hungry for more and is touching the skies, whose appetite has stunned the world, and…
