ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources. To find details follow the link.
BANKING
NEW DELHI: The proposed payments
banks will change banking habits in the country as more and more people
entering formal banking network would act as a "game-changer" for the
economy, Finance Minister Arun Jaitley said today.
BUSINESS
New Delhi: The Reserve Bank of India (RBI) on
Wednesday granted `in-principle` approval to 11 entities, including Reliance
Industries, Aditya Birla Nuvo and Department of Posts, to set up non-lending
payments banks as part of the financial inclusion drive.
Masdar city: Making an appeal to
businessmen to invest in India, Prime Minister Narendra Modi assured them that
India is a land of many opportunities. "125 crore people of India are not
a market but they are a source of great strength," he said.
. FINANCE
The
Kolkata-based BFS got Reserve Bank of India (RBI)
approval to start commercial banking operations last year.The launching of
commercial banking services will allow 500 BFS branches to start functioning
across the country.
INDIAN BUSINESS
Hyderabad: Facebook Inc. India
on Monday said it is increasing its investments in small businesses in the
country with the first of many Small Business Boost events.
INSURANCE
A new health insurance scheme
for masses will be launched by the government. While the name of the scheme is
not known, it is proposed to be a cashless scheme with premiums as low as Rs
1000 for a family of five (without a senior citizen) for a cover of Rs 50,000.
For those with one or more senior citizens, a cover of Rs 1 lakh would cost Rs
2,400, whereas for a family without senior citizens the Rs 1 lakh cover would
be available for Rs 1,600.
INDIAN MANAGEMENT
In a three-month pilot project launched earlier
this year, about 200 students at the Hyderabad campus of the Birla Institute of
Technology and Science, colloquially known as BITS, and another city university
used a cell phone app to monitor their mental health and communicate with
counselors by phone and text.
RETAIL
Prices
of onion in retail market shot up to nearly Rs 80 in few areas of Delhi,
despite the city government's attempt to control its prices by selling it at Rs
30 from its Fair Price Shops (FPSs).
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Source of Information for this issue : Google alert accessed on Google alert on August 24, 2015
We welcome your suggestions in improving this information updating service.
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Best wishes
Compilation
Dharitri Pradhan
Library Professional Trainee
Information and Documentation Divison, Chanakya Central Library
Asian School of Business Management
Shiksha Vihar Bhola,
Barang Khurda Road, Chandaka
Bhubaneswar-754012
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