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SBI REPORT ON POVERTY
India’s poverty levels continue to fall as SBI projects 4.6% rate for 2024A State Bank of India report estimates India's poverty rate to decline to 4.6% in 2024, a significant drop from the World Bank's 5.3% estim...- Why rural is becoming the new urban for consumer businessRural India drives consumption growth, narrowing the urban-rural gap, fueled by rising income, government support, and infrastructure devel...
- Some people trying to disturb peace in name of caste politics: PM ModiPrime Minister Narendra Modi underscored the importance of preserving social harmony in rural India and countering caste politics. He highl...
- Rural poverty falls faster than Urban: SBI ResearchRural poverty in India declined to under 5% in 2023-24, surpassing urban areas, thanks to higher consumption growth among the bottom 0-5% d...
- Poverty gap shrinks between rural and urban India in FY24, driven by higher consumption: SBI reportIndia's rural and urban consumption gap is reducing significantly, thanks to government initiatives like direct benefit transfers and impro...
- 12.5 crore jobs created under Modi govt; 2.9 crore under UPA rule: Hardeep Puri lauds SBI reportUnion Minister Hardeep Singh Puri praised a State Bank of India (SBI) report noting that the Modi-led government created 12.5 crore jobs in...
- SBI partners with Aurionpro for its transaction banking platformThis announcement comes after the company associated with the Government of Haryana as a technology partner for its Haryana Antyodaya Pariv...
- India’s poverty rate declined to 4.5-5% in 2022-23: SBI ResearchIndia's poverty rate declined to 4.5-5% in 2022-23, with rural poverty declining to 7.2% and urban poverty down to 4.6%. This decline is at...
- AePS users in a fix as banks set up guardrails to reduce fraudLast-mile consumers who use AePS to withdraw DBT funds are finding their transactions failing over the last few months, as banks introduce ...
- How cereals helped Modi-govt cut inequality in IndiaHigher procurement and free distribution of cereals such as wheat and rice have benefitted the poorest of the poor in India, thus helping l...
- Govt 'singularly responsible' for India's economic problems: CongressAddressing a press conference at the AICC headquarters here, Congress spokesperson Anshul Avijit said the BJP government and its spin docto...
- Nearly 15 per cent of State Bank of India's Mudra loan portfolio turned bad“We have tweaked the model and changed it to e-mudra," Kumar said. "Some parameters are changed and now the NPA ratio has reduced to 10% in...
- Lockdown, Day 80: Climb up the reform ladderS&P Global predicts India's economic growth potential in medium and long-term is 6.5-7 per cent but reforms are critical for the country to...
- SBI to raise $500-700 million via green bondsThe green bond sale, likely in two tranches, could open for subscription within the next few days.
- Agri sector should be given industry status: Nirmala SitharamanGovt has time and again reiterated its efforts towards doubling farmer income by 2022.
- In favour of according industry status to the agriculture sector: Nirmala Sitharaman“I think agriculture sector should be given industry status if so many people are dependent on it,” Sitharaman said while addressing the 4t...
- Relief for homebuyers! Builders may have to pay 11% interest for delayed projectsBuilders will have to give info on completion date of project, size of flats and promised facilities, state the draft rules, published to s...
- Employees' Provident Fund Organisation may allow pledging PF contributions to buy low-cost houseThere will be tripartite agreement with member, bank/housing agency and EPFO for pledging future PF contributions as EMI payment
- 'Indian growth story intact whatever Dr Reddy does'State Bank of India Chairman O P Bhatt on Monday refrained from making any guess about the credit policy to be unveiled by the Reserve Bank...
- 'Indian growth story will remain in tact whatever'State Bank of India's Chairman O P Bhatt on Monday refrained from making any projection about the credit policy, and said "Indian growth st...
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