Cashless transaction is one of the solutions to the menace of black money: PM
PrintListen to this Article
Prime Minister Narendra Modi has said that cashless transaction is one of the solutions to the menace of black money. Addressing ICICI Foundation Day function in Mumbai Friday evening, Mr Modi advised banks to go for cashless transactions, which can help the government in rooting out the black money.
Saying that banking sector can become the agent for social transformation, the Prime Minister asked banks to extend their facilities to the unbanked and poor so that these people do not stray towards investing in gold. He asked banks to take up social cause, finance Swachhata or cleanliness entrepreneurs.
Category : Banking | Comments : 0 | Hits : 571
The Financial Intelligence Unit-India (FIU-IND), in furtherance of the powers conferred upon the Director FIU-IND under Section 13(2)(d) of the Prevention of Money Laundering Act (PMLA), 2002, has imp...
The government on Monday informed the Lok Sabha that all Scheduled Commercial Banks have written off nearly Rs 10.6 lakh crore in the last 5 years, out of which nearly 50 per cent belong to large indu...
The government has cleared the extension of tenure of managing directors of two public sector lenders -- Bank of Maharashtra (BoM) and Central Bank of India. According to sources, Appointments Co...
Comments