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99.92% of Indian villages now have banking facilities within 5 kms radius

99.92% of Indian villages now have banking facilities within 5 kms radius

by AIP Online Bureau | Mar 30, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology

Pankaj Chaudhary, Minister of State in the Ministry of Finance Availability of banking outlets is monitored by a Geographic Information System (GIS) based Application, namely, the Jan Dhan Darshak (JDD) App The country has now 99.92% villages and 100% villages in the...
99.92% of Indian villages now have banking facilities within 5 kms radius

No proposal under consideration on merger of PSU banks: MoS Finance

by AIP Online Bureau | Mar 23, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

The amalgamation of PSBs, as envisaged, has contributed to improving operational efficiency and financial soundness of banks through streamlining of operations and reduction in costs, thereby resulting in increasing consolidated business of banks, Minister of State...
99.92% of Indian villages now have banking facilities within 5 kms radius

No insurers have revised premiums upward after GST relief announcement:Govt

by AIP Online Bureau | Feb 10, 2026 | Health, Indian News, Life, Policy

The IRDAI collected prevailing premium rates as of September 3, 2025, and has been regularly monitoring premiums for new policies as well as renewals to ensure that insured individuals receive the intended benefit, Union Finance Ministry, Minister of State (MoS)...
Surge in gold, silver prices due to geopolitical tensions, says FinMin

Surge in gold, silver prices due to geopolitical tensions, says FinMin

by AIP Online Bureau | Dec 15, 2025 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

Minister of State for Finance Pankaj Chaudhary Gold and silver serve a dual role not only as a consumption item but also as an investment avenue, as they are considered safe assets for hedging against uncertainties.Thus, an increase in the price of gold or silver...
MoS Finance says 15 cr PM Jan Dhan accounts are inoperative

MoS Finance says 15 cr PM Jan Dhan accounts are inoperative

by AIP Online Bureau | Dec 9, 2025 | Data, Eco/Invest/Demography

“The data regarding number of inoperative accounts vis-a-vis women, rural and semi-urban areas that are closed under the Pradhan Mantri Jan Dhan Yojana (PMJDY), is not centrally maintained. However, there are about 15.09 crore inoperative PMJDY accounts out of...
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