Finally India to Get Its Post Payment Banks Till March 2017


sdBENGALURU: Finally the RBI has given its nod to set up Post Payments Banks in the country untill March 2017. Around 40 international financial conglomerates including World Bank, Barclays, and ICICI have shown interest to partner with the Postal Department for the payment bank, according to thehindu.com.

During the Good Governance Day conference, Ravi ShankarPrasad, accompanied by key officials of his ministry, announced a slew of initiatives spanning the departments of telecom, posts and electronics, and IT. Some of the highlights included the launch of a National Centre of Geo-Informatics, which will be a platform for sharing and collaborating GIS (geographic information system) data source and location-based analytics that will aid both central and state governments in planning, decision-making, and electronic delivery of services.

It was announced that MTNL will now offer free roaming to its customers from January 1. On the other hand, BSNL has started offering free incoming calls on roaming to its customers since earlier this year. While the threshold for the broadband limit has been increased to 2 mbps from 512 kbps, mobile towers will be set up in Naxal-affected areas in two areas--Madhya Pradesh and Uttar Pradesh.

There has also been an announced of a mobile application for Digital Locker, one of the marquee schemes under the Digital India platform. Along with inaugurating public Wi-Fi hotspots at Haridwar and Ajmer, these hotspots have already been set up in 500 places in 200 centres and will further extend to 2,500 by March the coming year. Good governance is defined by easy, effective, and economical governance.

Read More: 2016 Global Economy; 6 Major Factors

Petroleum Products to Be Out Of GST for Now: CEA Arvind Subramanian