Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: due date for vat payment :: articles on VAT and GST in India :: TDS :: form 3cd :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: VAT Audit :: Central Excise rule to resale the machines to a new company :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment
 
 
General »
 Companies should invest in upgradation of tax technology
 Top House tax writer suggests measures to mitigate the impact of the border tax
 Consumer goods distributors, wholesalers to bear the brunt of GST
 GST classification woes to continue
 There will be no tax on farm or agriculture income
 RBI, Income Tax Acts to be amended for electoral bonds, Jaitley says
  Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
 I-T zeroes in on Mumbai trader in first crackdown after demonetisation
  Tax queries answered by Dilip Lakhani, Senior Chartered Accountant
 Income Tax Department Failed To Unearth Black Money Despite Information
 Govt filing twice as many cases as private cos in Supreme Court

Finance Ministry asks public sector banks to ramp up rural ATMs
October, 11th 2013

The Finance Ministry today asked state-run banks to expedite installing automated teller machines (ATMs) in rural areas, which is falling short of the budget target.

Against the target to install 34,668 by the end of March 2014, the public sector banks have put up only 5,726 ATMs by end of August, Snehalata Srivastava, the additional secretary in the Department of Financial Services, said here.

"The number is not so satisfying...I request all the banks to provide this facility in the rural areas and the areas which are needing this kind of a facility," she said.

In his budget speech, Union Finance Minister P Chidambaram had announced that all the branches of the 26 public sector banks will have an ATM by end of March 2014 and accordingly over 34,000 branches were identified, she said.

Srivastava said this was done in order to provide the necessary infrastructure for withdrawal of money across the clock.

Speaking about the Government's ambitious direct benefit transfer scheme, wherein the Government is aiming to transfer the subsidies directly into bank accounts of the beneficiaries to avoid pilferage, she said Rs 564 crore has been transfered to beneficiaries through 10 million transactions.

Initially launched in 25 districts early this year, the DBT scheme has been extended to 78 districts and "we also had the DBT for cooking gas subsidies being launched in 18 districts in June," she said.

The government has identified 191 districts more to introduce the DBT-LPG scheme, which will be done in a phased manner starting January next year, she said.

On the financial inclusion agenda, she said the 3.16 crore financial inclusion accounts have been opened and 62,000 business correspondents have been appointed.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
System Testing Solution Manual Software Testing Solutions Automation Software Testing Solutions System Workflow Testing System Manual Testing

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions