FM Nirmala Sitharaman unveils Doorstep Banking Services by PSBs, declares EASE 2.0 Index results

At present only non-financial services like pick up of negotiable instruments (cheque, demand draft, pay order, etc), pick up new cheque book requisition slip, pick up of 15G or 15H forms, pick up of IT or GST challan, issue request for standing instructions, request for account statement, delivery of non-personalised cheque book, demand draft, pay […]

Public sector banks to bring doorstep financial services to you in October

As part of the EASE Reforms, Doorstep Banking Services is envisaged to provide convenience of banking services to the customers at their door step through the universal touch points of Call Centre, Web Portal or Mobile App.  Customers can also track their service request through these channels.

IBM India in talks with more banks to develop digital platforms as more tech giants foray into banking sector

Indian financial services sector lagged behind global peers when it comes to digital transformation, said a  2017 Gartner report. However, the exercise gained momentum and banks’ investments increased with Gartner predicting that the total spending in IT would be $11 billion in 2020, a 9 percent increase compared to 2019.

B&R economies to boost services trade partnership

Zhang Shenfeng, deputy head of the China Council for the Promotion of International Trade, said: “Services trade, as an integral part of international trade, plays an important role in transforming the mode of economic growth and promoting industrial transformation and upgrade.

Hanoi considers putting electric buses into service

According to the transport department’s plan, ten new green-energy bus routes will be operated by Vingroup’s passenger transportation establishment VinBus, using from 150 to 200 electric buses manufactured by the conglomerate’s automaker VinFast.

Palantir begins Wall Street charm offensive ahead of public listing

“Historically, periods of macro instability or crisis have been a huge tailwind for us. The global financial crisis, ISIS attacks in Europe in 2015, and 2016, the present day COVID. And it’s a tailwind for us because it means that the competitive alternative of building your own solution in three years or more, is just […]

Finance minister launches doorstep banking initiative by PSBs

Finance Minister Nirmala Sitharaman on Wednesday launched a doorstep banking services initiative by public sector banks (PSBs) which will provide convenience to customers. This is part of EASE (enhanced access and service excellence) reforms that the Department of Financial Services had undertaken in 2018. Now, one can bank from home with the finance minister launching […]

Interview: China’s expansion of trade in services a boon to Argentina, LatAm, says official

“It has improved and continues to improve due to the incorporation of technologies and services, such as software, in the agricultural sector: everything that has to do with satellite images, data, drones and agricultural prospecting services, big data for analysis of climatic and meteorological data, and precision agriculture,” said Apolito. Enditem

We are in the process of rebuilding Andhra: CM Jaganmohan Reddy

All states, including the central government, have been implementing several schemes, few are through DBT (direct benefit transfer) and others vide traditional methods. The reform that we brought is to ensure that the DBT system is foolproof, that there are no leakages and benefits reaches the genuine beneficiary directly, completely, in time and without corruption. […]

EU competitors in railway public procurement mix

In addition to government procurement, what other opportunities and challenges will the EVFTA bring to the railway sector? The EVFTA will enable VNR to select capable bidders which have strong competitiveness in technology, price, and quality in government procurement-related projects. This is also a driving force for units of VNR, urging them to have more […]