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Bharatiya Mahila Bank
Bharatiya Mahila Bank (BMB; ) was a fully owned subsidiary of State Bank of India based in Mumbai, India. Former Indian Prime Minister Manmohan Singh inaugurated the system on 19 November 2013 on the occasion of the 96th birth anniversary of former Indian Prime Minister Indira Gandhi. As part of the Modi government's banking reforms and to ensure greater banking outreach to women, the bank merged with State Bank of India on 1 April 2017. While being run by women, and lending exclusively to women, the bank allowed deposits to flow from everyone. India was the third country, after Pakistan and Tanzania, to have a bank exclusively to benefit women. Banking for women In India, only 26% of women have an account with a formal financial institution, compared with 46% of men. This has changed after the initiation of Pradhan Manthri Jan Dhan Yojana – accounts of women jumped radically to 60%. That means an account in either a bank, a credit union, a co-operative, post office or a mic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manmohan Singh
Manmohan Singh (; born 26 September 1932) is an Indian politician, economist and statesman who served as the 13th prime minister of India from 2004 to 2014. He is also the third longest-serving prime minister after Jawaharlal Nehru and Indira Gandhi. A member of the Indian National Congress, Singh was the first Sikh prime minister of India. He was also the first prime minister since Jawaharlal Nehru to be re-elected after completing a full five-year term. Born in Gah, Pakistan, Gah, Punjab (region), West Punjab, in what is today Pakistan, Singh's family migrated to India during Partition of India, its partition in 1947. After obtaining his doctorate in economics from Nuffield College, Oxford, Oxford, Singh worked for the United Nations during 1966–1969. He subsequently began his bureaucratic career when Lalit Narayan Mishra hired him as an advisor in the Ministry of Commerce and Industry (India), Ministry of Commerce and Industry. During the 1970s and 1980s, Singh held seve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dalit
Dalit (from sa, दलित, dalita meaning "broken/scattered"), also previously known as untouchable, is the lowest stratum of the Caste system in India, castes in India. Dalits were excluded from the four-fold Varna (Hinduism), varna system of Hinduism and were seen as forming a avarna, fifth varna, also known by the name of ''Panchama''. Dalits now profess various religious beliefs, including Hinduism, Buddhism, Sikhism, Christianity, Islam. Scheduled Castes is the official term for Dalits as per the Constitution of India. History The term ''Dalit'' is a self-applied concept for those called the "untouchables" and others that were outside of the traditional Hindu caste hierarchy. Economist and reformer B. R. Ambedkar (1891–1956) said that untouchability came into Indian society around 400 CE, due to the struggle for supremacy between Buddhism and Historical Vedic religion, Brahmanism (an ancient term for Brahmanical Hinduism). Some Hindu priests befriended untouchables ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chhavi Rajawat
Chhavi Rajawat was the Sarpanch of her village Soda, from Jaipur. Though holding an elected post, Chhavi is not affiliated to any political party. The Panchayats are officially supposed to be non-partisan and Panchayat elected representatives thereby, do not fit into the bracket of mainstream politics. She has been reported to be the youngest person to hold the office of ''sarpanch''. Early life Rajawat was born in Jaipur, Rajasthan. She is from a small village called Soda in Malpura tehsil, Tonk district. She is an alumna of Rishi Valley School, Mayo College Girls School and Lady Shri Ram College and MBA From Balaji Institute of Modern Management Pune. Personal life Chhavi Rajawat divides her time between her village, Soda, and Jaipur where she lives with her parents. She also tends to a hotel that the family owns in Jaipur and the numerous horses that are part of her riding school. Chhavi Rajawat, studied at Rishi Valley School in Andhra Pradesh; Mayo College Girls’ Sch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rajasthan
Rajasthan (; lit. 'Land of Kings') is a state in northern India. It covers or 10.4 per cent of India's total geographical area. It is the largest Indian state by area and the seventh largest by population. It is on India's northwestern side, where it comprises most of the wide and inhospitable Thar Desert (also known as the Great Indian Desert) and shares a border with the Pakistani provinces of Punjab to the northwest and Sindh to the west, along the Sutlej- Indus River valley. It is bordered by five other Indian states: Punjab to the north; Haryana and Uttar Pradesh to the northeast; Madhya Pradesh to the southeast; and Gujarat to the southwest. Its geographical location is 23.3 to 30.12 North latitude and 69.30 to 78.17 East longitude, with the Tropic of Cancer passing through its southernmost tip. Its major features include the ruins of the Indus Valley civilisation at Kalibangan and Balathal, the Dilwara Temples, a Jain pilgrimage site at Rajasthan's only hill stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sarpanch
A sarpanch ( IAST: ''Sarpañch'' Hindi: ''सरपंच'') or Gram Pradhan or Mukhiya is a decision-maker, elected by the village-level constitutional body of local self-government called the Gram Sabha (village government) in India. The Sarpanch, together with other elected panchayat members (referred to as ''ward panch''), constitute gram panchayats and zilla panchayats. The sarpanch is the focal point of contact between government officers and the village community and retains power for five years. Meaning of ''sarpanch'' Sar, meaning head, and panch meaning five, gives the meaning ''head of the five decision makers of the gram panchyat'' of the village. In the state of West Bengal, a Sarpanch is called as Panchayat Pradhan (Pradhan means Chief) and his deputy as Panchyat Upa-Pradhan. Roles and Responsibilities Sarpanch is bestowed with following roles and responsibilities: * To conduct meetings of Gram Sabha excluding Social Audit of Gram Sabha. * To maintain record ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Usha Ananthasubramanian
Usha Ananthasubramanian is the former managing director and chief executive officer of the Allahabad Bank, Education and early career Ananthasubramanian holds a master's degree in statistics from the University of Madras and a master's degree in Ancient Indian culture from University of Mumbai Her background in statistics helped her get her first job as a specialist in the actuarial department with Life Insurance Corporation (LIC), while her understanding of Ancient Indian Culture gave her a deeper insight into understanding risk. She was charged by the CBI for the Nirav Modi fraud case during her tenure at PNB Career in banking Ananthasubramanian started her career in banking in February 1982, when she joined the Bank of Baroda as a specialist officer in its planning stream. Prior to joining Bhartiya Mahila Bank, Ananthasubramanian worked at Punjab National Bank and was recognised in the following roles: * Executive director * Member of share transfer committee * Member of a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ceteris Paribus
' (also spelled '; () is a Latin phrase, meaning "other things equal"; some other English translations of the phrase are "all other things being equal", "other things held constant", "all else unchanged", and "all else being equal". A statement about a causal, empirical, or logical relation between two states of affairs is ''ceteris paribus'' if it is acknowledged that the statement, although usually accurate in expected conditions, can fail because of, or the relation can be abolished by, intervening factors. chapter 2 A ''ceteris paribus'' assumption is often key to scientific inquiry, because scientists seek to eliminate factors that perturb a relation of interest. Thus epidemiologists, for example, may seek to control independent variables as factors that may influence dependent variables—the outcomes of interest. Likewise, in scientific modeling, simplifying assumptions permit illustration of concepts considered relevant to the inquiry. An example in economics is "If t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microfinance
Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.Christen, Robert Peck Christen; Rosenberg, Richard; Jayadeva, Veena. ''Financial institutions with a double-bottom line: Implications for the future of microfinance''. CGAP, Occasional Papers series, July 2004, pp. 2–3. ID Ghana is an example of a microfinance institution. Microfinance initially had a limited definition: the provision of microloans to poor entrepreneurs and small businesses lacking access to credit. The two main mechanisms for the delive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microfinance
Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.Christen, Robert Peck Christen; Rosenberg, Richard; Jayadeva, Veena. ''Financial institutions with a double-bottom line: Implications for the future of microfinance''. CGAP, Occasional Papers series, July 2004, pp. 2–3. ID Ghana is an example of a microfinance institution. Microfinance initially had a limited definition: the provision of microloans to poor entrepreneurs and small businesses lacking access to credit. The two main mechanisms for the delive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tanzania
Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands and the Indian Ocean to the east; Mozambique and Malawi to the south; Zambia to the southwest; and Rwanda, Burundi, and the Democratic Republic of the Congo to the west. Mount Kilimanjaro, Africa's highest mountain, is in northeastern Tanzania. According to the United Nations, Tanzania has a population of million, making it the most populous country located entirely south of the equator. Many important hominid fossils have been found in Tanzania, such as 6-million-year-old Pliocene hominid fossils. The genus Australopithecus ranged across Africa between 4 and 2 million years ago, and the oldest remains of the genus ''Homo'' are found near Lake Olduvai. Following the rise of '' Homo erectus'' 1.8 million years ago, humanity spread ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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