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PMJDY deposit on rise, crosses Rs 42,000-crore mark

deposits under this flagship financial inclusion scheme have crossed Rs 42,000 crore-mark and the percentage of zero-balance accounts has fallen below 25 per cent. Since April, there has been an addition of about Rs 6,000 crore under the Prime Minister Jan Dhan Yojana (PMJDY). As many as 24.27 crore accounts have been opened under the scheme and the percentage of zero balance has come down to 24.43 per cent. "No target has been set for reduction of zero balance account, instead strategy is that these accounts are ready for DBT purpose and ensure that there are banking trails for various transactions Source:- PMJDY deposit on rise, crosses Rs 42,000-crore mark: Officials - The Economic Times

India on path of becoming pivot for hi-tech manufacturing: UN

India is on the path of becoming a "pivot" for high-tech world manufacturing even as global manufacturing growth is expected to remain low in 2016 due to weakened financial support for productive activities, a new UN report said. The quarterly 'World Manufacturing Production report', published by the UN Industrial Development Organisation (UNIDO) said world manufacturing output is expected to increase by only 2.8 per cent in 2016. However, in contrast to recent years, there will be no breakout from the low-growth trap in 2016. According to the latest GDP data released in India, the manufacturing sector grew 9.1 per cent during April-June 2016, a slight decline from the 9.3 per cent clocked in January to March. Source:- India on path of becoming pivot for hi-tech manufacturing: UN - Times of India