Category: Economic Reforms

EASE 9.0: Ushering in the Era of AI Native, Globally Competitive Public Sector Banks

India’s Public Sector Banks (PSBs) have travelled a remarkable journey since the launch of the EASE (Enhanced Access & Service Excellence) reforms in 2018. What began as a push for clean banking and customer responsiveness has now evolved into a bold, future ready blueprint—EASE 9.0, the reform agenda for FY27.
This latest edition marks a decisive shift. It is no longer about digitisation alone. It is about AI native banking, global capability building, and institutional resilience. In many ways, EASE 9.0 is the most ambitious and transformative chapter in the entire EASE series.

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EASE Reforms: Transforming Public Sector Banking in India – Journey Through EASE 1 – EASE 8 and now EASE 9

The EASE (Enhanced Access and Service Excellence) reforms are a flagship initiative by the Department of Financial Services (DFS) under the Ministry of Finance, aimed at transforming Public Sector Banks (PSBs) into modern, efficient, and customer-centric institutions. Launched in 2018, the reforms have evolved through multiple phases—from EASE 1.0 to the current EASE 8.0 in…

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Highlights of Economic Survey 2024-25

Union Minister of Finance and Corporate Affairs, Smt Nirmala Sitharaman presented the Economic Survey 2024-25 in the Parliament today.

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Finance Minister Smt. Nirmala Sitharaman launches EASE 5.0 ‘Common reforms agenda’ for PSBs

EASE 5.0 ‘Common reforms agenda’ of EASENext program has been developed for Public Sector Banks and was launched through video-conferencing by the Minister of Finance and Corporate Affairs, Nirmala Sitharaman in New Delhi on Wednesday.

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Union Budget 2022-23 – Key Highlights and Impact on various sectors

FM Nirmala Sitharaman presented Union Budget 2022 in Parliament. While keeping the Income Tax Slabs unchanged, FM announced a major change in taxation as far as virtual digital assets are concerned. Union Finance Minister Nirmala Sitharaman proposed a 30 per cent tax on income from transactions in such assets. Furthermore, FM Also proposed Gati Shakti Programme which will boost infrastructure and create more jobs. On education sector, FM has announced launch of a new Digital University as well as expansion of PM eVIDYA with addition of new TV channels for supplementary education.

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THE CHANGING VISION OF THE INDIAN BANKING INDUSTRY

While discussing the changing vision of the Indian Banking industry, Mr M.V.Tanksale expressed with pride that the banking industry has withstood various crises and transformed itself to meet the challenges and contribute to the economic growth of the country.

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RBI Monetary Policy Bi-Monthly Review 8th October 2021 – Highlights and Key Takeaways

The Reserve Bank of India (RBI) on Friday decided to keep benchmark interest rate unchanged at 4 percent but maintained an accommodative stance.

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Finance Minister unveils 4th edition of Public Sector Bank Reforms Agenda – EASE 4.0 – Reviews performance of public sector banks – Announces EASE 3.0 award winners

Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman today on 25th August 2021 unveiled the fourth edition of the Public Sector Bank (PSB) Reforms Agenda ‘EASE 4.0’ for 2021-22 – tech-enabled, simplified, and collaborative banking. She unveiled the annual report for the PSB Reforms Agenda EASE 3.0 for 2020-21 and participated in the awards ceremony to felicitate best performing banks on EASE 3.0 Banking Reforms Index.

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Key Takeaways and Highlights Of RBI Governor Shaktikanta Das’ Speech

In an unscheduled address, the Governor said that the situation in the country has reversed from being on foothills of strong economic recovery to facing a fresh crisis.
The Reserve Bank of India (RBI) on May 5 announced several measures to protect small and medium businesses, individual borrowers from the adverse impact of the intense second wave of COVID-19 across the country.
It has also made provisions for banks to advance loans to businesses and restructure loans for enhancing liquidity in the system to help mitigate the crisis.
The RBI announced a Resolution Framework 2.0 for COVID-related stressed assets of individuals, small businesses and MSMEs and also expressed its resolve to do everything at its command to ‘save human lives and restore livelihoods through all means possible’.
Considering that the resurgence of COVID-19 pandemic in India has made individual borrowers, small businesses and MSMEs most vulnerable, the RBI has allowed borrowers i.e. individuals and small businesses and MSMEs having aggregate exposure of up to ₹25 crore, who have not availed restructuring under any of the earlier restructuring frameworks (including under the Resolution Framework 1.0 dated August 6, 2020), and who were classified as ‘Standard’ as on March 31, 2021, eligible to be considered under Resolution Framework 2.0.

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Union Budget 2021- Budget at a glance, Key Takeaways & Highlights

The Union Budget 2021-22 was presented by the Hon’ble Finance Minister Nirmala Sitharaman on 1st February 2021 in the Parliament. The Budget speech was given by the FM from 11 a.m. to 1 p.m.
This year’s Budget lays focus on the seven pillars for reviving the economy – Health and Wellbeing, Physical and Financial Capital and Infrastructure, Inclusive Development for Aspirational India, Reinvigorating Human Capital, Innovation and R&D, and Minimum Government Maximum Governance. Several regulations around the securities market are proposed to be merged as a single code. Several direct taxes and indirect taxes amendments were also proposed.

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