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Centre approves the merger, consolidation of public sector banks

-Scroll.in Principal Economic Advisor Sanjeev Sanyal said the government wants to reduce the number of PSU lenders to 10 to 15 from the current 21. The Union Cabinet on Wednesday gave its in-principle approval for the merger and consolidation of public sector banks, reported ET Now. The Cabinet gave the go-ahead to set up a mechanism to carry out such mergers. The move is aimed at improving the efficiency of public...

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IARI soil-testing technology tweaked, private firm has monopoly -Jay Mazoomdaar

-The Indian Express As both IARI and IISS continued refining their respective products, procurement under the soil health card scheme gathered steam when the government sanctioned setting up over 6,000 mini labs in 2016-2017. New Delhi: Despite objections raised by senior officers, a low-cost digital soil-testing technology developed by the Indian Agricultural Research Institute (IARI), under the Indian Council of Agricultural Research (ICAR), has been tweaked by a sister ICAR institute...

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Safeguarding the interests of farmers -Nirmala Sitharaman

-The Hindu Providing food to the poor or targeted groups at subsidised prices is fully WTO-compatible Transformational changes are taking place in India currently, improving the way we live. These changes are impacting all our lives in small or significant ways. It is gratifying to know that the citizens at large are happy withthese changes. However, forsome who have fed themselves on the fodder that such changes are not for the near...

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Flood situation: Uma Bharti to visit UP, Bihar

-The Hindu Business Line New Delhi: As floods continue ravage large parts of the country, Uma Bharti, Union Minister for Water Resources, River Development and Ganga Rejuvenation, on Saturday reviewed the situation and the action being taken at the national level. After the meeting, Bharti announced that she would visit Uttar Pradesh and Bihar next week, according to an official release. “The Minister will visit Uttar Pradesh on 21st August and Bihar on...

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That sinking feeling -MV Rajeev Gowda & Salman Soz

-The Hindu In contrast to its pronouncements, the government’s own data suggest the economy is in a deep hole Prime Minister Narendra Modi, in his Independence Day address, spoke triumphantly about how demonetisation drove ?3 lakh crore of unaccounted money into the banking system. The Reserve Bank of India (RBI) is still counting old notes, and unaccounted money cases are ongoing. Thus, this number is at best a guesstimate, and cannot be...

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