-The Indian Express In the implementation of the Pradhan Mantri Jan Dhan Yojana, public sector banks and regional rural banks have opened 29.13 crore accounts as against 96 lakh accounts by the private banks. Chennai: The All India Bank Officers Confederation (AIBOC), the largest body representing over 3,25,000 officers, opposed the Centre’s move making Aadhaar mandatory and forcing bank officers to do Aadhar seeding. When the matter is subjudice in the...
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Do not force bankers to do Aadhaar seeding: bank officers' body
-The Hindu Business Line AIBOC questions legality of mandating UID linking of accounts Coimbatore: The All India Bank Officers’ Confederation (AIBOC) wants Aadhaar seeding of accounts put on hold till the Supreme Court comes out with a clear directive. “The government should make it clear to the people that the seeding of Aadhaar is voluntary and not mandatory,” said D Thomas Franco, General Secretary, AIBOC. He said the Aadhaar Act of 2016 was meant...
More »40% drop in sales ahead of Diwali due to cash shortages says CAIT
-PTI As much as 40 per cent drop has been recorded in sales in markets across the country due to low footfall of consumers because of cash shortages New Delhi: As much as 40 per cent drop has been recorded in sales in markets across the country due to low footfall of consumers because of cash shortages, traders body CAIT said on Monday. With just 3 days for Diwali, “markets across the country...
More »India needs robust cold chain supply system to increase farmers' income, say experts -Neetu Chandra Sharma
-Livemint.com India’s greatest need is for an effective cold chain solution that can integrate the supply chains for agricultural commodities from production to consumption centers, experts say New Delhi: The government is looking for solutions for preventing physical waste and loss of value of perishable agricultural commodities, according to agriculture experts. A robust cold chain supply system can increase farmers’ income manifold, experts say. In a bid to understand and develop a roadmap...
More »'RBI Governor must resign over troubles due to note ban' -Arun Janardhanan
-The Indian Express On the latest justifications being given by the RBI, Franco asked “what was that economics he (Governor Patel) learnt to roll out a financial policy like Demonetisation troubling the entire population?” Chennai: Blaming the Reserve Bank of India Governor Urjit Patel for “misusing” the central bank to carry out demonetisation which “caused trouble to the common man”, D Thomas Franco, general secretary of All India Bank Officers Confederation has...
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