-PTI Employees of public sector banks have gone on two-day nationwide strike today opposing banking sector reforms and outsourcing of non-core activities, affecting operations. Several private sector banks, foreign banks and ATMs, however, continued to operate normally. The strike call was given by the United Forum of Bank Unions (UFBU), an umbrella organisation of nine unions of employees and officers of PSU banks. They are protesting against banking sector reforms and unilateral implementation of...
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34% increase in deposits at rural banks-Jaideep Deogharia
-The Times of India RANCHI: If deposits in banks are indicative of prosperity of a region, Jharkhand villages have been blazing quite a trail over the past couple of years. The volume of money deposited with rural bank branches witnessed a whopping 34% increase over the last fiscal as against increase of mere 19% in the urban bank branches. With emphasis on financial inclusion, linking MGNREGA wages with bank accounts and...
More »Don’t come on fishing trips, warns Berne-Ashis Ray
-The Times of India Indian government would be in serious breach of its international obligations if it discloses names of Indians having Swiss bank accounts, other than being compelled to do so by the judiciary. Speaking to TOI against the backdrop of the recent agitations by Anna Hazare and yoga guru Baba Ramdev for recovery of black money, a spokesman for the federal finance ministry in Switzerland said India "cannot make public"...
More »Research and Analysis Wing alleges A Raja had 'hawala' links; CBI initiates probe-Rohini Singh
-The Economic Times The Research and Analysis Wing (RAW), India's overseas intelligence agency, has told the Central Bureau of Investigation and the Enforcement Directorate that it has unearthed hawala transactions allegedly linked to former telecom minister A Raja. RAW has written to the investigative agencies - the communication was sent at the end of July - asking them to take "necessary action", a top government official told ET on condition of anonymity. The...
More »Himachalis Rich But State Under Debt
-PTI The bank Deposits of Himachalis stood at about Rs 50,000 crore but the state is under huge debt, according to a state Finance Ministry official. The percentage of people keen on increasing their savings was 75 per cent in the state while it was 33 per cent in the country, the official said. The increase in income of farmers from horticulture, off season vegetables, milk, animal husbandry and poly houses and fat...
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