The cabinet meeting also decided to set up a commission to examine sub-categorization of OBCs, said Jaitley. He added that the commission will submit a report within 12 weeks once the chairperson is appointed.
Not only such high disparity in compensation makes it difficult for the government to hire top managers laterally at public sector banks, as pointed out by Rajan, it also impacts the motivation of public sector managers who have to fiercely compete with their private sector peers.
In her address, she spoke of climate change, terrorism, urbanisation, banking reaching villages, bridging the economic divide between the desperately poor on the one side and global citizens on the other and even on TPP.
ARUNDHATI BHATTACHARYA, who heads State Bank of India, the country’s largest bank, has said that the government should find ways to disincentivise cash transactions, such as imposing a charge or levy above a specified limit or threshold, after normalcy is restored in banking operations following the demonetisation move.