In an internal circular to its zonal offices, SBI has said the associate banks should have settled the compensation before the merger and the parent SBI is not liable to pay up the overtime money to the former employees of associate banks.
According to the response provided by the IAF, its frontline transport aircraft, the C-17 and the C-130J Super Hercules, undertook 91 sorties to transport bundles of currency from security printing presses and mints to various destinations across the country.
Acting on a tip-off, the police kept a watch at a garden near Parsik Reti Bunder in the district’s Kalwa town on June 30 and spotted the three people who had apparently come there to dispose of the scrapped notes.
Demonetisation and implementation of the GST were bigger “surgical strikes” than what was carried out by the Army in Pakistan-occupied Kashmir, Mevani alleged.
Facing criticism over the 2016 demonetisation drive, the Union government on Friday said benefits of the note ban are being reaped now as hoarded cash is being put to productive use.
Seven people, who allegedly tried to exchange demonetised currency and scrapped notes with a face value of over Rs one crore, were arrested in Hyderabad on Thursday, police said.
BJP members Kirit Somaiya and Nishikant Dubey, sources said, called it a “biased” draft report.
The RBI data shows that the credit demand for services sector jumped 20.7 per cent in April and the demand for personal loans rose 19.1 per cent.
Modi has made mistakes in the past four years. He has failed to take India in a new economic direction. He wasted time on demonetisation and wasted money on huge, useless Congress welfare schemes like MNREGA. And, he failed to change our ‘socialist’ political culture.
The mood of the nation is despondent. In the RBI’s survey (May 2018), 48 per cent of respondents felt that the economic situation had worsened in the last one year. In some sectors, like agriculture, despondency has turned into anger. Among some sections of the people, like Dalits and unemployed youth, despondency has turned into despair.
Pronouncing the rebirth, or even significant acceleration in inflation, may be a trifle premature
In the report, the credit rating agency said tax reforms are likely to expand revenue base in fast growing economies like India but they will be most effective when accompanied by lowering of fiscal deficit and effective management of expenditure.
Nitish expressed concerns at poor credit and deposit ratio in Bihar and asked banks to open more branches and ATMs and give more loans to common people.
With four trading days still to go in this month, as on May 25, FPI’s have pulled out a net of Rs 26,768 crore from the Indian markets (Rs 18,949 crore from the debt market and Rs 7,819 crore from the equity market).
“What is the current status of Swachh Bharat Abhiyan? Why Varanasi (PM’s parliamentary constituency) became the second worst polluted city in recent surveys?” senior Congress leader Oommen Chandy asked.