Current Affairs February -2021
Total Page：16
File Type：pdf, Size：1020Kb
Load more
Recommended publications
-
Alumni News Letter Issue
— 1 — Editorial Board Patron Shri.L.Gopalakrishnan, Managing Trustee - PSG & Sons’ Charities. President R.Mahendran, PSG Arts Alumni Association. Advisor Dr.B.Murali, HOD - M.Sc. Software Systems. Editorial Board Members Dr.R.Swaranalatha, Associate Professor & Head, Department of Management Sciences - Retail Management. Ms.R.Poornima, Co-ordinator - PSG Arts Alumni Association. Ms.D.Brindha, Assistant Professor, Visual Communication & Electronic Media. Designer Mr.C.Senthil Kumar, Instructor, Visual Communication & Electronic Media. — 2 — Contents Patron Speaks ................................................................................................................................................... 1 President speaks ............................................................................................................................................... 2 PSG Arts Alumni Association ........................................................................................................................... 3 Campus Activities Inauguration of Manavar Manram (Aided) .................................................................................................... 4 Inauguration of Manavar Manram (Unaided) ............................................................................................... 4 Launch of Young Indians ................................................................................................................................ 4 Independence Day Celebrations .................................................................................................................... -
Desai Awards
NATIONAL INDUSTRIAL TRIBUNAL (BANK DISPUTES) AWARD ON THE INDUSTRIAL DISPUTES BETWEEN CERTAIN BANKING COMPANIES AND CORPORATIONS AND THEIR WORKMEN BY PRESIDING OFFICER SHRI JUSTICE KANTI LAL T. DESAI (CHIEF JUSTICE OF THE HIGH COURT OF GUJARAT) JUNE, 1962 REPRINTED BY THE INDIAN BANKS' ASSOCIATION, BOMBAY BY PERMISSION OF THE GOVERNMENT OF INDIA TABLE OF CONTENTS (xxvi) Reliefs 5.362 to 5.370 209-212 (xxvii) Dearness allowance with particular Chapter Contents Paragraphs Pages reference to the -question whether any I Introductory 1.1 to 1.25 2—10 part of the existing dearness allowance II Genesis of the dispute 2.1 to 2.15 11—16 should be absorbed in the basic pay 5.371 to 5.394 212-225 III Parties to the dispute 3.1 to 3.7 16—20 VI (i) House Rent Allowance 6.1 to 6.27 226-231 IV Categorisation of banks and areas (ii) Other Allowances 6.28 to 6.64 231-240 for the purposes of this adjudication — (iii) Travelling Allowance and Halting 6.65 to 6.84 240-249 (i) Categorisation of banks 4.1 to 4.129 20-56 Allowance (ii) Categorisation of areas 4.130 to 4.190 56-82 (iv) Joining time on transfer 6.85 to 6.86 249 V Scales of pay — (v) Leave Fare Concessions 6.87 to 6.94 249-251 (i) General 5.1 to 5.34 82—102 VII Provident Fund, including the rate of (ii) Principles of wage fixation ... 5.35 to 5.47 103— 108 contribution and the rate of interest 7.1 to 7.43 251-264 (iii) The 15th Indian Labour Conference 5.48 to 5.63 108—114 VIII Pension and gratuity — (iv) Index Number 5.64 to 5.69 114—116 (i) Gratuity 8.1 to 8.42 264-276 (v) Base Year 5.70 to 5.75 116—119 (ii) Pension 8.43 to 8.63 276-281 (vi) Consumption Units .. -
The Year Bygone That Started with a Strong Hope of Early Wage
Registered with RNI, Delhi Regn. No. KARENG/2005/14831 451 Vol 38 - 7 January, 2020 The year bygone that started with a strong hope of early in the industry had bottomed out. FY 2018-19 wage settlement in the backdrop of the stupendous ended with the Banking Industry posting lower net success of the two-day strike in December-2018 has losses at Rs. 81752 crore as against Rs. 85370 been very tumultuous for the Banking Industry. The crore, the previous year. year saw the merger of Vijaya Bank and Dena Bank As everything seemed to be falling in place, with Bank of Baroda [BoB] and unfolding of the saga Government of India started the “Ideation Program” of the system/employee/procedure integration at in the first week of August, 2019 to culminate BoB. in a grand review by the top echelons of all the The country, waited with bated breath to witness stakeholders with a grand intention of ensuring who will take the seat of power at the Centre. May, that banks lend more under flagship schemes of 2019, saw Sri Narendra Modi taking over for the the Government, aimed at a target group of the second term as the Executive Head of the country. society. Contrary to the expectations, on 30th New Government got down to the business with the August at about 04.30 pm, Finance Minister presentation of full-fledged budget and announcing announced the Big Bang merger of 10 Public huge capitalisation of PSBs, thus the hopes of the Sector Banks, into 4, leaving out another 6 in "Acche Din" for bankers resurrected. -
Download Brochure
Celebrating UNESCO Chair for 17 Human Rights, Democracy, Peace & Tolerance Years of Academic Excellence World Peace Centre (Alandi) Pune, India India's First School to Create Future Polical Leaders ELECTORAL Politics to FUNCTIONAL Politics We Make Common Man, Panchayat to Parliament 'a Leader' ! Political Leadership begins here... -Rahul V. Karad Your Pathway to a Great Career in Politics ! Two-Year MASTER'S PROGRAM IN POLITICAL LEADERSHIP AND GOVERNMENT MPG Batch-17 (2021-23) UGC Approved Under The Aegis of mitsog.org I mitwpu.edu.in Seed Thought MIT School of Government (MIT-SOG) is dedicated to impart leadership training to the youth of India, desirous of making a CONTENTS career in politics and government. The School has the clear § Message by President, MIT World Peace University . 2 objective of creating a pool of ethical, spirited, committed and § Message by Principal Advisor and Chairman, Academic Advisory Board . 3 trained political leadership for the country by taking the § A Humble Tribute to 1st Chairman & Mentor, MIT-SOG . 4 aspirants through a program designed methodically. This § Message by Initiator . 5 exposes them to various governmental, political, social and § Messages by Vice-Chancellor and Advisor, MIT-WPU . 6 democratic processes, and infuses in them a sense of national § Messages by Academic Advisor and Associate Director, MIT-SOG . 7 pride, democratic values and leadership qualities. § Members of Academic Advisory Board MIT-SOG . 8 § Political Opportunities for Youth (Political Leadership diagram). 9 Rahul V. Karad § About MIT World Peace University . 10 Initiator, MIT-SOG § About MIT School of Government. 11 § Ladder of Leadership in Democracy . 13 § Why MIT School of Government. -
Remittance Accounts 99 Notes 101 Reference 101
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Finance DIRECTIONS INDEVELOPMENT The Remittance Market Remittance The Opportunities, Challenges, and Policy Options and Policy in India Gabi G.Afram The Remittance Market in India The Remittance Market in India Opportunities, Challenges, and Policy Options by Gabi G. Afram © 2012 International Bank for Reconstruction and Development / International Development Association or The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org 1 2 3 4 14 13 12 11 This volume is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this work is subject to copyright. Because The World Bank encourages dis- semination of its knowledge, this work may be reproduced, in whole or in part, for noncom- mercial purposes as long as full attribution to the work is given. For permission to reproduce any part of this work for commercial purposes, please send a request with complete information to the Copyright Clearance Center Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; telephone: 978-750-8400; fax: 978-750-4470; Internet: www.copyright.com. -
Minutes of the 122 Meeting of State Level Bankers
MINUTES OF THE 122nd MEETING OF STATE LEVEL BANKERS’ COMMITTEE, KERALA Held on 05.10.2017 (Thursday) At Hotel Residency Tower Govt. Press Road, Trivandrum The meeting commenced at 10 a.m. The List of participants is annexed. Smt. G. K. Maya, Convenor, SLBC Kerala & General Manager, Canara Bank welcomed the participants. She informed that the meeting fixed on 26.09.2017 had to be postponed on account of the State visit of the Sovereign ruler of the Emirate of Sharjah to Kerala. She then informed the following: SLBC takes immense pride in the fact that in Kerala, the State government and Banks have always moved hand in hand for the welfare of the people. The latest examples being the Bank Guarantee scheme for MBBS admissions and the revival package for KSRTC, which is getting in shape, through a consortium of banks. The banking scenario is in for a big change this year. State bank of Travancore has merged with SBI. Small finance Banks have entered the arena. Kerala based ESAF bank is here with us today. The Ujjivan Small Finance bank is expected to join us in the next quarter. The Kerala bank is in the advanced stage of formation. The Postal Payment bank is expanding network. Some major mergers are also expected among Public sector banks. In short it is going to be customers‟ world. The long term effects of the Demonetization policy are becoming visible. Many sectors kept afloat by unaccounted money are now facing the hit. Real Estate for instance. RERA, Aadhaar in bank accounts and registrations etc. -
The Catholic Syrian Bank Retirees' Association
THE CATHOLIC SYRIAN BANK RETIREES’ ASSOCIATION No.25/981/1B, TOP CORAL, KUNNATH MANA LANE, THRISSUR- 680001 CIRCULAR No. 02/2015-17 3rd August, 2015 10th BIPARTITE SETTLEMENT – RETIREES ISSUES NOT CONSIDERED In the settlement signed on 25th May, 2015, none of the demands of the retirees were agreed nor sanctioned. This was ispite of the fact that UFBU and its constituents included a detailed list of the demands of retirees in their charter of demands, and assured not to sign the settlement till the demands are met. This has resulted into huge dissatisfaction and disappointment among more than 3 lakh bank retirees and family pensioners. Now, new struggle has begun by the Bank Retirees with new challenges. We are confident that final victory will be ours and AIBRF and retirees movement will come out with flying colours in the coming days. Along with signing wage settlement for employees, IBA and UFBU have signed Record Note Dated 25.05.15 giving their stand on various retiree demands/ issues. This document deals with 8 retiree demands/ issues namely (a) Uniform medical facility (b) LTC to retirees (c) 100 percent Dearness Allowance to pre November 2002 retirees (d) Improvement in family pension (e) Merger of DA up to 4440 points in the basic pension (f) Updation of pension (g) Periodical updation at the time of wage settlement in future (h) Uniform allocation of funds for retirees out of welfare funds. The demands listed in the document cover all our present pending issues. In the beginning of the document , IBA has come out with the statement “ any demand of retirees can be examined only as welfare measure as contractual relationship does not exist between banks and retires.” The unions, while signing the document has not recorded their stand on this issue and thereby endorsed the position taken by IBA. -
![119] 000033 CHENNAI, FRIDAY, APRIL 1, 2011 Panguni 18, Thiruvalluvar Aandu–2042 Part V—Section 2](https://docslib.b-cdn.net/cover/5657/119-000033-chennai-friday-april-1-2011-panguni-18-thiruvalluvar-aandu-2042-part-v-section-2-2215657.webp)
119] 000033 CHENNAI, FRIDAY, APRIL 1, 2011 Panguni 18, Thiruvalluvar Aandu–2042 Part V—Section 2
© [Regd. No. TN/CCN/467/2009-11. GOVERNMENT OF TAMIL NADU [R. Dis. No. 197/2009. 2011 [Price: Rs. 96.80 Paise. TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY PUBLISHED BY AUTHORITY No. 119] 000033 CHENNAI, FRIDAY, APRIL 1, 2011 Panguni 18, Thiruvalluvar Aandu–2042 Part V—Section 2 Notifications relating to list of contesting candidates from Collectors and Returning Officers, other Heads of Departments, Election Tribunals, etc. GENERAL ELECTIONS TO TAMIL NADU LEGISLATIVE ASSEMBLY, 2011 No. SRO E-1/2011. Dated 1st April 2011. In pursuance of sub-rule (2) of rule 11 of the Conduct of Elections Rules, 1961, the following is published for general information:— FORM 7-A LIST OF CONTESTING CANDIDATES [See rule 10(1) of the Conduct of Elections Rules, 1961.] Election to the Tamil Nadu Legislative Assembly from the 1. GUMMIDIPOONDI CONSTITUENCY Serial Name of Candidate. Address of Candidate. Party Affiliation. Symbol Allotted. Number. (1) (2) (3) (4) (5) 1 Chakravarthi Old No. 321, New No. 396, Bharatiya Lotus Sriraman, B. Sengalamman Kandigai, Janata Party Uthukottai Taluk, Tiruvallur District. 2 Srinivasan, D. No. 209/D, C.V. Road, 1st Lane, Bahujan Elephant Tiruvallur-602 001. Samaj Party 3 Sekar, K.N. 16/25, Anna Street, Pattali Mango Kallikuppam, Makkal Katchi Ambattur, Chennai-600 053. DTP—V-2 Ex. (119)—1 [1] 2 TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY Serial Name of Candidate. Address of Candidate. Party Affiliation. Symbol Allotted. Number. (1) (2) (3) (4) (5) 4 Asokan, G. 1/344, Perumal Koil Street, Puratchi Brush Bammudhukulam Village, Bharatham Ambathur Taluk, Tiruvallur District. 5 Sudhakar, M. No. 98, Karakkambakkam, Republican Party of Television Devandavakkam, India (A) Uthukkottai Taluk, Tiruvallur District. -
DIGITAL PAYMENTS BOOK Part1
DIGITAL PAYMENTS Trends, Issues And Opportunities July 2018 FOREWORD A Committee on Digital Payments was growth figures for both volume and value. constituted by Department of Economic Notwithstanding this the analysis finds that Affairs, Ministry of Finance in August 2016 both the data are relevant and equally under my Chairmanship to inter-alia important. They are complementary. In recommend medium term measures of addition to this the underlying growth trends promotion of Digital Payments Ecosystem in Digital Payments over the last seven in the country. The Committee submitted its years are also covered in this booklet. final report to Hon’ble Finance Minister in December 2016. One of the key This booklet has some new chapters which recommendations of the Committee related cover the areas of policy developments, to development of a metric for Digital global trends and opportunities in Digital Payments. As a follow-up on this a group of Payments. In the policy space the important Stakeholders from Different Departments of developments with respect to the Government of India and RBI was amendment of the Payment and Settlement constituted in NITI Aayog under my Act 2007 are covered. chairmanship to facilitate the work relating I am grateful to Governor, RBI, Secretary to development of the metric. This group MeitY and CEO, NPCI for their support in prepared a document on the measurement preparing this booklet. Shri. B.N. Satpathy, issues of Digital Payments. Accordingly, a Senior Consultant, EAC-PM and Shri. booklet titled “Digital Payments: Trends, Suneet Mohan, Young Professional, NITI Issues and Challenges” was prepared in Aayog have played a key role in compiling May 2017 and was released by me in July this booklet. -
A Metro Line in Search of a Car Shed
EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE THE HINDU DELHI SATURDAY, DECEMBER 21, 2019 GROUND ZERO 13 EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE A metro line in search of a car shed After Chief Minister Uddhav Thackeray stayed work on the car shed for Mumbai’s Metro Line 3, the search has begun for possible alternatives. Ajeet Mahale and Tanvi Deshpande report on the ‘development versus environment’ debate brought to the fore by the ‘Save Aarey’ protests n December 1, Vidya Poddar heaved a big sigh of relief when OMaharashtra Chief Minister Udd hav Thackeray ordered the withdrawal of cases registered against 29 persons, including her son, who had staged a protest at the Aarey Milk Colony in Mumbai in October. This was not the only win for citizens fighting to protect Aarey, known as the “green lungs” of the city, where a metro car shed was proposed to be built in place of several hundred -
November 2019
22nd Year of Publication Registration RNI No.67802/98 BBBankingankinganking Volume - XXII No.11 : November 2019 events UUUpdatepdatepdate Contents of this Issue BANKING POLICY : 2 & 3 • Lending by banks to InvITs • Expending Digital Payment Ecosystem • Central Information- Bkg infra BANKING FEATURES : 4-6, 16 • DICGC • Sovereign Gold Bond Scheme • On-tap authorization - Payment Sys DIARY OF EVENTS : Oct-2019: 7 • Policy, Economy • Banking Developments • Capital Markets & Insurance General Awareness : 11-12 Those who win, are those, who think they can Multi-Option questions:13-15 Corporate & Distribution Office Data Bank : 16 1008, Sector 45-B, Chandigarh Phone 0172 2665 623 eMail - bankingupdate123 @ gmail.com www.bankingindiaupdate.com Executive Editor - S. Chand Singh Editor in Chief - Sh. N S Toor 2 ♦ Banking events updatE ♦ November 2019 ANKING Lending by banks to InvITs same to concerned Regional Offices/ Sub- BPOLICY As per RBI circular dated 18.04.17, banks can Offices of the Reserve Bank of India. invest in units of InvITs subject to the specified conditions. Bank / Branch details under the Central Banks and other stakeholders have been seeking clarity on provision Information System for Banking of credit facilities to InvITs. RBI examined and decided (14.10.19) Infrastructure (CISBI) that banks can lend to InvITs subject to the following conditions: RBI maintains the directory of all bank i) Banks shall put in place a Board approved policy on exposures branches / offices / Non-Administratively to InvITs which shall inter alia cover the appraisal mechanism, Independent Offices (NAIOs) / Customer sanctioning conditions, internal limits, monitoring mechanism, etc. Service Points (CSPs) in India, [known as the ii) Without prejudice to generality, banks shall undertake assessment “Master Office File” (MOF) system], which of all critical parameters including sufficiency of cash flows at is updated based on Proforma-I and Proforma- InvIT level to ensure timely debt servicing. -
Impact of Global Financial Crisis on Net Profit
CHAPTER 1 INTRODUCTION AND DESIGN OF THE STUDY 1.1 INTRODUCTION The term financial crisis applied broadly to variety of situations in which some financial institutions or assets suddenly loss a large part of their value. The global financial crisis really started to show its effect in the middle of 2007 and into 2008. It was derived initially by problems in the U.S credit and housing markets. It quickly spread worldwide given the interconnectedness of the global economy in trade, finance and investments. Around the world the stock markets have fallen, larger financial institutions have collapsed or been bought out and govt. in even the wealthiest nations have led to come up with rescue packages to save their financial system. The periodic crises resulting from the capitalist business cycle now unfolds at the global level. The current crisis of the world economy is an outcome of the consolidation of economic power that the globalization of capital has secured for the transnational corporations. This has led to a string of problems associated with the financial, banking, real estate, and productive sectors of the economy that have triggered the current economic crisis. From 1820 to 1970, every decade U.S. workers experienced a rising level of wages. In the 1970s this came to an end; real wages stopped rising and they have never resumed since. U.S. workers became more productive, but got paid the same; wages began to stagnate and decline. The gap between labor and capital grew bigger. They bought other corporations (mergers and acquisitions) and they put their money into banks.