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Telugu Identity to Disappear from Country's Banking Sector

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Telugu Identity to Disappear from Country's Banking Sector Follow us on: RNI No. APENG/2018/764698 @TheDailyPioneer facebook.com/dailypioneer Established 1864 Published From ANALYSIS 7 VIJAYAWADA 9 SPORTS 12 VIJAYAWADA DELHI LUCKNOW BHOPAL NATION FIRST, VIVA FOOTBALL GAUFF BOOKS RAIPUR CHANDIGARH BHUBANESWAR NOT JINGOISM FANS! OSAKA DATE RANCHI DEHRADUN HYDERABAD *Late City Vol. 1 Issue 306 VIJAYAWADA, SATURDAY AUGUST 31, 2019; PAGES 12 `3 *Air Surcharge Extra if Applicable SAAHO REVIEW: ‘BAAHUBALI’ COMES DOWN CRASHING { Page 11 } www.dailypioneer.com ANDHRA BANK GOES THE SBH WAY …. GREAT RECESSION GDP growth drops Telugu identity to disappear to 5%, at 6-year low PNS n NEW DELHI Nripendra Misra from country’s banking sector The Gross Domestic Product (GDP) growth for the first Misra, Prin Death blow to the vestige of Telugu identity and linguistic affinity quarter of the financial year 2019-20 dropped to five per Secy to PM, L VENKAT RAM REDDY cent, a sharp decline of 0.8 per n HYDERABAD cent points compared to the last quarter that ended in wants to leave For records, the amalgamation Govt announces mega March. The current GDP NEW DELHI: Prime of the Union Bank of India, numbers are the worst in the Not much of an Minister Narendra Modi's Andhra Bank and the last seven years. economist myself, but Principal Secretary, Corporation Bank sounds merger of PSBs The GDP at Constant Nripendra Misra, has good as it would create India's (2011-12) Prices in Q1 of the news of GDP expressed his intention to be fifth largest PSB with Rs 14.6 PNS n NEW DELHI 2019-20 is estimated at Rs growth relieved of his duties, the gov- lakh crore business and the 35.85 lakh crore, as against dropping to ernment said on Friday. Modi fourth largest branch network. In the biggest consolidation Rs 34.14 lakh crore in Q1 5% in Q1, down has asked him to continue for Still, the invaluable intangi- exercise in the banking space, of 2018-19, showing a from 5.8% two weeks, principal gov- bles lost in the process, partic- the government on Friday growth rate of 5.0 per cent, ernment spokesperson ularly the linguistic affinity announced four major merg- news agency ANI reported. (worst in 5 years) Sitanshu Kar said. Former that people had for Andhra ers of public sector banks, The financial year 2018-19 is most certainly cabinet secretary P K Sinha Bank, not just for its name of bringing down their total ended with an overall Gross troubling Wonder if Union has been appointed as officer Telugu descent but also its number to 12 from 27 in Domestic Product (GDP) Govt has solutions /answers on special duty by the Prime last-mile connectivity across 2017, a move aimed at mak- growth rate of 6.8 per cent, Minister, he said. Misra has the two Telugu states with ing state-owned lenders glob- which was marginally lower /ideas to make sure this been with Modi in the PMO unique systems designed to al sized banks. compared to the year before. doesn't go on to become a since 2014. relate to the local people, can- United Bank of India and The growth rate for the fourth full blown recession. not ever be replaced by the Oriental Bank of Commerce quarter of FY 2018-19 Thoughts anyone? larger entity that has taken will be merged with Punjab Nirmala Sitharaman (January to March) stood at — KTR shape. For instance, Andhra National Bank, making the 5.8 per cent. TRS working president CBDT notifies Bank pioneered in launching n Telangana lost its identity with and multi-faceted genius Dr. proposed entity the second Similarly, Andhra Bank The new GDP growth num- mobile biometric ATMs, which SBH merger in April 2017 Bhogaraju Pattabhi largest public sector bank and Corporation Bank will bers come at a time when the special cell offers convenience to illiterate Sitaramayya. Sitaramayya (PSB). be consolidated with Union Indian economy is going consumption in the domestic and uneducated customers. n Andhra Bank to confine to founded Andhra Bank in Making the announce- Bank of India. through a downturn, which market, particularly rural These ATMs stop at predesti- history after merger with UBI Machilipatnam. It was regis- ments, Finance Minister In place of fragmented has particularly hit the auto, areas, and a decline in pur- for startups nated sites and the customers, tered on 20th November 1923 Nirmala Sitharaman said lending capacity with 27 manufacturing and real estate chasing power. NEW DELHI: The CBDT on instead of entering their per- and the bank commenced Syndicate Bank will be PSBs in 2017, now there will sectors. The economic situation has Friday notified creation of a sonal identification number granting commitment, cannot business on 28th November merged with Canara Bank, be only 12 state-run banks Some of the factors behind got complicated in the view of five-member special cell to (PIN), have to match their do justice to the Telugu iden- 1923 with a paid-up capital of while Allahabad Bank will be post consolidation, the slowdown are an uncertain banks refusing to lower lend- address the grievances of fingerprints in the bank data- tity that was intertwined with Rs 1.00 lakh and an authorised amalgamated with Indian Sitharaman said. world economy due to the US- ing rates and adopting a cir- startups with relation to angel base. Andhra Bank, which was capital of Rs 10.00 lakh. Bank. China trade war and Brexit cumspect approach in extend- tax and other tax-related The new amalgamated PSB, founded by freedom-fighter Continued on Page 4 concerns, a substantial drop in ing credit to industry. issues. An order issued by the Central Board of Direct Taxes (CBDT) said the 'Startup Cell' will be headed by the Online Natl member (Income Tax and Non-bailable Computerisation) of the lab directory AP to develop water Board. "The cell will work towards redressal of griev- ances and mitigate tax-relat- warrant issued launched ed issues in case of startup PNS n NEW DELHI grid in three phases entities with respect to administration of Income-tax against Renuka Consumer Affairs Minister PNS n AMARAVATI Act, 1961," the order, accessed Ram Vilas Paswan on Friday by this reporter, said. PNS n HYDERABAD launched an online directo- The State government will Rahul targets ry, which provides informa- develop a water grid in three A court in Telangana on tion about Indian standards phases to supply safe drinking Modi over not Friday issued a non-bailable of various products and test- water to the people across the HC asks TS PCB warrant against senior ing infrastructure in the state, Chief Minister Y.S. Jagan Congress leader and former country for the benefit of var- Mohan Reddy announced on visiting Kerala to book cases Union Minister Renuka ious stakeholders such as Friday. PNS n NEW DELHI Chowdhury. start-ups. At a review meeting, the for using plastic The Second Additional First There are estimated 10,000 Chief Minister directed the Congress leader Rahul Class Judicial Magistrate`s labs across the country. officials from Andhra Pradesh Gandhi on Friday criticised wrappings Court in Khammam district Currently, about 4,500 labs Drinking Water Supply Prime Minister Narendra HYDERABAD: The issued the warrant as she had owned by public and private Corporation (APDWSC) to Modi for not visiting flood- Telangana High Court on not been attending the court Renuka Chowdhur academic institutions are list- expedite works to implement hit areas in Kerala and said Friday asked the Greater proceedings in connection ed on the online directory. the water grid scheme in three the state was awaiting a relief Hyderabad Municipal with a four-year-old cheating ceedings and had even alleged- "The directory is a one-stop phases and ensure that clean The Chief Minister directed Andhra Pradesh package. Corporation to file a report case against her. ly refused to receive the sum- solution for all testing drinking water is supplied to His criticism came through revealing its strategy to curb It is alleged that the mons, the court issued a non- requirements and houses people. Drinking Water Supply Corporation officials to a tweet as Modi said that the use of plastic wrappings Congress leader took money bailable warrant against her. information about all testing He wanted the first phase to supply safe drinking water directly from the Kerala was "special" to him around Ganesh idols during from an aspirant for the Renuka Chowdhury lost to facilities available in the coun- cover Srikakulam, East treatment plants to the homes of the people and he visited Guruvayur Sri the upcoming Ganesh festi- Telangana Assembly elections TRS from the Khammam Lok try today," Paswan said after Godavari, West Godavari and Krishna Temple in the state val celebrations. It also asked ticket in 2014, but did not Sabha seat in the General the launch of the directory. Prakasam districts. He asked with kidney ailments in Uddanam area of after winning his second the Telangana State Pollution return the money after failing Election in May. Consumers can also make officials to ensure that the Srikakulam. He asked them to prevent term. Control Board (TSPCB) to to get him the ticket. "My husband was not given use of the information to test Uddanam water project cover "Dear Mr Modi, After your file cases against all the vio- A case of cheating was reg- the Wyra ticket and he asked the quality of the products the entire district of contamination of water in drinking water storage visit to Guruvayur - a huge lators of Plastic Waste istered against her in 2015 on Renuka Chowdary to return they are using, he added.
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