State Bank of India staff all over the country will observe a strike on June 6 demanding security to their counterparts working under threat from insurgents in different parts of the militancy-affected north-east. The All India State Bank Officers' Federation has raised concerns that the SBI's staff posted in the north-east are being forced to work under constant threats from insurgents in different parts of the region, especially in Nagaland and Manipur.
The apparent reason for this bold step is SBI's concern over rising defaults on loans for such farm equipment. The additional trigger for this may have also been the SBI top management's assessment that defaults on farm equipment loans will only rise in the wake of the central government's announcement of the Rs 60,000 crore (Rs 600 billion) farm loan waiver scheme.
The report pointed out that further rate hikes do pose downside risks to Citi's FY'09 and FY'10 GDP estimates of 7.7 per cent and 7.9 per cent, respectively. "...the days of 9 per cent plus growth are over and we believe that India has lost the opportunity to sustain those levels for now, and we expect growth to come in around 7 per cent plus levels in FY'2009-10," Citigroup, in its latest economic and market analysis report for India, stated.
There are still a few lingering issues towards the progress of India-China bilateral relations, the approach for dealing with each other seems to be quite different. With Modi-Xi bonhomie strengthening, it seems that India and China are ready to recalibrate their approaches towards each other, says Sana Hashmi.
Under the deal signed in Moscow last month during Indian Defence Minister A K Antony's visit, HAL will supply large components to Russia's Irkut Corporation for assembling the airframes of Su-30MK fighters. The Russian firm is working on Indian, Malaysian and Algerian export orders.
Rajasthan has taken the lead on structural reforms which could help India attract business and employ a fast-growing workforce.
Communist Party of India- Marxist state general secretary N Varadarajan and Communist Party of India state secretary D Pandian demanded to know why the Centre had sought three months time in the Supreme Court and agreed to consider an alternate alignment. "Why is the government not firm in carrying out the project," they queried. The leaders said other alignments were not acceptable since they will affect marine ecology and the livelihoods of the fishermen.
Hyderabad-based Anshul Sinha is making hard hitting films on important social issues, but there are no takers.
India will have to devise policies to ensure overall growth in FY16.
With Kuwait threatening to disallow landing of India's state-owned carriers at its capital from Sunday, passengers planning to fly to India during summer holidays are now pinning hopes on the crucial talks between both countries.
Mid-caps in cyclical sectors such as cement, financials and capital goods estimated to earn much more
Operations at all branches of State Bank of India across the country are likely to be hit on Friday as its officers' federation has called a day-long strike.
The Indian government is on a wheat buying mission. Officials said India will buy a record amount of the commodity to increase stockpiles even as the world price of wheat has skyrocketed.
'If ever India loses its patience after repeated terror attacks and decides to retaliate against the terrorist camps, Pakistan may term that a conventional military attack and invoke the nuclear option. This is a way to continue with terrorism without retaliation.'
FIFA president Sepp Blatter said that it would be done step by step and in different time frames.
The use of information technology across all hierarchies of an organisation not only increased but also became more sophisticated in the last one year, according to the observations made by a survey.
Assessing the shape of the Indian economy just a couple of days ahead of the Union Budget for 2016-17, Saugata Bhatacharya, senior vice president and chief economist, Axis Bank, speaks about his budget wishlist and suggests measures that can help finance minister Arun Jaitley achieve the targeted fiscal deficit of 3.5 per cent of India's gross domestic product.
They discussed the legislation on the N-deal.
Sania Mirza and Shikha Uberoi won their singles matches to enable India overpower Thailand 2-1 in the women's tennis team competition at the Asian Games.
Telecom connections in the country were expected to reach 250 million by next year, Union Communication and IT Minister Dayanidhi Maran said on Monday.
Ontario, a leading province in Canada has evinced interest in building economic bridges with India and encouraging investments from the emerging south Asian superpower in different sectors including diamond mining.
India must change approach and have better access to networks to fulfil its digitisation dream.
The major area of expansion has been identified as the mobile phones and a 60 million tender for GSM lines has been floated by the company.\n\n
Over 210,000 officers and clerks of State Bank of India struck work demanding revision in pension payment, between 3-10 April.
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
Overall, data and its analysis used in the reports prove that members of staff of DAE, like others, are prone to cancer and suicides! No more, no less! Sensational reports have the potential to do infinite damage to our nation's nuclear energy programe and create unwanted fear, says Dr K S Parthasarathy.
A bench comprising Justice Arijit Pasayat and Justice S H Kapadia has asked the Customs Department to file an affidavit in this regard.
Employees of the State Bank of India will go on a nationwide indefinite strike from April 3 to press for revision of their pension
It is the biggest ever expansion of mobile phone networks in India.
India has sought access to Lashkar-e-Tayiba operative David Headley, the Mumbai terror attack convict now lodged in a US prison, as it insisted on bringing to justice the perpetrators of the 26/11 assault.
The biggest private sector lender, are swarming the market with discounts and special offers
Say goodbye to train journeys as a surprisingly large number of low-cost airlines prepare to slug it out. Take the Rediff Business Quiz and find out how much you know about the new battle in the Indian skies.
Hindustan Aeronautics Ltd will unveil a mock-up display of its Combat Air Trainer, a twin-engine home grown Advanced Jet Trainer, during the Aero India show that begins in Bangalore on Wednesday.
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