Is there a conflict of interest in civil servants having a decisive say on the recommendations made by a Pay Commission or is it time for a new review mechanism, asks A K Bhattacharya.
Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
Payments banks are niche banks which will be allowed to function with several restrictions.
There was high drama before the commencement of National Eligibility cum Entrance Test for medical and dental courses, at various centres across Chennai, Coimbatore, Madurai, Salem, Tiruchirapalli, Namakkal, Tirunelveli and Vellore when students were frisked and some were asked to cut off their sleeves, while a few female students were asked to remove their bras!
A senior official of India Post at Kolkata General Post Office told PTI that since e-commerce is a sunrise industry, it is trying to earn higher revenue in the region by involving local traders and business houses.
A better system of operating central and state PSEs, and indeed all commercial activities of the government, would require eliminating the current system that oversees them.
The Central Bureau of Investigation has arrested an Reserve Bank of India official and a JDS leader K C Veerendra, who is also a casino owner, in connection with separate cases relating to alleged illegal conversion of currency post-demonetisation.
Modi credited the soldiers for maintenance of peace and security in the country and called upon everyone to remember their gallantry while celebrating Diwali.
'A fresh look is being given to ways of processing, transmission, and delivery.'
It will escalate costs, mandate regulator to check malpractices, set standards.
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
Prime Minister Narendra Modi on Sunday cautioned against "commodifying" yoga, saying using it as some sort of business will do great damage to this world heritage.
The Reserve Bank of India (RBI) on Thursday paved the way for niche banking by issuing draft guidelines for setting up payment banks and small banks.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
Two key depts in ministry cold to rationale for one; postal dept says it's more eligible than IDFC or Bandhan, feels 'strong lobby' scuttling its plans.
Law minister Ravi Shankar Prasad believes governance finally on track. An exclusive chat with Rashme Sehgal.
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