'The CEO will neither be able to guide the senior team in operational matters nor decide on their appointment, compensation or removal.' 'Yet, the CEO is responsible for the profit and loss of the bank!' 'Why would the senior executives listen to him?' 'Which self-respecting professional would want to be a CEO with these constraints?' asks Tamal Bandyopadhyay.
The Reserve Bank of India on Thursday said banknotes in circulation witnessed higher than average increase during 2020-21, on account of precautionary holding of cash by people due to the COVID-19 pandemic, and its prolonged continuance. The value and volume of banknotes in circulation increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21, as against an increase of 14.7 per cent and 6.6 per cent, respectively, witnessed during 2019-20, said the RBI annual report. In value terms, the share of Rs 500 and Rs 2,000 banknotes together accounted for 85.7 per cent of the total value of banknotes in circulation as on March 31, 2021, as against 83.4 per cent as on March 31, 2020.
The case of alleged bribery of Syndicate Bank Chairman-cum-Managing Director S K Jain may come up for discussion in the meeting of Special Investigation Team on black money, as it is a "classic" case of how proceeds of corruption were transferred through hawala channels.
The finance minister also said that the merger would not result in any retrenchment but rather improve the benefit of the employees.
The Central Board of Secondary Education (CBSE) will announce the results online.
Prince Ram Niwas Yadav has been banned by the BCCI from domestic cricket for the next two seasons after being found guilty of fudging his age in under-19 tournaments.
I-T department's direct taxes target for the current financial year is Rs 6.36 lakh crore (Rs 6.36 trillion.
There was no law or autonomous body governing digital content in India so far. Now, OTT and other platforms, including digital news websites, are expected to fall within a governmental framework of rules and regulations.
England's cricket players on central contracts have agreed to take a 15% pay cut for 12 months due to the impact of the COVID-19 pandemic on finances
The ED said in a statement that it has attached the properties including land, building and structure and plant and machinery of Jarandeshwar Sahkari Sugar Karkhana at Chimangaon, Koregaon, Satara worth Rs 65,75,00,000 under the provisions of the Prevention of Money Laundering in a case related to Maharashtra State Co-operative Bank (MSCB).
Apart from bringing new suppliers on board, Xiaomi is also hoping to take advantage of the newly launched PLI scheme that offers incentives on incremental production of smartphones with 2020 as the base year.
His son Karti was questioned by the agency in the same case on Thursday for about six hours.
Urvashi Vaid dreamed of a common movement for social justice that could address them all: Racism, gender oppression and homophobia. Sandip Roy salutes the memory of Urvashi Vaid, one of America's most prominent LGBT activists, who passed into the ages this month.
This is because no prosecution complaint has been filed in any of these cases under the Black Money Act.
The meeting lasted for nearly two and a half hours.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
While Ayodhya resembled a city under seige earlier during the day, the scene was no different elsewhere in the state with police and central forces keeping an eye over the security situation and Chief Minister Yogi Adityanath personally monitoring it from a hi-tech control room in the state capital.
The taxman carried out a total of 677 search, survey and enquiry operations
Ratul Puri, already under probe scanner of the agency in the AgustaWestland VVIP chopper case, has been arrested by the Enforcement Directorate in connection with a Rs 354 crore bank loan fraud case.
As the Indian Army reported its first case of the infection with a 34-year-old soldier testing positive in Leh, the Army said it has taken a series of precautionary measures to prevent the spread of coronavirus among the forces such as checking flu symptoms among soldiers on their return from leave and cancelling non-essential travel, conferences and recruitment drives.
The Enforcement Directorate (ED) on Tuesday arrested the former CFO and internal auditor of the Cox and Kings Group in connection with its money laundering probe in the Yes Bank alleged loan default case. The agency said ex-chief financial officer Anil Khandelwal and internal auditor Naresh Jain were arrested under the provision of the Prevention of Money Laundering Act
Deployed at 15,632 feet, Captain Shiva Chauhan, 25, highlights the calibre of the Indian Army's women officers.
"There are not sufficient number of applications received by the government. The extension in the last date has been given to allow more people to apply for the posts," a senior government official said.
Data from Tamil Naduindicates that NEET favours likely CBSE students. CBSE students took every third seat available in government medical colleges in the state.
The high court's order came on a plea by acquitted individual and Kusegaon Fruits and Vegetables Pvt Ltd director Asif Balwa that the CBI has not placed on record the mandatory authority under the provisions of the CrPC.
Of the 23 companies, eight have raised funds after Shark Tank India.
"Lalu Prasad is having trouble breathing for the last two days. On Friday, he was found to be having pneumonia. Considering his age, we have decided to shift him to AIIMS-Delhi on the advice of doctors for better treatment," RIMS Director Dr Kameshwar Prasad said. "He is likely to be shifted to AIIMS today. We have already spoken to the experts at AIIMS," he added.
Australia has blazed a trail for women's cricket in recent few years but some players are worried that the national board may trim back domestic competitions as part of cost-cutting measures.
The Enforcement Directorate questioned former Jammu and Kashmir chief minister Omar Abdullah for five hours on Thursday in connection with a case related to the purchase of a building by the J&K Bank about 12 years ago when he was in office, officials said in New Delhi.
We do not expect any major price action at SBI counter as the swap ratio being largely neutral
Unhappy with the recreation of his song Masakali, A R Rahman has asked fans to listen to the original track, saying his team put in a lot of hard work and sleepless nights in composing it.
The CISF has said it was the 'first responder' to rescue passengers on Friday as its Assistant Sub Inspector Ajit Singh was on runway patrol when the Air India Express flight from Dubai with 190 people on board overshot the table top runway, fell into a 35-foot valley and broke into two.
New Delhi was reluctant to spook investors by clipping the bank's wings
It said even if the film is released on April 11, as claimed by the Congress activist, it will be appropriate for him to seek a redressal from the Election Commission.
In May, Satpal Singh, who runs a dairy business with three buffaloes in Jewar, near Noida, was worried about the steep spike in input costs. Singh said dry fodder rates, which cost Rs 1,500-2000 per tractor trolley last year, were quoting at Rs 4,500-5,000. The price of other cattle feed ingredients (that include mustard meal and similar mixes) had also gone up from Rs 2,000 per quintal to Rs 3,100-3,200 per quintal.
The family sources said that Chidambaram has lost around 8-9 kg since his detention.
Former Central Board of Direct Taxes chief K V Chowdary and Information Commissioner Vijai Sharma were on Monday appointed Central Vigilance Commissioner and Chief Information Commissioner, posts which have remained vacant for over nine months on which the government drew some flak.
The central agency is probing Kapoor's role in connection with the disbursal of a loan to a corporate entity and the subsequent alleged kickbacks that were reportedly received in his wife's accounts.
India's forex reserves recently declined by $704 million to $354.517 billion.
FinMin finally sacked executive directors K V Brahmaji Rao and Sanjiv Sharan on January 18. The bank's board, however, had felt they had no criminal intent and it was a case of 'casual oversight'
