India launches AI-driven SPEEED platform to track athlete performance, predict injuries, tackle age fraud and revolutionise sports science nationwide.
Hockey star Hardik Singh lone recommendation for Khel Ratna; Divya, TJ & Mehuli for Arjuna
Villagers protesting against the expansion of a coal mine clashed with police in Chhattisgarh's Surguja district, resulting in injuries on both sides. The protest stems from opposition to the Amera extension coal project of South Eastern Coalfields Limited (SECL), despite the land acquisition process being completed in 2016.
After defying medical advice and spending few hours at a Delhi hospital, Poland's Roza wins gold
The Indian government has officially classified the car explosion outside the Red Fort as a terrorist incident, vowing to bring the perpetrators to justice swiftly. The Union Cabinet, led by Prime Minister Narendra Modi, has reaffirmed its zero-tolerance policy towards terrorism and expressed condolences for the victims.
It was a beautiful Monday for many film folk, as they were conferred with Padma Awards at the Rashtrapati Bhavan by President Droupadi Murmu.
In FY23, the State Bank of India (SBI) reported a 57.4 per cent jump in its net profit to Rs 55,684.17 crore. But the chairman of the country's largest bank, Dinesh Khara's annual pay for this creditable performance was just Rs 37 lakh (his peers at state-run banks are no better off). Look at his private bank rivals - most pocketed in excess of Rs 7 crore annually - plus stock options.
The Odisha government has constituted a fact-finding committee to investigate the circumstances surrounding the death of a Nepali student at KIIT University and the subsequent protests by students. The three-member panel will investigate the institute's handling of the situation, including the suspension of students seeking justice. The incident has sparked outrage and raised concerns about the safety of international students at the institute. The Nepal government has threatened to stop issuing no objection certificates for students studying in Odisha if the situation is not resolved.
The death toll in the overnight stampede at the New Delhi Railway Station climbed to 18 on Sunday, with a senior railway official saying the incident occurred after some passengers slipped and fell on others while coming down from a footover bridge.
Police have launched a probe into the killing of former Maharashtra minister Baba Siddique from different angles, including a possible contract killing, business rivalry or threat over a slum rehabilitation project, officials said on Sunday.
The rally followed the govt's plan to bolster state-owned lenders.
Out of the 20 candidates announced by the BJD for the 21 Lok Sabha seats, Chief Minister Naveen Patnaik's party has nominated at least seven leaders who came from either the Bharatiya Janata Party or the Congress.
The government will not bring down its ownership in public banks.
Citing Section 144 CrPC was in force in parts of Sandeshkhali and it would not be prudent to allow them access to the area even in groups of four-five, senior police officers stopped their convoy at the Bhojerhat area, which is around 52 km from the riverine area, on Basanti Highway.
A top-class board is important from a systemic point of view, more so at a time when the wider financial world and India Inc is chasing the same talent as banks.
Many bankers say the move will have a serious impact on the chain of command of nationalised banks and that it would only enable the government to dish out favours to a few of their own men.
India has a long way to go before it develops a culture of professional boards accountable to institutional investors. There is, therefore, no realistic alternative to reforming and strengthening PSBs under government ownership, says T T Ram Mohan.
RBI says haste in easing norms for banks harmful to economy.
The talk of governance reforms at public-sector banks seems to remain on paper, as a majority of them continue to be working with just a handful board members. Half of the board seat at these banks have been vacant. Ten of the 12 public-sector banks, even large ones like Punjab National Bank, Canara Bank and Union Bank of India - all except State Bank of India (SBI) and Bank of Baroda - don't even have a chairman. In 2014, while splitting the post of chairman & managing director (CMD), the government had decided to appoint non-executive chairmen at these banks. SBI, which has an executive chairman and four managing directors, was an exception.
Banks will need more funds, as they have to provide more capital.
The election of Tytler as an AICC delegate drew strong reactions from Delhi's ruling AAP and the BJP, which said it exposed the opposition party's character of creating division and chaos in the country.
Economy improving but long way to full recovery, says FSDC.
A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.
The government must set up a Bank Investment Company to shrink its role in PSBs, if we are serious about tackling the two persistent issues - lax corporate governance practices and discretionary decision-making, says Shyamal Majumdar.
In the policy banks, the government can have 100 per cent stake, McKinsey said.
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
Pant, a 1991-batch Indian Administrative Service officer of Rajasthan cadre, is currently secretary in the ministry of ports, shipping and waterways.
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At the retreat, PSBs had suggested the government cut its stake in these entities to less than 51 per cent over a period of time and empower the boards of individual banks.
Union Finance Minister Arun Jaitley is set to present the Budget next month.
The problem of stressed assets needs to be addressed with effective recovery.
Merely bringing down the government stake below 51% may not find any taker for the PSBs. The government must bring down its holding to at least 26%, recommends Tamal Bandyopadhyay.
RBI may revise remuneration for banks.
The election was necessitated as the term of office of seven members expires on June 14.
The JD-U leader's outbursts against his former ally came in response to queries from journalists about Shah's speech earlier in the day at Sitab Diara.
The most common complaint of financial consumers is cumbersome processes, complicated products, usurious charges, and mis-selling of products, which finally don't deliver what is promised or as expect, notes Debashis Basu.
Indian athletes, including the boxers and shooters, hit the ground running as they started their pre-Olympic training, hoping to live up to massive expectations in the pandemic-hit Games in Tokyo.
RBI has cited at least 10 areas where it has no control over PSBs.
The tussle for power between Chhattisgarh Chief Minister Bhupesh Baghel and health minister TS Singh Deo appears to have quietened at the top, but the feud is very much visible at the lower level in the ruling Congress.
The incidence of corruption cases can be checked to a large extent if the suggestions already available with RBI and the government are taken seriously, says Shyamal Majumdar.
13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to resort to populist tricks.
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