Thousands transferred, branches closed, but no major protests in SBI

Thousands transferred, branches closed, but no major protests in SBI

  Chennai, August 15 (IANS) India’s largest lender, State Bank of India (SBI), has rationalised 716 offices (594 branches and 122 administrative offices) and several thousands of employees have been transferred beginning this fiscal, but, strangely, there have been no major protests, top officials said.   Several hundreds of offices would be closed and thousands […]

Government to handhold farmers from seeds to markets: Modi

  New Delhi, August 15 (IANS) Prime Minister Narendra Modi on Tuesday said the government would handhold farmers right from procurement of seeds to access to the markets in order to improve their lives.   “Unless we give them facilities from seed to the market, we cannot change their fate,” Modi said in his speech […]

India’s retail inflation picks up for first time in four months

India’s retail inflation picks up for first time in four months

  NEW DELHI, August 14 (Reuters) – India’s annual consumer price inflation picked up in July after easing for three straight months as a decline in food prices abated, but it remained well below the central bank’s central target.   The consumer price index, the main policy target for the Reserve Bank of India (RBI), […]

Google rolls out anti-phishing mechanisms for iPhone Gmail app

  San Francisco, August 13 (IANS): Google has rolled out its anti-phishing mechanisms for the Gmail app for iPhone users that will warn you about potential phishing attacks when you click on a shady link. Google said the new feature will take nearly two weeks before it is available everywhere.   According to a statement, […]

Snapdeal, India Mart issued notice for selling wildlife items

  Bhopal, August 13 (PTI): The Madhya Pradesh Tiger Strike Force has served notice to e-commerce firms Snapdeal, India Mart, Wish and Buy and Craft Comparison for allegedly selling wildlife products on their portals.   The notices were served to the e-commerce companies last week after their names surfaced during an investigation of the seizure […]

Indian economic cycle entering strongest phase

  NEW DELHI, August 13 (PTI): The Indian economy is at the cusp of entering its strongest growth phase and a full blown bull market is yet to play out with the wide-based Nifty expected to touch 11,500 in 2018, says a report. An economy enters the strongest phase of growth when stocks, bonds and […]

Assocham urges bringing all skill development under one ministry

  New Delhi, August 13 (IANS): Skill development programmes currently run by various ministries should be handed over to the Skill Development Ministry with a sanctioned budget of Rs 25,000 crore, industry chamber Assocham suggested in a report on Sunday.   “Despite establishment of a dedicated ministry, many skill development schemes still remain with respective […]

Post note ban, why were new Rs 500 notes late in coming?

Post note ban, why were new Rs 500 notes late in coming?

  New Delhi, August 13 (IANS) Two days after the demonetisation on November 8 last year, the new 2,000-rupee note hit the market in good numbers but the new 500-rupee note took a long time in coming, putting millions of people in difficulty for days on end.   Have you ever wondered why it happened? […]

GST rate of 3% on gold too low: Economic Survey

GST rate of 3% on gold too low: Economic Survey

  New Delhi, August 12 (IANS) The Goods and Services Tax (GST) rate of 3 per cent on gold was low and needs to be increased as it is consumed by the “very rich”, feels Chief Economic Advisor Arvind Subramanian, the author of the Economic Survey.   According to the Economic Survey Volume II 2016-17, […]