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Chennai, Jul 12 (PTI) Public sector Indian Overseas Bank must have a Vision for 2047 aligning with India's growth aspirations, M Nagaraju, Secretary, Department of Financial Services, Union Ministry of Finance, said. He urged the city-headquartered bank to continue serving the evolving needs of its customers with 'innovation and integrity.' Launching some of the key banking services at an event on Friday evening in the presence of the bank's Managing Director and CEO Ajay Kumar Srivastava, Naga ...Read More >
New Delhi, July 12 (UNI) India is now being counted among the countries with the highest levels of equality, Prime Minister Narendra Modi today said, citing a recent World Bank report which had said that India has emerged as the fourth most equal country in the world. He attributed this progress to the wide-reaching impact of welfare schemes and sustained employment generation over the past decade. The Prime Minister was addressing the nation virtually at the 16th edition of the Rozgar Mela, w ...Read More >
New Delhi [India], July 12 (ANI): Bharatiya Janata Party (BJP) MP Nishikant Dubey on Saturday criticised the Leader of Opposition in Lok Sabha, Rahul Gandhi, alleging that the Congress party was 'born' from an 'industrial house.' In a post on X, Dubey shared a transcription of a debate in Parliament in 1969, started by the then Congress MP and former Prime Minister Chandrashekhar, claiming that Indira Gandhi received a total donation of Rs 1.20 crore for a bye-election. He further pointed out ...Read More >
New Delhi [India], July 12 (ANI): Bharatiya Janata Party (BJP) MP Nishikant Dubey on Saturday criticised the Leader of Opposition in Lok Sabha, Rahul Gandhi, alleging that the Congress party was born from an industrial house. In a post on X, Dubey shared a transcription of a debate in Parliament in 1969, started by the then Congress MP and former Prime Minister Chandrashekhar, claiming that Indira Gandhi received a total donation of Rs 1.20 crore for a bye-election. He further pointed out that ...Read More >
Thiruvananthapuram, July 12 (UNI) Bank Employees Federation of India has alleged that the Centre's move to sell shares of State Bank of India (SBI) worth Rs 25,000 crore SBI) is an open attempt to privatize the bank in a phased manner sacrificing national interests. "In 2017, the bank had sold 522 million shares. This reduced the government's stake in the bank to 56.92 percent. Now, with the completion of the targeted share sale, the government's stake will diminish below 55 percent," BEFI vice ...Read More >
New Delhi, July 12 (SocialNews.XYZ) In a push to accelerate employment, Prime Minister Narendra Modi will distribute more than 51,000 appointment letters to newly inducted candidates in various government departments and organisations on Saturday at the 16th edition of the Rozgar Mela, which will take place virtually. PM Modi will address the recruits via video conferencing at around 11 a.m. Today's event will be organised at 47 locations across the country, covering recruitments in several ke ...Read More >
MUMBAI : Shiv Sena (UBT) MP Sanjay Raut on Friday posted a video on X purportedly showing the state's social justice minister Sanjay Shirsat of the Shiv Sena sitting in a room along with a partially opened bag containing what look like bundles of currency notes. Shirsat, however, rubbished the claim, saying the bag only contained clothes.The allegation came a day after it emerged that Shirsat had received a notice from the income tax department seeking an explanation for increase in his financia ...Read More >
NEW DELHI: The rise in UPI payments has helped reduce use of cash in India, a new paper by a team from IMF has said, while using proxies, such as cash withdrawal from ATMs and currency in circulation as a proportion of GDP."Since its launch in 2016, UPI has grown quickly, while some proxies for cash usage have begun to decline. UPI now processes more than 18 billion transactions per month and dominates other electronic retail payments in India. India now makes faster payments than any other coun ...Read More >
Bhubaneswar: Congress President Mallikarjun Kharge launched a scathing attack on the BJP-led central government, alleging that it is attempting to erase the principles of secularism and socialism from the Indian Constitution. Speaking at the 'Samvidhan Bachao Samavesh' in Bhubaneswar on Friday, Kharge warned that the BJP's actions threaten the rights of marginalized communities and the nation's youth. "The BJP government at the Centre is attempting to omit secularism and socialism from our Con ...Read More >
New Delhi, July 11 (SocialNews.XYZ) In a significant step towards further strengthening India's cyber defence capabilities, CERT-In and Birla Institute of Technology and Science (BITS) Pilani Group have collaborated to launch Professional Development Programmes in Cybersecurity for professionals across government, public sector and industry. An 8-week programme in cybersecurity has been designed for working professionals from government, PSUs and industry, which will be delivered by BITS Pilani ...Read More >
Mumbai: Reliance Group Chairman and Managing Director Anil Ambani has secured a legal victory against one of India's biggest public sector banks. Canara Bank, the lead lender in the Reliance Communications (RCOM) case, has backed off after branding Ambani a "fraud". And it did not even wait for a full trial. It simply folded. On July 10, the bank informed the Bombay High Court that it would unconditionally withdraw its "fraud classification" against Ambani in the high-profile RCOM matter. No st ...Read More >
India's Advanced Artillery Gun System (ATAGS) Exemplary Mission Mode Success: Defence Ministry Thursday, July 10, 2025 by Indian Defence News The Advanced Towed Artillery Gun System (ATAGS) project is being hailed as a landmark achievement in India's pursuit of defence self-reliance and artillery modernisation. Developed by the DRDO's Armament Research and Development Establishment (ARDE) in Pune, the ATAGS is a 155mm/52 calibre howitzer designed to replace older, less capable artillery guns in ...Read More >
The Bank of India (BoI) has revised its green deposit fixed deposit interest rates, effective July 7, 2025. The public sector bank offers a maximum of 7.20 per cent to senior citizens (60 years and above) and 7.35 per cent to super senior citizens (80 years and above) on this FD. After the Reserve Bank of India's (RBI) repo rate cut by 50 basis points (bps) in June 2025, several banks revised their FD rates. BoI also revised its FD rates on June 16, 2025, offering the highest rate of 6.70 per ce ...Read More >
Mumbai: A new report by the Boston Consulting Group (BCG) warns that Indian banks must prepare for a period of heightened interest rate volatility after more than a decade of relatively stable and downward-trending rates. The study, Interest Rate Sensitivity in Indian Banking, highlights that the impact of policy rate changes on bank performance is neither immediate nor uniform, and that credit growth is more dependent on borrower sentiment and lender confidence than on rates alone.Empirical evi ...Read More >
Kolkata (West Bengal) [India], July 10 (ANI): Tensions flared in Kolkata's New Alipore after truck owners' association accused the police of vandalizing at least 30 trucks over a parking issue without any prior notice. Kolkata Police said that three personnel were suspended in this case. Pankaj Kumar, head of the Alipore Truck Owners Association, stated that no prior notice was issued by the police regarding this matter. 'This has been done by New Alipore Police. We received a call yesterday ...Read More >
Kolkata (West Bengal) [India], July 10 (ANI): Tensions flared in Kolkata New Alipore after truck owners association accused the police of vandalizing at least 30 trucks over a parking issue without any prior notice. Kolkata Police said that three personnel were suspended in this case. Pankaj Kumar, head of the Alipore Truck Owners Association, stated that no prior notice was issued by the police regarding this matter. This has been done by New Alipore Police. We received a call yesterday and ...Read More >
Pune: Around 3,000 govt employees staged a protest at the collector's office in Pune to list their demands and criticise some of the policies taken by the central and state govt.The protest was in line with the nationwide strike against some of the policies, including privatisation and the proposed Special Public Safety Act."Employees from public sector banks, Life Insurance Corporation of India (LIC), anganwadis, Asha workers, and Bharat Sanchar Nigam Ltd (BSNL) participated in the strike," Vas ...Read More >
Ahmedabad: Banking operations in Gujarat came to a grinding halt on Wednesday as over 20,000 employees from nationalized and select private sector banks joined the all-India strike called by Central Trade Unions. The coordinated protest disrupted cash transactions, cheque clearances and customer servicing across 3,678 branches, affecting transactions worth an estimated Rs 15,000 crore, leaving traders, businesses and industrialists held up for important work.The strike drew participation from pu ...Read More >
T'puram/Kochi/Kozhikode: The nationwide strike called by central trade unions demanding a rollback of labour reforms and protection of public sector institutions brought Kerala to a near-total standstill on Wednesday.All sectors -- except essential services -- were paralysed, with shops, factories, offices and educational institutions shut across the state. Public transport took a major hit, leaving many stranded at bus stands and railway stations. Scattered incidents of violence and clashes wer ...Read More >
Bhopal, July 9 The Enforcement Directorate's (ED) Bhopal Zonal Office, has provisionally attached immovable assets valued at Rs ... Bhopal, July 9 The Enforcement Directorate's (ED) Bhopal Zonal Office, has provisionally attached immovable assets valued at Rs 50.80 lakh in a money laundering case involving Shyamlal Akhand, former Enforcement Officer of the Employees' Provident Fund Organisation (EPFO), ED officials said on Wednesday. The move came under the provisions of the Prevention of Mone ...Read More >
New Delhi: Non-banking financial companies (NBFCs) will be central to India's journey towards becoming a Viksit Bharat (developed nation) by 2047, but they must follow responsible and transparent lending practices, finance minister Nirmala Sitharaman said on Wednesday. Addressing the NBFC Symposium 2025, organized by the department of financial services (DFS) in New Delhi, Sitharaman said interest rates must remain reasonable, rate cuts must be passed on to borrowers, and all charges must be cl ...Read More >
Jamshedpur, July 9: A nationwide strike called by the joint platform of central trade unions saw a significant impact across the Kolhan region on Tuesday, as workers in public sector banks, insurance and several government and private organizations joined the protest, bringing operations to a halt. The strike was organized in protest against the Central Government's move to implement four new labour codes, which unions say are anti-worker and pro-corporate. These codes, passed in Parliament in ...Read More >
Shimla (Himachal Pradesh) [India], July 9 (ANI): As part of the nationwide strike called by central trade unions and farmer organisations, workers across Himachal Pradesh joined protests at district and block headquarters, bringing public services to a near halt in several areas, including the state capital, Shimla. Braving heavy rains, hundreds of workers, including sanitation staff, health workers, bank employees, and anganwadi and midday meal workers, participated in demonstrations demanding ...Read More >
Indore, July 9 (PTI) Banking services in Madhya Pradesh were affected on Wednesday as around 40,000 employees of public sector and regional rural banks across 8,700 branches participated in a strike called by trade unions, an association leader said. Normal life in Indore, the commercial capital of the state, remained unimpacted. Public transport and essential services were also not affected. A forum of 10 central trade unions has called for a strike for various demands including doing away wi ...Read More >
New Delhi, July 9: A nationwide strike gripped India on Wednesday, as more than ten central Trade Unions, backed by farmer groups and rural worker organisations, launched a general shutdown in protest against the Centre's alleged "anti-worker, anti-farmer, and pro-corporate" policies. The 'Bharat Bandh' disrupted essential services across several states in the country. The protests remained peaceful across the nation, except in Tamil Nadu and West Bengal, where the protestors clashed with the p ...Read More >
Srinagar, July 9: Audio recordings reviewed by the BBC reportedly implicate Bangladesh's former Prime Minister Sheikh Hasina in ordering a violent crackdown on mass protests in 2024 -- allegations that are now the subject of an ongoing trial. According to United Nations estimates, as many as 1,400 people were killed during the July-August 2024 unrest, when government forces attempted to suppress a nationwide protest movement amid Hasina's disputed hold on power. Now 77, Hasina fled to India fo ...Read More >
Bhubaneswar, July 9 (SocialNews.XYZ) The cease work strike by Odisha bus and truck drivers' association and the nationwide 'Bharat Bandh' call given by various Trade Unions affected normal life in several parts of the state. Drivers across Odisha continued their cease-work strike for the second day on Wednesday, as different rounds of talks between the state government and the association failed to yield any results on Tuesday. The drivers' association continued their strike demanding a writte ...Read More >
New Delhi [India], July 9 (ANI): BJP MP Praveen Khandelwal on Wednesday said that there is no effect of the Bharat Bandh on any commercial market across the country, adding that they are functioning at their regular pace. Bharat Bandh has been called by a joint forum of 10 central trade unions, alleging that the central government is pushing 'pro-corporate' policies. The statement issued by Khandelwal said, 'There has been absolutely no effect of the so-called Bharat Bandh on any commercial ma ...Read More >
Ernakulam (Kerala) [India], July 9 (ANI): Normal life was hit in Kerala Ernakulam district on Wednesday with public transport and commercial establishments shut in the nationwide Bharat Bandh by the combine of trade unions. Supporters of the strike blocked Kerala State Road Transport Corporation buses from Ernakulam to Kozhikode. Many travellers were seen waiting at the bus stops, unable to get buses. Left parties trade unions are staging a Bharat Bandh, alleging that the central government is ...Read More >
Ernakulam (Kerala) [India], July 9 (ANI): Normal life was hit in Kerala's Ernakulam district on Wednesday with public transport and commercial establishments shut in the nationwide 'Bharat Bandh' by the combine of trade unions. Supporters of the strike blocked Kerala State Road Transport Corporation buses from Ernakulam to Kozhikode. Many travellers were seen waiting at the bus stops, unable to get buses. Also Read | Food Poisoning in Gujarat: Over 100 Students Fall Ill Following Dinner at Mah ...Read More >
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