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ECI sends transfer advisory to CSs and CEOs of 5 poll-bound states including West Bengal

ECI sends transfer advisory to CSs and CEOs of 5 poll-bound states including West Bengal Agencies December 19, 2020 New Delhi, Dec 19: The Election Commission of India (ECI) has sent an advisory to chief secretaries (CSs) and chief electoral officers (CEOs) of five poll-bound states on transfer/posting of officers connected with the conduct of elections. The states include Andhra Pradesh, Arunachal Pradesh, Odisha, West Bengal and Sikkim. The advisory dated December 18 reads, to ensure free and fair election, the Commission has been following a consistent policy to the effect that officers directly connected with conduct of elections in an election going State/UT are not posted in their home districts or places where they have served for a considerably long period.

1913 wilful defaulters together owe Rs 1 46 LAKH CRORE to banks as on Jun 2020: RBI

1913 wilful defaulters together owe Rs 1.46 LAKH CRORE to banks as on Jun 2020: RBI Agencies December 17, 2020 Hyderabad, Dec 17: The Reserve Bank of India (RBI) has said there are 1,913 wilful defaulters, who together owed Rs 1.46 lakh crore to banks as on June 2020. Pune-based RTI activist Vivek Velankar had filed the RTI application with RBI to get information on wilful defaulters. He said, The information shared by RBI reveals that there are 264 wilful defaulters who defaulted on a loan of Rs 100 crore and above owe Rs 1,08,527 crore to banks. Sharing with UNI, the RBI information to Mr Velankar, All India Bank Employees Association (AIBEA) General Secretary Ch Venkatachalam on Thursday said, While the common borrowers are struggling with repaying equated monthly instalments (EMIs) of their loans and also face harassment for missing a single EMI, big and wilful defaulters seem to not only go scot-free but also live life king-size without any worry or fear of any action

Corporate ownership of banks is not the way to Atmanirbhar Bharat

Corporate ownership of banks is not the way to Atmanirbhar Bharat The experience of bank failures across the world throws light on the nexus between politicians, corporates and the bank higher-ups. The losers in all such cases are the depositors and the workers. December 17, 2020 9:23:42 pm 2021 Bank Holidays list: Banks remain closed on second and fourth Saturdays of every month.(Representational) It was not without reason that the Reserve Bank of India is called the bank of banks. Its policies and regulations have an indisputable impact on the country’s fiscal stability. When political priorities, populist compulsions or demands of cronyism pushed the government to divert from its often-proclaimed goal of economic stability, the RBI has felt compelled to intervene. Many times, it has suggested corrective measures. There have been times when the government of the day was at loggerheads with the RBI on matters related to the health of the ban

264 Big Wilful Defaulters Owe Rs1 08 Lakh Crore to Banks, Reveals RBI

 7 While the common borrowers are struggling with repaying equated monthly instalments (EMIs) of their loans and also face harassment for missing a single EMI, big and wilful defaulters seem to not only go scot-free but also live life king-size without any worry or fear of any action due to the the banks, especially the public sector banks (PSBs), turning a blind eye on these lapses. In a reply to an application filed under the Right to Information (RTI) Act, the Reserve Bank of India (RBI) says there are 1913 wilful defaulters, who together owed Rs1.46 lakh crore to banks as on June 2020.

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