In a poor demand scenario, it becomes tough to convince MSMEs to draw more loans and push them to the verge of over-indebtedness. Ever since the launch of the scheme, branch level employees have been under tremendous pressure to show maximum amount of sanctions. I’m told that to show bigger numbers, some branches have been even asked to pre-sanction the loans to all eligible borrowers and push for disbursement. … [Read more...] about Banking Central | Who will save India’s public sector banks from politicians?
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To minimise accidents and enhance marine environment, the government on Tuesday announced separate operation routes for merchant and fishing vessels in south-west Indian waters. The Arabian Sea around the country's south-west coast is a busy route with a substantial number of merchant ships passing through the area along with a large number of fishing vessels also operating there, resulting in collisions and loss of lives at times. … [Read more...] about Government separates operation routes for merchant, fishing vessels in south-west Indian waters
According to an office memorandum issued by the department, the payment of "Provisional Pension" will initially continue for a period of six months from the date of retirement and the period of "Provisional Pension" may be further extended up to one year in exceptional cases. … [Read more...] about Central govt employees retiring during COVID-19 pandemic to get provisional pension, says Union Minister Jitendra Singh
Focussed and coordinated action by the Centre along with states and UTs, effective clinical management of coronavirus and timely diagnosis led to a consistent increase in the number of recovered cases in the country, the Union health ministry said on Sunday. The number of recovered cases exceeds active COVID-19 cases by 2,42,362 as on date, it said. … [Read more...] about India’s COVID-19 recovery rate improves to 62.93%: Health ministry
According to the new rules, the manufacturer should ensure there is a provision for pillion handholds on the side of the motorcycle or behind the driver seat and it shall comply with the requirement specified in IS: 14495-1998, footrests for the pillion rider on both sides of the motorcycle and protective device covering not less than half portion of the rear left wheel of the motorcycle so as to prevent the clothes of the person sitting on the pillion getting entangled in the rear wheel. … [Read more...] about Government amends Central Motor Vehicles Rules; safety devices now mandatory in motorcycles