Govt permits 12 PSU banks to raise Rs 3,000 cr from market
In a bid to strengthen capital base of public sector banks (PSBs), the government has allowed 12 lenders to raise nearly Rs 3,000 crore via preferential shares over and above the Rs 22,915 crore capital support committed to them in July last year.
NRIs can exchange defunct notes up to June 30: RBI
RBI came out with conditions for exchange of defunct notes for those, including non-resident Indians, who failed to do so till December 30, the last day for depositing the invalid currency notes in banks. Resident Indian citizens who were abroad from November 9 to December 30 can avail this facility up to March 31, 2017 and NRI citizens, who were abroad during this period, can exchange their defunct notes up to June 30, 2017, RBI said.
Bank of Baroda ties up with CNX Corporation
Public sector lender Bank of Baroda has entered into a partnership with CNX Corporation (CNX) with an objective to provide collateral management services towards the loans against warehouse receipt sanctioned to the farmers through the network of the bank’s branches across the country.
Mobile app for Indian Merchant Navy officers launched
The Maritime Union of India (MUI), country’s oldest union representing Indian Merchant Navy Officers since 1939, has launched android based mobile app named MUI.
Haj application process goes digital, mobile app launched
Giving a digital push to the Haj application process for the first time, Union Minister of State for Minority Affairs Mukhtar Abbas Naqvi launched a mobile application ‘Haj Committee of India’ which will provide information and facilitate e-payments for the pilgrimage.
President appoints David Syiemlieh as UPSC chairman
President Pranab Mukherjee appointed Professor David R. Syiemlieh as the Chairman of the Union Public Service Commission (UPSC).
- Syiemlieh is from Meghalaya and was a UPSC member.
- Syiemlieh has succeeded Alka Sirohi, a retired IAS officer of the Madhya Pradesh cadre.
Restaurants billing service charges in addition to taxes is optional: Department of Consumer Affairs
A number of complaints from consumers have been received that hotels and restaurants are following the practice of charging ‘service charge’ in the range of 5-20%, in lieu of tips, which a consumer is forced to pay irrespective of the kind of service provided to him.
- So from now on if a consumer is dissatisfied with the service he can refuse to pay the service charges.
Note: Service charge is different from service tax. Service tax is mandatory which has to be paid to the government ultimately. Service charge is an additional tip charged by the provider.
Supreme Court Removes Anurag Thakur As BCCI President
The Supreme Court ordered the removal of Anurag Thakur as chief of India’s cricket board BCCI, saying all board officials who had not fallen in line with reforms recommended by the Lodha Committee must go.
- The Supreme Court has also ordered the sacking of BCCI secretary Ajay Shirke.
AP CM Chandrababu Naidu launched Arogya Raksha Scheme
Chief Minister N Chandrababu Naidu launched a new health scheme christened Arogya Raksha offering medical insurance to those who were not covered under any of the existing health schemes of the state government.
Purse seine fishing nets banned across Maharashtra from Jan 1
In a bid to safeguard fingerlings, fish species and increase their population, all purse seine nets — large fishing nets used to catch fish in bulk — are banned across Maharashtra from January 1.
Maharashtra tops 2015 suicide chart
Maharashtra holds the distinction of being the state with the highest number of suicides in the country last year. Tamil Nadu, West Bengal, Karnataka follows Maharashtra.