close
This ad will auto close in 10 seconds
Five associate banks to merge with State Bank of India from April 1

Five associate banks to merge with State Bank of India from April 1

The five associate banks are State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Hyderabad.

Ahead of merger with SBI,associate State Bank of Travancore to raise up to Rs 600 crore

Ahead of merger with SBI,associate State Bank of Travancore to raise up to Rs 600 crore

Ahead of its proposed merger with parent SBI, State Bank of Travancore (SBT) will raise up to Rs 600 crore to shore up additional tier-I capital by issuing Basel compliant bonds on private placement.

Merger of 5 associates to be completed in FY18: SBI chief

Merger of 5 associates to be completed in FY18: SBI chief

Top lender State Bank of India (SBI) on Thursday said the merger of its five associates will happen in the next financial year and ruled out any wage-related issues delaying the process.

Cabinet approves merger of five subsidiaries of State Bank of India

Cabinet approves merger of five subsidiaries of State Bank of India

The associate banks which will be merged with SBI are: State Bank of Bikaner & Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

Cabinet approves  pension scheme for senior citizens with 8% return

Cabinet approves pension scheme for senior citizens with 8% return

The scheme will provide an assured pension based on a guaranteed rate of return of 8% per annum for ten years.

IIMs declared as 'Institutions of National Importance'

IIMs declared as 'Institutions of National Importance'

The Union Cabinet chaired by Prime Minister Narendra Modi on Tuesday approved the Indian Institute of Management (IIM) Bill, 2017 under which the reputed string of Universities would be declared as Institutions of National Importance.

Govt gave clearance to the listing of govt general insurance companies

Govt gave clearance to the listing of govt general insurance companies. Watch this special segment and get to know more here.

Cabinet sets electronics manufacturing sops at Rs 10,000 cr

The Union Cabinet on Wednesday approved the amendment in the Modified Special Incentive Package Scheme (M-SIPS) to further incentivise investments in electronic sector and moving towards the goal of ‘Net Zero imports’ in electronics by 2020.

 

Centre to set up single tribunal to decide all inter-state water disputes

Centre to set up single tribunal to decide all inter-state water disputes

The Centre has decided to set up a single, permanent Tribunal to adjudicate all inter-state river water disputes subsuming existing tribunals, a step which is aimed at resolving grievances of states in a speedy manner.

Demonetisation: Currency deposits up to Rs 2.5 lakh may still fall under Income Tax scanner

Demonetisation: Currency deposits up to Rs 2.5 lakh may still fall under Income Tax scanner

 Even the deposits of demonetised notes of Rs 500 and Rs 1,000 up to Rs 2.5 lakh are going to come under the scanner of tax authorities.

Diwali Bonanza: Centre approves 2% DA, to benefit over 1 crore staff, pensioners

Diwali Bonanza: Centre approves 2% DA, to benefit over 1 crore staff, pensioners

Ahead of Diwali, the Centre has approved 2 percent dearness allowance and relief benefitting about 50.68 lakh employees and 54.24 lakh pensioners.

Stock limits on sugar traders extended for another 6 months

Stock limits on sugar traders extended for another 6 months

Government on Thursday decided to extend stock limits on sugar traders by another six months till April 2017 in order to check sweetener prices, which at present are ruling around Rs 40 per kg.

Cabinet gives in-principle approval to strategic stake sale in PSUs

Cabinet gives in-principle approval to strategic stake sale in PSUs

The Union Cabinet on Thursday gave in-principle approval to the proposal of NITI Aayog for strategic stake sale in over a dozen PSUs, including profit making ones.

 

Cabinet approves 2% DA hike for central govt employees, pensioners

Cabinet approves 2% DA hike for central govt employees, pensioners

In what could bring cheers to 50 lakh central government employees and 58 lakh pensioners ahead of Diwali, the Union Cabinet on Thursday approved 2 percent hike in dearness allowance to be effective from July 1, 2016.

Cabinet likely to consider strategic stake sale in PSUs today

Cabinet likely to consider strategic stake sale in PSUs today

NITI Aayog has prepared a list of public sector units where the government can sell its majority stake to private companies in order to bring in greater efficiency and professionalism in functioning.

Union Cabinet may consider advancing Budget to February 1 today

Union Cabinet may consider advancing Budget to February 1 today

The Union Cabinet is likely to take a decision on Thursday on Finance Ministry's proposal of advancing the date for Budget presentation to February 1.

Budget-related decisions of Cabinet: Key things you must know

Budget-related decisions of Cabinet: Key things you must know

Know the highlights and implications of the three budget-related decisions taken by the Union Cabinet at a meeting presided over by Prime Minister Narendra Modi on Wednesday.

Pension of freedom fighters hiked by 20%

The monthly pension of freedom fighters, including those who were incarcerated in Cellular jail in Andaman Islands or suffered outside British India, was Wednesday hiked by around Rs 5,000 each.

Impact of merger of Rail and General Budget on the Indian economy

Impact of merger of Rail and General Budget on the Indian economy. Watch this special segment and get to know more here.

Cabinet approval for merger of Rail Budget with Union Budget likely tomorrow

Cabinet approval for merger of Rail Budget with Union Budget likely tomorrow

The decision for the merger of Railway Budget with the General Budget is likely to get the official seal at the Union Cabinet meeting which is slated for Wednesday.