Devotees take a dip on Makar sankranti
Thousands of people took a holy dip in river Hooghly on the occasion of Makar Sankranti today.
Thousands of people took a holy dip in river Hooghly on the occasion of Makar Sankranti today.
The Ministry of Finance on Tuesday said that various measures taken by the Union government have contributed to the sustained financial health and robustness of the banking sector as a whole.
These banks are: Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Indian Bank, Indian Overseas Bank, Punjab National Bank, UCO Bank and IDBI Bank Limited.
Speaking at the inaugural ceremony of 4th RE-Invest Summit hosted by MNRE and CII, the minister said that India’s renewable energy capacity addition has grown by 175 per cent and renewable energy generation has grown by 86 per cent since 2014.
Union Minister of Labour and Employment and Chairperson, Central Board of Trustees, EPF, Dr Mansukh Mandaviya has approved the proposal for a Centralised Pension Payment System (CPPS) for Employees’ Pension Scheme, 1995.
"Quick implementation of a sustained resolution plan by lenders for revival of every viable business," reads the statement issued by the finance ministry.
The topics on agenda include credit products and efficient models for delivery, financial empowerment through technology, prudential practices for stability and sustainability of the financial sector.
The move comes after an analysis of the grievances received by the Department of Pension and Pensioners' Welfare under the Personnel Ministry for the 65.26 lakh central government pensioners.
Indian societies run majorly on cash and banks play a crucial role in its existence. Therefore, the centre has exempted them the 21-day lockdown.
He also noted that ratio of deposit to M-CAP (market capitalisaion) is not the correct instrument for assessing the safety of banks and instead Capital to Risk (Weighted) Assets Ratio (CRAR) should be gauged.
