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Although the All India Bank Employees’ Association (AIBEA) had earlier asked RBI Governor Urjit Patel’s resignation, his calling it quits on Monday has left the banking body shocked and disturbed and it has termed it a “dangerous trend”. “The resignation of RBI Governor Urjit Patel is quite shocking and disturbing. The reasons for his resignation …

Kotak Mahindra Bank Ltd stated on Monday it had challenged in court the central bank’s decision to disregard the issue of preference shares to reduce promoter stake in the private-sector lender, sending shares sharply lower. Uday Kotak, the billionaire lead of Kotak Mahindra Bank, has been asked by the Reserve Bank of India (RBI) to …

India will be “BJP Mukt” in the year 2019, the AamAadmi Party stated on Tuesday, as assembly election trends indicated that the saffron party was trailing in two of the three states it ruled. The Bharatiya Janata Party was behind its major rival Congress in Rajasthan and Chhattisgarh; it was locked in a close contest …

Reserve Bank of India Governor Urjit Patel stepped back on Monday. His resignation will take effect consequently, Mr. Patel said in a statement. He took charge as chief of the central bank in September 2016, replacing Raghuram Rajan, who stepped down to return to academia after a single three-year term. Mr. Patel’s stepped down from …

The Union Cabinet on Monday increased government contribution towards the National Pension System (NPS) to 14 percent. The move, which will head to higher payouts, is expected to benefit 18 lakh central government employees, the Ministry of Finance said in a statement. The important contribution by the central government for its employees covered under the …

The falling oil and gas production is an issue of concern, Oil Minister Dharmendra Pradhan said, adding the government will soon set up a gas trading hub. Crude oil production in October dropped 5 percent from a year earlier to about 2.89 million tonnes, while natural gas output was down 0.4 percent at 2.80 billion …

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Prime Minister Narendra Modi visited Saudi Arabia Crown Prince Mohammed bin Salman and UN Secretary-General Antonio Guterres on the sidelines of the Group of 20 or G20 Summit in Argentina’s Buenos Aires on Thursday. The Prime Minister is on a five-day meeting to the nation to attend the summit on Friday and Saturday. In their …

Corporate social responsibility is a broad idea that can take many forms depending on the company and industry. By CSR programs, philanthropy, and volunteer efforts, businesses can benefit society while boosting their own brands. As mandatory as CSR is for the community, it is equally valuable for a company. Corporate Social Responsibility activities can help …

Passport is issued by the Indian Government certify that holders are citizens of the Republic of India by birth or naturalization. This is as per the Passports Act, 1967. The CPV (Consular Passport & Visa) Division of the External Affairs Ministry works as central passport organization and it is also responsible for Indian passport issuance. …

Domestic stock markets had a gap-down start on Monday in between weak global cues. The S&P BSE Sensex commenced at 35,204.66 and the Nifty50 barometer of the National Stock Exchange (NSE) was at 10,508.70 against their last closing levels of 35,673.25 and 10693.70 respectively. At 9:55 am, the 30-share Sensex was at 35,023.98, down 649.27 …

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