‘PNB, UBI & OBC merger to benefit stakeholders’: Official

Allaying apprehensions of stakeholders, United Bank of India MD and CEO Ashok Kumar Pradhan said there will be ‘no retrenchment’ of human resource of the three banks or no voluntary retirement scheme (VRS) will come in the process of merger of these state-run lenders. Continue Reading

There will no job loss due to merger of banks: Finance Minister

Finance Minister Nirmala Sitharaman allayed fears of job losses following the proposed merger of public sector banks, saying not even one employee shall be removed following the amalgamation. Continue Reading

State of economy deeply worrying: Manmohan Singh

Former Prime Minister Manmohan Singh on Sunday said the state of the economy was “deeply worrying” and urged the government to put aside “vendetta politics” and reach out to sane voices and thinking minds to steer the economy out of this “man-made crisis”. Continue Reading

J&K move correct, economy needs to be corrected: Swamy

BJP lawmaker Subramanian Swamy has said the withdrawal of Jammu and Kashmir’s special status was correct but the state of the economy “needs to be corrected” as this issue is also important for national security and nation-building. Continue Reading