Search your Topic HERE....

February 15, 2021

4 Public Sector Banks Shortlisted for Privatisation

Leave a Comment
In a bid to sell state assets and shore up government revenues, the Indian Government has shortlisted 4 mid range Publis Sector Banks for Privatization. Among these four, three banks will be selected for sale in the financial year 2021-22.  The four banks on the shortlist are Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India.

Privatization of the banking sector, which is dominated by state-run behemoths with hundreds of thousands of employees, is politically risky because it could put jobs at risk but Prime Minister Narendra Modi's administration aims to make a start with second-tier banks.


As an initiative, the Government chose mid-range banks because it would be hard to control the negative response from people and unions if it tries to sell the banks like State Bank of India (SBI). Apart from that, the govt needs SBI in-order to make it's schemes reach village level.     


It seems that the government hopes to reduce trade union opposition by selling off banks with fewer employees. As of now around 50 thousand people have been working in Bank of India, 33 thousand in Central Bank of India, 26 in Indian Overseas Bank and 13 thousand in Bank of Maharashtra.  


Experts also say that the government may take steps to privatize more banks in the future based on the reaction of the people on the sale of these 2medium-sized banks.

 sponsored links


February 11, 2021

Telangana's Manasa Varanasi is Miss India 2020

Leave a Comment
23 year old Manasa Varanasi from Telangana has been honored as Miss India for the year 2020. She was crowned by Miss India 2019 Suman Ratan Singh Rao from Rajasthan. Besides being crowned Miss India, she was also declared Miss Ramp Walk. She will now represent India at the 70th Miss World pageant in December 2021.

A resident of Hyderabad (Telangana), she is a financial information exchange analyst. She completed her school education from Global Indian and then graduated in computer science from Vasavi College of Engineering.

Varanasi is also trained in Indian sign language. “I learned to sign because…learning makes me happy. When I started learning the language, it was mostly my curiosity driving me. But over time, as I started listening with my eyes, I started understanding the beauty of deaf culture. I hope we all work together in making society more inclusive for the deaf community,” she had shared on social media.

Note : Haryana's Manika Sheokand was declared Miss Grand India 2020 and Uttar Pradesh's Manya Singh was crowned Miss India 2020 runner-up.

sponsored links

Related Posts Plugin for WordPress, Blogger...