Details of Wage Revision talks between UFBU and IBA (held on 5-12-2019)
In today’s negotiation (5-12-2019) between UFBU and IBA, the following issues were discussed: Wage Revision UFBU: Unions demanded that the earlier offer of a 12% hike from IBA is not at all adequate and IBA should improve their offer. IBA: Looking at the various constraints of the bank’s profitability, it would be difficult to improve.…
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RBI keeps the policy repo rate unchanged in fifth Bi-monthly Monetary Policy Statement
In the fifth bi-monthly monetary policy statement announced on Thursday (dated 05.12.2019), MPC decided to keep policy REPO rate under the liquidity adjustment facility (LAF) unchanged at 5.15 per cent. The MPC also decided to continue with the accommodative stance as long as it is necessary to revive growth, while ensuring that inflation remains within…
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Features of National Agriculture Market Scheme (e-NAM)
National Agriculture Market (eNAM) is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities. The scheme envisages the implementation of the NAM by setting up of an appropriate common e-market platform that would be deployable in selected 585 regulated wholesale markets in States /…
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What is a soil health card (SHC)?
The soil health card (SHC) is a printed report which contains status of a farmer’s soil with respect to 12 parameters, namely N,P,K (Macro-nutrients); S (Secondary- nutrient); Zn, Fe, Cu, Mn, Bo (Micro – nutrients); and pH, EC, OC (Physical parameters). Based on the above findings on the specific soil report, SHC recommends for dosage…
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Pradhan Mantri Krishi Sinchai Yojana (PMKSY) features
Pradhan Mantri Krishi Sinchai Yojana (PMKSY) has been formulated in 2015 by amalgamating ongoing schemes viz. Accelerated Irrigation Benefit Programme (AIBP) of the Ministry of Water Resources, River Development & Ganga Rejuvenation (MoWR, RD&GR), Integrated Watershed Management Programme (IWMP) of Department of Land Resources (DoLR) and the On-Farm Water Management (OFWM) of Department of Agriculture…
You can convert your FCNR deposit to Resident Foreign Currency (RFC) Account
Resident Foreign Currency (RFC) accounts in India If you are a non-resident Indian planning to return back to India for good, you need not worry about the fate of foreign currency (FCNR) deposits held by you under your present status as an NRI. Non-resident Indians may continue to maintain their bank accounts in RFC- Resident foreign…
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