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Indian News

Retired babus taking up private sector jobs soon after retirement is serious misconduct: CVC

In an order, it also said that all government organisations should mandatorily take vigilance clearance before offering post-retirement jobs to babus.

In case a retired officer served in more than one organisation, the vigilance clearance should be obtained from all organisations where the retired officer had served during a period of 10 years prior to his retirement, it said mentioning the procedure.

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Niti Aayog submits names of PSU banks to be privatised to Core Group of Secretaries on Disinvestment

Industry sources say the likely names are Mumbai based Central Bank and Pune based Bank of Maharashtra. 
Following the clearance from the Core Group of Secretaries, headed by the Cabinet Secretary, the finalised names will go to Alternative Mechanism (AM) for its approval and eventually to the Cabinet headed by the Prime Minister for the final nod.

Changes on the regulatory side to facilitate privatisation would start after the Cabinet approval.

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Economy hit by COVID-19 second wave to start recovering from July, says Chief Economic Advisor

Commenting on the stock market situation in the country, he said that the stock market is at a record high as investors believe that the Indian economy will do well.

The CEA said that the prediction of good economic growth and investment by developed nations in the Indian stock market has led the market to a record high. 

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India’s biggest torn between BlackRock and funding coal

State Bank of India hasn’t decided whether to help finance the Carmichael mine for Adani Enterprises Ltd, whose main shareholder is Indian billionaire Gautam Adani, following mounting pressure from climate activists and investors, Bloomberg reported in April.

Funding for global energy is at a tipping point. Green bonds and loans from the global banking sector so far this year exceeded the value of fossil financing for the first time since the clinching of the Paris Agreement at the very end of 2015.

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