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Fall in GDP alarming; time for bureaucracy to take meaningful action: Rajan
“The sharp decline in economic growth should alarm us all. The 23.9 per cent contraction in India (and the numbers will probably be worse when we get estimates of the damage in the informal sector) compares with a drop of 12.4 per cent in Italy and 9.5 per cent in the United States, two of the most COVID-19-affected advanced countries,”Rajan wrote in a post on his LinkedIn page.
India’s COVID-19 tally mounts to 41,13,811 with a record 90,632 people being infected in a day
The pandemic will not finish this year as the virus has spread from big cities to other parts of the country, Randeep Guleria, the director of the All India Institute of Medical Sciences in New Delhi, said in an interview with India Today TV.
The number of cases could continue to rise before the curve flattens out, he said.
SBI plans VRS scheme covering 30,000 staff as it seeks to optimise costs
The scheme will open on December 1 and will remain open till the end of February, it said, adding that applications for VRS will be accepted during this period only.
As per the proposed eligibility criteria, a total of 11,565 officers and 18,625 staff members will be eligible for the scheme.
The total net savings for the bank would be Rs 1,662.86 crore if 30 per cent of eligible employees opt for retirement under the scheme, as per estimates based on July 2020 salary, it said.
Govt mulls installing EV charging kiosks at around 69,000 petrol pumps
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