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SBI’s new minimum balance rule leaves OBC, UCO and PSB as only ‘free’ banks in India

With the country's largest bank, State Bank of India, refusing to rollback service charges for customers who do not maintain a minimum balance in their accounts, only Oriental Bank of Commerce, UCO Bank and Punjab & Sind Bank remain as 'free' providers of savings bank services, according to an analysis

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PNB, Corp Bank most aggressive in going after big debtors; SBI, BoB more relaxed

Punjab National Bank, the third largest public sector bank in India, and smaller cousin Corporation Bank can teach bigger siblings like State Bank of India and Bank of Baroda a thing or two about going after big loan defaulters, an analysis of Reserve Bank of India data shows.In the last four

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Govt not to supply LNG to stranded gas power projects from next month

The government is not planning to extend the two-year-old scheme to supply subsidized, imported natural gas to stranded gas power projects when it expires this month, according to a senior power ministry official."We got a representation from the association of power producers requesting us to extend the scheme," said the official

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‘Nirbhaya scheme’ for women’s transport security at standstill

A well-publicized scheme for ensuring security for women in public road transport unveiled in the wake of the brutal 'Nirbhaya' rape and murder of in December 2012 seems to have ground to a halt in the absence of political will.According to the ministry of road transport and highways, only Rs 1.43 cr

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DoT lifts freeze over BSNL’s 2016 JE exam, document verification starts

The Department of Telecom has lifted its freeze over the recruitment of 2,700 junior engineers into Bharat Sanchar Nigam Ltd, India's state-owned telecom operator.The results of the recruitment exam, conducted in September last year, were put on hold in December after the Department of Telecom received complaints about the conduct of

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Gujarat Infrastructure Development Board joins Mumbai-Ahmedabad High Speed Rail Corp

National High Speed Rail Corporation Ltd, which is setting up the Rs 1 lakh cr Mumbai-Ahmedabad high-speed rail service, has brought on Gujarat Infrastructure Development Board (GIDB) as key partner for the project.GIDB -- which is also involved in the prestigious GIFT City project -- will also pump in equity into

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Can’t allow NGOs to impede India’s growth: Center to NHRC

The home ministry has written back to the National Human Rights Commission that non-governmental organizations cannot be allowed to work against India's strategic or economic interest.In it's response to the NHRC, the home ministry said it cannot allow organizations that take money from outside India to conduct "activities detrimental to national

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Permission sought to open 39 Ayurveda colleges in Uttar Pradesh

Various private entites have sought the central government's permission to open 39 Ayurveda colleges in the state of Uttar Pradesh, according to data obtained from the ministry of alternative medicine or AYUSH.Uttar Pradesh is already home to 48 out of the country's 341 Ayurveda colleges.Ayurveda, literally the study of life,

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High right-of-way charges behind long waiting list for BSNL landlines – Govt

High right-of-way charges levied by local bodies for allowing Bharat Sanchar Nigam Ltd to lay underground cables are largely responsible for the telecom company's inability to provide land phones on demand, the government said.As of January, BSNL has 12,052 landline applications kept pending and most of this is because of

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After missing twice, India comfortably meets power sector targets for 12th five-year plan

After missing its targets by wide margins in the previous two five-year plans, India is all set to comfortably meet or exceed all its power sector targets for the 12th five-year plan that ends this month.Five-year plans, borrowed from the Soviet Union, are a legacy of Nehruvian policy of setting

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Airports Authority identifies eight airports for real estate development

Airports Authority of India said it has identified eight airports where it intends to carry out commercial real estate development once the government relaxes the relevant rule.The airports are Lucknow, Kolkata, Amritsar, Varanasi, Bhubaneshwar, Jaipur, Raipur and Tirupati, it said in a statement.Separately, the Airports Authority -- which owns and

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