Times of India | 6 days ago | 22-06-2022 | 06:56 am
MUMBAI: Public sector banks (PSBs) will be assessed for customer service, which will be measured on the basis of customer service ratings. They will also focus on the younger generation's banking needs and draw up plans for meeting all-round customer requirements. Senior officials of the finance ministry, including the minister of state for finance Bhagwat Kishanrao Karad met with the CEOs of public sector banks on Monday for an annual performance review and to set the agenda for the next phase of reforms under EaseNext. Each public sector bank will sign a memorandum of understanding (MoU) with the finance ministry focusing on performance parameters which will now include their usage of data analytics, tech investment for end-to-end digital systems and strengthening of IT systems. Banks are also expected to collaborate with fintech players for digital transactions and co-lending. Public sector banks have consolidated the turnaround achieved in FY21 with a 109% increase in net profit. PSBs also reported a 9.8% increase in credit growth. Bank of Maharashtra has reported the highest increase in gross advances, with a credit growth of 25.6%. Its deposit growth at 16% was the highest among PSBs. Under other performance parameters for FY23, banks have been asked to improve their credit deposit ratio by growing their loan book. They have also been asked to increase their share of low-cost deposits by opening more current accounts.
MUMBAI: The Supreme Court order extending till July 12, 5.30 pm, the time granted by the Deputy Speaker of the Maharashtra Assembly to Eknath Shinde and other 'rebel' MLAs to reply to disqualification notices, paves the way for a "very definite possibility" of a floor test to prove the confidence of the Assembly, said legal experts on Monday. Given that there is no stay on such action, the entire sequence of events now points in the direction of a floor test, which could be the only way out of the impasse in the next two weeks, said experts. "There will be no disqualification till then and they are theoretically entitled to having a floor test,'' said senior counsel Vineet Naik. The SC vacation bench of Justices Surya Kant and J B Pardiwala did orally allow Maharashtra state to knock on its doors in case a no-confidence motion is sought by the 'rebel' MLAs to verify the MVA's numbers in the legislature.Senior counsel Prasad Dhakephalkar said the Maharashtra governor can legally promulgate a Session of the House and direct a floor test be held. The process would then kick in and the State's legal team can immediately rush to the SC and seek an urgent hearing to try and stall it since the apex court is seized of the matter filed by the 'rebel' MLAs. Even if the motion does go ahead, the affected parties can challenge its outcome later. However, in the House during a vote for no-confidence, "there can be no concept of disqualification at that time,'' said a senior advocate from Delhi. But Dhakephalkar said if a motion is called for and a whip issued for members to vote, disobedience in the show of hands may incur consequences and pave way for notice of disqualification. With Shinde camp saying it constitutes a majority of the Shiv Sena Legislative Party, it may issue its own whip. Any disobedience of the whip may entail a disqualification petition, but then the ball may lie in the Speaker's court-and who the Speaker would be will depend on the outcome of the floor test. If the government remains, the Speaker will remain and if the Government falls the Speaker would change. "If a floor test were to be held, Shiv Sena would in all probability issue a whip to vote in favor of the Deputy Speaker. If the rebel MLAs were to defy this whip and avoid being disqualified, they would have to be 37 in number on the day of the voting or merge with the BJP or float a new political party, for which permission would be required to be sought from the Election Commission,'' said Naik. Rahul Chitnis, a counsel appearing on behalf of the State Government, informed the court that adequate steps have been taken and will be taken to protect the 39 dissident Sena MLAs and their families. "With this assurance by the State Government, which includes all three parties from MVA, it would be safe to assume that the 39 MLAs who are camping out of State can or may return to Mumbai,'' said Naik.
Mumbai Building Collapsed: 7 people have been rescued from the rubble of the building.Mumbai: A four-storey building collapsed in Naik Nagar of Maharashtra's Mumbai on Monday late night, informed the civil body official adding that the rescue operation is on.The fire brigade and police team reached the spot to rescue the trapped people from the debris."A 4-storey building collapses in Naik Nagar. Fire brigade team, and police at the spot as the rescue operation continues," Pravina Morajkar, Corporator told media persons here.According to the Brihanmumbai Municipal Corporation (BMC), seven people have been rescued from under the debris and are now in stable condition."Seven people rescued from under debris are in stable condition; 20 to 25 are likely to be trapped under the debris. Rescue operation on," the Corporator added.In another incident, a man died and 19 people were injured after a multi-storey building collapsed at Shastri Nagar in Maharashtra's Bandra West a few days ago.The man has been identified as Shahnawaz Alam, a 40-year-old man.PromotedListen to the latest songs, only on JioSaavn.com"The building collapsed around 12.15 am. One person has died and 19 are hospitalised and are now safe. All of them are labourers from Bihar. The fire brigade and officers are present at the spot," Manjunath Singe, DCP Mumbai Police told media persons.(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
AT THE start of the 2021-22 sugarcane crushing season, Jarandeshwar Sugar Mills Limited, had faced action from the Enforcement Directorate (ED) which had provincially attached its property. The action by the central agency was allegedly due to financial irregularities in the manner the erstwhile cooperative mill was sold to a private party by the Maharashtra State Cooperative Bank. But at the end of the season, this mill, located in the Karad taluka of Satara district, clocked the second highest cane crushing with 19.98 lakh tonnes of cane crushed.Back in July last year, the central agency had taken action against the mill implicating the family of deputy chief minister Ajit Pawar for his alleged role in the undervalued sale of the mill. Pawar had denied the allegations and pointed out how all rules were followed during the auction of the mill. Founded in 2003 by former minister Shalini Patil, the cooperative mill had come into trouble soon afterwards as bank and farmer dues started rising. The mill was put up for auction by the Maharashtra State Cooperative Bank and was subsequently purchased by a private party.Following the action by ED, the Income Tax department had also began an inquiry. Such action by the central agencies had seen farmers being worried about the fate of their cane. Also, given the fact that three cooperative mills had failed to raise enough capital to start their season.As the season progressed, sugar commissioner’s office had issued crushing license to Jarandeshwar mill after it had fulfilled all the conditions laid by it. During the season of 2020-21, Jarandeshwar had reported crushing of 14.38 lakh tonnes of cane and paid farmers Rs 420.67 crores as the Fair and Remunerative Price (FRP) to its growers. At the end of 2021-22 cane crushing season, Jarandeshwar has reported crushing of 19.98 lakh tonnes of cane. This was the second highest cane crushed by a single mill this season coming only after the 24.78 lakh tonnes of cane crushed by the Vitthalrao Shinde Cooperative Sugar Mill in taluka Madha of Solapur. In terms of sugar produced, Jarandeshwar had produced 2.25 lakh tonnes of the sweetener which was the third highest in the state. The mill till date has paid Rs 531.79 crore to its growers as against the Rs 525.05 crore it had to pay.For growers of Satara, especially those in the talukas of Wai, Khandala, Satara, and Karad, Jarandeshwar had come to the rescue as three cooperative mills which normally procure cane in these areas had remained shut.
Mumbai: Even as the ED has summoned Shiv Sena leader Sanjay Raut on Tuesday in two money laundering cases, he said, “I just came to know that ED has summoned me,” He tweeted further, “Good! There are big political developments in Maharashtra. We, Balasaheb’s Shivsainiks, are fighting a big battle. This is a conspiracy to stop me. Even if you behead me, I won’t take the Guwahati route. Arrest me! Jai Hind!”Last week the agency registered a case where Dewan Housing Finance Corporation Ltd (DHFL)’s erstwhile promoters Kapil Wadhawan and his brother Dheeraj are accused of a Rs 34,615-crore loan fraud along with builder Sudhakar Shetty of Sahana group. The ED is in the process of taking custody of Pune businessman Avinash Bhosale for questioning in the same case. Agency sources said ED registered the DHFL money laundering case based on a CBI FIR and while examining documents collected during the investigation, found suspicious entries linked to Sanjay Raut.The second case in which Raut’s been called for questioning is related to a Rs 1,200-crore chawl redevelopment fraud involving the Housing Development and Infrastructure Ltd (HDIL) group, its promoters Rakesh Wadhawan and son Sarang and Sanjay Raut’s associate Pravin Raut. HDIL subsidiary Guru Ashish Construction had taken over redevelopment of Goregaon’s Patra Chawl after entering into an agreement with the land owner Mhada (a state government agency) and residents of the structure. Pravin Raut was a shareholder in Guru Ashish who received Rs 50 crore after he exited the company. Pravin Raut also received Rs 45 crore from a land deal at Palghar from the HDIL group. Earlier, ED arrested had Pravin Raut and chargesheeted him after alleging that “Pravin Raut received Rs 112 crore between 2008 and 2010 from HDIL in multiple instalments. He failed to give valid reasons.”The ED suspects that Pravin Raut is a front for some influential persons including politicians. In April, the ED had attached a flat in Mumbai owned by Sanjay Raut’s wife Varsha and eight other land parcels jointly owned by her and another businessman’s wife in Alibaug, collectively valued at Rs 11 crore. ED had alleged that these properties were purchased through money diverted by Pravin Raut.Sanjay Raut did not comment on the ED’s allegations about his involvement.
Aaditya Thackeray said that there was anger among party workers over the action of party rebels.Mumbai: Attacking rebel MLAs of the party who are staying at a hotel in Guwahati, Shiv Sena leader Aaditya Thackeray accused them of "betraying" the party and said, "dirt has gone out of Shiv Sena".Mr Thackeray, who was addressing Shivsainiks in Mumbai amid the political crisis faced by the MVA government in Maharashtra, said the party rebels were "enjoying" in Guwahati when Assam was dealing with floods in parts of the state.He said the leader of the rebel group Eknath Shinde was offered the post of Chief Minister in May but "he did drama"."Many people told us that Congress & NCP will betray us but our people betrayed us. Many MLAs who were watchmen, rickshaw drivers, and paan shopkeepers - we made them Ministers. On 20th May, Uddhav Thackeray offered him (Eknath Shinde) the CM post and he did drama," Aaditya Thackeray said.He said there was anger among party workers over the action of party rebels."I can understand your zeal and strength, can even notice your anger. I've been visiting and interacting with Shivsainiks and I can see there is a lot of anger among them. But there is one positive thing the dirt has gone out of Shiv Sena," he said.Aaditya Thackeray claimed that the food bill of rebel MLAs was to the tune of Rs 9 lakh per day and alleged they were taking private choppers."They (rebel MLAs) went to Guwahati where there's a flood situation & many people are without shelter & food. They (rebel MLAs) are enjoying there. Bill for meals (for them) in one day is Rs 9 Lakhs, they are taking private choppers and enjoying there. Shame on them," he said.Referring to Income Tax searches earlier this year on party corporator Yashwant Jadhav, who is husband of Yamini Jadhav, a rebel MLA, Aaditya Thackeray said they had protested the action of the Income Tax Department but her remarks had brought tears to his eyes."When there was a raid on Yamini Jadhav (rebel MLA) & Yashwant, we came out on streets. Y'day Yamini Jadhav said it was not needed. Many people had suggested to not give them chance but we gave them opportunity. What she said yesterday brought tears to my eyes," he said.The Shiv Sena camp led by Chief Minister Uddhav Thackeray and the rebel group have been seeking to outmanoeuvre each other. While the Thackeray group removed Mr Shinde as leader of the legislative party and appointed a new chief whip, supporters of Mr Shinde wrote to the state Governor that he continues to be the leader of the Shiv Sena legislature group. They also appointed a chief whip.The battle between the groups has now reached the Supreme Court which on Monday granted interim relief to Mr Shinde and other MLAs to file their reply to disqualification notices issued to them by the Deputy Speaker of Maharashtra Assembly by July 12, 5.30 pm.Earlier, the Deputy Speaker had granted them time to file a reply by Monday, 5.30 pm.The Supreme Court was hearing the petitions filed by the Shinde group challenging the disqualification notices issued by the Deputy Speaker to 16 rebel MLAs as well as the appointment of Ajay Choudhary as Shiv Sena Legislature Party leader.The bench also issued notices to the Deputy Speaker, Secretary of Maharashtra State Legislative Assembly, the Centre, Ajay Chaudhary, and Sunil Prabhu and asked them to file a reply within five days.On the request of providing security to 39 MLAs alleging threats to them, the Supreme Court recorded the statement of the standing counsel of the Maharashtra government, Rahul Chitnis, that adequate steps have already been taken and the state government will further ensure that no harm is caused to the life, liberty, property of the MLAs.PromotedListen to the latest songs, only on JioSaavn.comDuring the hearing, senior advocate Neeraj Kishan Kaul appearing for Eknath Shinde and others told the Supreme Court that the Deputy Speaker cannot proceed with the disqualification proceedings when the resolution seeking his removal is pending.(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)