Cabinet approves merger of 10 PSBs into 4 from 1st April 2020

According to Union Finance Minister Nirmala Sitharaman, the exercise of consolidation of 10 public sector banks (PSBs) into four is on course and the merger will come into effect from the new financial year 1st April 2020. The Union Cabinet has given a go-ahead for the merger proposal. The Central government has been in regular touch with these banks. Finance Minister stated that the merger of Public Sector Banks’ merger is on course and decisions have already been taken by the respective bank boards.

In the biggest consolidation exercise in the banking sector, the union government in August 2019 had announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017.

Workshop on efficient use of water by industries held in New Delhi

The National Water Mission organized the inaugural session of the workshop on “Increasing Water Use Efficiency in Industries”. The workshop on “Increasing Water Use Efficiency in Industries” was held in New Delhi. The National Water Mission organized the workshop under the initiative “HarKaamDeshkeNaam”.

During the workshop, U.P. Singh, the Secretary, Department of Water Resources, River Development & Ganga Rejuvenation emphasized on the adoption of the Corporate Water Responsibility (CWR) as part of the Corporate Social Responsibility (CSR) provisions. He also stated that India is drawing 2.5 times more ground water than what seeps down under to maintain the water table level an this is the key reason we are facing the water scarcity.