PS Jayakumar and Rakesh Sharma — the two private sector executives who have been selected to lead state-run banks — have turned down the government's offer for a "flexible" pay package and would instead work at government scales, which is expected to result in pay cuts for them.
The City Police on Saturday early morning, moments before the Independence Day parade held five suspected sympathisers of Maoist movement from a lodge at Statue, which is hardly 200 meters away from the Central Stadium, where the parade took place.
The government should sort out internal challenges at a time when the domestic steel industry is facing challenges from China, Tata Steel Managing Director (India and South East Asia) T V Narendran said today.
"The idea is to define all processes digitally whether it be a loan against fixed deposit or shares. This will be a major thrust area for the next two years," managing director of the bank, B Sriram said.