Government invites application for Chief Economic Adviser post
Sunday, July 1, 2018, 8:49 AM
The government has invited applications for appointment of chief economic adviser on deputation basis. Applications are to reach the finance ministry by July 20, according to a notice. The CEA shall receive fixed pay of Rs.80,000 and officers of the central government or state government or union territory administrations or public sector enterprises or RBI or PSB can apply, according to the notice.
Public sector banks a/c for 85% of over 6,500 bank fraud cases: RBI
Wednesday, June 27, 2018, 10:37 AM
Of the nearly 6,500 bank fraud cases, it is public sector banks that account for an astounding 85% of them resulting in an over Rs.30,000 crore, according to the Reserve Bank of India's (RBI) Financial Stability Report. The top 10 banking frauds in 2018 lead to a financial loss of Rs.10,000 crore whereas 5,000 frauds amounting to Rs.20,000 crore in fiscal year 2017.