Explained: What bank mergers can mean, the potential downsides

Recently,the Government has announced a merger of ten public sector banks(PSBs) into four larger entities.This would take the number of banks in the country from 27 in 2017 to 12. The idea of bank mergers had floated since 1998 when the second Narasimham Committee had recommended the government to merge banks. In 2014, PJ Nayak… Continue reading Explained: What bank mergers can mean, the potential downsides

Govt approves merger of NIMH with ICMR-NIOH

The Union Cabinet has approved the merger of National Institute of Miners Health(NIMH) with ICMR-National Institute of Occupational Health(NIOH). The merger will prove beneficial to both the Institutes in terms of enhanced expertise in the field of occupational health besides the efficient management of public money. Further,experts have welcomed the move as NIMH dedicated to… Continue reading Govt approves merger of NIMH with ICMR-NIOH