Rajasthan government has announced one-time farm loan waiver of up to Rs50,000 for small and marginal farmers in the state, which would cost Rs8,000 crore to the exchequer. The government has also announced setting up a farmer loan relief commission where farmers can approach and present their side for getting relief on merit basis.
Background:In India, farm loan waivers have been announced intermittently by both the central and state governments to provide relief to farmers facing distress due to natural calamities/crop failure. According to a 2017 report by the RBI, farm loan waiver amounting to Rs 88,000 crore likely to be released in 2017-18 by seven states, including Uttar Pradesh and Maharashtra, may push inflation on permanent basis by 0.2%.
Finance minister Arun Jaitley had proposed a merger of these three PSU general insurers in the Union Budget on February 1. The proposed merger of three public sector insurance firms may be completed by early 2019. — National Insurance (NIC), Oriental Insurance (OIC) and United India Insurance (UII).
Purpose:There are a lot of operational advantages and savings that will accrue from this proposed merger. The trigger for central government to go for merger of three general insurers is mainly to boost up their solvency ratio and divest part of its holding in the market. Merger will also stop the unhealthy competition between the government-owned insurers. It is hoped that this merger will make companies stronger.
Concerns:There is also a concern that post merger, there will be unhealthy competition between two government-owned general insurers – New India Assurance and the new company that emerges out of the proposed merger. Also, it will be a big task to build the brand equity for a new entity in a highly competitive market.
Way forward:Few experts are of the view that the government should go one step further and merge all the four public sector general insurers.
It took 10 days after PO-5 last date of interviews and 14 days exactlt after PO-6 last date of interviews.. Today is 10th day after PO-7 last day interview, No clarity yet as of now
guys ibps clerk ki merit list out of 100 hoti hai ..to jo apne marks aayenge out of 200 uske half count honge kya merit list me ya alag tarah se normalization hoga ??