General Trading Chat

[timepass]

https://www.moneycontrol.com/news/b...leeping-top-10-things-to-know-91-4159061.html
What changed for the market while you were sleeping? Top 10 things to know

From the above article...

"
Unclaimed deposits in banks rise by 27% to Rs 14,578 cr in 2018:
Unclaimed deposits in the banking system have witnessed a jump of 26.8 percent to Rs 14,578 crore in 2018, Parliament was informed on July 1. The unclaimed deposits rose to Rs 11,494 crore in 2017 from Rs 8,928 crore in 2016, Finance Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.
State Bank of India (SBI) alone had an unclaimed deposit of Rs 2,156.33 crore at the end of 2018, she said. With regard to the insurance sector, the minister said the life insurance sector reported unclaimed amounts of Rs 16,887.66 crore while non-life was Rs 989.62 crore at the end of September 2018.
"

 

[soft_trader]

https://www.moneycontrol.com/news/b...leeping-top-10-things-to-know-91-4159061.html
What changed for the market while you were sleeping? Top 10 things to know

From the above article...

"
Unclaimed deposits in banks rise by 27% to Rs 14,578 cr in 2018:
Unclaimed deposits in the banking system have witnessed a jump of 26.8 percent to Rs 14,578 crore in 2018, Parliament was informed on July 1. The unclaimed deposits rose to Rs 11,494 crore in 2017 from Rs 8,928 crore in 2016, Finance Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.
State Bank of India (SBI) alone had an unclaimed deposit of Rs 2,156.33 crore at the end of 2018, she said. With regard to the insurance sector, the minister said the life insurance sector reported unclaimed amounts of Rs 16,887.66 crore while non-life was Rs 989.62 crore at the end of September 2018.
"

What could be the reason for this? People becoming so rich that they are forgetting about their investments?

 

[TraderRavi]

What could be the reason for this? People becoming so rich that they are forgetting about their investments?

it must be of poor people or illiterate persons. middle class and upper class ka to nahi hoga.

 

[timepass]

A lot of these may be the Jan Dhan accounts. Separate figures are not available.

 

[timepass]

5 income tax changes expected in Modi 2.0 government's first Budget
3 min read . Updated: 02 Jul 2019, 09:07 AM ISTStaff Writer

• Modi 1.0 government had announced some income tax sops in Interim Budget
• Still, hopes are building that Nirmala Sitharaman will announce some income tax sops for the middle class

https://www.livemint.com/money/pers...-government-s-first-budget-1561988719041.html

 

[timepass]

7 richest Indians took away one-fifth of the money that the market made in six months

https://economictimes.indiatimes.co...t-made-in-six-months/articleshow/70036518.cms

The traders should now ask for some money-back scheme in the upcoming budget

 

[timepass]

and thus begins the privatisation of government services....

https://timesofindia.indiatimes.com...reaucratic-hierarchy/articleshow/70054948.cms

Govt to induct 40 private sector specialists at crucial mid-level of bureaucratic hierarchy
PTI | Jul 3, 2019, 02.06 PM IST

NEW DELHI: The Centre has decided to appoint 40 private sector specialists at the posts of Deputy Secretary and Director, considered as crucial decision-making levels in the bureaucratic hierarchy, the Lok Sabha was informed on Wednesday.

Usually these posts are manned by government servants selected through various Group A services like the IAS and from the promotee officers of the Central Secretariat Service among others.

Niti Aayog, in its three-year action agenda, and the sectoral group of secretaries on governance, in its report submitted in February, 2017, have recommended for induction of personnel in the middle and senior management level in the government with the twin objectives of bringing in fresh talent as well as augment the availability of manpower, Minister of State for Personnel Jitendra Singh said in a written reply.

"Based on this, it has been decided, in principle, to appoint outside experts to 40 positions at Deputy Secretary/Director level. However, no final decision has been taken in the matter," he said.

To a question as to the government was considering lateral exits of IAS officers in central government services, the minister said "there is no such proposal before the government".

Singh, in another reply, said the government has, from time to time, appointment some prominent persons for specific assignments in government, keeping in view their specialised knowledge and expertise in the domain area.

PTI had last month reported that a total of 40 specialists from the private sector were likely to be appointed in the government at the level of Deputy Secretary and Director.

The Union Public Service Commission (UPSC), which conducts the civil services examination to select officers of Indian Administrative Service (IAS), Indian Foreign Service (IFS) and Indian Police Service (IPS) among others, had in April this year selected nine private sector specialists as Joint Secretaries.

The posts of Joint Secretaries are manned by the IAS, IPS and other service government officers.

The Personnel Ministry had in June last year invited applications for the Joint Secretary-rank posts through "lateral entry" mode.

The lateral entry mode, which relates to the appointment of specialists from private sector in government organisations, is considered as an ambitious step of the Modi government to bring in fresh talent in bureaucracy.

A total of 6,077 applications were received in response to the government's advertisement.

 

[Riskyman]

Govt to induct 40 private sector specialists at crucial mid-level of bureaucratic hierarchy
.

People who have govt jobs with real power are treated like kachra by political fraternity. These private sector guys will be chewed up like pan masala. Waste of time and resource. Instead they should focus on removing red tape and political interference in government offices.

 

[timepass]

People who have govt jobs with real power are treated like kachra by political fraternity. These private sector guys will be chewed up like pan masala. Waste of time and resource. Instead they should focus on removing red tape and political interference in government offices.

These private sector guys will be handpicked to favor their private bosses, I guess. Also, it goes against the principle of "Minimum government, maximum governance".

 

[traderhawk]

People who have govt jobs with real power are treated like kachra by political fraternity. These private sector guys will be chewed up like pan masala. Waste of time and resource. Instead they should focus on removing red tape and political interference in government offices.

i think this govt jobs people (babus) are very powerful and not at all can be treated like kachra by anyone. they are very smart and they control many ministries. if a minister is not smart enough the babus will control whole game and confuse the ministers. only after a strong govt comes then only these type of people start working otherwise they are enjoying only.