ശ്രീക്കുട്ടന്‍‘സ്

  1. Introduction Public sector banks (PSBs) play a vital role in India's economic development. They provide banking services across urban, semi-urban and rural areas, implement government-sponsored financial inclusion programmes, extend agricultural and priority-sector credit, distribute welfare benefits and support small businesses and weaker sections of society. However, the responsibilities of public sector bank employees have increased considerably. Along with traditional banking activities, employees must handle digital transactions, customer grievances, regulatory compliance, loan processing, recovery, government schemes, business development and various reporting requirements. The central issue is not simply the number of hours spent at the workplace. It is the combination of workload, staff availability, business targets, administrative responsibilities, customer expectations and accountability. These concerns have contributed to demands from bank unions for better working...

Indian economy is expected to witness real GDP expansion of 9.2% in 2021-22. Agriculture and allied sectors have been the least impacted by the pandemic and the sector is expected to grow by 3.9% GVA of Industry (including mining and construction) will rise by 11.8%. Indian economy is in a good position to witness GDP growth of 8.0-8.5% in 2022-23. Foreign exchange reserves at US$ 634 bn on 31st Dec 2021. This is equivalent to 13.2 months of merchandise imports & is higher than the country’s external debt India’s CPI inflation at 5.6% Economic output surpasses pre-covid levels. Agricultural sector was the least impacted by the pandemic-related disruptions. Revival in the Indian residential real market in 2021 in terms of growth in sales, prices and new launches. Hotel occupancy rate has recovered substantially, reaching 56-58% in October 2021, from 30-32% in April 2021. Boom in software & IT-enabled services exports even as earnings from tourism have declined sharply...