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The bank also suffered financially when the farm loan waiver scheme, a government policy, affected the earning of the bank substantially for 2008. In 2012, the bank endured a bank scam, losing Rs 160, prompting the Government to establish a strategy to deal with financial scams. [5] [6] [7] The bank went through en expansion of its ATM network ...
Paschim Banga Gramin Bank [3] is a premier regional rural bank in India.It is under the ownership of Ministry of Finance, Government of India.It was established on 26 February 2007 [4] in exercise of the powers conferred by Sub-section (1) of Section 23A of the Regional Rural Bank Act, 1976 (21 of 1976).
Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India.
Kolkata is the prime business, commercial and financial hub of eastern India and the main hub of communication for the North East Indian states. [4] Kolkata, with a GDP of $220 billion (as of 2024) [5] is home to India's oldest, stock exchange company (bourse) [6] – The Calcutta Stock Exchange. [7]
It recommended setting up new pension scheme with contributions from both employees and the government to a pension fund under an independent Development and Regulatory Authority. [12] The report submitted by the group to government noted in its foreword: " The logic of the welfare state had prompted most of the developed countries to introduce ...
The Finance Department of the Government of West Bengal plays a pivotal role in managing the state's finances, supporting development initiatives, and ensuring fiscal discipline. Its efforts are aimed at promoting sustainable economic growth, social welfare, and effective governance in West Bengal. [5]
In the third edition of the report released in 2020–21, West Bengal scored 62 while the national average rose to 66. [57] In the latest edition of the report during 2023-24 released on 12 July 2024, West Bengal saw a massive improvement of composite score to 70 putting it in the front-runner category while the national average rose to 71. [58]
West Bengal Revenue Service (WBRS) is one of the Group A services under West Bengal Civil Services, recruited through a competitive examination conducted by West Bengal Public Service Commission. The service was created in 2017 merging four erstwhile services concerning revenue matter and revenue collection. [ 1 ]