Canara Bank pensioners want better deal

April 10, 2012

Mangalore, April 10: Compared to certain other banks, retired officers of Canara Bank get lesser medical facilities, said B.S. Hegde, Chairman, Reception Committee, VIII Biennial Conference, of the Canara Bank Retired Officers' Association (CBROA), Mangalore.

He was speaking to media persons on the initial day of the two-day meeting, which began in the city on Monday.

“There are many anomalies,” he said referring to the facilities provided to retired officers of Canara Bank, when compared to retired officers of other banks. He said although group insurance was being done for the retired officers, it was done by the officers' association. “To lessen our burden, we want the bank to do it,” he said.

“Pension is not enough to meet medical expenses. We are asking the bank management and government authorities...We will pursue the matter through our All-India organisation,” Mr. Hegde said. The pension of retired officers should be upgraded every three years as in the case of the salary of officers who are working. Currently, there are officers who get, as pension, the same amount that was fixed a decade ago.

Twenty-two retired officers of Canara Bank, who had reached 75 years, were felicitated at the event, which was attended by 450 retired officers of Canara Bank.

The delegates session will discuss on problems faced by retired officers including update of pension and improvement of family pension.

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February 2,2020

New Delhi, Feb 2: Budget 2020 announcement that insurance behemoth LIC will be listed was well received by market participants who said this will be "IPO of the decade" akin to the Saudi Aramco listing.

Finance Minister Nirmala Sitharaman on Saturday said Life Insurance Corporation (LIC) will be listed as part of the government disinvestment initiative.

A "highlight of the budget is the LIC IPO, which is akin to the Saudi Aramco listing for Indian capital markets, and will be IPO of the decade," Vijay Bhushan, President, Association of National Exchanges Members of India (ANMI) said.

According to Krishna Kumar Karwa, Managing Director, Emkay Global Financial Services, the LIC IPO will be a big positive for corporate governance and transparency and will open up one more avenue for fund raising for the government over the years.

Metropolitan Stock Exchange, Interim CEO, Balu Nair said: "The LIC listing will be eagerly awaited by investors and will provide huge fillip to capital raising through the primary market." The government proposes to sell a part of its holding in LIC through an initial public offer, Sitharaman said while presenting Budget 2020-21.

"The government will sell part of LIC through its listing in the stock market which is also a positive trigger for the market," Amit Gupta, CO-Founder and CEO, TradingBells.

Jaideep Hansraj, MD and CEO of Kotak Securities said listing of LIC would help bridge a gap in the Fiscal Deficit for FY21.

Currently, the government owns the entire 100 per cent stake in LIC.

Saudi Aramco shares were listed in December last year.

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July 3,2020

Brahmavar, Jul 3: Two friends drowned accidentally in a rivulet while catching fish near Barkur in Brahmavar taluk of Udupi district today.  

The deceased have been identified as Karthik (20), a final year B.Com student, and Harsha (26), who was working as a recovery agent for a local finance company. Both were local residents. 

The incident took place around 8 a.m. when they were trying to catch fish. Even though a few locals were there on the spot they could not save the duo as the water level has increased in the rivulet due to rains. After an hour the bodies were fished out. 

A case was registered at Brahmavar police station and investigations are on.

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July 15,2020

Udupi, Jul 15: Two doctors and four staff members of the Udupi District Hospital have been tested positive for coronavirus.

While one doctor is undergoing treatment at the designated covid hospital, the other one, who is said to be asymptomatic, is being treated at his residence.

After four staff members of the hospital tested covid positive, the throat swabs of their contacts including other staff of the hospital and family members were also sent for testing. 

Meanwhile, a person who was undergoing treatment in the district hospital for some other ailment also tested covid positive triggering panic among other non-covid patients.

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