1.Center
approves Food Legumes Research Platform to be set up at Amlaha
Central Government has approved for establishment
of Food Legumes Research Platform at Amlaha, Sehore in Madhya Pradesh.
The Union Cabinet chaired by Prime Minister has
given nod for setting up of food Legumes Research Platform in Madhya Pradesh
with satellite Hubs in West Bengal for Pulses and Rajasthan for Natural
Resource Management for meeting the emerging food security challenges.
An Official statement “the establishment of Food
Legumes Research Platform in India will enable India to harness the best
science in meeting the emerging food security challenges. India would be able
to rapidly and effectively absorb the research output achieved in the country by
FLRP (Food Legumes Research Platform)
A major international R&D institution will make India an even bigger
center for agricultural research in the world and this in turn, will attract
further research & development investment in the country. ICARDA has a good
track record of innovation, as in climate resilient technologies including
suitable food legume verities for dry land production systems.
The research will be towards
reducing poverty, improving food security, improving nutrition and health, and
sustaining the natural resource base. The
output will help all the farmers.”
2. Union Cabinet approves merger of
Five associate banks with SBI
The Union Cabinet has approved the merger of five
associate banks with SBI (State Bank of India), including State Bank of
Bikaner and Jaipur, State Bank of Hyderabad, State bank of Patiala, State bank
of Mysore and State Bank of Travancore
.
The Proposed merger will create one of the largest
lender of Asia and to among the top 50
global lender for the first time. The Merger proposal was announced in May 2016
and was scheduled for March 2017. This is the first move to consolidate the
country’s struggling Public sector Bank.
Gvt
Statement – “The merger is likely to result in recurring savings, estimated at
more than Rs 1,000 crore in the initial year, through a combination of enhanced
operational efficiency and reduced cost of funds,”.
State bank of India also boast of 22,500 branches
and 58,000 ATMs post-merger. It has about 16,500 branches which includes 191
branches across world.
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