Merger of SBI ASSOCIATES WITH SBI: Boon or Bane for India

Why merger is needed is a question of the day. In the recent top 1000 banks of the world, no
Indian bank could find place in top 50 being a 7th largest as per GDP and 3rd as PPP. SBI that
consists 18% of the total banking money and 6-7% its associates bank, if gets merge can be in
the top 50 list of the world.

From banking facility point of view, SBI is the most technically advanced as compared to its
associates banks. It takes 2-3 years to adopt the same technology for the associate banks that SBI
is using now. Other thing is that it is not going to impact customers. They will be getting better
facilities or world class facilities. Some associate banks which are under-staffed will get
exponential benefit out of it. People might be a bit sentimental as they were using a name for a
long time and now have to change. But it is the time to cope with the need of time and not the
feelings.

It will also help in financial inclusion. Now banks would be able to open the branches in the rural
places. It will help people to get banking facilities easily, as all associate banks will be on the
same level and providing the same facilities.

Merging 27 banks not just SBI and its associates, into 4-5 big banks will boost the banking
sector. It may help in reducing the NPAs as well.

Role of Payment Bank and NBFC in Financial Inclusion

Financial Inclusion means to give the financial and banking services to low income group at an
affordable cost. To maximize the strength of domestic economy, banking services have to reach
to every sector and every corner of the country. Banking Industry is playing an important role in
providing the Financial Inclusion throughout the country. It is essential to provide the banking
and financial services to every citizen without any discrimination. NBFC (Non-Banking
Financial Company) is also the source of increasing financial inclusion. NBFCs are much alike
to the payment bank, the major different between NBFCs and payment banks is NBFCs cant
accept demand deposit and cant avail the cheques.
As per the RBI (Reserve Bank of India) guidelines. Every bank must initiate the financial
inclusion by simply opening the No Frill Accounts. No Frill Accounts are one of the main assets
involved in the progress of financial inclusion. It has no minimum balance conditions and can be
opened via minimum document requirement. No frill Accounts are also known as Basic Savings
Bank Deposit Account (BSBDA). Payment banks also sponsor the Regional Rural Bank (RRB)
to facilitate these kind of services and other main services to the low income group at very low
rates. The facility of debit card and credit card is also given to the citizens of rural areas. Now,
the payment banks and MBFCs are moving their wheels very fast in the rural areas of country,
they are also providing the Small Medium Enterprise loan to the poor. Banks and NBFCs have to
play a dominant and useful role in promoting the economic development by mobilizing the
financial resources of the community and by making them flow into the desired way. They are
creating a platform for maintaining the habit to save the money in bank. This will eventually
boost the currency chest of the country. Before this advancement the amount that was meant for
the poor, leaked and cleaned by the political parties and the intended politician. Suppose a
subsidy bill is passed by the government for the poor, the amount disbursed to them, is all leaked
by the middleman. But now as the banking sectors are reaching everywhere the amount is
directly credited to the poors account. This service is also known as the Direct Benefit Transfer
scheme. This is one of the major advantages we get from the Payment banks and NBFCs.

Punjab -- Mukh Mantri Punjab Hepatitis C Relief Fund

Gujrat-- Smart Village program

Odisha-- Green Passage Scheme

Andhra Pradesh-- Chandranna Bima Yojana

Himachal Pradesh-- Padhai bhi, Safai bhi

Assam-- Mass Rapid Transit System (MRTS)

TamilNadu-- free bus pass scheme for senior citizens

Maharashtra-- Bharatratna Dr. Babasaheb Ambedkar Special Collective Incentive Scheme

Telangana-- M-Wallet

Haryana-- Project Salamati

Haryana-- Adapting Homes for the Differently-abled

Andhra Pradesh-- first river linking project lift irrigation

Uttar Pradesh-- Deen Dayal Upadhyay Gram Jyoti Yojana

Punjab-- swine flu (H1N1) under the Epidemic Disease Act.

Uttar Pradesh-- set up old age homes

New Delhi-- Clean Street Food

Uttar Pradesh-- Swadhar Greh scheme

Andhra Pradesh-- National Energy Efficient Agriculture Pumps Programme, & National Energy
Efficient Fan Programme

Bhopal-- UrjaDaksh LED Bulb UjalaYojana

Gujrat-- Maa Annapurna Yojna

Jharkhand-- Bhimrao Ambedkar Awas Yojana for widows

Jammu-- Mufti Mohammad Sayeed Food Entitlement Scheme

Haryana-- Deen Dayal Jan Awas Yojana

Karnataka-- Mukhyamantri Santwana Harish Yojana

Jammu -- Udaan Scheme

Karnataka -- Housing scheme for Transgenders

West Bengal-- Utkarsh Bangla Scheme for school-dropouts

Tamilnadu-- Amma Kudineer Thittam

Chattisgarh--Udyam Aakansha

Jharkhand-- pension scheme for all the widows

Himachal Pradesh-- PEHAL

Haryana-- first Gyps Vulture Reintroduction Programme

Bihar-- Right to Public Grievance Redressal Act

Odisha-- transgender people social welfare benefits

Haryana-- Jai Jawan Awas Yojna

Himachal Pradesh-- Setu Bhartam project

Assam-- Ease of Doing Business Bill, 2016

Delhi-- DVAT M SEWA

Bihar-- 100 Jan Aushadhi Kendras

Rajasthan-- RajVayu

Internet Saathi-- by Google India and Tata Trusts in -- West Bengal

Rajkot , Gujrat-- Swachh Map

West Bengal-- Panchayat Pratikar

Bihar-- Child Labour Tracking System

Puducherry-- HelpAge SOS App

Indian Railway-- NIVARAN portal

Chattisgarh-- first commercial dispute resolution centre and a commercial court

Rajasthan-- minimum wages for part-time workers

HRD-- Prashikshak

Assam-- File tracking

Telangana-- Mission Kakatiya programme

Haryana-- Satkar Bhojan canteens

Telangana-- Haritha Haram

Odisha-- 100 Adarsha Vidyalayas

Kerala-- Fat Tax--14.5

Andhra Pradesh-- Smart Pulse Survey

Maharastra Police-- Pratisaad-Ask, Police Mitra, Vahanchoritakrar & Railway helpline app

Meghalaya-- PradhanMantri Surakshit Matritva Abhiyan

Bihar-- Rural development project JEEViKA-II

Kerala-- pension scheme for transgenders

Arunachal Pradesh-- AapnaLohit

Madhya Pradesh-- Happiness Department

Uttar Pradesh-- Hausla Paushan scheme

Mizoram-- Economic Development Policy

Maharastra -- facility of virtual and digital classrooms across 32 ITIs

Haryana-- online filing of Performance Appraisal Report

Puduscherry-- SwachhBalSenas

Indian Railway-- Tri-NETRA

Kerala-- insurance scheme for 2.5 mn migrant labourers

Telangana and Andhra Pradesh--Integrated Criminal Justice System

Goa-- scheme for students of local language schools..

Education is the single most important factor in the development of a country. Do you
agree?

Undoubtedly education is the core of development for every country. A

strong educational system would create a generation of smart leaders ,
skilled workers and patriots . Smart leaders are people who steer the
country to correct direction by utilizing its internal and external
strengths while avoiding hindrances economically , politically and
militarily. Skilled workers are the essential force that propels the
nation forward. High level skilled workforce would make products with
low cost and best quality. This is the key to establish a competitive
and prestigious economy. A good nations education initiates patriotism
in each of their citizens, who are willing to stand up for the country
when needed. Nevertheless education alone would never enough to build up
a highly developed country because other social, cultural, political
aspects can be dominant in development of that country

Developed countries always place high education quality in priority.

Countries like U.S., U.K, Japan have been spending multi billion dollars
for Development and Research programs, where high technologies are
studied and developed. Education is compulsory and free of charge.
Schools are well equipped with modern and practical facilities. From
highschool students are guided to explore their best potentials, which
facilitates success of their professional career later on. As most
people have possessed of good knowledge from school they are not easily
cheated by corrupt officials or criminals which is a severe problem in
developing countries. In countries with prestigious universities,
education becomes a major business that draws up money from
international students. These educational-focused results should be
learnt by developing countries.
On the contrary the world poorest countries are the ones that tend to
neglect the importance of education. Many African countries are in deep
civil wars and corruption is rampant. Soldiers fight against their own
people without knowing what they are fighting for. Many Asian countries
are damaging their environment by deforesting, disposing untreated
pollutants, extracting minerals because of little immediate profits.
Ignorance makes them unaware of how expensive their children would have
to pay back in the future. Lack of education leads people to commit
crimes without thinking of consequences. Poor education system produces
low quality workforce that fails to catch up with practical industrial
requirements. The cost that developing countries are and will be paying
exceeds the savings by cutting government education budget.

Interestingly, some countries do not consider education as the key for

country development. Countries like UAE, Qatar or Brunei do not focus on
high quality education still they are rich countries. They have rich
sources of black gold. Women in some Arabic nations are not expected and
not encouraged to study to high level education. This tradition is
derived from the culture, and the majority is happy with this
arrangement. Other countries do not embrace a strong education system at
homeland but they are very strong economies. Taiwan and Hongkong are
good examples of this category. They do not have prestigious educational
institutes as U.S or UK but most of their white-collar workforce
receive education from U.S or UK, then go back and work for the
countries.

A country that has a strong education system is similar to a house with a

solid footing. Education is the foundation on which a prosperous and
wealthy country is built on and it is always worthwhile to spend more
efforts and expenses to make it firm prior to erecting the house. Like
other developing countries Vietnam strives to improve the education
system still good policies are just objective factors. It is not
necessary that everyone must go to school in order to learn and become
knowledgeable. one can learn a lot of good stuff in workplace, in
neighborhood and be a useful person for his/her country

Should there be censorship in art and film media? Give your opinion?
Censorship- the very controversial word in the present time. The word censor means- some
officials who are liable, can examine the material or a film before its release. Today censorship
in art and film means- if the officials of the authority do not like it, they can cut it. Censorship
boards are actually suppressing the details in film and art. The producers, actors, directors and
their whole crew works months to create a piece of art, to narrate the society and show the reality
in their movies, then the authority comes in and cut off the maximum part. This is not good for
us, as the freedom of expression is everyones birth right. Who are they to decide what we want
or dont want to see? There are very complex side of this.
First side- As us, the filmmakers and artists have the same right of freedom of expression. They
work years to show the bitter reality of the society and with the help of some visual they try to
make their point. Now, if the censorship has problem with it, they directly remove the part
without a single thought, this can be very dangerous as our constitution says the freedom of
expression is valid. Sometimes the authority turn down the entire main material of the movie just
for their own sake. This happened recently with the movie Udta Punjab, under political
pressures the CBFC (Central Board of Film and Certification) had cut down 81 scenes from the
movie. But then the producer of the movie claimed their right and appealed to high court to have
a look at the matter, the court then turn down the decision taken by the authority. If government
or the authority will censor the material in an art, people will not get complete information and
they will unable to make their judgements about the movie.
Second side- The power of Freedom of expression can be used in a negative manner by the
culprits. Sometime the art can be provocative, controversial and an act of violence too, this can
lead us to the never ending riots. Therefore the government has to have some rights and
regulation on this. In my opinion, first let the people decide what they want or dont want to see.
If the art is provocative then it must be censored. But I must say Censorship for children is
mandatory as they are developing brains. We have got the CBFC to certify the movie according
to the age group and it is also parents responsibility to monitor and guide them to the right path.

Contribution of Nationalized Banks in the growth of Indian Economy.

An Economy needs a healthy banking system to protect and strengthen the financial, social and
political viability of tenants. In India, the first bank experience started in 1770 from then the
development has accelerated and banks are reaching to their excellence. Since the development
of Bank of Hindustan, Bank of Bombay, Central Bank of India and lately RBI, the economic
position has increased vastly. Now RBI is considered as the soul of banking industry and it
regulate the entire money market.
The prime role of Banks, when they started was to lend and save, lend money to people and save
the money from the people. It helped a lot in capital formation and monetization of economy,
since then there are many technical changes have been made and this eventually made the
economy better. Banks finances the priority sector under PSL (Priority Sector Lending) i.e.
agriculture and small scale lending. Technical innovation has taken the banking services to a new
level and now every operation can be done digitally. The contribution to economic growth of
Nationalized Public Sector Banks is more than 70% (market share), and it must be appreciated.
There are some flaws to this also like the NPA (Non-Performing Assets) are increasing day by
day but the banks are working on this. Banks are emerged as a savior for the employment too.
This is also a major contribution to the economy. Banks help in both internal and external trade,
they give loan to young entrepreneurs to start their idea in the country. Majority of our
population lives in rural areas, so banks are more concerned about it but banks had been working
better to providing financial services to rural area and thats why they sponsored the RRB
(Regional Rural Banks) with the help of government. Banks are now providing their services to
every corner of the country and this is eventually getting a positive impact on Economy.