Saturday, 02 March 2024

 

 

LATEST NEWS Narendra Modi lays foundation stone for multiple development projects worth Rs 21,400 crores in Aurangabad, Bihar Chetan Singh Joramajra inaugurats the completion of the 19 km long Boha Razwahe at a cost of Rs. 22 crores Narendra Modi lays foundation stone for multiple development projects worth Rs 15,000 crores Amit Shah inaugurates the National Urban Cooperative Finance and Development Corporation Limited (NUCFDC) in New Delhi Himachal Pradesh Cabinet Decisions Dated 02-03-24 Lt Governor Manoj Sinha addresses closing ceremony of Rotary Club’s week-long Mega Health Camp in Poonch and Rajouri Districts Lt Governor Manoj Sinha addresses National Commission for Women's event ‘Tu Bol' dedicated to Inspirational Women Lt Governor Manoj Sinha attends ‘Herath Milan Samaroh’ in Jammu Breast cancer awareness program by RBU Lt Governor addresses the inaugural ceremony of the industrial unit of Bloomtex Industries Pvt Ltd Former Member of Parliament, BJP Mahila Morcha delegation call on Lt Governor Lt Governor pays obeisance at Mahalakshmi Temple Pacca Danga Jammu Former Minister, DDC Member Poonch call on Lt Governor Tourism deptt working on renewed plan to make J&K a world famous tourist destination DC Ganderbal Shyambir reviews progress on SWM, Vishwakarma Scheme Div Com Ramesh Kumar chairs Shri Shiv Khori Shrine Board Meeting DC Doda Harvinder Singh reviews arrangements for month of Ramazan District Advisory Committee reviews implementation of PC&PNDT Act in Udhampur Director Animal Husbandry Purnima Mittal kick-starts 4th round of FMD Vaccination Lok Sabha Election, 2024: DC Shopian visits locations of proposed Strong Rooms & Dispatch Centres DC Budgam Akshay Labroo initiates beautification project at heritage Syed Ali Aali Balkhi Shrine Pakherpora

 

Hire retired bank staff to deal with demonetisation: Assocham

Listen to this article

Web Admin

Web Admin

5 Dariya News

New Delhi , 14 Nov 2016

In a bid to deal with demonetisation, industry body Assocham on Monday asked the government to mobilise all resources across different departments and hire retired bank staff on a massive scale to expedite the currency exchange and withdrawal of cash."Just like general elections when staff across different departments is mobilised, different types of staff can be used for helping the over-stretched banks, grappling with the huge task of dealing with the demonitised currency notes of Rs 500 and Rs 1,000 and dispensing the new notes," said Associated Chambers of Commerce and Industry of India (Assocham).The best option appears to be employing the retired bank staff on a mass scale on short-term contracts of three to six months, it said.While some banks like the State Bank of India and a few others have roped in retired staff, the exercise should be done on a massive scale to deal with the situation, Assocham said.

"While preference can be given by the banks to re-employ their own retired personnel, even cross -bank staff would be helpful. After all, functioning of the public sector banks is generally the same," said Assocham Secretary General D.S. Rawat.The chamber said the options should be explored to divert staff of other financial services wings and PSUs in the insurance sector for the banking operations for the moment. The PHD Chamber suggested the government to pay an advance of Rs 10,000 in cash per employee from their November salaries to government, public sector and private sector with the new Rs 500 notes."This suggestion would also avoid overflowing queues and hardship being faced by most of the citizens and would also avoid loss of productivity due to employee absenteeism in organizations," it said in a representation submitted to the finance ministry.PHD Chamber President Mahesh Gupta said that the suggested move would amount in reducing queuing outside banks and ATMs across the country. "It would immediately make new currency available in one day without stressing banks and post offices," he said.

 

Tags: Assocham

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2024 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD