The last three years have been pretty good for bank robbers - at least according to statistics revealed by the Minister of State for Finance, Santosh Kumar Gangwar, in the parliament this week. According to Gangwar's written reply, banks in India have lost around Rs. 180 crore in the past three years to thefts. The money was stolen in 2,632 incidents of theft, robbery, dacoity, and burglary at 51 banks during the same period (April 2014-March 2017).
The answer came in response to a question regarding negligence shown by banks in complying with security norms for protecting bank lockers. The finance ministry had been asked "whether banks are showing negligence in complying with rules/norms for appointing security guards in banks and the experts have indicated that the various culprits are taking advantage of security lapses in committing theft from bank lockers".
While the ministry didn't clarify if the government is carrying out any assessment to check bank negligence, it's answer stated that the "Reserve Bank of India (RBI) has informed that banks have been advised to review and strengthen the security arrangement in their branches and ATMs from time to time". The answer further clarified that thefts exclusively from lockers are not reported to the RBI.
However, the ministry did spell out the number of such thefts reported by banks. A total of 51 banks of around 100 commercial banks or nearly 50 percent of all banks in the country have reported thefts and burglaries in the last three years - which is in itself a shocking number.
These 5 Banks Were Robbed The Most In Last 3 YearsThe State Bank of India, with over 18,000 offices and over 50,000 ATMs currently, reported the most number of thefts in each financial year, except in 2016-17, when Bandhan Bank Ltd. reported 283 such incidents. With a total of 337 incidents, Bandhan Bank Ltd. saw the most number of robberies in the past three years, followed closely by the State Bank of India.
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A CASE STUDY on AIR FLY AIRLINES
Merger issues leading to failure of Industrial relations
Critical Incidents - strikes, employee separation, Retrenchment Voluntary retirement and revenue losses.
Major Stakeholders - Employer, Management, Trade Unions, Employees, Labour & Government
Abstract
With the transformations and gradual change in business environment, the Industrial Relation system has seen a vast change over a period of time, due to which, the role of employer and employees have become more tough and challenging. Of all the human resource management problems that have occurred in the Indian Airlines Industry in recent times, the problem of Industrial Relations is the most critical. The reason behind this is the fact that Industrial Relation deals with people who are foundation of the Industry. Their action or counter reaction matters a lot for the Industrial Harmony of the economy country. Harmonious Industrial Relations are pre-requisite for economic development of a country. Success and growth of the Airlines Industry depends on cordial relationship between the employers and the employees.
The Objective of this case study is to examine the "Industrial Relations in Airlines Industry in India: "A Case Study of Air Fly Airlines". Research in this field can be of practical utility to all those involved in Industrial Relations scene like management, employees and the government.
Success of the Airlines Industry depends on cordial relationship between the employers and the employees. This study assesses the state of Industrial Relations in the Airlines Industry and also identifies the factors that affect it. The case study also proposes to redefine the pattern of Industrial Relations in Airlines Industry by suggesting some changes in the role of various stakeholders such as employer, management, union and government.
Introduction
Indian industrial enterprises are hugely affected by disinvestments, privatization, restructuring and takeovers which,
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