
To mark SBI's 60 years in Telangana, CGM urges staff to eye 1% more market share in all districts
He called upon all concerned, from CGMs, GMs, BGMs, AGMs to employee associations to unite in this mission while also reaffirming commitment to SBI's inclusive banking ethos, the bank said in a release on his address at the Independence Day celebrations organised at the Local Head Office here.
Mr. Radhakrishnan also stressed the importance of recognition, dignity and kindness in daily interactions, from returning a salute to acknowledging subordinates. He said everyone should work to transform SBI into not just the largest, but the best bank in Telangana through compassion, leadership and collective resolve.
Highlighting the pivotal role played by civil organisations in nation-building, he said the SBI's is the most impactful among them. From industry and services to education and healthcare, the bank has been a cornerstone of India's development. The SBI is the largest commercial bank, the most profitable company and one of the most trusted brands globally.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
29 minutes ago
- Time of India
GST reforms: CII hails PM Modi's move; calls it a ‘visionary' step for businesses
Representative image The Confederation of Indian Industry (CII) has hailed the forthcoming reforms to the Goods and Services Tax (GST) announced by Prime Minister Narendra Modi during his Independence Day address from the Red Fort. Chandrajit Banerjee, director general of CII, said in a statement, 'On behalf of Indian industry, CII warmly welcomes the Hon'ble Prime Minister's visionary announcement of next-generation GST reforms. This landmark step reflects the Government's deep commitment to building a simpler, more transparent, and growth-oriented tax regime that will empower businesses and benefit consumers alike.' As per news agency ANI, the Prime Minister revealed that a high-powered committee will be set up to review and recommend comprehensive changes to the GST framework. CII called the move 'timely and forward-looking', noting it would help the tax system keep pace with India's fast-changing economy while ensuring stability for investors and entrepreneurs. The industry body welcomed several long-standing suggestions it had championed, including a shift towards a two-rate structure, alongside a separate rate for demerit goods, to simplify the system. CII also backed the correction of inverted duty structures in manufacturing, the reduction of compliance requirements for MSMEs, and the assurance of stable tax rates to boost investor confidence. Banerjee said these measures could significantly improve ease of doing business, cut costs, and speed up economic formalisation and digitisation. The proposed rationalisation of rates, lowering taxes on essential items and adjusting higher rates for luxury and sin goods, was described as a 'balanced approach of equity and efficiency' that would benefit both consumers and government revenue. Since its launch, GST has unified India's market, reduced tax cascading, and created a technology-driven compliance process. According to CII, the reforms mark the beginning of a 'GST 2.0' era, aligned with global standards and supportive of India's $5 trillion economy target. According to ANI, government sources stated that the Centre is considering removing the 12% and 28% GST slabs, retaining only the 5% and 18% rates. Around 99% of items in the 12% category could move to 5%, and nearly 90% of goods in the 28% slab may shift to 18%. CII praised the inclusive approach of the government and pledged to work with the finance ministry, GST Council, and stakeholders for smooth implementation. 'These measures will strengthen India's economic foundations, enhance investor confidence, and position the country among the world's most competitive and resilient economies,' Banerjee concluded. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .


Time of India
41 minutes ago
- Time of India
Strong monsoon, rising wages, and govt spending fuel rural economy recovery: Report
India's rural economy is showing early signs of a broad-based recovery, bolstered by a strong start to the monsoon season, a rebound in rural wages as inflation eases, and a renewed push in government spending, according to a report by the Ambit asset management firm . Independence Day 2025 Modi signals new push for tech independence with local chips Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji Subhas Chandra Bose gave India its own currency The report added that these positive developments are expected to lift rural demand, improve agricultural productivity, and provide momentum to overall economic growth in the coming quarters. "As we head into FY26, green shoots are emerging. A strong start to the monsoon season, a resurgence in rural wages (driven by easing inflation), and higher government spending are setting the stage for a broad-based rural recovery," the report added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo The report highlights that the monsoon has begun on a promising note in FY26, with June rainfall at 105 per cent of the long-period average (LPA). Unlike previous years that were marred by erratic patterns, this year has seen more uniform and timely distribution, critical for sowing across pulses, oilseeds, and coarse cereals. Kharif sowing is already 8 per cent ahead YoY as of July-end. After years of stagnation, rural wages (both agri and non-agri) are seeing signs of revival. Real wage growth turned positive in mid-FY25, aided by falling inflation and increased government Live Events infrastructure push (roads, housing, Jal Jeevan Mission). The report added that MGNREGA demand is also moderating, indicating improved job availability. This pickup in wage growth is boosting rural liquidity and helping rebuild household savings, enabling higher spending on FMCG, durables, and low-end 2Ws. The last three years have been particularly challenging for rural India, marked by wage stagnation, weak demand across sectors such as FMCG, retail, and two-wheelers, and the lingering effects of the COVID-19 pandemic. Reverse migration disrupted rural employment, and agricultural distress intensified as input costs (fertilisers, diesel, pesticides) surged. The pandemic severely strained rural India. Rising inflation, stagnant wages, and muted demand significantly impacted household savings and consumption. Between 2020 and 2023, rural inflation climbed to 7.5 per cent, led by agricultural distress from erratic monsoons, unseasonal weather events, and rising input costs. Farm incomes were squeezed as market prices for many crops remained subdued, while the cost of essentials like diesel and fertilisers soared. The FMCG sector, a key barometer of rural demand, experienced a marked slowdown in earnings between Financial Year (FY) 2020 and FY24. The agri-inputs sector -- comprising fertilisers, crop protection chemicals, and seeds -- has been under earnings pressure over the last few years, mirroring the broader stress in rural India. The report added that between FY20 and FY24, earnings growth for several players slowed considerably, as they were weighed down by weak farm incomes, erratic monsoons, input cost inflation, and inventory destocking. Rural housing, a key enabler of consumption, employment, and building material demand, witnessed a visible slowdown during FY20-FY24.


Time of India
44 minutes ago
- Time of India
India is ahead in clean energy commitments, achieves 2030 goal five years early
New Delhi: In what could be considered as a landmark moment for India's clean energy journey, Prime Minister Narendra Modi, from the ramparts of the Red Fort, on Friday announced that the nation has achieved its 50 per cent clean energy target in 2025 -- a full five years ahead of the 2030 deadline. Marking Independence Day celebrations, the Prime Minister announced and hailed the achievement as a pivotal step towards an Atmanirbhar Bharat in the energy sector, underscoring the country's transformation from a fossil-fuel-dependent importer to a global clean energy leader. "When the world today expresses concern over global warming, I wish to tell the world that Bharat has resolved to achieve 50 per cent clean energy by 2030. That was our target for 2030. Look at the capability of my countrymen, look at their determination to fulfil the resolve of making Bharat developed--we achieved the 50 per cent clean energy target in 2025 itself, five years ahead of schedule. This is because we are as sensitive towards the world as we are responsible towards nature," PM Modi said on the occasion of 79th Independence. At COP26 held in 2021, India committed to an ambitious five-part "Panchamrit" pledge. This included reaching 500 GW of non-fossil electricity capacity, generating half of all energy requirements from renewables, and reducing emissions by 1 billion tonnes by 2030. India also aims to reduce the emissions intensity of GDP by 45 per cent and achieve net-zero emissions by 2070. According to the latest government data, India added a record 29.52 gigawatts (GW) of renewable capacity in 2024-25, taking total installed renewable energy (RE) capacity to 234.24 GW (excluding nuclear), up from 198.75 GW last year. Solar energy leads the charge, with installed capacity skyrocketing from just 2.82 GW in 2014 to 116.24 GW today, now accounting for nearly half of India's total RE capacity. Wind power follows at 51.67 GW, while large and small hydro contribute 54.72 GW combined. Biopower has also grown to 11.59 GW over the past decade. India now ranks 4th globally in total RE capacity, 3rd in solar power, and 4th in wind energy, boasting the world's fastest-growing renewable program. The clean energy surge has been powered by a suite of ambitious government reforms and programs. The PM-Surya Ghar: Muft Bijli Yojana, with a Rs 75,021 crore outlay, aims to provide free solar electricity to one crore households. As of August 14, 2025, over 17.24 lakh households have benefitted, with subsidies worth Rs 9,841.77 crore released. The scheme also introduced Model Solar Villages to promote decentralised clean power at the grassroots level. In agriculture, the PM-KUSUM scheme has installed over 8.53 lakh solar pumps, replacing diesel-powered systems and cutting an estimated 6.6 million tonnes of carbon dioxide emissions. Beyond solar, India is expanding in wind, hydro, bioenergy, green hydrogen, and nuclear power. Offshore wind projects, backed by a Rs 7,453 crore viability gap funding scheme, are set to add 1 GW capacity off Gujarat and Tamil Nadu. The National Green Hydrogen Mission, with a Rs 19,744 crore budget, targets 5 million metric tonnes (MMT) annual production by 2030, along with 125 GW of new RE, Rs 8 lakh crore in investments, and 6 lakh jobs. Hydrogen hubs have been identified in Kandla, Paradip, and Tuticorin. In the nuclear sector, operational capacity has grown from 4,780 MW in 2014 to 8,780 MW across 25 reactors, with a remarkable 87 per cent plant load factor in 2024-25. Ten new reactors are already functional, and capacity is set to increase tenfold by 2047. "The result is a virtuous cycle: local manufacturing creates jobs and resilience, competitive tariffs make clean energy affordable, and inclusive programs bring every citizen into the transition. As we look ahead to 2030 and beyond, India is not just meeting global commitments -- it is setting a new template for how a nation can grow, decarbonise, and remain self-reliant. In the journey from energy dependence to energy leadership, the momentum is unmistakable, and the destination is clear: an Atmanirbhar Bharat, powered by its own clean, green energy," the government said today, in a factsheet. With five years gained on its clean energy target, India is now firmly on track to meet, and potentially exceed, its 500 GW non-fossil capacity goal by 2030, positioning itself as a decisive force in the global fight against climate change. (ANI)