4 hari yang lalu
All India Union Bank Employees’ Association writes to MD & CEO for mentation connected expenditure
The book is presently nether a large wind successful nan backdrop of nan government’s determination to terminate Subramanian’s tenure arsenic executive head of nan IMF, conscionable six months earlier his word was to travel to an end.
Union Bank of India decided to bargain 200,000 copies of nan book India@100 by erstwhile main economical advisor Krishnamurthy Subramanian and nan erstwhile executive head of India to nan International Monetary Fund to understand nan reforms outlined by nan book, prospects of nan system and look astatine early business opportunities.
“The book effortlessly ignites nan reader’s imagination and inspires a corporate thrust towards a early wherever India emerges arsenic a ascendant economical force. This is an invaluable book anyone willing successful nan emergence of nan Indian economy,” said an soul memo of Union Bank successful precocious July 2024 for nan procurement of nan book India@100.
The book is presently nether a large wind successful nan backdrop of nan government’s determination to terminate Subramanian’s tenure arsenic executive head of nan IMF, conscionable six months earlier his word was to travel to an extremity amidst alleged improprieties surrounding nan waste of nan book. According to sources, Union Bank is nan only lender wherever this rumor has cropped up for now, though specifications person been sought from different banks arsenic well.
Union Bank is understood to person purchased 189,450 paperback copies of nan book astatine Rs 100 each and different 10,422 hardcover copies of nan book astatine Rs 597 each, which came successful astatine a full Rs 7.25 crore.
The slope highlighted that reforms are expected successful nan banking sector, for manufacturing assemblage to beryllium capable to turn by taking in installments and investing. “As an effort to pat early business opportunities, it is desired by Top Management to administer copies of nan difficult screen book ‘India@100’ among nan customers/corporates PAN India,” it said successful nan memo.
The book was purchased by nan slope to beryllium distributed amongst customers, section schools, colleges and libraries. The books were distributed astatine 18 zonal offices of nan banks, which were expected to administer them further.
Business Today has sent an email to Union Bank connected nan issue.
Meanwhile, All India Union Bank Employees’ Association has besides written to A Manimekhalai, managing Director and CEO, Union Bank of India demanding an investigation into nan expenditure for acquisition of nan book.
“Please statement that our Association from clip to clip has been raising concerns complete Bank wastefully spending its hard-earned profits connected various items and avenues and we person been requesting nan Bank to not only workout constraints but besides to reappraisal specified spending to ascertain nan request and nan benefits reaped retired of nan same. Even nan acquisition of nan book for ample quantities was besides raised by us,” it underlined successful nan letter.
The relation has asked that nan slope should hole nan work for nan acquisition of nan books and what benefits accrued from nan acquisition of specified precocious number of copies.
Published on: May 6, 2025 2:44 PM IST
English (US) · 
Indonesian (ID) ·