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Indian Railways begins 'world's biggest recruitment drive' for 90,000 vacancies The Railways has begun what is being touted as the world's largest  drive, with about 90,000 vacancies across different groups and positions. Vacancies are available for loco pilots, gangmen, technicians, switchmen, cabinmen, trackmen, welders, porters, helpers and more. Along with filling entry-level vacancies, the Railways is trimming its board by about half, an attempt to "right-size" the "top-heavy" department. Know more about it This month, Railways first announced 26,502 vacancies for assistant loco pilots and technicians, with a Level 02 salary as per the 7th CPC Pay Matrix (initial pay of Rs. 19,900 plus allowances). Days later, it invited applications for another 90,000 lower-level posts. Profiles available are for blacksmiths, carpenters and other technicians in Group C Level I (Erstwhile Group D) & Level II Categories c andidates aged...

By paying the other lenders, only the balance sheet of PNB will suffer in terms of losses while the other banks will not have to make provisions. The Reserve Bank of India has directed Punjab National Bank to pay the entire Rs 11,300 crore owed to counterparty banks in the alleged fraud involving jeweller Nirav Modi, said two bankers aware of the development. Not doing so could lead to turmoil in the financial markets as the trust factor that’s integral to the functioning of the banking industry will be lost, they said. PNB, which is short of funds, has in turn sought the intervention of the government to sort out the mess, they added. “RBI as made their stand very clear that PNB is liable to pay dues to peer banks,” said one of the bankers present at the meeting where the matter was discussed. “If PNB does not pay up, it will lead to double provisioning-- both PNB and 30 other banks will have provide for the huge loss.” By paying the other lenders, only the bala...