India at the turning point in the campaign against covid-19, can not afford it yet: Ambani

India at the turning point in the campaign against covid-19, can not afford it yet: Ambani

Gandhinagar: Reliance Industries Chairman and Managing Director (CMD) Mukesh Ambani said on Saturday that India had entered an important stage in its fight against the corona virus. He said that upon reaching such an occasion, laxity cannot be done now. He said that bold reforms undertaken by the government would lead to rapid economic revival and rapid progress in the coming years.

Ambani's remarks come at a time when Kovid-19 cases have started to rise again in some parts of the country. Due to this, the administration is forced to impose restrictions. For example, in Ahmedabad, the administration has implemented a night curfew, while in cities like Delhi, there are some restrictions on traffic. Ambani said at the eighth convocation of Pandit Deendayal Petroleum University, "India has entered an important phase in the fight against the Kovid-19 pandemic. We cannot afford to be lax at this juncture. ”Ambani is also the president of this institute.

India emerged stronger than before. 
He said that India is an ancient land and it has faced many adverse situations in history as well. India has emerged stronger than ever, because resilience is deeply rooted in people and culture. Ambani, addressing the ceremony in a virtual way, said that he is seeing a spectacular growth in the post-Kovid-19 era. He asked the graduating students to leave nervousness and enter the world outside the campus with hope and confidence. Ambani said that economic growth will create unprecedented opportunities in the next two decades and India will be one of the top three economies in the world. 

Producing energy to propel the economy The 
country's richest businessman said, "The challenge before the world is whether we can produce energy to advance our economy without harming the environment." Right now, the world will need twice as much energy as the world needs. India's per capita energy needs will double in the next two decades. Ambani said that India needs to achieve the dual goal of becoming a superpower of clean and green energy simultaneously with becoming an economic superpower. 


Will customers get services after the merger of Laxmi Vilas Bank with DBS Bank?

Will customers get services after the merger of Laxmi Vilas Bank with DBS Bank?

New Delhi. DBS Bank India said on Monday that all banking services will be available to Lakshmi Vilas Bank (LVB) customers. Crisis Lakshmi Vilas Bank has been merged with DBS Bank India. Along with this, DBS Bank India said that currently there is no change in interest rates on savings accounts and fixed deposits (FD) for Lakshmi Vilas Bank customers. DBS Bank India said in a statement that Laxmi Vilas Bank's DBS Group Holdings Ltd. The wholly owned subsidiary of DBS Bank India has merged. The government and the Reserve Bank have merged LVB into DBS Bank India under special rights under Section 45 of the Banking Regulation Act, 1949.

The merger took effect from 27 November. The merger has brought relief to depositors, customers and employees of Lakshmi Vilas Bank after a period of uncertainty. The ban on Laxmi Vilas Bank has also been lifted from November 27. With this, the operations of all branches, digital mediums and ATMs have become normal. DBS Bank India said, "All banking services will continue to be served to Lakshmi Vilas Bank customers." They will get the same interest on savings accounts and FDs till the next notice, which was given by the erstwhile Lakshmi Vilas Bank. ''

The statement said that all the employees of Lakshmi Vilas Bank will now be employees of DBS Bank India. The service conditions for them will remain the same, which were applicable at Laxmi Vilas Bank. The Indian unit of Singapore's DBS Group has stated that it is working with partners of LVB to integrate Laxmi Vilas Bank's systems and networks with DBS. This integration will be completed in the next few months. Surjeet Shom, chief executive officer of DBS Bank India, said, "The merger of LVB will provide stability to its customers and employees." This will also increase the number of our customers. Also, we will have access to those cities where we do not have a presence yet.