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Banks need 12 lakh biz correspondents for rural area
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In spite of the Reserve Bank of India (RBI) missive advising banks to reduce their exposure to mutual funds (MFs), banks pumped in an additional Rs 6,261 crore in these instruments in the week up to November 6. The total outstanding investment by banks in MFs stands at Rs 1,60,483 crore compared with Rs 36,781 crore on March 27.

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Telangana MPs for action against Jagan for joining TDP protest

Congress MPs from Telangana region today met senior party leader and Defence Minister A K Antony demanding disciplinary action against Y S Jaganmohan Reddy for joining a TDP protest in Lok Sabha against the decision to carve out a separate state from Andhra Pradesh. - YSR"s bro Vivekananda Reddy goes on fast for united state - Cracks in Cong over Telangana out in the open - LS disrupted as TDP MPs oppose Telangana - "UPA govt messed up Telangana issue" - Govt seeks state, party support on statehood demands - NEWSALERT: PM assures nothing in haste on Telangana Jaganmohan, son of late Chief Minister Y S Rajasekhara Reddy, even stormed the well of the House, joining the TDP members who had trooped in there earlier. "We do not like the way Jaganmohan joined hands with the TDP. It is indiscipline. We have conveyed it to Antony," Sarvey Sathyanarayana, party MP from Malkajgiri, told reporters after meeting the Defence Minister. Manda Jagannath, MP from Nagarkurnool, said the decision to create a separate state was taken by the party high command and it was in the manifesto of the Congress for the state assembly elections. "They (Jaganmohan and others) went into the well of the House. This is unfortunate as they want to go against the decision of Madam (Sonia) Gandhi," he said, adding "it was a case of collusion with TDP". Ponnam Prabhakar, convenor of the AP Congress Lok Sabha and Rajya Sabha members, termed the act of the Congress MPs joining hands with the TDP as "indiscipline" and described the agitation on the issue in coastal Andhra Pradesh and Rayalseema as "stage-managed". He also termed the act of Congress MP L Rajagopal"s resignation as an act of indiscipline.


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