Aqua Line ready for launch, nod awaited from UP govt

PM Modi Likely To Inaugurate Corridor

Noida

: The Noida-Greater Noida metro corridor, also known as Aqua Line, is all set for launch. The commissioner of metro rail safety (CMRS) has given its go-ahead for starting commercial operations on the line, and Delhi Metro and Noida Metro officials are now waiting for the final nod from the UP government. The chief minister’s office, officials said, is coordinating with the PMO to finalise a date for the inauguration by Prime Minister Narendra Modi.

According to officials, the CMRS submitted its report to DMRC chief after an inspection from December 11-13. “The CMRS has asked DMRC to file another report on a number of aspects on which work has to be completed. That was done on Wednesday,” said an official.

NMRC executive director PD Upadhyay, who was in Lucknow to meet UP chief secretary Anup Chandra Pandey on Friday, told TOI he had delivered a letter seeking an official date for inauguration. “The CMRS has given a sanction for commercial opening of the line. It is now up to the state government to decide on the inauguration date.”

Though the state government is now coordinating with the PMO to check for the Prime Minister’s availability for the launch, officials do not rule out that the PM may choose to inaugurate Aqua Line either in person or via videoconferencing.

“It is possible that inauguration may take place with a pressing of a button by PM Modi or a rally may also be organised. But the latter would need preparations for which prior arrangements have to be made after an official schedule for the programme is received from the Prime Minister’s Office,” said an official.

However, an official schedule for the programme will be received only after a date has been finalised.

Meanwhile, the Noida Authority is also required to complete the pending work on different fronts like the under-construction road under the metro track, dividers, parking and the manholes, etc — many of which were highlighted by the CMRS during the three-day inspection.

The Aqua Line will connect Noida and Greater Noida and will be one of the first major public transport options for the area. However, the line will not be seamlessly connected with the Delhi Metro network and commuters will have to change trains and buy tokens to use the two networks.

PSU banks collected ₹10k cr from you in 3 and a half yrs

Charged For ATM Withdrawals, Not Maintaining Min Balance

TIMES NEWS NETWORK

New Delhi:

State-run banks have collected over Rs 10,000 crore from those who did not maintain minimum balance in their savings accounts and from charges levied on ATM withdrawals beyond the free transactions in the last nearly three and a half years, data submitted in Parliament showed.

According to a written reply to a Parliament question, the low monthly average balance was charged by SBI till 2012 but it stopped doing so till March 31, 2016 while other banks, including private banks, were charging as approved by their boards. SBI reintroduced the charge from April 1, 2017.

The minimum balance requirements were subsequently reduced from October 1, 2017. There is no minimum balance requirement for basic savings bank deposit accounts and Jan-Dhan accounts.

Apart from the over Rs 10,000 crore collected by staterun banks during the threeand-a-half-year period, private banks would also have collected a hefty amount. Data for private banks was not included in the numbers provided in the Parliament question.

The details emerged in a reply by the finance ministry to a question posed by Lok Sabha MP Dibyendu Adhikari on Tuesday. The ministry said the Reserve Bank of India (RBI) had permitted banks to fix charges on various services rendered by them, as approved by their boards. The banks are to ensure that the charges are reasonable and not out of line with the average cost of providing these services.

It also said, according to the RBI’s directions, a minimum of three free transactions at any other bank’s ATM at six metros — Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad — and a minimum of five free ATM transactions at a bank’s own ATM at any other location is permitted during a month.

“Beyond this minimum number of free ATM transactions, banks have their boardapproved policy on charges from customers on ATM transactions subject to a cap of Rs 20 per transaction,” the ministry said in its reply.

The ministry also said public sector banks had informed that they do not have any plans to shut down their ATMs. This was in response to the question on whether the government proposes to withdraw 50% of total ATM services in the country by March 2019.

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