[46][47] A few months later in response to the Indian nuclear tests, Pakistan also conducted nuclear tests. A group of senior leaders wrote a letter to the party president to reform the Congress allowing others to take charge. The next was the Punjab National Bank, established in Lahore in 1894, which has survived to the present and is now one of the largest banks in India. [251][252] This was followed by the annexation of Sikkim in 1975. They also run four overseas branches in the UAE. The office is located at South Block, and is a 20-room complex, and has the Cabinet Secretariat, the Ministry of Defence and the Ministry of External Affairs adjacent to it. There are also records of Indian bankers using issuing bills of exchange on foreign countries. The bank also faced allegations of inappropriate behaviour in recovering its loans. In this role, the prime minister is tasked with representing the executive in the legislature, announces important legislation, and is further expected to respond to the opposition's concerns. Union Bank was incorporated in 1845 but failed in 1848, having been insolvent for some time and having used new money from depositors to pay its dividends.[17]. UCO Bank's headquarters is on BTM Sarani, Kolkata. The history of the economic policy of Congress-led governments can be divided into two periods. [112] The 1969 attempt by Indira Gandhi government to abolish privy purse and the official recognition of the titles did not meet with success. [91] Shastri appointed Indira Gandhi, Jawaharlal Nehru's daughter and former party president, Minister of Information and Broadcasting. The considerable use of these instruments has been recorded[citation needed]. However, another split occurred in 1979, leading to the creation of the Congress (I), which was recognized as the Congress by the Electoral Commission in 1981. [36] An analyst foresaw an initial negative impact as a result of different pension liability provisions and accounting policies for bad loans. The new policy shook the banking sector in India completely. To revitalise the party, Kamaraj proposed the Kamaraj Plan to Nehru that encouraged six Congress chief ministers (including himself) and six senior cabinet ministers to resign to take up party work. Narendra Modithe Chief Minister of Gujaratwas elected prime minister, becoming the first prime minister to have been born in an independent India. [13], In 2015, Agrani Bank re-appointed Syed Abdul Hamid managing director; a post he held since 2014. Also, as the Minister of Personnel, Public Grievances and Pensions, the PM also exercises control over the Indian Administrative Service (IAS),[93] the country's premier civil service,[94][95] which staffs most of the senior civil service positions;[94][95] the Public Enterprises Selection Board (PESB);[96][97] and the Central Bureau of Investigation (CBI),[96][97] except for the selection of its director, who is chosen by a committee of: (a) the prime minister, as chairperson; (b) the leader of the opposition in Lok Sabha; and (c) the chief justice. The first general election the Congress contested after the Indian independence was in 195152 general elections, in which it won 364 of the 489 seats and 45 per cent of the total votes. The amalgamation became effective from 1 April 2019. The prime minister of India (IAST: Bhrat k Pradhnmantr) is the head of government of the Republic of India. [227] Trade reforms and changes in the regulation of foreign direct investment were introduced in order to open India to foreign trade while stabilising external loans. [73] Many users reported unauthorised use of their cards in locations in China. Gandhi lost her seat to her Janata opponent Raj Narain. The [15], In June 2016, Syed Abdul Hamid, the managing director of Agrani Bank was removed by Bangladesh Bank for providing 7.92 billion taka worth of loans against rules. The UPA with external support from the Bahujan Samaj Party, Samajwadi Party, Kerala Congress, and the Left Front managed a comfortable majority. Indira Gandhi firmly tied Indian anti-imperialist interests in Africa to those of the Soviet Union. [23] Bangladesh Securities and Exchange Commission approved Agrani Banks request to form a billion taka mutual fund. [178], The Congress party emphasizes social equality, freedom, secularism, and equal opportunity. [42] His premiership, however, was also a witness to the demolition of the Babri Masjid, which resulted in the death of about 2,000 people. [51] In the subsequent October 1999 general election, the BJP-led NDA and its affiliated parties secured a comfortable majority in the Lok Sabha, winning 299 of 543 seats in the lower house. [52][53], ICICI Bank was one of the leading Indian banks accused of blatant money laundering through violation of RBI guidelines in the famous CobraPost[54] sting operation which shook up Indian banking industry during AprilMay 2013. 1998: Anagram (ENAGRAM) Finance. In May 1998after a month in powerthe government announced the conduct of five underground nuclear explosions in Pokhran. [citation needed], This international network is further augmented by correspondent arrangements with leading Banks at all important world centres in various countries. [113], On 12 June 1975, the High Court of Allahabad declared Indira Gandhi's election to the Lok Sabha, the lower house of India's parliament, void on the grounds of electoral malpractice. [229], In 2004, Singh became prime minister of the Congress-led UPA government. Janata Bank is the second largest state-owned commercial bank in Bangladesh. Notably Her support for the independent candidate, V. V. Giri, rather than the official Congress party candidate, Neelam Sanjiva Reddy, for the vacant post of the president of India[103][104] and Gandhi's abrupt nationalisation of the 14 biggest banks in India. [159][162][163] The Congress-led United Progressive Alliance (UPA) won 222 seats in the new parliament, defeating the NDA by a substantial margin. He was also the first PM to come from southern India. [a][29] From the late 19th century, and especially after 1920, under the leadership of Mahatma Gandhi, the Congress became the principal leader of the Indian independence movement. The Indian National Congress (INC), colloquially the Congress Party but often simply the Congress, is a political party in India with widespread roots. [267] Congress has continued the foreign policy started by P.V. Narasimha Rao. [180][181], Bharat Jodo Yatra witnessed a huge turnout in Kerala, especially in Thiruvananthapuram, the capital of Kerala. [253], Manmohan Singh's administration initiated a massive reconstruction effort in Kashmir to stabilize the region and strengthened anti-terrorism laws with amendments to the Unlawful Activities (Prevention) Act (UAPA). This eliminated the existential competition and cooperation between RRB's and essentially making them a subsidiary bank of the promoter nationalised bank with state equity. The culture of Bengal defines the cultural heritage of the Bengali people native to eastern regions of the Indian subcontinent, mainly what is today Bangladesh and the Indian states of West Bengal and Tripura, where the Bengali language is the official and primary language. Currently, Bangladesh Awami League again has become the dominant political force since 2008. This created a belief among Indians that Indira's Congress was the Real Congress (INC-R). By the 1960s, the Indian banking industry had become an important tool to facilitate the development of the Indian economy. The original remunerations for the prime minister and other ministers were specified in the Part B of the second schedule of the constitution, which was later removed by an amendment. It was estimated 3.2 million debit cards were compromised. The international linkage from Singapore is supported by a large number of Indian branches network through Integrated Treasury Branch, Mumbai. He was welcomed by the Bharatiya Janata Party (BJP) led National Democratic Alliance coalition government of India. The district party is the smallest functional unit of Congress. He believed that the establishment of basic and heavy industry was fundamental to the development and modernisation of the Indian economy. [75], Narendra Modi was re-elected as prime minister in 2019 with a bigger mandate than that of 2014. This winning recorded a vote share of 49.1 per cent resulting in an overall increase to 48.1 per cent. The motto UCO Bank is "Honours your Trust". From the late 19th century, and especially after 1920, under the leadership of Mahatma Gandhi, the Congress [127] The fundaccording to its websiteis "entirely dependent on voluntary contributions from the public and does not get any budgetary support.". In the aftermath of the Sino-Indian War of 1962, and the formation of military ties between China and Pakistan, Shastri's government expanded the defence budget of India's armed forces. Later in the year, the Congress party president, S. Nijalingappa, expelled her from the party for indiscipline. This bank and insurance-related article is a stub. Following this donors from all sections of the society donated whole heartedly. This resulted in more functional specialisation, decentralisation of administration and emphasis on development of personnel skill and attitude. 1935. [89], As prime minister, Shastri retained most of members of Nehru's Council of Ministers; T. T. Krishnamachari was retained as Finance Minister of India, as was Defence Minister Yashwantrao Chavan. [34] During a tenure of less than a year, Singh and his government accepted the Mandal Commission's recommendations. "A Conversation with Prime Minister Dr. Manmohan Singh", "President of Pradesh Congress Committee", "The Past And Future of the Indian National Congress", "Lok Sabha Election 2014 Analysis, Infographics, Election 2014 Map, Election 2014 Charts", "Congress minority cell opposes quota cut", "How Indira's Congress got its hand symbol", "Indian political party election symbols from 1951", "A tale of changing election symbols of Congress, BJP", "Presidents of Congress past: A look at the party's presidency since 1947", "Exclusive: Complete Text Of Congress "Letter Bomb" And Its Big Points", "Bhupesh Baghel Sworn-In As Chief Minister Of Chhattisgarh", "Uddhav Thackeray resigns ahead of floor test, BJP set to return with Sena rebelst", "Jharkhand polls: JMM-led alliance trounces the BJP in Jharkhand", "DMK-led Secular Progressive Alliance wins 21 Corporations in sweep of urban civic polls", "MM Hassan takes charge as the UDF convener", "First general elections in India: All you need to know", "At 98, two-time interim PM Gulzarilal Nanda is the epitome of Gandhian ideals", "Today in 1966: Indira Gandhi becomes Prime Minister", Communist Party of India (MarxistLeninist) Liberation, Dadra and Nagar Haveli and Daman and Diu TCC, Satyendra Prasanna Sinha, 1st Baron Sinha, Jammu and Kashmir National Panthers Party, Jammu and Kashmir Peoples Democratic Party, Democratic Socialist Party (Prabodh Chandra), Khun Hynniewtrep National Awakening Movement, Revolutionary Socialist Party of Kerala (Bolshevik), Socialist Unity Centre of India (Communist), Tipraha Indigenous Progressive Regional Alliance (TIPRA), Governors, Lieutenant Governors and Administrators, Fundamental rights, principles and duties, Bureau of Police Research and Development (BPR&D), Directorate of Revenue Intelligence (DRI), Historical exchange rates data of the Indian rupee, https://en.wikipedia.org/w/index.php?title=Indian_National_Congress&oldid=1120586535, Full member parties of the Socialist International, Articles with dead external links from March 2016, Wikipedia indefinitely semi-protected pages, All Wikipedia articles written in Indian English, Pages using infobox Indian political party with unknown parameters, Articles with unsourced statements from June 2020, Articles with unsourced statements from March 2022, Articles containing potentially dated statements from 2021, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License 3.0, All India Congress Minority Department, also referred to as Minority Congress is the minority wing of the Congress party. [221] The Licence Raj was a result of Nehru and his successors' desire to have a planned economy where all aspects of the economy were controlled by the state, and licences were given to a select few. [72] The Nehru government directed investment primarily into key public sector industriessteel, iron, coal, and powerpromoting their development with subsidies and protectionist policies. Former chief minister of Punjab and senior Congress member Amarinder Singh said, "India belongs to all religions, which is its strength, and the Congress would not allow anyone to destroy its cherished secular values.[206] On 9 November 1989, Rajiv Gandhi had allowed Shilanyas (foundation stone-laying ceremony) adjacent to the then disputed Ram Janmabhoomi site. [120][121][122] As a former member of the parliament, the prime minister also receives a pension after they leave office.