GOI vide its circulars in 1986 and 1987 had laid down certain guidelines for promotion process to be followed by Public Sector Banks. However, slowly urban forex divergent bank in the name of fine tuning started deviating from such guidelines.
HR Policies on number of occasions, but HR Departments of Public Sector Banks and top management were totally blind to such suggestions and being arrogant, rubbished any such deficiencies. Finance Ministry has lately realised that slowly PS Banks are becoming fiefdom of CMDs and EDs as they had absolute authority in promotions and processes have already been tinkered to suit their requirements in each individual bank. Although, we are of the view that even this policy has many pitfalls, yet it is likely to put at least some brake on the absolute powers of CMDs and EDs who were till now promoting people at their will. The new policy if implemented sincerely is likely to reduce flattery to some extent.
Branch Head for at least three years. Bank should be constituted with the approval of the Board. Whether the officer has worked in different specialized areas of the banks. The above guidelines are likely to be implemented by each Bank after approval of the respective Boards. Therefore, all serving bankers should watch their interest in finalisation of promotion policies which can again be fine tuned to suit the ends of the top management by interpreting the new guidelines in their own way. As and when the new policy is approved by respective Banks, we would like our readers to share the same with us so that we can upload the same on our website and our readers can compare the same with policies of other banks. Disclaimer : The above details have been gathered by us from the feedback received from our readers.
05 production of Swaziland’s staple food crop, maize, is estimated at 82 240 tonnes, about 10 percent higher than last year’s official post-harvest estimate but 6 percent below the average of the previous five years. The improved performance was due to favourable rainfall and increased use of chemical fertilizers combined with farmyard manure in the Highveld and Middleveld. The Lowveld and parts of Lubombo suffered serious crop failure due to poor rainfall. From a longer-term perspective, maize production in Swaziland appears to be on the decline. 110 600 tonnes, of which 69 700 tonnes are expected to be imported commercially. With about 6 200 tonnes of food aid in stock and pipeline at the beginning of the marketing year, there remains an uncovered deficit of 34 700 tonnes which needs to be met by additional international assistance.
Access to food for poor households remains a serious issue. Available data indicate that per capita consumption of maize has been declining over time without significant cross-substitution with other foods. There is an urgent need to reform the country’s existing pricing and marketing policies for maize. 06 marketing year, with another large segment of the population suffering from shortages of shorter duration.