aops which in the income tax law is classified as an individual for the purpose of taxation it was followed by announcement with regard to consolidation of 10 public sector banks psbs into four on august 30 according to the consolidation exercise united bank of india and oriental bank of commerce obc are to be merged with punjab national bank making the proposed entity the secondlargest psb syndicate bank is to be merged with canara bank allahabad bank will be merged with indian bank andhra bank will be amalgamated with corporation bank and union bank of india this would be the second round of consolidation of psbs earlier this year state bank of india had absorbed its five associate banks and the bharatiya mahila bank to form the biggest public sector lender in another merger bank of baroda had taken over dena bank and vijaya bank last week the government announced a slew of measures to boost exports and the real estate sector during the week the finance minister will chair the 37th meeting of the gst council which is expected to discuss rate revisions for various sectors including automobiles fastmoving consumer goods and hotels besides she will meet heads of the psbs to discuss issues including following up on transmission of monetary policy rates