-The Economic Times MUMBAI: The employees at ICICI Bank, HDFC Bank and Axis Bank may have violated know-your-customer norms and helped clients evade taxes, the Reserve Bank of India's investigation has found. "Banks opened current account based on power of attorney without KYC," ET Now reported citing people familiar with the report. "Banks gave cash advances for gold purchases", which is a violation of norms, it said. The central bank and the...
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Doublespeak on electoral reforms-N Gopalaswami
-The Hindu The paid news case is no longer just about Ashok Chavan. It concerns every individual and institution opposed to the sway of money power in elections Politicians everywhere are known to indulge in doublespeak and our politicians are no exception. But some recent pronouncements of our Law Minister only show that our politicians may have very few serious rivals in this sport. Not long ago, the Minister was all praise...
More »PMO refues to give information related to Robert Vadra land deal case -Ashish Tripathi
-The Times of India LUCKNOW: The Prime Minister's Office (PMO) has denied to provide information on Robert Vadra writ petition filed in the Allahabad high court. The public information officer (PIO) of the PMO denied providing notesheet of the case-related file to the petitioner and social activist Nutan Thakur saying that the matter was sub-judice. To this Thakur, wrote to the first appellate authority (FAO) saying that the RTI Act nowhere prohibits...
More »After sexual harassment at workplace, woman faces online slander-Meena Menon
-The Hindu First it was sexual harassment at workplace. Next comes the slanderous campaign on the Internet. For this former employee of auditing firm KPMG, life has become hell since 2007. Now Aditi (name changed) is fighting with the Mumbai cyber police who are doing little on her 2012 complaint seeking action against websites which hosted offensive comments against her. Trial yet to begin While the sexual harassment case led to the...
More »Most big patented drugs skip India -Rupali Mukherjee
-The Times of India Big pharma may be crying hoarse over India's "weak'' intellectual property environment, but over the past five years or so, they have introduced only a handful of their patented blockbusters in the country. That's not all. The contribution of patented drugs in the Rs 72,000-crore pharma retail market is not even 1%, indicating that multinationals have been traditionally slow and have a poor track record in introducing...
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