-The Telegraph New Delhi: The Congress on Monday demanded that the State Bank of India declare the Gujarat State Petroleum Corporation bankrupt as it sought to puncture holes into "dream merchant" Narendra Modi's "Mr Clean" image, armed with an RBI circular on Resolution of Stressed Assets. Senior party leader Jairam Ramesh said the February 12 Reserve Bank circular mandated that any company that owed more than Rs 2,000 crore to banks on...
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Banks Raked in Rs 5,000 Crore from Fining Customers for Breaching Minimum Balance
-PTI India's largest lender State Bank of India, which suffered a staggering net loss of Rs 6,547 crore during 2017-18, led the pack in penalising its customers for not maintaining minimum account balance. New Delhi: As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data. India's largest lender...
More »Gang producing fake Aadhaar cards busted
-The Times of India NEW DELHI: A gang producing fake Aadhaar cards has been busted. Two men, who have been arrested, were former employees of a firm authorised to prepare Aadhaar cards at an SBI branch in Green Park. After losing their job early this year, Vikash Kumar and Sushil Kumar managed to slip out with the required equipment and started the fake operation in north Delhi’s Shastri Nagar. They were caught...
More »The Great Transparency 'Jumla'
-Newsclick.in Electoral bonds are neither 'transparent' nor 'anonymous'. In the latest revelation, file notings of the Election Commission of India (ECI) have showed that it had decided against uploading a letter – which talked about its reservations regarding the Finance Act, 2017 and introduction of the electoral bonds – on their website. The notings have been disclosed through a response to an application under the Right to Information Act (RTI) filed by...
More »A sugar rush -Harish Damodaran
-The Indian Express The result in the Kairana Lok Sabha seat bypoll, where ganna payment was the main issue, brought forth a crisis born of advances in plant breeding and boost in sugarcane production. Not many would have heard of Bakshi Ram. Currently director of the Sugarcane Breeding Institute (SBI) at Coimbatore, he isn’t as well-known as Norman Borlaug or M S Swaminathan. Yet, the wonder sugarcane variety, Co-0238, bred by...
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