-Firstpost.com * The stark divergence in banks’ estimates vs that of the RBI has raised many eyebrows in the investor community prompting them to avoid such companies till clarity emerges * Recently, Bank of Baroda reported a divergence of Rs 5,250 crore in gross NPAs for the year ended March 2019 * Ever since divergences came to public, banks have begun to make higher provisions to cover up the mess An element of trust...
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35 detention centres ready for illegal immigrants, state tells Karnataka HC
-The New Indian Express 612 cases registered against illegal immigrants; foreigners to be looked after well till they are deported BENGALURU: The state government on Thursday informed the Karnataka High Court that it has identified a total of 35 detention centres in all districts to house illegal immigrants after their release on bail, or completion of sentence. State Public Prosecutor (SPP)-II made a submission to that effect before Justice KN Phaneendra, during the...
More »Reality check: Before PM Modi's distancing from pan-India NRC, there was Amit Shah's underlining -Liz Mathew
-The Indian Express In the run-up to the Lok Sabha elections, Shah had raised the pitch in West Bengal, where the BJP sought to use the “illegal immigrant” issue as a major poll plank to consolidate the Hindu votes against the Mamata Banerjee-led TMC government in the state. While Prime Minister Narendra Modi said on Sunday that there has been no discussion on a National Register of Citizens (NRC) since the time...
More »Justice Madan Lokur, former judge of the Supreme Court, interviewed by Bhadra Sinha (Hindustan Times)
-Hindustan Times Article 14 of the Constitution is not limited only to reasonable [actually rational] classification. What is important is that the rational classification must have a reasonable nexus with the object sought to be achieved by the legislation, says Justice Lokur Justice Madan Lokur, a former judge of the Supreme Court, says the proviso to the definition of illegal immigrant in the amended citizenship act is unconstitutional if one agrees with...
More »Debit cards in circulation fall 15% to 2-year low in October
-BusinessToday.in Almost 155 million debit cards reportedly went out of the market due to the migration from magnetic strip debit cards to EMV-based debit cards The number of debit cards in circulation fell 15 per cent on annual basis to 843 million in October as banks moved to migrate to EMV-chip-based cards. The downturn came as the debit cards in India seemed poised to touch the 1-billion mark a year ago, with...
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