-The Times of India BENGALURU: From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks. While 86% of all frauds in India for 2016-17 are linked to advances, it was 99% at Punjab National Bank (PNB) which, experts say, points to collusion with insiders. Also, 26 banks...
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Online crowdfunding is changing classrooms of ignored govt schools -Ishita Bhatia
-The Times of India MEERUT: Every time Priyanka Singh, a teacher at Upper Primary School, Barabanki, had to explain to her students complex scientific concepts that required colour coding to differentiate between ideas, she would wish for a whiteboard instead of the existing blackboard. She had tried getting donations for her school from locals but in vain. Then someone told her about an online fundraising platform for educators in India. She started...
More »'Ancient practices don't lead to water crisis'
-The Times of India JAIPUR: Rajasthan is heading for deep water crises not due to fluctuating monsoon, but due to shunning of traditional practices using and conserving water. Every village household till a century or some decades ago had its own water conservation system by effectively using used domestic water for cleaning clothes, irrigation. Lastly, accumulating the wastewater in a small hole in the end, say experts at a two conference...
More »MPs hiking own pay an ethical issue: Supreme Court -Amit Anand Choudhary
-The Times of India NEW DELHI: The Supreme Court on Tuesday agreed to examine a plea seeking a permanent mechanism to fix and revise the salary and allowances for MPs and MLAs, saying lawmakers increasing their own salary raised an "important ethical and legal issue" that needed adjudication. A bench of Justice J Chelameswar and Justice Sanjay Kishan Kaul said the Centre had been considering setting up a permanent body for the...
More »Private hospitals making profits of up to 1,737% on drugs, consumables and diagnostics: Study -Rema Nagarajan
-The Times of India NEW DELHI: An analysis of bills from four reputed private hospitals in Delhi and NCR by the National Pharmaceutical Pricing Authority (NPPA) has revealed that they are making profits of up to 1,737% on drugs, consumables and diagnostics and that these three accounts for about 46% of a patient’s bill. The analysis, released on Tuesday, noted that “the major beneficiaries of profits in all these cases because of...
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