-The Economic Times NEW DELHI: The government's earnestness to change the lives of millions untouched by high-street banks is being tested with a proposal from its own department of posts. Armed with an amazing network of offices, the department has sought Rs 1,900 crore from the Centre to launch a bank that would connect with the aam aadmi in Indian villages and far-flung areas where few institutional lenders have a presence. Financial...

-PTI     FATF is an inter-governmental body that sets standards and promotes policies to combat Money Laundering and terrorist financing for countries across the world. In a major boost to measures being taken by India against Money Laundering and terror financing activities, the Financial Action Task Force (FATF) today said the country has substantially addressed the deficiencies in its regulatory framework and has become largely compliant with global standards in this regard. FATF is...

-The Times of India NEW DELHI: The Election Commission (EC) has written to the Financial Intelligence Unit (FIU) to keep tabs on all suspicious transactions of politicians, especially those contesting elections, and report them to enforcement agencies for investigation. The directive to the FIU is a bid to cleanse elections of illicit money use. The FIU is also preparing dossiers on asset details of all candidates contesting Lok Sabha and assembly polls,...

-The Times of India NEW DELHI: The Union Cabinet on Tuesday cleared a legislation to set up a long-pending real estate regulator aiming to protect home buyers from unscrupulous developers and builders. A real estate regulator - to be set up in every state - will ensure that private developers get all their projects registered with it before sale and only after obtaining all necessary clearances. "It will be mandatory for developers under...

-The Indian Express Bringing political parties under RTI is a bad, and anti-political, idea In a radical ruling, the chief information commissioner has decided that political parties should be open to scrutiny under the right to information. Six national parties have been asked to appoint officers to handle requests, and proactively share information about their finances and voluntary contributions, including donor information. The logic is that parties get public land and offices,...