-The Times of India Investigative website Cobrapost has released further secret tapes to show alleged money laundering by more banks. In the third part of its tapes, Cobrapost claimed that it has recorded officials of Bank of India, Central Bank of India, Bank of Maharashtra, Allahabad Bank and Bank of Baroda, all major public sector banks, as well as IndusInd Bank, ING Vysya Bank, HDFC Bank , ICICI Bank and Axis Bank,...
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Action Against Banks if Guilty: RBI on Cobrapost Sting
-Outlook Reserve Bank of India (RBI) today said it has completed investigations against banks following the Cobrapost expose and will take action if they are found guilty of violating prudential banking norms. "We have done investigations, we have prepared an internal report. There are processes to be followed to take investigations to its logical closure... "The first is action against individual institutions who are involved in practises which are not consistent with the...
More »The responsibility to protect -Anjali Bhardwaj and Shekhar Singh
-The Indian Express A sound whistleblowers' protection law is long awaited. It languishes in Parliament at the system's peril Nandi Singh, a resident of a remote village in Assam, was brutally attacked with axes in September 2012 as a result of a complaint filed by him regarding irregularities in the functioning of fair price shops supplying rations under the public distribution system. He succumbed to his injuries on the way to the...
More »Other nations can emulate DBT scheme, says ADB-Ashok Dasgupta
-The Hindu "I think it is a great effort, we are learning a lot from India" Even as India's Direct Benefit Transfer (DBT) is yet to be fully implemented under its second phase, the government's flagship programme on distribution of entitlements to the poor came in for praise by the Asian Development Bank (ADB). At a media conference on Saturday on the sidelines of the ADB's ongoing annual meeting at Greater Noida near...
More »A suitable CAG -Ratna Viswanathan
-The Indian Express As the tenure of the incumbent draws to a close, let's debate the institution's structure and powers It is time for the selection of a new comptroller and auditor general as the tenure of the incumbent draws to a close on May 22. Traditionally, the CAG has been an unseen agency, churning out audit report after audit report on every department supported by government funds every year. The last...
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