-The Times of India BENGALURU: Highly cash-dependent traders in gems and diamonds have cost banks at least Rs 5,000 crore through 90 defaults, bank-wise and company-wise data on wilful defaulters compiled by the Federation of Bank of India Staff Unions (FBISU) shows. The top loser is PNB, with just nine defaulters but a loss of Rs 1,790 crore — four times the amount SBI lost. SBI reported the most number of wilful defaults...
More »SEARCH RESULT
Total Matching Records found : 11015
Draft Bill on regulating pesticides could punish farmers who use spurious products, experts fear -Mridula Chari
-Scroll.in The proposed law is almost identical to the United Progressive Alliance’s 2008 Pesticide Management Bill. Months after more than 40 people in three states were reported to have died in the second half of 2017 after being exposed to spurious pesticides, the Bharatiya Janata Party government has begun consultations on a new Pesticides Management Bill. The deaths in rural Maharashtra, Tamil Nadu and Telangana highlighted the fact that the Insecticides Act...
More »Assured return offers by realtors and jewellers to be treated as Ponzi -Sidhartha
-The Times of India NEW DELHI: The proposed law to crack down on Ponzi schemes will bar real estate developers that offer fixed returns till possession as well as schemes from jewellers as the government believes that they are “unregulated deposits”. The clampdown on realtors, jewellers and other deposit-seeking entities is part of the Banning of Unregulated Deposit Schemes Bill, which was cleared by the Cabinet on Wednesday and is expected to...
More »86% of bank frauds tied to loans, 99% in case of PNB -Chethan Kumar
-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...
More »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 »
