-The Indian Express Contrary to the perception that money laundering is widespread across the country's banking sector, the Financial Intelligence Unit (FIU) has found an average of only about 700 cases annually over the last four years on which investigations could be initiated. The FIU is the national agency responsible for tracking information related to suspect financial transactions. Finance ministry data shows that during the last four years, banks and other entities have...
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Empower the citizen
-The Hindu Nationwide frustration arising from large-scale corruption by people in authority erupted in a wave of protests two years ago. Legislative remedies proposed as a response to pubLIC anger, such as the Lokpal and the Lokayuktas in all States, have still not become a reality. Adding to the aam aadmi’s sense of outrage, another important legislation that aims at ending administrative gridlock and corruption has run into political troubles. The...
More »India Post readies plan to start bank -Sidhartha & Saurabh Sinha
-The Times of India The Reserve Bank of India having opened the window for new bank LICences, the postal department is finalizing the blueprint to set up a bank of its own at your neighbourhood post office, a move that will challenge the dominance of large pubLIC sector lenders in smaller towns and rural India. While the department already has a balance sheet of Rs 6.18 lakh crore, which includes deposits of...
More »Standing committee calls for Aadhaar card for street vendors-Anuja & Neha Sethi
-Live Mint The Street Vendors Bill, 2012, is the first attempt to regulate urban street hawkers India’s more than 10 million street vendors should be registered on the basis of their Aadhaar numbers to ensure proper identification, a standing committee has recommended in its report on the Street Vendors Bill, 2012. “The Aadhaar card may be linked towards identification of street vendors,” the panel said in the report it submitted to the Lok...
More »Unfazed, Katju defends push for scribe qualifications -Prashant Jha
-The Hindu Amid criticism that his move to determine minimum qualifications for journalists is based on a misunderstanding of the nature of the profession, Press Council of India (PCI) chairperson, Markandey Katju, called for a ‘healthy debate’ on the issue and lashed out at ‘touchy journalists’. He has also expanded the mandate of the committee, meant to decide on educational standards for journalists, to suggest ways to regulate and supervise journalism...
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