-The Hindu They had sought inter alia universal social security cover for both organised and unorganised sectors Prime Minister Manmohan Singh on Friday said some of the demands raised by the various central trade unions, for which they organised a nationwide general strike for two days in February, were in advanced stage of consideration of the government. Those demands include universal social security cover for workers in both organised and unorganised sectors and...
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UN team sees no protection for whistleblowers in India -Vikas Dhoot
-The Economic Times NEW DELHI: Whistleblowers, victims, experts and witnesses testifying against or reporting private sector corruption have no cover under Indian laws, a United Nations' report on the country's compliance with the UN Convention Against Corruption has found. India had ratified the pact in May 2011. UN's Office on Drugs and Crime reviewed India's compliance with the aspects of the UNCAC that deal with curbing corruption in the private sector....
More »Banks suppressing alerts on suspect dealings: RBI probe-Josy Joseph
-The Times of India NEW DELHI: An investigation by the Reserve Bank of India (RBI) into allegations of money laundering by private banks has found large-scale violations ranging from huge cash deposits without PAN to dummy numbers. The probe report, a copy of which is available with TOI, shows that three private players - HDFC Bank, ICICI Bank and Axis Bank - had also hugely suppressed alerts generated by their system on...
More »Why Orissa mining may not go the Goa way -Meera Mohanty
-The Economic Times Three weeks ago, when the Supreme Court reopened the iron-ore mining door some more in Karnataka, miners in Orissa breathed a Rs 50,000 crore sigh of relief. Also in the dock for some offences of a similar nature, Orissa's iron-ore miners, who produce a third of this mineral that is critical to steel, had been dreading their fate, which lay in the hands of a Central government panel. The...
More »NABARD shifts blame for corporate warehousing scheme to FinMin, RBI-Shalini Singh
-The Hindu In the eye of the storm for funding corporate warehousing projects on terms far softer than those offered to poor farmers, the National Bank for Agriculture and Rural Development (NABARD) is now blaming the Ministry of Finance (MoF) and the Reserve Bank of India (RBI) for the transgressions. Following a story in The Hindu, (‘As farmers suffer, NABARD offers soft loans to corporates, ' December 10, 2012), NABARD came under...
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