-Cobra Post A sting operation conducted by online magazine Cobrapost across various branches of private financial institutions has revealed how bank employees are accepting black money from customers to convert them into white money. Cobrapost claims that the nationwide operation shows how private banking and insurance affiliates launder money as part of standard procedures. The sting also shows that money laundering services are openly being offered even to walk in customers who...

-Pragoti The magnificent victory of the CPI(M)-led Left Front in Tripura - winning 50 out of the 60 seats – and the success of the LF candidate in the Nalhati by-election in West Bengal has been interpreted as a “re-emergence” of the Left parties by a senior CPI(M) leader. This does not seem to be a rigorous assessment. While the fifth consecutive win by the LF in Tripura is a matter of...

-The Indian Express Setting up women-only banks overlooks the reasons for their exclusion The women-only bank mentioned in the finance minister's budget speech is like flowers and chocolates — a sweet thought but just as unsubstantial. Financial exclusion of women is a real problem. It deserves far greater effort than sops like a women-only bank. Such a bank also runs counter to the logic of mainstreaming, rather than ghettoising, gender issues. It is...

-The Economic Times Almost every fortnight, Nandan Nilekani knocks on the doors of the Reserve Bank to push his case for making Aadhaar an easy gateway to a bank account. He has reached a frontier that, when crossed, could multiply the number of Indians, untouched by high-street banks, to have accounts. An inexpensive technology to execute this exists: the fingerprint of the person with a 12-digit individual identification number is all a...

-The Indian Express Kannur: Seven years after Bitihotra Mohanti alias Bitti jumped parole following conviction in the rape of a German national in Rajasthan, he was arrested from Kannur in Kerala on Friday night, bringing to an end one of the longest hunts for a fugitive in the country. The son of former Orissa DGP B B Mohanti, Bitti had been sentenced to seven years’ rigorous imprisonment by a fast-track court for...