-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...
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Rural job plan under DBT from October -Chetan Chauhan
-The Hindustan Times The UPA government intends to put the world's biggest job guarantee programme - MGNREGA - on its "game-changer" money transfer platform - the Direct Benefit Transfer (DBT) from this October. That would happen if the government agencies are able to provide unique identification or Aadhaar numbers to entire population in 51 districts, where the government intends to put MGNREGA under DBT mode, and the banks and posts offices come...
More »NHRC gives Rs 5 lakh to encounter victim's kin
-The Indian Express Ghuwati: The National Human Rights Commission (NHRC) has asked the Assam government to pay a compensation of Rs 5 lakh to the next of kin of one Rajib Basumatary of Doimoguri village in Sonitpur district, who was killed in an encounter between suspected NDFB militants and a joint patrol of Assam Police and CRPF personnel in June 2010. While the police claimed that Rajib was killed when it had...
More »Chit fund scam: Sudipta Sen breaks down as Debjani Mukherjee sings
-The Indian Express Saradha group CMD Sudipta Sen and executive director Debjani Mukherjee were questioned together for the first time by police today. Sen broke down in front of the interrogators when Mukherjee blamed him for the company going bust, police sources said. Mukherjee, who has been "cooperating" with the police since she was arrested, is likely to become an approver. Officials earlier said that Mukherjee could become approver only after the police...
More »Everyone loves food security -Sunil Jain
-The Indian Express The Congress's bill could end up sponsoring the NDA's campaigns A good thing about the logjam in Parliament, it has to be said, is that it has prevented the ill-advised food security bill from being passed. It would, though, be naive on our part to presume the BJP stalled Parliament - the Congress's blatant abuse of the CBI process was a big reason for this - only because it...
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