-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...
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The latest buzz: eating insects can help tackle food insecurity, says FAO
-The United Nations While insects can be slimy, cringe-inducing creatures, often squashed on sight by humans, a new book released today by the Food and Agricultural Organization (FAO) says beetles, wasps and caterpillars are also an unexplored nutrition source that can help address global food insecurity. The book, Edible Insects: future prospects for food and feed security, stresses not just the nutritional value of insects, but also the benefits that insect farming...
More »RBI probes Cobrapost report, reveals violations by Banks: sources
-CNN-IBN New Delhi: The Reserve Bank of India is probing the Cobrapost sting operation on alleged money laundering by top Banks. The RBI report has revealed major irregularities in top Banks. The report shows string of violations on several counts. Sources say the RBI report reveals dummy PANs, unknown NRO IDs, unauthorised gold sale, rampant non-compliance of KYC norms and irregular staff trips. Sources say the RBI probe into ICICI Bank reveals cash...
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...
More »Returning money to investors a complex issue: Odisha Police
-PTI Balasore, (Odisha): Though the Crime Branch of Odisha Police have launched state-wide raids on chit fund companies, other non-Banking financial institutions and have arrested about 100 people, it was not sure about return of money to investors. "It is a complex issue. No specific commitment can be made on this matter as it involves many legal complications," additional director general of police (Crime Branch), B K Sharma told reporters here. Mr. Sharma...
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