-Outlook Reserve Bank of India (RBI) today said it has completed investigations against Banks following the Cobrapost expose and will take action if they are found guilty of violating prudential Banking norms. "We have done investigations, we have prepared an internal report. There are processes to be followed to take investigations to its logical closure... "The first is action against individual institutions who are involved in practises which are not consistent with the...
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Mamata proposes govt-sponsored deposit-taking scheme-Probal Basak
-The Business Standard The scheme can be named as 'Social Security Scheme' or 'We The People Scheme'; would not offer high returns like chit funds Kolkata: West Bengal Chief Minister Mamata Banerjee today proposed to launch a government-sponsored deposit-taking scheme to provide a secured saving option to the rural people of the state as an alternative. "To provide proper facility in the wake of growing financial insecurity, we are thinking of a social...
More »Mamata seeks public opinion on 'parrot CBI'
-IANS Amid clamour for a CBI probe into the raging Saradha Group chit fund scam, West Bengal Chief Minister Mamata Banerjee Wednesday sought public opinion on the Supreme Court describing the agency as "a caged parrot speaking in its master's voice". "Please see what the Hon'ble Supreme Court has said. CBI has become caged parrot speaking in its master's voice. What do you think? Opinion please," Banerjee said on a social networking...
More »In recent times, every scam’s trail has led to dubious deals in real estate -Ravi Teja Sharma & Viney Sharma
-The Economic Times NEW DELHI and CHANDIGARH: It is not without reason that the quintessential real estate firm has become the epicentre in all scams in India in recent times. From Satyam to 2G, Vadra to Saradha and now Railgate - every scam's trail leads to fraudulent investments and dubious deals in the real estate sector. Not only does the barely regulated sector allows rampant transactions in black money allowing scamsters...
More »UPA committed to passage of Food Security Bill: PM
-ANI The Prime Minister, Dr. Manmohan Singh, today said the UPA Government is committed to the passage of Food Security Bill. "The Food Security Bill is a very important legislation for the government. The UPA is committed to make this law after considering all opinions," he said. Meanwhile, Food Minister K.V. Thomas said he has to look into various angles before taking a call. "I am neither ruling in or ruling out. I have...
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