-The Times of India KOLKATA: It's not only Cobrapost that seems to be stinging public sector Banks. State-owned Banks have come under fire and are accused of being hand-in-glove with willful defaulters like Ponzi kingpin Sudipta Sen. In a 25-page statement that the CBI deems a confession, Sen has detailed how he acquired Global Automobiles, a company with a Bank debt of Rs 186 crore. Formed in 2005, the company's owner Shantanu...
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Food Bill stuck as Sharad Pawar too wants debate; govt cannot promulgate ordinance either
-The Economic Times Congress' plan to pass the food security bill in the Lok Sabha by Thursday, even if Opposition tries to block proceedings, ran into trouble after Agriculture Minister Sharad Pawar insisted on a structured discussion in the House on the issue. The Congress aim was to rush through the bill, after the party rejected main opposition BJP's offer to allow passage of the bill if Law Minister Ashwani Kumar and...
More »House stalemate could push food bill to next session -Zia Haq
-The Hindustan Times Passage of the UPA's flagship food security bill, a potential vote-winner, is at risk of being delayed with the BJP disrupting Parliament as it seeks the heads of two scandal-tainted ministers and key government ally Sharad Pawar demanding a full debate on the legislation. The food bill aims to give about two-thirds of Indians, or over 800 million people, a legal right to cheap food, and is a programme...
More »It is only KYC norm violation, says RBI
-The Hindu Mumbai: Reserve Bank of India (RBI) Deputy Governor K.C. Chakrabarty, on Monday, refuted money laundering charges levelled against various Banks, and said that all exposures by Cobrapost.com were connected to know-your-customer (KYC) norms. "We are seeing how the Banks are following up on the KYC norms. There are certain differences in the manner of reporting of KYC norms in each Bank...Need to strengthen KYC guidelines," he said. In March this year,...
More »More Indian newborns die on the first day than in any other country-Jayashree Nandi
-The Times of India More newborns die on the first day in India than in any other country, according to the latest 'State Of The World's Mothers 2013' report. Every year, over 309,300 children (29% of global share) in India don't live beyond the first day because of complications associated with preterm birth, hygiene and maternal health. This makes India infamous for leading both maternal and new-born deaths globally. The report...
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