-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...
More »SEARCH RESULT
Total Matching Records found : 1336
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 »Chinese medicine is cheaper-Ananth Krishnan
-The Hindu There are now as many as 9,000 Indian medical students in China As the costs of a medical education in India continue to rise, an increasing number of students are heading to foreign shores, with China, in particular, emerging as a favoured destination. A six year-education at an approved Chinese medical university, consultants say, can cost Rs. 25 lakh, including one-year internship and annual travel to India, although costs vary at...
More »Long-term impact of youth employment crisis could be felt for decades, warns UN report
-The United Nations An estimated 73 million young people will be out of work this year, according to a new United Nations report that says the long-term impact of the youth employment crisis could be felt for decades and calls for creative and wide-ranging policy solutions to address the problem. Global Employment Trends for Youth 2013: A generation at risk attributes that high number to persistent unemployment, a proliferation of temporary jobs...
More »Sunny future -Sujay Mehdudia
-The Hindu As a sun-swept country, India should have been a pioneer in the use of solar power with a photovoltaic panel on every roof. Good policy can help make up for lost time. Solar is the most secure of all energy sources, since it is abundantly available in India. With crippling electricity shortages, the price of electricity traded internally touched Rs. 7 a unit for base loads and Rs. 8.50 during...
More »
