-PTI ‘Impact in 2017-18 at ?36,694 cr. more than twice seen in previous 2 years, each’ Indian banks reported a total loss of about ?70,000 crore due to Frauds during the last three fiscals up to March 2018, the Rajya Sabha was informed on Tuesday. The extent of loss in Fraud cases reported by scheduled commercial banks (SCBs) for 2015-16, 2016-17 and 2017-18 was ?16,409 crore, ?16,652 crore and ?36,694 crore, respectively, Minister...
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Attempts Being Made to Dilute Anti-Corruption Laws, AP Shah Writes to Modi -Gaurav Vivek Bhatnagar
-TheWire.in The letter by the former Delhi chief justice highlights the dangers of decriminalising the Companies Act, introducing electoral bonds, weakening the RTI Act and not implementing of the Lokpal Act and Whistleblowers Protection Act. New Delhi: In a letter sent to Prime Minister Narendra Modi, former chief justice of Delhi high court and noted rights activist A.P. Shah has lamented that “instead of increasing transparency and accountability and making the deterrents...
More »Dark clouds over the RTI -Aruna Roy & Nikhil Dey
-The Hindu Any move to amend the RTI Act must involve public consultation The Bharatiya Janata Party (BJP)government has struck another blow against transparency and accountability. Its already negative track record — that has been marked by an unwillingness to operationalise the Lok Pal, the Whistleblowers Act and the Grievance Redress law — has taken another step backwards if one is to go by a single line in item 14 in the...
More »No safety trials on Siddha, Unani, Ayurvedic products
-Deccan Chronicle Ayush ministry states that experience and evidence of effectiveness of these drugs is based on textual rationale and published in literature. Hyderabad: Fraudsters would flourish if patented or proprietary Ayruvedic, Siddha and Unani products are given licence without insisting on safety trials, industry experts and medical professionals have stated. The Centre has issued drug regulators in states a directive to issue licenses to patented and proprietary products of Ayurvedic, Siddha and...
More »Heads of 11-PSBs to appear before the Standing Committee on Finance on Tuesday
-PTI New Delhi: Heads of 11-state owned banks will apprise a parliamentary committee about the problems of mounting bad loans and increasing Fraud cases on Tuesday, sources said. They will be appearing before the Standing Committee on Finance, headed by veteran Congress leader M Veerappa Moily, which is looking into ‘Banking Sector in India- Issues, Challenges and the Way Forward, including Non- Performing Assets/ Stressed Assets in Banks/Financial Institutions’. Top officials of IDBI...
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