-ThePrint.in Growing CAD, weak bank deposit growth, and fiscal deficit surpassing estimates cause for worry. The Central Statistics Office (CSO) recently released the Second Advance Estimates (2nd AE) for 2017-18, and the 3rd quarter GDP growth figures for October-December 2017. The new numbers have added some cheer to the disappointing state of affairs in the economy. The aggregate gross domestic product (GDP) registered a healthy growth of 7.2 per cent, while the gross...
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Public sector banks lost Rs 2,450 crore to frauds involving staff: RBI data -Chethan Kumar
-The Times of India BENGALURU: Among other things that emerged in the aftermath of the massive Punjab National Bank (PNB) scam is the active role of employees of the Public Sector Banks (PSBs) in multiple frauds over the years. TOI has accessed Reserve Bank of India data that reveals the number of cases involving staff across various states and the amount of loss reported. Overall, data from April 2013 to June 2016...
More »Survey: Serious flaws in new food subsidy scheme in Jharkhand
-The Times of India RANCHI: Jharkhand government's Direct Benefit Transfer (DBT) scheme, introduced last year for ration distribution, has serious flaws, an audit by Right To Food (RTF) Campaign has revealed. After the pilot DBT scheme was introduced in October 2017 at Nagri block in Ranchi district, residents could no longer purchase rice at Re 1 per kg from ration shops and instead had to wait for transfers to their bank accounts....
More »Nagri can't stomach DBT
-The Telegraph Cash-for-ration going directly to beneficiary bank accounts 'a disaster' Ranchi: Bhashan nahin, ration do (give no speeches, give us ration). DBT hatao, ration bachao (remove direct benefit transfer, save ration), Raghubar-Saryu hai-hai (down with chief minister Raghubar Roy and food minister Saryu Roy). Holding such banners and posters, around 1,000 residents from 13 panchayats of Nagri on Monday undertook a 15km padyatra (rally on foot) from Kathalmore to Raj Bhavan...
More »Assured return offers by realtors and jewellers to be treated as Ponzi -Sidhartha
-The Times of India NEW DELHI: The proposed law to crack down on Ponzi schemes will bar real estate developers that offer fixed returns till possession as well as schemes from jewellers as the government believes that they are “unregulated deposits”. The clampdown on realtors, jewellers and other deposit-seeking entities is part of the Banning of Unregulated Deposit Schemes Bill, which was cleared by the Cabinet on Wednesday and is expected to...
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