-PTI Lok Sabha members on Friday raised serious concern over the prevailing high inflation and sought government’s intervention to check price rise along with streamlining the Public Distribution System (PDS). Moving a private member’s resolution on steps to control the rise in prices of essential commodities, Mahendra Kumar Roy (CPI-M) said people are suffering because of high inflation and demanded Ban on futures trading in commodities. Mr. Roy also raised the issue of...
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Muslim states agree to 'historic' UN statement on women
-AFP UNITED NATIONS: Muslim and western nations on Friday overcame deep divisions to agree a historic United Nations declaration setting out a code of conduct for combating violence against women. Iran, Libya, Sudan and other Muslim nations agreed to language stating that violence against women and girls could not be justified by "any custom, tradition or religious consideration." Western nations, particularly from Scandinavia, toned down demands for references to gay rights and sexual...
More »Sting operation reveals money laundering by top Banks
-The Times of India An undercover sting investigation across India has shown up startling videos of Bank executives of three leading private Banks - HDFC, ICICI and Axis - providing ready assistance to a reporter, posing as a minister's aide, for laundering black money into white through the Banking system in clear contravention of Banking norms and laws. Shaken by the disclosure, the three Banks asserted that they were committed to transparent...
More »14 bonded labourers rescued from Bangalore brick unit
-The Hindu Most of them were conned into coming to Bangalore Bangalore: Officials of the Revenue Department and the Tahsildar’s Office (Bangalore South) raided a private brick factory in Channenahalli near Tavarekere on Bangalore’s outskirts and rescued 14 bonded labourers on Thursday. Amongst the rescued were five women and six children, who were freed from the CGR factory owned by two brothers — C.R. Lokesh and C.R. Mahesh — a rescue team member...
More »Give More Info on Money Laundering: Fin Min to Banks
-Outlook Taking note of a sting operation that alleged money laundering by three leading private sector lenders, the Finance Ministry today said that it has asked Banks for more details on the issue. "RBI has contacted the Banks invloved...We have asked Banks for more details on the expose," Banking Secretary Rajiv Takru said here. Meanwhile, RBI Deputy Governor Urjit Patel in Mumbai said the central Bank is in touch with the concerned Banks...
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