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Fortification plan for food

-The Telegraph New Delhi: The Centre has proposed making food fortification mandatory for all staples like rice, wheat flour, edible oil and milk to fight malnutrition but some experts have urged a cautious approach, warning of hidden costs and unproven health benefits. The Telegraph had reported in January 2016 that Prime Minister Narendra Modi had pushed the idea of universal fortification - addition of key vitamin and minerals to foods to improve...

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Demonetisation effect: Govt, RBI to bring tougher norms for co-op banks -Mahua Venkatesh

-Hindustan Times The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive. According to a recent report by the income tax department, most banks have indulged in money laundering after the Narendra Modi government announced ban on high-value bank notes of Rs 500 and Rs 1,000 from...

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Set up body to look into complaints against channels: Supreme Court -Dhananjay Mahapatra

-The Times of India NEW DELHI: Given the rapid proliferation of TV channels, the Supreme Court suggested on Thursday that the Union government set up a statutory mechanism to decide people's grievances against programmes broadcast on the visual medium. A bench of Chief Justice J S Khehar and Justice D Y Chandrachud said, "We are of the view that the competent authority, having framed the rules under the Cable TV Network (Regulation)...

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Allow FM stations to air news, says PIL; Supreme Court seeks govt reply in 4 weeks -Dhananjay Mahapatra

-The Times of India NEW DELHI: The Supreme Court told the Centre on Thursday that it must file its response in four weeks to a PIL by NGO 'Common Cause' seeking permission for private FM radio stations and community radio services to broadcast news. Appearing for the petitioner, advocate Prashant Bhushan told a bench of Justice T S Thakur and Justice D Y Chandrachud that the government on one hand permitted private...

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Lens on co-operative banks as I-T sleuths find laundering role -Pradeep Thakur & Prabhakar Sinha

-The Times of India NEW DELHI: Investigations by the income tax department have found that a large number of cooperative banks have been manipulating and laundering unaccounted money post demonetisation of high denomination currency notes of Rs 1000 and Rs 500 on November 8. As the department's findings suggest a general absence of requisite regulatory oversight over cooperative banks across the country, the government feels the need for a strong regulatory framework. An...

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