-The Times of India Investigative website Cobrapost has released further secret tapes to show alleged money laundering by more banks. In the third part of its tapes, Cobrapost claimed that it has recorded officials of Bank of India, Central Bank of India, Bank of Maharashtra, Allahabad Bank and Bank of Baroda, all major public sector banks, as well as IndusInd Bank, ING Vysya Bank, HDFC Bank , ICICI Bank and Axis Bank,...
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Mamata proposes govt-sponsored deposit-taking scheme-Probal Basak
-The Business Standard The scheme can be named as 'Social Security Scheme' or 'We The People Scheme'; would not offer high returns like chit funds Kolkata: West Bengal Chief Minister Mamata Banerjee today proposed to launch a government-sponsored deposit-taking scheme to provide a secured saving option to the rural people of the state as an alternative. "To provide proper facility in the wake of growing financial insecurity, we are thinking of a social...
More »Panchayats take first steps towards digital empowerment- Anuja
-Live Mint Even as India struggles in efforts to usher in transparency, some panchayats are offering a refreshing contrast Chandana/Jind: Sometime last year, Surendra Singh got a call from a military outpost in Srinagar. The soldier had an urgent inquiry for the 31-year-old sarpanch of Chandana, a village in Haryana's Kaithal district. The man, who hailed from the village, had lost his voter ID card and needed a letter from the...
More »Reliance Industries unit fined Rs. 11 crore for insider trading
-Reuters Mumbai: The Securities and Exchange Board of India (Sebi) has fined a unit of energy conglomerate Reliance Industries Ltd Rs. 11 crore over a 2007 insider trading case. The company, Reliance Petroinvestments Ltd, has 45 days to pay the fine, the Sebi said in its ruling published late on Thursday. The regulator said Reliance Petroinvestments made a profit of Rs. 3.83 crore through several trades between February and March 2007 that were...
More »EC disqualifies 2,045 candidates for not submitting poll expenditure-J Balaji
-The Hindu The Election Commission has disqualified 2,045 candidates who contested by-elections/general elections to the Lok Sabha and Legislative Assemblies of various States and Union Territories for failing to submit their poll expenditure accounts within the stipulated 30 days from the date of announcement of results. These persons, most of them non-serious contestants, will be barred from standing in any election conducted by the EC for three years from the date...
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