-The Times of India BENGALURU: Highly cash-dependent traders in gems and diamonds have cost banks at least Rs 5,000 crore through 90 defaults, bank-wise and company-wise data on wilful defaulters compiled by the Federation of Bank of India Staff Unions (FBISU) shows. The top loser is PNB, with just nine defaulters but a loss of Rs 1,790 crore — four times the amount SBI lost. SBI reported the most number of wilful defaults...
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Online crowdfunding is changing classrooms of ignored govt schools -Ishita Bhatia
-The Times of India MEERUT: Every time Priyanka Singh, a teacher at Upper Primary School, Barabanki, had to explain to her students complex scientific concepts that required colour coding to differentiate between ideas, she would wish for a whiteboard instead of the existing blackboard. She had tried getting donations for her school from locals but in vain. Then someone told her about an online fundraising platform for educators in India. She started...
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...
More »Odisha tribal organisations protest against draft CAF Rules -Ishan Kukreti
-Down to Earth The protests are in opposition to the vague position of the Rules on forest-dwelling communities in the compensatory afforestation process The draft Compensatory Afforestation Fund Rules, 2018, notified by the Union Ministry of Environment, Forest and Climate Change (MoEF&CC) on February 16, have sparked protests by tribal organisations in Odisha. The protests are due to the fact that the Rules are vague on the role of communities in...
More »'Two rotis and no one sleeps hungry': Hyderabad man's campaign completes a year -Nitin B
-TheNewsMinute.com 38-year-old Azhar Maqsusi is famous across the city and the country for relentlessly feeding hundreds of people every day. What do you do when you see children begging at a traffic junction in a crowded city? What would happen if you give them ‘two rotis’ instead of Money? This is exactly what 38-year-old Azhar Maqsusi from Hyderabad has been advocating for the past one year, with his ‘do roti’ (two rotis) campaign....
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