-The Indian Express The Finance Ministry directed smaller PSBs to cut their corporate loan exposure to 25 per cent of their risk-weighted assets over the medium term and focus more on retail lending. Corporate loans corner the lion’s share of rising bad loans in public sector banks while retail loans have a far superior track record when it comes to timely repayment, according to the latest available Reserve Bank of India...
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Cobrapost says paid news widespread
-The Hindu In its first part of the expose, Cobrapost carried out a sting operation against the representatives of seven TV news channels, six newspapers, three web portals and an agency. Investigative platform Cobrapost on Monday said it had exposed several Indian media houses whose representatives allegedly showed willingness to peddle the Hindutva ideology and malign many senior Opposition leaders and Union Ministers in lieu of proceeds ranging from ?6 crore to...
More »Banks told to be vigilant on Aadhaar -Manojit Saha
-The Hindu Use OTPs only in the presence of customers: UIDAI The Unique Identification Authority of India (UIDAI) has asked banks to provide Aadhaar-based onetime password (OTP) for opening of bank accounts only in the presence of the customer, in a banking outlet. In a letter addressed to commercial banks, UIDAI Chief Executive Officer Ajay Bhushan Pandey cited instances of misuse of Aadhaar while opening accounts. The direction is a huge blow to the...
More »Can't charge over Rs 50 for giving info under RTI: SC -Amit Anand Choudhary
-The Times of India NEW DELHI: The Supreme Court on Tuesday fixed a ceiling of Rs 50 for public bodies, including legislative assemblies and high courts, for providing information under the Right to Information Act. A bench of Justices A K Goel and U U Lalit also ruled that the government bodies could not charge more than Rs 5 per page for giving photocopies of documents sought under the Act. It...
More »Treat labour in construction work as formal sector, says Supreme Court -Amit Anand Choudhary
-The Times of India NEW DELHI: In a bid to ensure relief to more than four crore construction workers, the Supreme Court on Monday asked the Centre to treat them as formal sector employees by bringing them within the ambit of social welfare laws and provide benefits like paid maternity leave, provident fund and minimum wage. The court directed the Centre to frame a scheme to ensure workers receive proper education,...
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