-TheWire.in Environmentalist and water management expert Ravi Chopra says river inter-linking will sow the seeds for future conflicts between states. There is nothing new about the proposed river-interlinking project being pushed by the government, and this ‘unnecessary excess’ of a project will create more problems than it promises to solve, says environmentalist and water management expert, Dr Ravi Chopra, the director of People’s Science Institute, Dehradun and a managing trustee of the...
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Economists Hit Out Against Move to Privatise Public Sector Banks
-TheCitizen.in Banking needs reforms not privatisation NEW DELHI: The scale of the recent bank scams and the potential losses faced by banks holding non-performing loans given to some large companies and individuals, has shocked all of us. However, we are concerned to note that this has become an excuse to demand the privatisation of publicly held banks. While it is true that the current scam involves Punjab National Bank, the second largest public sector...
More »We mean business, mostly -Pradeep Narayanan & Dheeraj
-The Hindu Business Line Lack of financial transparency and social inclusion is at the root of India’s lopsided growth story, finds the India Responsible Business Index ‘Sab kuchh dikhta hai (everything is visible)’, the tag line of the now controversial Rotomac pens seems to assume a sinister meaning in light of the recent financial fraud involving owners Vikram and Rahul Kothari. The recently unearthed Nirav Modi scam, with no LoU [Letter of Understanding]...
More »Public sector banks lost Rs 2,450 crore to frauds involving staff: RBI data -Chethan Kumar
-The Times of India BENGALURU: Among other things that emerged in the aftermath of the massive Punjab National Bank (PNB) scam is the active role of employees of the Public Sector Banks (PSBs) in multiple frauds over the years. TOI has accessed Reserve Bank of India data that reveals the number of cases involving staff across various states and the amount of loss reported. Overall, data from April 2013 to June 2016...
More »Cong shuns Lokpal meet
-The Telegraph New Delhi: The leader of the Congress in the Lok Sabha, Mallikarjun Kharge, refused to attend a selection committee meeting on the Lokpal on Thursday, accusing the government of reducing a "scared procedure" to a "political pretence". In a letter to Prime Minister Narendra Modi, Kharge pointed out that he was invited to the meeting as a mere "special invitee" who would have no say in the selection. "The conduct of...
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