-Business Standard It's hurting the people, violating their fundamental rights, including the right to privacy and the right to life, and it's absurd Happy new year! The new year is traditionally our chance to reflect soberly on what a big pile of doo-doo the previous year was. It’s a chance to admit that we stepped in poo, and there’s nothing to do but to hose off our shoes, and resolve to step...
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30 lakh fake 'beti bachao' forms flood women and child development ministry -Ambika Pandit
-The Times of India NEW DELHI: The ministry of women and child development is grappling with a Fraud being perpetuated on the poor on a very large scale: people are selling them fake "application forms" for the Centre's flagship "Beti Bachao, Beti Padhao" scheme — the ministry has received nearly 30 lakh fake forms this year — on the promise that just filling the forms will make them eligible for a...
More »Sophisticated Aadhaar-related bank Fraud has left police in Delhi and Noida baffled -Abhishek Dey
-Scroll.in The con involves the Fraudulent withdrawal of money from bank accounts of victims with the help of a SIM card, Aadhaar and the United Payments Interface. The police in Delhi and the neighbouring township of Noida are investigating several complaints of Fraud in which money was suspected to be siphoned out of bank accounts of victims with the help of a Unified Payment Interface-supported application linked to Aadhaar, the 12-digit biometrically...
More »Digital payments push may blow Rs3,800 crore annual hole in banks: report
-PTI After demonetisation last November, the Narendra Modi government has pushed banks into deploying millions of points-of-sale (PoS) machines to encourage online payments Mumbai: The government’s digital payments push, mainly online card payments through point-of-sale (PoS) machines, may leave already capital starved banks bleed by a whopping Rs3,800 crore annually, warns a report. After demonetisation last November, the Narendra Modi government has pushed banks into deploying millions of points-of-sale (PoS) machines to encourage...
More »Panel makes Ponzi firms pay -Lalmohan Patnaik and Subrat Das
-The Telegraph Cuttack: What the state government failed to do, the Justice Madan Mohan Das Commission did. The commission, which is identifying small investors duped by dubious financial companies, has on its own ensured return of the invested amount usurped by sham companies to more than 1,200 persons even as the government continues to drag its feet on the issue. Some of the investors got their money on Tuesday. Though the number of...
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