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Money-laundering by big banks, alleges Cobrapost; banks deny charges -Prasad Sanyal

-NDTV Cobrapost, an online magazine, claims to have caught on camera what is describes as a massive expose, which allegedly proves that some of the largest private sector banks in the country help in money-laundering. The banks involved have denied the accusations.   NDTV cannot verify the authenticity of the video footage, filmed largely on hidden camera,  and shared by  Cobrapost executives at a press conference in Delhi. A press release by ...

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Sloppy loan waiver edges out deserving farmers: CAG-Gargi Parsai

-The Hindu Evidence of tampering with, overwriting & alteration of records The Comptroller and Auditor General (CAG), in a report tabled in Parliament on Tuesday, pointed out that several ineligible farmers were favoured and a large number of deserving small and marginal farmers left out in implementation of the United Progressive Alliance’s much-touted Rs. 52,000-crore farm loan waiver scheme. The scheme, meant to help indebted farmers in districts where suicides occur, was so...

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Eligible farmers left out of loan waiver plan: CAG

-The Hindustan Times The CAG has found several shortcomings in the implementation of the first UPA government’s Rs. 52,500-crore farm loan waiver scheme — while thousands of ineligible farmers got the benefit, many eligible applicants were left out. The CAG report, tabled in Parliament on Tuesday, disclosed that it had audited 80,299 beneficiaries across 25 states, which was less than 1% of the total 34.5 million recipients. The scheme had two components —...

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CAG finds lapses in Rs 52,000 cr farm debt waiver scheme

-PTI The BJP alleged there was a "big scam" worth Rs 10,000 crore in the implementation of the scheme and demanded strict action against those responsible Expressing serious concern over the implementation of the Rs 52,000-crore farm debt waiver scheme, government auditor Comptroller and Auditor General (CAG) on Tuesday said in several cases ineligible farmers were given benefit while deserving ones were left out. The CAG has also found instances of tampering of...

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For liberals and leftists, NaMo is still 'No Go' area -Chidanand Rajghatta

-The Times of India WASHINGTON: For liberal, leftist torchbearers, NaMo is still No Go — even virtual contact is anathema. The man at the center of the agitation resulting in Wharton Business School cancelling the keynote address by Gujarat chief minister Narendra Modi (NaMo for headline writers and tweeple) has a long record of liberal activism, and believes the decision by the alumni enhances the prestige of both the students and the...

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