-The New Indian Express 612 cases registered against illegal immigrants; foreigners to be looked after well till they are deported BENGALURU: The state government on Thursday informed the Karnataka High Court that it has identified a total of 35 detention centres in all districts to house illegal immigrants after their release on bail, or completion of sentence. State Public Prosecutor (SPP)-II made a submission to that effect before Justice KN Phaneendra, during the...
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Reality check: Before PM Modi's distancing from pan-India NRC, there was Amit Shah's underlining -Liz Mathew
-The Indian Express In the run-up to the Lok Sabha elections, Shah had raised the pitch in West Bengal, where the BJP sought to use the “illegal immigrant” issue as a major poll plank to consolidate the Hindu votes against the Mamata Banerjee-led TMC government in the state. While Prime Minister Narendra Modi said on Sunday that there has been no discussion on a National Register of Citizens (NRC) since the time...
More »Debit cards in circulation fall 15% to 2-year low in October
-BusinessToday.in Almost 155 million debit cards reportedly went out of the market due to the migration from magnetic strip debit cards to EMV-based debit cards The number of debit cards in circulation fell 15 per cent on annual basis to 843 million in October as Banks moved to migrate to EMV-chip-based cards. The downturn came as the debit cards in India seemed poised to touch the 1-billion mark a year ago, with...
More »Insolvent individuals may face Ban on holding, running for public office -Aashish Aryan
-The Indian Express The Central government had on December 1 notified amendments to the Insolvency and Bankruptcy Code (IBC), 2016, in which it had brought a corporate debtor’s personal guarantor under the purview of the Code. The Insolvency and Bankruptcy Board of India (IBBI), as well as the Ministry of Corporate Affairs (MCA), is in favour of disallowing individuals who have been declared insolvent, from holding any public office or being the...
More »NPA divergence of Rs 29,000 cr in 12 Banks: Why there is more to accounting jugglery than meets the eye -Dinesh Unnikrishnan
-Firstpost.com * The stark divergence in Banks’ estimates vs that of the RBI has raised many eyebrows in the investor community prompting them to avoid such companies till clarity emerges * Recently, Bank of Baroda reported a divergence of Rs 5,250 crore in gross NPAs for the year ended March 2019 * Ever since divergences came to public, Banks have begun to make higher provisions to cover up the mess An element of trust...
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