-Live Mint A SWOT analysis of 24 companies that are drawing up plans for their entry into banking Mumbai: The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two...
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Stuck record: Why Amartya Sen is wrong on food security again -R Jagannathan
-Firstpost.com It is becoming increasingly difficult to retain respect for Nobel laureate Amartya Sen. He seems to surface in the media every time the UPA government is about to legislate its pet follies, providing intellectual succour to mindless spending and corruption wrapped up in the package of anti-poverty schemes. Yesterday, Sen bobbed up just when the UPA - under siege for every known scam in India - tried to start discussions on...
More »Action Against Banks if Guilty: RBI on Cobrapost Sting
-Outlook Reserve Bank of India (RBI) today said it has completed investigations against banks following the Cobrapost expose and will take action if they are found guilty of violating prudential banking norms. "We have done investigations, we have prepared an internal report. There are processes to be followed to take investigations to its logical closure... "The first is action against individual institutions who are involved in practises which are not consistent with the...
More »Operation Red Spider Part 2
-Cobrapost.com Part 1 of Operation Red Spider was just the tip of the iceberg! Cobrapost's Continuing Shocking Expose: Twenty-Three Major Indian Banks, Both Public and Private, and Insurance Companies, are Running a Nation-Wide Money Laundering Racket, Blatantly Violating the Laws of the Land. And the culprits being exposed this time are: Life Insurance Corporation, State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, Indian Bank, IDBI Bank, YES Bank, Federal Bank,...
More »Money-or-poison plea to Mamata
-The Telegraph West Bengal: An agent of the Saradha Group fell ill in Siliguri today after a three-hour demonstration while investors hit the streets with placards asking the chief minister to give them back their money or provide them with poison. Dinabandhu Pal, who had collected Rs 16 lakh for the Saradha Group, was admitted to Siliguri subdivisional hospital after he complained of palpitation in front of Siliguri police station. His wife...
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