-The Times of India BENGALURU: From MISuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances haunt the Indian banking system, indicating a lack of hygiene and risk frameworks. While 86% of all frauds in India for 2016-17 are linked to advances, it was 99% at Punjab National Bank (PNB) which, experts say, points to collusion with insiders. Also, 26 banks...

-Livemint.com Latest data as per the Deen Dayal Upadhyaya Gram Jyoti Yojana and the Saubhagya scheme shows inconsistencies in the number of rural households in the country The opposition has increasingly questioned the government’s record in rural electrification and alleged frequent shifting of goalposts. For example, the deadline for electrifying all villages now stands at May 2018, after MISsing the May 2017 target. While available data shows that the Narendra Modi government...

-Outlook “BMS decided to boycott ILC due to the centre’s anti-labour policies," RSS trade union President said. The Centre has indefinitely postponed the Indian Labour Conference to be inaugurated by Prime Minister Narendra Modi after RSS trade union BMS threatened to boycott it over the Union budget that was “unsympathetic to labour and workers”. At the 47th ILC scheduled to be held on February 26 and 27, trade unions and employers were...

-Livemint.com Universal basic income (UBI) cannot come at the cost of existing welfare schemes and exclusive reliance on Aadhaar-linked cash transfers can prove to be short-sighted, says Carnegie India report New Delhi: A universal basic income (UBI) for Indian citizens cannot come at the cost of withdrawing existing welfare schemes and an exclusive reliance on Aadhaar-linked welfare payments for cash transfers can prove to be short-sighted, says new research. The central design features...

-TheWire.in/ Business Standard The Employees’ Provident Fund Organisation data analysed by researchers showed that in some cases, members have received contributions even before their joining date. New Delhi: A presentation made by State Bank of India chief econoMISt Soumya Kanti Ghosh and Indian Institute of Management-Bangalore professor Pulak Ghosh to the Prime Minister’s Office (PMO) in January captured how subscriber data is shoddily maintained by the Employees’ Provident Fund Organisation (EPFO) –...