Since jobs have shrunk due to the deployment of information technology in sectors such as banking, quotas won't guarantee employment, said Union Minister Shri Nitin Gadkari recently, according to a PTI news dated 5th August, 2018. But the truth is somewhat different from what Mr. Gadkari told journalists about falling jobs against the backdrop of demand for reservation by the Marathas. Let us see why this is so. The total number...
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Banks Raked in Rs 5,000 Crore from Fining Customers for Breaching Minimum Balance
-PTI India's largest lender State Bank of India, which suffered a staggering net loss of Rs 6,547 crore during 2017-18, led the pack in penalising its customers for not maintaining minimum account balance. New Delhi: As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data. India's largest lender...
More »The path to reforms: Ensure enforcement, bring clarity - Devesh Kapur, E Sridharan and Milan Vaishnav
-Hindustan Times Election Commission of India (ECI) is outgunned when it comes to confronting those who circumvent existing campaign finance rules and lacks power to sanction candidates. It is a truism to note that political finance sits at the heart of corruption in modern India. While politicians publicly lament the status quo, they privately profit from the current system. Therefore, the fact that the Narendra Modi government has made reforming political finance...
More »Leaders from Oppn, BJP pointed out 'corruption' in tur procurement; Maharashtra yet to take firm action -Partha Sarathi Biswas
-The Indian Express The procurement process also faced several allegations of corruption and favouritism. However, even months after the concerns were raised, the government is yet to take any action on them, reveals the RTI. Pune: Across party lines, political leaders had raised questions about the process to procure over 3 lakh tonnes of tur by the National Agricultural Cooperative Marketing Federation of India Ltd, or NAFED, last year, revealed response to...
More »Crop insurance shocker: Maharashtra farmers receive meagre Rs 1 to Rs 5 as compensation
-PTI While 773 farmers got Rs one each as compensation, 669 farmers received Rs two each from the insurance company. MUMBAI: Over 2,000 farmers in a tehsil in Maharashtra have received crop insurance compensation ranging from Rs one to Rs five each, an official said. While 773 farmers got Rs one each as compensation, 669 farmers received Rs two each from the insurance company. Rs three each were deposited into the Bank Accounts...
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