-The Business Standard Forms high-level inquiry committee to submit report in two weeks ICICI Bank today said it has constituted a high-level inquiry committee to probe allegations that it is one of the Indian banks that run a nationwide money laundering racket. The committee will submit its report within two weeks. "We are deeply concerned with the media reports. We want to assure our customers and all our other stakeholders that we are...

-Cobra Post A sting operation conducted by online magazine Cobrapost across various branches of private financial institutions has revealed how bank employees are accepting black money from customers to convert them into white money. Cobrapost claims that the nationwide operation shows how private banking and insurance affiliates launder money as part of standard procedures. The sting also shows that money laundering services are openly being offered even to walk in customers who...

-NDTV Jim Yong Kim, who took over as the president of the World Bank in July last year, is on his maiden visit to India. He speaks to NDTV's Vikram Chandra on his first impressions of the country, the development challenges that India is facing and how poverty levels can be brought down. Here are the highlights of what Mr. Kim said:     Significant that I went to Uttar Pradesh in my first...

-The Telegraph A government panel has recommended mandatory registration of all lease agreements and power of attorney documents to ensure revenue augmentation. At present, only lease agreements for a year and more need to be compulsorily registered. Registration of power of attorney documents is optional. If the proposal is accepted, it will mean that some of the ubiquitous 11-month rent agreements will lose their sheen. Some landlords prefer the 11-month tenure as registration...

-The Times of India HYDERABAD: Contrary to popular perception, the age-old bride bazaar continues to flourish on the back of a well-oiled network of brokers in the poverty-stricken parts of the Old City, with Muslim women increasingly falling victims to the trade. Activists say that till date, thousands of young women have been married off to Cash-rich foreign nationals and the lives of many more are at stake. Activists say that the...