-The Guardian Farms processing insects for animal feed might soon become global reality as demand grows for sustainable feed sources The best way to feed the 9 billion people expected to be alive by 2050 could be to rear billions of common houseflies on a diet of human faeces and abattoir blood and grind them up to use as animal feed, a UN report published on Monday suggests. Doing so would...
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Banks suppressing alerts on suspect dealings: RBI probe-Josy Joseph
-The Times of India NEW DELHI: An investigation by the Reserve Bank of India (RBI) into allegations of money laundering by private banks has found large-scale violations ranging from huge cash deposits without PAN to dummy numbers. The probe report, a copy of which is available with TOI, shows that three private players - HDFC Bank, ICICI Bank and Axis Bank - had also hugely suppressed alerts generated by their system on...
More »Co-operatives not binding under RTI Act-Neha Pandey Deoras
-The Business Standard Bodies established under the Constitution fall under RTI and hence do co-operatives, but more clarity is needed Bangalore: The recent news about co-operatives coming under the Right To Information (RTI) Act saw many excited activist and individuals. Till now, Maharashtra is the only state to have ratified the 97th Constitutional Amendment that came about in March 2012. Orissa is learnt to have notified the amendment while Gujarat has rejected...
More »Returning money to investors a complex issue: Odisha Police
-PTI Balasore, (Odisha): Though the Crime Branch of Odisha Police have launched state-wide raids on chit fund Companies, other non-banking financial institutions and have arrested about 100 people, it was not sure about return of money to investors. "It is a complex issue. No specific commitment can be made on this matter as it involves many legal complications," additional director general of police (Crime Branch), B K Sharma told reporters here. Mr. Sharma...
More »RBI probes Cobrapost report, reveals violations by banks: sources
-CNN-IBN New Delhi: The Reserve Bank of India is probing the Cobrapost sting operation on alleged money laundering by top banks. The RBI report has revealed major irregularities in top banks. The report shows string of violations on several counts. Sources say the RBI report reveals dummy PANs, unknown NRO IDs, unauthorised gold sale, rampant non-compliance of KYC norms and irregular staff trips. Sources say the RBI probe into ICICI Bank reveals cash...
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