-PTI ‘Impact in 2017-18 at ?36,694 cr. more than twice seen in previous 2 years, each’ Indian banks reported a total loss of about ?70,000 crore due to frauds during the last three fiscals up to March 2018, the Rajya Sabha was informed on Tuesday. The extent of loss in fraud cases reported by scheduled commercial banks (SCBs) for 2015-16, 2016-17 and 2017-18 was ?16,409 crore, ?16,652 crore and ?36,694 crore, respectively, Minister...
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Attempts Being Made to Dilute Anti-Corruption Laws, AP Shah Writes to Modi -Gaurav Vivek Bhatnagar
-TheWire.in The letter by the former Delhi chief justice highlights the dangers of decriminalising the Companies Act, introducing electoral bonds, weakening the RTI Act and not implementing of the Lokpal Act and Whistleblowers Protection Act. New Delhi: In a letter sent to Prime Minister Narendra Modi, former chief justice of Delhi high court and noted rights activist A.P. Shah has lamented that “instead of increasing transparency and accountability and making the deterrents...
More »Muzzling information -Anjali Bhardwaj & Amrita Johri
-The Hindu The RTI Act Amendment Bill must be junked The Right to Information (RTI) Act, 2005, has empowered millions of Indians to question governments and hold public functionaries accountable. Of the nearly six million RTI applications filed every year in the country, a large proportion are by the poorest and the most marginalised who seek information about their basic rights and entitlements, like rations, pensions and health facilities. The use of...
More »Are loan waivers the only way to help farmers? -Sanjay Kaul
-The Hindu Business Line The trend of farm loan waivers has gripped the country and Karnataka is the latest to jump on to the bandwagon. The fiscal strain of farm loan waivers on the States is worrisome. As per RBI, the gross fiscal deficit (GFD) of States rose to 3.1 per cent of GDP in 2017-18, breaching the threshold of 3 per cent GFD/GSDP ratio recommended by the Finance Commission. This threshold has...
More »Dark clouds over the RTI -Aruna Roy & Nikhil Dey
-The Hindu Any move to amend the RTI Act must involve public consultation The Bharatiya Janata Party (BJP)government has struck another blow against transparency and accountability. Its already negative track record — that has been marked by an unwillingness to operationalise the Lok Pal, the Whistleblowers Act and the Grievance Redress law — has taken another step backwards if one is to go by a single line in item 14 in the...
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