-The Times of India NEW DELHI: At a time when the government is mulling changes in the RTI Act, information commissioner Divya Prakash Sinha has suggested that investigative, intelligence and security agencies like NIA, CBI, IB and paramilitary forces should come under the purview of the law, saying there are adequate safeguards in the Act to keep sensitive information outside the public domain. The former IPS officer, who spent most of his...
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Rajan backs Urjit on differences with Centre, says RBI board role worrisome, shouldn't intervene in ops
-The Times of India MUMBAI: Embattled RBI governor Urjit Patel’s predecessor Raghuram Rajan has come out in support of professionals leading the central Bank, stating the regulator’s board should only ensure governance, not intervene in operational decisions. “The RBI’s board is not an operational board. It is not led by professional supervisors or central Bankers. These are all people from different walks of life whose main role is to play the wise...
More »Explained: How 100 frauds hit Banks -Rahul Tripathi
-The Indian Express CVC report analyses 100 major frauds on public sector Banks, committed by borrowers from 13 sectors. Among them, an aviation firm that got loans based on its brand name in spite of a poor credit rating; and jewellers who allegedly inflated value of diamonds and submitted fake details on debtors. New Delhi: The Central Vigilance Commission (CVC) recently came out with a report that analyses the top 100 Bank...
More »GDP and jobs not good at tango -Basant Kumar Mohanty
-The Telegraph Higher GDP growth rate has often been accompanied by slowing job growth, an Azim Premji University report says New Delhi: Job creation has not only failed to keep pace with the country’s GDP growth over the decades, a higher GDP growth rate has often been accompanied by a slowing job growth, a recent report says. The State of Working India 2018, a report by the Azim Premji University, would come as...
More »Demonetisation: A circus, clowns and a silver bullet -James Wilson
-National Herald Two years after the disastrous demonetisation, the Prime Minister and his Finance Minister—even the fawning media— no longer speak of the ‘Demonetisation Dividend’. There has been none Two years back, on November 8, at around 8.30 pm, the Prime Minister of India, with his characteristic love for drama, unleashed on the country what he had then claimed was the one silver bullet which would eliminate the triple evils of...
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