-TheWire.in When a government and ruling party that themselves peddle disinformation now say they want to fight fake news, it is time for the media to batten down the hatches and prepare for the worst. In the name of fighting fake news, the Narendra Modi government is laying a minefield for journalists and media houses that threatens what remains of the free press in India. On Monday, the information and broadcasting ministry spelt...
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New metric for jobs growth to include informal economy -Prashant K Nanda
-Livemint.com The govt will count jobs created in establishments deploying less than 10 people, which essentially means that shops run by one owner and one employee too will be counted as employment generation New Delhi: Expanding the scope of job creation in the country, the National Democratic Alliance (NDA) government has now decided to start counting jobs created in the non-farm informal sector. The government has asked labour bureau under the Union labour...
More »Public sector banks lost Rs 2,450 crore to frauds involving Staff: RBI data -Chethan Kumar
-The Times of India BENGALURU: Among other things that emerged in the aftermath of the massive Punjab National Bank (PNB) scam is the active role of employees of the Public Sector Banks (PSBs) in multiple frauds over the years. TOI has accessed Reserve Bank of India data that reveals the number of cases involving Staff across various states and the amount of loss reported. Overall, data from April 2013 to June 2016...
More »PNB lost four times more money than SBI did to 'jewel thieves' -Chethan Kumar
-The Times of India BENGALURU: Highly cash-dependent traders in gems and diamonds have cost banks at least Rs 5,000 crore through 90 defaults, bank-wise and company-wise data on wilful defaulters compiled by the Federation of Bank of India Staff Unions (FBISU) shows. The top loser is PNB, with just nine defaulters but a loss of Rs 1,790 crore — four times the amount SBI lost. SBI reported the most number of wilful defaults...
More »India ranks 81st in global corruption perception index
-PTI The index uses a scale of 0 to 100, where 0 is highly corrupt and 100 is very clean. India's score in the latest ranking, however, remained unchanged at 40. In 2015, the score was 38. India has been ranked 81st in the global corruption perception index for 2017, released by Transparency International, which named the country among the “worst offenders” in terms of graft and press freedom in the Asia...
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