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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...

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The latest buzz: eating insects can help tackle food insecurity, says FAO

-The United Nations     While insects can be slimy, cringe-inducing creatures, often squashed on sight by humans, a new book released today by the Food and Agricultural Organization (FAO) says beetles, wasps and caterpillars are also an unexplored nutrition source that can help address global food insecurity. The book, Edible Insects: future prospects for food and feed security, stresses not just the nutritional value of insects, but also the benefits that insect farming...

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CAG, food security and good sense -Tejinder Narang

-The Hindu Business Line A new CAG report offers valuable insights into the likely implications of implementing the proposed food security law. The National Food Security Bill (NFSB) couldn't be passed in the Parliament session that ended last week, despite a spirited promotional pitch by its proponents - including Nobel Laureate Amartya Sen. Last week also saw the Comptroller and Auditor General of India (CAG) table its report on "Performance Audit of...

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NABARD shifts blame for corporate warehousing scheme to FinMin, RBI-Shalini Singh

-The Hindu In the eye of the storm for funding corporate warehousing projects on terms far softer than those offered to poor farmers, the National Bank for Agriculture and Rural Development (NABARD) is now blaming the Ministry of Finance (MoF) and the Reserve Bank of India (RBI) for the transgressions. Following a story in The Hindu, (‘As farmers suffer, NABARD offers soft loans to corporates, ' December 10, 2012), NABARD came under...

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In recent times, every scam’s trail has led to dubious deals in real estate -Ravi Teja Sharma & Viney Sharma

-The Economic Times NEW DELHI and CHANDIGARH: It is not without reason that the quintessential real estate firm has become the epicentre in all scams in India in recent times. From Satyam to 2G, Vadra to Saradha and now Railgate - every scam's trail leads to fraudulent investments and dubious deals in the real estate sector. Not only does the barely regulated sector allows rampant transactions in black money allowing scamsters...

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