-The Economic Times KOLKATA: Charges for SMS alerts on Banking transactions may not squeeze account holders much but can be a reasonable earning for many Banks, especially in accounts with meagre monthly transactions though income from SMS alert service goes against the advisory from the sector regulator. While Reserve Bank of India told Banks to send SMS alerts for every transaction as means to fight frauds, the regulator also directed Banks to...
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Aadhaar can't plug Bank fraud: Govt
-The Telegraph New Delhi: The Centre on Thursday conceded in the Supreme Court that Aadhaar cannot be a panacea for detecting Bank frauds like the one allegedly committed by diamantaire Nirav Modi, saying the scam would not have occurred if due "diligence" had been exercised by Banks. The admission comes against the backdrop of the Centre's aggressive push for Aadhaar for the receipt of various government benefits and as an antidote to...
More »The Last 7 Days Alone Portray the Status of Dalits in India -Faizan Mustafa
-TheCitizen.in Forget about 66 per cent increase in crimes against Dalits in last ten years or rapes of Dalit women doubled or a crime being committed against Dalits every 15 minutes. Let us just see what happened in the last one week: - A Dalit boy was killed on Friday for buying and riding a horse in Gujrat demonstrating our hatred and prejudices against Dalits. - A Dalit couple from Kasganj,U.P. has been...
More »The politics of loan waivers: Deep despair of Punjab's excluded farmers -Prabhjit Singh
-Hindustan Times Lip service: Amarinder Singh sought votes on the promise of a waiver, but now faces heat as more than half the state’s farmers have been left out of the scheme. Bathinda: The weather-beaten face of Rajpal Singh shows signs of anxiety as he stands in one corner of his eight-acre farmland in Punjab’s Bathinda, surveying the standing wheat crop that is almost ready for harvest. Singh might get a reasonable price...
More »Forget more jobs, employment fell in first 2 years of Modi government -Pragya Srivastava
-The Financial Express An RBI-backed research by KLEMS India shows that the employment in 27 sectors fell by 0.2% and 0.1%, respectively in the years 2014 and 2015. For a long time, there is a contention that India’s impressive growth story has been devoid of a similar expansion in jobs, with the proponents, on the other hand, calling the theory a hoax. In absence of comprehensive jobs data, India’s actual employment story...
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