-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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Don't publish pictures of victims of sexual abuse in any form: SC to print, electronic, social media
-PTI The Supreme Court, which expressed concern on Tuesday over incidents of rape in the country by observing that women are being raped “left, right and centre”, has asked all the print, electronic and social media not to publish or display photos of victims of sexual abuse — even in blurred or morphed form. The apex court also warned against interviewing minor victims of sexual abuse saying it has a serious...
More »More than 4 lakhs posts in the Central govt. lying vacant, shows latest available data
Since jobs have shrunk due to the deployment of information technology in sectors such as banking, quotas won't guarantee employment, said Union Minister Shri Nitin Gadkari recently, according to a PTI news dated 5th August, 2018. But the truth is somewhat different from what Mr. Gadkari told journalists about falling jobs against the backdrop of demand for reservation by the Marathas. Let us see why this is so. The total number...
More »Farmers grapple with rising costs, falling incomes
-howindialives.com/ Livemint.com The recent protests by the Marathas might have roots in the declining returns from farming across Maharashtra between 2006-07 and 2014-15 Falling farm incomes in rural Maharashtra might be an important factor fuelling the current spate of protests by the Marathas, who are demanding reservation in educational institutions and government jobs. The net returns from farming, or wholesale prices minus costs of production, declined for most of the major crops...
More »Banks Raked in Rs 5,000 Crore from Fining Customers for Breaching Minimum Balance
-PTI India's largest lender State Bank of India, which suffered a staggering net loss of Rs 6,547 crore during 2017-18, led the pack in penalising its customers for not maintaining minimum account balance. New Delhi: As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data. India's largest lender...
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