-Live Mint Attempt to broad-base direct benefits transfer plan may help shore up the Congress’s standing among rural population The Congress-led United Progressive Alliance (UPA) government plans to include its flagship rural job guarantee programme in the second phase of its ambitious direct benefits transfer (DBT) plan, under which beneficiaries of social welfare programmes will receive money directly in their Aadhaar-linked bank accounts. The attempt to broad-base the cash transfer plan before several...

-The Times of India The Reserve Bank of India having opened the window for new bank licences, the Postal department is finalizing the blueprint to set up a bank of its own at your neighbourhood Post office, a move that will challenge the dominance of large public sector lenders in smaller towns and rural India. While the department already has a balance sheet of Rs 6.18 lakh crore, which includes deposits of...

-The Times of India MUMBAI: Barely one out of 10 police personnel in the state is a woman against the mandated minimum of three. The appalling ratio appears grave at a time when crimes against women have seen a jump. State home department norms require that at least 30% Posts in the police force be filled by women, barring the top positions peopled by the Indian Police Service cadre. But women make...

-The Times of India Every month, the Delhi government spends Rs 20 crore of taxpayers' money to provide security to 436 persons, who do not hold any constitutional Post and 29 of whom face criminal case, the Supreme Court was informed on Wednesday. The annual tab comes to Rs 240 crore. As against this, the government spends just a little over Rs 3 crore a month to protect the President and Rashtrapati...

-Cobra Post A sting operation conducted by online magazine CobraPost across various branches of private financial institutions has revealed how bank employees are accepting black money from customers to convert them into white money. CobraPost claims that the nationwide operation shows how private banking and insurance affiliates launder money as part of standard procedures. The sting also shows that money laundering services are openly being offered even to walk in customers who...