-The Times of India The Prime Minister's Office (PMO) faced its sharpest indictment in the Supreme Court on Wednesday, with a senior official's visit to the CBI office to scan and suggest changes to an investigation report on Coalgate attracting the court's severe ire. The court's scathing comments on Shatrughna Singh, a joint secretary in the PMO, and Ashok Bhalla, a joint secretary in the coal ministry, seeking changes in a draft...
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Banks under fire for Saradha mess -Srikumar Bondyopadhyay
-The Times of India KOLKATA: It's not only Cobrapost that seems to be stinging public sector banks. State-owned banks have come under fire and are accused of being hand-in-glove with willful defaulters like Ponzi kingpin Sudipta Sen. In a 25-page statement that the CBI deems a confession, Sen has detailed how he acquired Global Automobiles, a company with a bank debt of Rs 186 crore. Formed in 2005, the company's owner Shantanu...
More »CBI has become a caged parrot: Supreme Court on coal Scam -Prasad Sanyal
-NDTV The Supreme Court is examining the CBI's nine-page affidavit that details the changes that the agency alleges were made by Law Minister Ashwani Kumar and others to its report on the coal investigation. The affidavit, submitted in the court on Monday, says Mr Kumar deleted a finding on non-preparation of broadsheets or charts by the screening committee and a sentence about scope of inquiry on legality of...
More »Food Bill moved despite ruckus in Lok Sabha-Vinay Kumar
-The Hindu Bill represents a shift from welfare-based approach to a rights-based one:Food Minister Amid the Opposition uproar in the Lok Sabha over allegations of corruption in the UPA government, the National Food Security Bill was taken up for consideration on Monday. When, after frequent disruptions, the House reassembled at 3 p.m., Girija Vyas, who was in the Chair, announced that the House would take up for further consideration the motion moved by...
More »It is only KYC norm violation, says RBI
-The Hindu Mumbai: Reserve Bank of India (RBI) Deputy Governor K.C. Chakrabarty, on Monday, refuted money laundering charges levelled against various banks, and said that all exposures by Cobrapost.com were connected to know-your-customer (KYC) norms. "We are seeing how the banks are following up on the KYC norms. There are certain differences in the manner of reporting of KYC norms in each bank...Need to strengthen KYC guidelines," he said. In March this year,...
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