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RBI didn't do audit: Central Vigilance Commissioner KV Chowdary on PNB fraud

-PTI NEW DELHI: Central Vigilance Commissioner K V Chowdary on Tuesday said the Reserve Bank of India had apparently not conducted an audit during the period of time when a Rs 13,000-crore scam hit the Punjab National Bank. Chowdary stressed the need to put into place a more robust auditing system. "They did not do this (an audit)," the head of the probity watchdog said. The CVC exercises superintendence over the CBI which...

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Farmers' Anger on Boil in Gujarat -Mahibul Hoque

-Hindkisan.com Farmers allege that the company had not taken possession of the land they sold two decades ago and demanded the company to initiate new acquisition proceedings as per provision of Land Acquisition Act, 2013. The Act prescribes that an agency or entity has to initiate fresh proceedings to acquire a plot if the agency did not take the possession of the land for more than five years. Tear gas shells fired,...

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Corporates make 73% of public sector bank bad loans -Sunny Verma

-The Indian Express The Finance Ministry directed smaller PSBs to cut their corporate loan exposure to 25 per cent of their risk-weighted assets over the medium term and focus more on retail lending. Corporate loans corner the lion’s share of rising bad loans in public sector banks while retail loans have a far superior track record when it comes to timely repayment, according to the latest available Reserve Bank of India...

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Govt hints at SC/ST ruling review plea

-The Telegraph New Delhi: The Centre has said it is examining the "desirability of filing a review petition" against last week's Supreme Court order diluting the SC-ST Act, ending days of dithering amid mounting pressure from allies and Dalit BJP parliamentarians. "I have instructed my ministry to examine the desirability of filing a review in this case. Appropriate actions are being taken," Union law minister Ravi Shankar Prasad said at a news...

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Hype over Pad Man but India's Menstrual Woes Continue -R Sujatha and R Gopinath

-The Hindu Centre for Politics and Public Policy Menstrual hygiene, an essential building block of a woman’s health, suffers wanton neglect in India’s public discourse. Though public policies are in place, the progress made by India’s government, private, and civil society sectors is not in sync with the nation’s aspiration to be a global economic superpower. R. Sujatha, consultant on gender issues, and R. Gopinath, development economist, critique the steps taken,...

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