-NDTV/ PTI In response to a RTI query, the RBI released the names of top 50 with the highest amount of loans written off New Delhi: Business tycoons Mehul Choksi, the Jhunjhunwala brothers, and Vijay Mallya are among the prominent individuals linked to companies named by the Reserve Bank of India (RBI) in a list of the top 50 wilful defaulters accused of scamming the country's banks. In a Right to Information or...
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Fresh FIR filed in irrigation scam; five officials booked
-PTI/ The Telegraph They were booked under the Prevention of Corruption Act Nagpur: One more FIR, naming five Maharashtra government officials, was registered on Wednesday by the Nagpur unit of the Anti-Corruption Bureau (ACB) in the multi-crore irrigation scam. Five officials of Vidarbha Irrigation Development Corporation (VIDC), some of them now retired, were booked under the Prevention of Corruption Act at the Sadar police station here, an ACB statement said on late Wednesday...
More »'Digital divide' persists despite the country's desire to become a digital giant
A recent report of the Ministry of Statistics and Programme Implementation (MoSPI) brings forth the dichotomy between digital divide and India’s transition towards a cashless economy. The rural-urban divide in access to computer and internet is quite stark, according to the report entitled 'Key Indicators of Household Social Consumption on Education in India, July 2017 to June 2018'. The 75th round National Sample Survey (NSS) report on education finds that...
More »UPPCL EPF investment scam: Addresses of 5 out of 14 brokerage firms found fake -Rohit K Singh
-Hindustan Times In a startling revelation, the addresses of five out of 14 investment brokerage firms – hired by UP Power Corporation Limited (UPPCL) authorities for investment of employees’ provident fund – were found to be fake, said senior officials UP police’s Economic Offences Wing (EOW). These 14 firms were hired by UPPCL authorities since March 2017 for investment of employees’ PF in Mumbai-based Dewan Housing Finance Corporation Limited (DHFL), said an...
More »Why India's mega bank mergers move may not yield the desired results -Mythili Bhusnurmath
-The Economic Times Government’s forced mega merger of public sector banks could scupper economic recovery. I am not saying we maintain a Panglossian countenance, that we smile away every difficulty. But, in any real economy, the mood is very important,’ observed Reserve Bank of India governor Shaktikanta Das, speaking at an event in Mumbai late August. Sound advice. Sentiment matters. Irrational despondency can be as damaging for the economy as ‘irrational exuberance’. But...
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