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South tops in bank access; Maharashtra, Gujarat below national average

-The Times of India NEW DELHI: Southern states have emerged on top on financial inclusion parameters, while the East and some of the developed states of the West - including Gujarat and Maharashtra - are below the national average. A new index on financial inclusion released by ratings and analytics firm Crisil on Tuesday showed that Puducherry topped the list, followed by Chandigarh and Kerala. In fact, most of the top slots...

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India has addressed shortfalls in fight against black money: FATF

-PTI     FATF is an inter-governmental body that sets standards and promotes policies to combat money laundering and terrorist financing for countries across the world. In a major boost to measures being taken by India against money laundering and terror financing activities, the Financial Action Task Force (FATF) today said the country has substantially addressed the deficiencies in its regulatory framework and has become largely compliant with global standards in this regard. FATF is...

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80% of working women have no investment say: Report -Partha Sinha

-The Times of India MUMBAI: Less than one in five single working women, excluding those divorced and widowed, take their own investment decisions, a recent all-India survey has found. Despite handling responsibilities at their workplace, they depend on parents and family members, friends and financial advisers when it comes to taking a call on money matters such as where and how much to invest. The reasons for this behaviour vary from...

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Saradha scam: probe agencies face 'political' hurdles -Bibhas Bhattacharyya

-The Hindustan Times Kolkata: Probing the infamous Saradha scam for Bengal's investigating agencies is like searching for the man who stole overcoats in Nikolai Gogol's The Overcoat. It is a mammoth task made more difficult due to the involvement of political bigwigs. The enormity of the challenge is manifold. First, the web of financial irregularities amounting to thousands of crores of rupees. Second, the involvement of politicians in the scam and third,...

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Hydro projects causing degeneration of hill ecology: CAG-Vishal Gulati

-IANS Shimla: The hydropower projects in Himachal Pradesh -- in private and public sectors -- are not only gobbling up forests but also damaging natural resources, the Comptroller and Auditor General of India (CAG) has found. The compensatory afforestation by the state is highly deficient as 58 percent of the test-checked hydropower projects reported no afforestation at all, the CAG said in its recent report. It pointed out that lack of re-greening of...

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