-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...

-Outlook A sting operation carried out by online magazine Cobrapost across various branches of private banks has revealed that banks are involved in money laundering. The sting operation shows that HDFC Bank, ICICI, and Axis Bank are running a nationwide money laundering racket. Cobrapost Editor Anirudh Bahal said that even senior management is involved in the practice. "Our investigation shows HDFC Bank, ICICI bank and Axis Bank rolling out the red carpet for...

-The Hindustan Times Kanpur: The district administration here made best of efforts to present a pretty picture. But the World Bank chief Dr Jim Yong Kim was obviously not moved. What touched him instead was the rampant poverty that he saw everywhere. "People here are extremely poor. They don't have access to clean drinking water, roads, sanitation and electricity," he said after visiting a Gwaltoli slum in Kanpur. "They (the people) struggle...

-The Hindu In a move that could significantly alter the nature of professional journalism in the country, Press Council of India (PCI) chairman Justice Markandey Katju has set up a committee to determine the minimum qualification for a journalist. The move has drawn sharp reactions from media practitioners and experts. In a press note issued on Tuesday, Justice Katju stated that in contrast with other professions such as medicine, law and teaching,...

-The Telegraph Differences over proposed changes to the law dealing with rape prompted the government to refer an amendment bill to a group of ministers today but the deadlock could not be resolved after the first round of discussions. The empowered group of ministers, headed by P. Chidambaram, is scheduled to meet again tomorrow and place its views before the cabinet on Thursday. The government is then expected to call an all-party...