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HDFC Bank, ICICI Bank, Axis Bank involved in money laundering: Report

-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...

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PM manmohan singh upset with Italy; envoy may get marching orders

-The Times of India PM manmohan singh described Italy's provocative decision to not send back the two marines accused of killing Kerala fishermen as unacceptable, and the government lodged a "strong protest" with the Italian ambassador and asked for the duo's return. With government coming under attack from the opposition for alleged collusion with Italy, Singh was said to have told a group of Left MPs from Kerala that what Italy did...

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Centre raps private firms for quota failure -Subodh Ghildiyal

-The Times of India Amid talk of stimulating growth with sops to industry, the Centre has chided the private sector for performing abysmally on making the workforce inclusive by boosting dalit presence in its ranks. The industry in 2006 promised voluntary affirmative action to persuade the UPA-1 government to drop plans to enforce reservation in private sector through a legislation. Reviewing the updated results of affirmative action provided by the industry, Union social...

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Aadhaar should be led by less glamorous person

-The Economic Times Almost every fortnight, Nandan Nilekani knocks on the doors of the Reserve Bank to push his case for making Aadhaar an easy gateway to a bank account. He has reached a frontier that, when crossed, could multiply the number of Indians, untouched by high-street banks, to have accounts. An inexpensive technology to execute this exists: the fingerprint of the person with a 12-digit individual identification number is all a...

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Modi’s Gujarat model can never become a national model: Karat

-PTI Patna: Attacking Narendra Modi, projected by a section of BJP as a possible Prime Ministerial candidate, CPI(M) leader Prakash Karat on Sunday said Mr. Modi’s Gujarat model of development cannot be replicated at the national level. “Modi’s Gujarat model can never become a national model for development,” he said, while addressing a CPI(M) ‘Aam Sabha’ in Patna. Everybody knows the truth about Mr. Modi’s Gujarat model of development, which has given priority...

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