-The Economic Times MUMBAI: The employees at ICICI Bank, HDFC Bank and Axis Bank may have violated know-your-customer norms and helped clients evade taxes, the Reserve Bank of India's investigation has found. "Banks opened current account based on power of attorney without KYC," ET Now reported citing people familiar with the report. "Banks gave cash advances for gold purchases", which is a violation of norms, it said. The central bank and the...
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Bihar spends Rs 170cr annually guarding VIPs -Gyan Prakash
-The Times of India PATNA: Bihar spends Rs 170 crore annually deploying 5,000 police personnel out a force of 60,000 as bodyguards for politicians, judges, bureaucrats, police officers, members of constitutional bodies and other governmental functionaries. The NDA government in 2007 had created separate posts of 5,800 bodyguards which were later merged with the police. Patna district police has 1,500 such bodyguards. One constable used to be assigned to each MLA or MLC,...
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KEY TRENDS • According to National Sample Survey report no. 583: Persons with Disabilities in India, the percentage of persons with disability who received aid/help from Government was 21.8 percent, 1.8 percent received aid/help from organisation other than Government and another 76.4 percent did not receive aid/ help *8 • As per National Family Health Survey-4 (NFHS-4), the Under-five Mortality Rate (U5MR) was 57.2 per 1,000 live births (for the non-STs it was 38.5)...
More »At the mercy of the Executive-K Venkataramanan
-The Hindu The Supreme Court's reasoning in the Devinder Pal Singh Bhullar case reveals an unfortunate determination to sanction judicial execution because it involved a terrorist offence. If there is one principle that emerges from the judgment of Justice G.S. Singhvi and Justice S.J. Mukhopadhaya, it is that prolonged delay in disposal of a mercy petition, until now considered a possible constitutional limitation on carrying out an execution, will not be...
More »Rajan Mittal quit Bharti Retail after ED launched probe -Rasul Bailay
-The Economic Times Rajan Mittal resigned as director of Bharti Retail last November, barely weeks after the Enforcement Directorate launched a probe into a controversial $100-million investment by Walmart Stores in Cedar Support Services, the holding company of the retail venture. A Bharti spokesman said Mittal had resigned from the board last year to "take out time for his other commitments" and has been replaced by Bharti Group's general counsel and...
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