Advait Rao Palepu And Somesh Jha

Stories by Advait Rao Palepu And Somesh Jha

EPFO dumps CSC Aadhaar services after data theft

EPFO dumps CSC Aadhaar services after data theft

Rediff.com   3 May 2018

Unique Identification Authority of India said the alleged data breach took place on a website that does not belong to it.

Govt planning monthly payroll data in place of quarterly job surveys

Govt planning monthly payroll data in place of quarterly job surveys

Rediff.com   29 Apr 2018

The Prime Minister's Office has decided to set up a panel, led by former chief statistician T C A Anant, to deliberate on whether the enterprise-level quarterly data, which is released by the labour bureau, should be discontinued.

6.22 million additional jobs were created in 2017-18

6.22 million additional jobs were created in 2017-18

Rediff.com   26 Apr 2018

The payroll estimates, released by the EPFO based on its enrolment, threw up some contrasting trend between September 2017 and February 2018.

90,000 ATMs across India will soon dispense Rs 200 notes

90,000 ATMs across India will soon dispense Rs 200 notes

Rediff.com   24 Apr 2018

About 200,000 ATMs can dispense the new series of Rs 500 notes

Labour reforms move a step ahead; outsiders can now become TU leaders

Labour reforms move a step ahead; outsiders can now become TU leaders

Rediff.com   24 Apr 2018

The Centre has, however, retained its proposal to curb flash strikes as workers in all factories will be required to give employers a strike notice of at least two weeks after the Bill becomes a law.

States with dry ATMs received highest share of currency notes in 2017-18

States with dry ATMs received highest share of currency notes in 2017-18

Rediff.com   20 Apr 2018

An RBI official said the supply of currency was adequate in the states facing a crunch at ATMs but the logistic issues led to the present situation

Cash crunch: Suspected hoarding of Rs 2,000 notes to be probed

Cash crunch: Suspected hoarding of Rs 2,000 notes to be probed

Rediff.com   19 Apr 2018

The rate of cash withdrawals over deposits was almost double in Uttar Pradesh, Andhra Pradesh and Telangana, according to the latest analysis submitted by the RBI to the finance ministry.

'Banks to recover 48% from NPA accounts in RBI list'

'Banks to recover 48% from NPA accounts in RBI list'

Rediff.com   18 Apr 2018

The haircut for major banks stands at 52 per cent, if the dues of Jaypee Infrastructure, Lanco Infrastructure and Era Infrastructure are kept out of the calculation.

RBI tells finmin that PNB misled it on SWIFT migration

RBI tells finmin that PNB misled it on SWIFT migration

Rediff.com   5 Apr 2018

'PNB had confirmed compliance with the RBI's prescription in its circular of August 3, 2016, which has now turned out to be factually incorrect,' Minister of State for Finance Shiv Pratap Shukla said in Rajya Sabha on Tuesday.

Compulsory annual health checks proposed for workers

Compulsory annual health checks proposed for workers

Rediff.com   4 Apr 2018

This will help employers keep a track of the diseases workers could suffer from while doing their jobs.

How insurance blockchain can ease customers' burden

How insurance blockchain can ease customers' burden

Rediff.com   4 Apr 2018

Life insurance companies assert that the blockchain being created has strict protocols to leave no room for manipulation and exploitation, or unauthorised use of customer data and personal information.

Experts' poll says RBI may hold rates for now

Experts' poll says RBI may hold rates for now

Rediff.com   31 Mar 2018

There is a narrow chance that the central bank may cut rates in the future, according to a poll of 15 economists and treasurers.

Why millennials need to be more careful about kidney ailments

Why millennials need to be more careful about kidney ailments

Rediff.com   30 Mar 2018

Study reveals alarming trend.

PNB may be allowed to spread fraud losses over 4 quarters

PNB may be allowed to spread fraud losses over 4 quarters

Rediff.com   28 Mar 2018

With the entire fraud amount becoming a non-performing asset, around 25 per cent of the bank's estimated net worth of Rs 40,000 crore could be affected.

Honoured all LoUs during 2011-16: PNB to FinMin

Honoured all LoUs during 2011-16: PNB to FinMin

Rediff.com   22 Mar 2018

The bank also issued 234 LoUs worth Rs 1,880 crore to another group of companies promoted by Mehul Choksi in 2015 and 2016

How banks can minimise losses from fraud

How banks can minimise losses from fraud

Rediff.com   21 Mar 2018

25,600 cases of banking fraud totalling Rs 1.79 billion were reported up to December 2017. 'There is an inherent legacy when it comes to insuring crime.' 'Generally, most banks are uncomfortable in sharing data about employee fraud.'

The bank has the power of 5Cs: PNB chief

The bank has the power of 5Cs: PNB chief

Rediff.com   13 Mar 2018

The bank has one of the highest current account savings account share, stable credit quality, robust credit growth, adequate capital and low cost-to-income ratio, said PNB chief Sunil Mehta.

PNB to provide for Rs 60 bn loss this quarter for NiMo scam

PNB to provide for Rs 60 bn loss this quarter for NiMo scam

Rediff.com   12 Mar 2018

"Our preliminary estimates show we may have to provide for around Rs 60 billion in the balance sheet for the quarter ending on March. The due date for LoUs amounting to Rs 60 billion is falling in the present quarter. This will be a contingent liability for the bank," said a senior executive, on condition of anonymity.

The rot in the EPFO data

The rot in the EPFO data

Rediff.com   22 Feb 2018

Out of around 80 million accounts that were analysed, there were 10 million records with only names and no other details about the subscribers, including their date of joining, date of birth and father's name, among others, in the EPFO's records.

Why Indian Labour Conference has been postponed

Why Indian Labour Conference has been postponed

Rediff.com   21 Feb 2018

At the 47th ILC, scheduled for February 26 and 27 in Delhi, trade unions and employers were to discuss key issues related to employment and social security coverage to workers