Somesh Jha &Amp;Amp; Archis Mohan

Stories by Somesh Jha &Amp;Amp; Archis Mohan

Congress banks on Siddaramaiah's 'Karnataka model of development' to see it through

Congress banks on Siddaramaiah's 'Karnataka model of development' to see it through

Rediff.com   11 Apr 2018

The IIM-B's 'Karnataka innovation report' has become the basis for the Congress party's election narrative, particularly to distinguish it from the 'Gujarat model of development', reports Archis Mohan.

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.

'Was Siddaramaiah a Congressman?'

'Was Siddaramaiah a Congressman?'

Rediff.com   2 Apr 2018

'Let me narrate the background as to why Siddaramaiah was taken from my party to the Congress.' 'He belongs to a particular backward community. So by taking Siddaramaiah from my party, it was going to be more advantageous for the Congress.' 'Whatever may be the merits and demerits of the caste equation, it is a consideration for all the parties.' 'The BJP is also playing the caste guard.'

Oppn to move private members' bills on farm loan waiver, remunerative MSP

Oppn to move private members' bills on farm loan waiver, remunerative MSP

Rediff.com   29 Mar 2018

The opposition would push for the passage of the two bills -- the farmers' freedom from indebtedness bill and the farmers' right to guaranteed remunerative minimum support prices for agriculture commodities bill -- in the Rajya Sabha

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.

BJP set to get working majority in Rajya Sabha

BJP set to get working majority in Rajya Sabha

Rediff.com   24 Mar 2018

The BJP is still short of the halfway mark of 123 in the 245-member House, but can now muster a 'working' majority with help of allies, friendly parties, some Independents and nominated members.

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

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.

To defeat BJP, Mayawati to back SP in UP bypolls

To defeat BJP, Mayawati to back SP in UP bypolls

Rediff.com   5 Mar 2018

The rapprochement could open the door to an anti-saffron alliance for the 2019 general elections, reports Archis Mohan.

Victories give Modi-Shah steam for Lok Sabha fight

Victories give Modi-Shah steam for Lok Sabha fight

Rediff.com   4 Mar 2018

BJP strategists know it may not repeat its 2014 performance in its traditionally strong bases in the north and the west. This is where the success in the north east and east is so important.

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

Job creation takes a beating in April-June 2017

Job creation takes a beating in April-June 2017

Rediff.com   21 Feb 2018

The number of new jobs created declined by around 65 per cent to 64,000 in April-June 2017, from 185,000 in January-March 2017, according to the Labour Bureau's quarterly report on employment.

Lapses in banking system: Govt seeks RBI's views

Lapses in banking system: Govt seeks RBI's views

Rediff.com   20 Feb 2018

In its letter, finance ministry has pointed to sections 35, 35A and 36 of the Banking Regulation Act, 1949, to highlight the powers and functions of the RBI as regulator

How govt plans to ensure PNB-style scams don't ever happen

How govt plans to ensure PNB-style scams don't ever happen

Rediff.com   20 Feb 2018

Govt tells PSBs to integrate banking systems, rotate staff as a policy

'Mamata will act as a catalyst to remove BJP'

'Mamata will act as a catalyst to remove BJP'

Rediff.com   17 Feb 2018

'We will have a big say in Delhi in 2018 or 2019 (whenever the elections are) in the Lok Sabha.'

PNB fraud raises stink over banks' risk management ability

PNB fraud raises stink over banks' risk management ability

Rediff.com   16 Feb 2018

The latest fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved

No representations from investors against LTCG tax: Sebi chief

No representations from investors against LTCG tax: Sebi chief

Rediff.com   12 Feb 2018

After holding discussions with the FM, the Sebi chief said the government thought it was an opportune time to levy the LTCG tax as the "markets are booming."