Investigators are now trying to ascertain as to who made these alleged forged documents and whether an organised gang is behind it.
The incidence of corruption cases can be checked to a large extent if the suggestions already available with RBI and the government are taken seriously, says Shyamal Majumdar.
In the Anti Money Laundering (AML) Basel Index 2013 India has been ranked 93rd and 70th in 2012 and 2013 respectively out of 140 countries.
What was the fraud? Why did Sebi drag its feet on the order? What options does RIL have now? Samie Modak explains these and more.
Chennai Super Kings and Rajasthan Royals were suspended from the Indian Premier League for two years for betting activities of their key officials, Gurunath Meiyappan and Raj Kundra, during the 2013 season of cash-rich Twenty20 cricket tournament.
Fraud is a big concern among many board members.
The capital markets watchdog has asked the government to empower it to carry out search and seizure operations, to attach properties and to ask for information and records for all relevant entities.
'A senior US diplomat last week asked me when things will go back to normal. I had to tell her that if normalcy meant getting back these perks, it is not going to happen for a very long time, if ever at all,' says Mohan Guruswamy. 'For the Indian public now is outraged that US diplomats have enjoyed all these winking at the rulebook.'
The scam has offered Lalu Prasad an opportunity to point fingers at Nitish Kumar and Sushil Kumar Modi.
'This arrest was totally unnecessary and disproportionate to the gravity of charges. What was truly required was a more measured and calculated approach, keeping in mind the strain such an action could cause to the growing bilateral relationship between these two great nations.' Indian-American organisations condemn Indian diplomat Devyani Khobragade's arrest.
Ranbaxy's US factory, Ohm Laboratories, is learnt to have got a clean chit from the American regulator. This US facility was under surveillance of the Food and Drug Administration (FDA) since the end of 2012.
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Birmingham-based Gurpreet Singh Chadda, who was doing business of sale and rent-back of homes through Red2Black Homes and B&L Homes, has also been banned from working in the British financial services industry, besides a fine of 945,277 pounds (nearly Rs nine crore), the FCA said.
Biometric authentication is based on the unscientific and questionable assumption that there are parts of human body that does not age, wither and decay with the passage of time.
As Ashraf Ghani and Abdullah Abdullah form a joint government after contesting the presidential election against each other, Prakash Bhandari reports from Kabul on the problems facing the new, US-brokered arrangement.
'The failure of the ECI to follow the Registration of Electoral Rules and create verified and audited rolls or even verifiable and auditable ones, highlight that the entire electoral roll is merely a compilation of names without any effort or intention for completeness, correctness or fair play.' 'We are fooling ourselves by electing our representatives based on faulty electoral rolls that do not represent the people of the constituency. Elections based on these rolls are neither free nor fair. Democracy is under siege,' says Dr Anupam Saraph.
The workers who were hired straight out of school as unskilled labourers are now struggling to find alternative employment because they lack skills.
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