It is the biggest issue we have ever faced in the securities market, where a sensitive and systemically important institution and first-line regulator was not only exploited by unscrupulous elements but functioned like a private fief, points out Debashis Basu.
India has historically not had a strong compliance mechanism around insider trading. This is in stark contrast to developed countries.
Here is a lowdown of all the lighthearted, fun news from around the ICC World Cup.
Sebi on Monday imposed a penalty totalling Rs 15 crore on senior officials of Franklin Templeton AMC and its trustee for violating regulatory norms in the case of winding up of six debt schemes in 2020. However, a spokesperson of Franklin Templeton said they disagree with the findings in Sebi's order and intend to file an appeal with the Securities Appellate Tribunal (SAT). A fine of Rs 3 crore has been levied on Franklin Templeton Trustee Services Pvt Ltd and Rs 2 crore each on Franklin Asset Management (India) Pvt Ltd President Sanjay Sapre and its chief investment officer Santosh Kamat, according to the Sebi order. In addition, the regulator imposed a penalty of Rs 1.5 crore each on fund managers -- Kunal Agarwal, Pallab Roy, Sachin Padwal Desai and Umesh Sharma -- as well as former fund manager Sumit Gupta.
Each state will plan it in two districts and preferably in five different session-type settings -- district hospital, community health centre or primary health care centre, urban site, private health facility and rural outreach.
Indeed, there were frauds, and the politician-banker-industrialist nexus played a role in the rise of NPAs, but governance issues in Indian banking are far more nuanced and complex, reveals Tamal Bandyopadhyay.
There is no hacking nor any leakage of IRCTC ticketing website and everything is safe, railway board member (Traffic) Mohd Jamshed told PTI.
BCCI official says while the board has tightened the system further, issues raised by players are swiftly answered by the finance department.
Google on Wednesday launched its global 'Be Internet Awesome' programme for children in India in partnership with Indian comic book publisher Amar Chitra Katha to interweave critical internet safety lessons across eight Indian languages. The tech giant has also launched an enhanced Google Safety Centre in eight Indic languages as part of its efforts to step up safety of users on the internet. Google has significantly increased its resources dedicated to India's Trust Safety teams, including product policy analysts, security specialists, and user trust experts that support over 10 vernacular Indian languages, enabling its central teams to benefit from the local nuance and inputs.
Fraud is a big concern among many board members.
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
'Since most of us are going through a difficult time during the pandemic, the foremost step to take care of our relationships is to practice understanding and compassion.'
Indian forces are doing what they have to do to protect the country, whether it is in terms of deployment, action or counter-action, Modi told political leaders.
'In politics, not everything is spoken and there are a lot of messaging done very discreetly.'
From round-the-clock surveillance of people and equipment to choosing the right materials for the building that contains the servers that store data, these facilities are truly state-of-the-art.
A financial analyst is one of the most popular career options in the domain of finance, Sanjay Goyal.
In the light of a rise in COVID-19 cases, the Brihanmumbai Municipal Corporation has decided to register offences against people who violate safety guidelines, an official said on Thursday.
The UIDAI said that the claims lack substance and are baseless.
'The finance ministry and public sector banks have tried to keep the names of wilful defaulters secret.' 'Secrecy and concealing information are inbred among banks and even the RBI,' observes Debashis Basu, editor, www.moneylife.in.
Amid oxygen shortage and a faltering health system in the country, India is seeing over 300,000 cases daily.
Market regulator Sebi has denied evidence of participation of terror outfits in the Indian stock markets. It informed the Parliament of its findings on Tuesday. Sebi has also clarified that the authorities do not try to manage or control movement of stock indices. They have put in place systems and practices to promote a safe, transparent and efficient market and to protect market integrity. Sebi has issued orders against 102 vanishing companies and 391 directors & promoters.
With easy access to processed meals and an unhealthy lifestyle, gaining weight is simpler than ever, warns Pune-based celebrity fitness coach Gaurav Pawar.
RBI has cited at least 10 areas where it has no control over PSBs.
While the situation at large is not in your control, what you can essentially control is your reaction to what is happening around you, says Dr Sameer Dwivedi.
Engineering product firms were among the first to embrace AI and machine learning. And the early adopters are reaping gains.
Ambassador Pankaj Sharma, Permanent Representative of India to the Conference on Disarmament (CD), Geneva, said India has been drawing the attention of the world towards these threats and the need to strengthen international cooperation to address them through its annual consensus UNGA resolution titled 'Measures to prevent terrorists from acquiring weapons of mass destruction'.
Now that you have already downloaded mobile wallets and all set to go cashless/digital with your payments to the local grocer, cabbie, maid, etc, here's what you must watch out for, says Tripti Rai.
Niranjan Upadhye, general manager, fraud risk management, Worldline India, tells you how to quickly spot a scam and save yourself from grief.
Prime Minister Narendra Modi will flag off the first phase of the pan India roll-out of COVID-19 vaccination drive at 10.30 am via video conferencing.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
The company said this new approach allows developers to train artificial intelligence models without the user data leaving the device, while allowing it to do more with less data.
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.'
Banks are also weighing the option of hiring experts for help in specialised areas.
as journalists active in Pakistani media have been quick to point out, with Ghafoor at the helm in Balochistan, no one will take seriously any claims by the civilian leadership to use the velvet glove to work for peace there, points out Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.He did not hesitate to pejorate developments in India at the slightest opportunity, points out Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
It is time the government cast its net wide for seeking expert advice on managing the Indian economy and formed a group to help it navigate the difficult days ahead, advises A K Bhattacharya.
'Washington appears to be playing the long game, and making the argument to India that over the longer term, Russia -- sanctioned, cash-strapped, isolated by the West -- will no longer be a viable defence partner for India'
'Smart' Gandhinagar is now wired to the future, becomes India's first smart city; launches citywide WiFi services, smart streetlights, speed and face recognition surveillance.
'In Mumbai the mortality rate was reaching a percentage of almost 8 plus in about April.' 'But now over last one month, we have come down.' 'We have drastically controlled mortality.' 'We are now about 3.9.'
As cases of 'black fungus' among COVID-19 patients in the country rise to cross 7,000, the Centre on Thursday urged all states and union territories to declare it as a notifiable disease under the Epidemic Diseases Act to ensure mandatory surveillance to tackle the 'new challenge'.
Directions have been issued to about 48 industrial units polluting River Ganga to close down, the Rajya Sabha was informed on Monday.
