'For years, the RBI has been warning banks on probable frauds in bank guarantees and advised them to exercise due care.' 'PSB staffers feel their jobs are secured, hence there is no need to be vigilant and exercise financial prudence.'
FinMin's project will enable tax man to track electronic transactions like RTGS or NEFT.
Nearly 240 projects were under various stages of implementation.
Anticipating panic and rush at bank counters, the Reserve Bank of India as well as the government has set up control rooms in Mumbai and the national capital to avoid any crisis, Department of Economic Affairs Secretary Shaktikanta Das said.
A new framework has been put in place for automatic exchange of information between Switzerland and India to help check the black money menace with effect from January 1, 2018. The funds held by Indians through fiduciaries alone used to be in billions till 2007 but began falling after that amid fears of regulatory crackdown. It is now at second-lowest level in 20 years.
Autorickshaw drivers and families from Kalyan reveal how the lockdown has rendered them jobless and deprived them of bare necessities.
A source in the Imran Khan government told PTI that the Punjab police are waiting a go-ahead from the "top" to lay hand on Saeed.
'The Swedish government would consider who will live, who will not die, in rationing coronavirus healthcare!' 'This means the 'biological age' would supersede the patient's chronological age as a potential guideline,' notes Ambassador M K Bhadrakumar
Fix India's real estate sector. Fix India's public sector banks, advises Tamal Bandyopadhyay.
Lalu handled the obstacle of 'departmentalism' with ease.
Amnesty highlighted poll-related violence in the lead up to the May 2014 General Elections, communal clashes and failure of consultation on corporate projects as key concerns.
News of all that transpired on and off the football field.
The proposal is currently with the finance department and is expected to be placed before the Cabinet in the coming days.
More than 1,000 independent directors have quit since January 2017; more could be on their way out
'Param Bir's letter alleges that Waze was being used directly by the home minister.' 'I think an enquiry by a high court judge is the need of the hour.'
The Ministry of Corporate Affairs ordered the inspection of the books of accounts of NSEL and Financial Technologies India Ltd to ascertain if any rules under the Companies Act were violated, a senior official said.
Britain's vote to leave the European Union means uncertainty for markets and companies as London initiates at least two years of negotiations with the EU.
Sri Lanka captain Angelo Mathews defended the team's cricketers on Tuesday after recording a statement before police in connection with a match-fixing scandal that has led to the suspension of a bowling coach. Sri Lanka Cricket (SLC) handed Anusha Samaranayake a two-month ban on Monday over his relationship with net bowler Gayan Vishwajith, who allegedly approached national team players to under-perform during a test match against West Indies in October. "Sri Lanka Cricket has received several complaints regarding the close acquaintance of Anusha Samaranayake and the main suspect Gayan Vishwajith, who had approached several national players for the alleged illegal activities of match-fixing," the SLC said in a stateme
To mark the first anniversary of the Sterlite firing anniversary -- 13 people died and several were injured when the Tamil Nadu police fired on a large crowd protesting -- various organisations will hold rallies and meetings in the port city.
It's impossible to get the actual number of people dying and not getting compensation but the number is obviously much more than stingy official estimates. In any case, nowhere in the world are people sent inside gas chambers without oxygen cylinders and masks. Unofficial estimates suggest that on an average, one sanitation worker dies every five days all over the country, writes Shyamal Majumdar.
Having failed to wear down the protesters, the government has now resorted to a bare-knuckle campaign to discredit them by portraying them as pawns in a wider plot bankrolled by shadowy 'anti-national' and 'Islamist' forces, notes Hasan Suroor.
In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.
The Brazilian Grand Prix at Sao Paulo's Interlagos circuit could be axed after this season due to the country's economic crisis, Formula One's commercial supremo Bernie Ecclestone said on Saturday.
The financial crisis has challenged the intellectual assumptions on which previous regulatory approaches were largely built, and in particular the theory of rational and self-correcting markets.
While taking gold out of the closet to borrow money is no longer taboo in Indian households, the sharp drop in gold prices is hitting the newest loan product on the banking turf hard, explains Tamal Bandyopadhyay.
Coming from a family that has a 140-year history of growing coffee, Siddhartha, 59, initially dabbled in stock trading and wanted to work as an investment banker in Mumbai after completing his Master's in Economics from Mangalore University.
According to data shared with the Lok Sabha, 19 road projects awarded after May 2014 were facing delays
Even if the extradition bill has been suspended, Beijing will eventually impose its system on Hong Kong, observes Nitin Pai.
'What we see today is bargaining.' 'The man's family sets a price for him and then they start bargaining.' 'He is sold to the family that offers the highest price.' 'In this market, a woman is just a commodity to be sold because if she remained at home, it is a humiliation for the family.'
RBI seeks detailed report on what happened between 2011 and now; bankers to recall loans to Nirav Modi entities.
'Obviously, MSP hike raises chances of a reduction in exports. Even without an MSP hike, India's exports of a number of agri-commodities, like sugar, were unviable in the overseas markets.'
'The problem is not lack of evidence, but the unholy alliance between political parties and church authorities.' 'If you are raising a voice against the priest, you and your family will suffer.'
The reason is believed to be a 19% increase in interest cost.
According to Pakistan's National Counter Terrorism Authority (NACTA) list, which was updated on Tuesday, JuD and FIF were among 70 organisations proscribed by the ministry of Interior under the Anti-Terrorism Act 1997.
Thousands of homeowners across housing projects owned by Jaypee Infratech and the Amrapali Group are running out of options. Jaypee Infratech and Amrapali are among the 12 big corporate loan defaulters against which the RBI has ordered initiation of insolvency proceedings.
New Delhi's overall air quality index read 456 at 4 pm, up from 425 at 4 pm on Tuesday.
As much as 73% of total income of national political parties is unaccounted for, says Association for Democratic Rights.
Interestingly, India had objected to the establishment of a UNHCHR when it was proposed by the US at the Vienna Conference on Human Rights in July 1993 and the whole proposal was remitted to the General Assembly in New York because India and others said that the whole issue should be examined in detail, says Ambassador T P Sreenivasan, who had led the Indian delegation for negotiating the terms of the HCHR.
Every class of passenger travel, except three-tier AC, loses money.
The anti-corruption watchdog posts have been vacant for the last nine months.
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