News for 'Public Accounts Committee'

A Week In The Life Of A PSU Banker

A Week In The Life Of A PSU Banker

Rediff.com12 May 2023

'The CM kept his cool, but his adviser was liberal with filthy language.' Tamal Bandyopadhyay recreates the diary of a general manager in a public sector bank, providing a glimpse of how they balance their work and life.

SBI declines to share quantum of money in suspended accounts

SBI declines to share quantum of money in suspended accounts

Rediff.com4 May 2017

The interest money which is not claimed by people due to religious obligations is kept in suspended bank accounts.

Rail tragedy: Cong alleges govt ignored CAG warning

Rail tragedy: Cong alleges govt ignored CAG warning

Rediff.com4 Jun 2023

The Opposition party asked whether the prime minister will take responsibility for the 'deadliest rail tragedy' of this century.

House panel to discuss note ban impact with Urjit Patel

House panel to discuss note ban impact with Urjit Patel

Rediff.com2 Dec 2016

PAC summons RBI Governor Urjit Patel, Finance Secretary Ashok Lavasa and Economic Affairs Secretary Shaktikanta Das.

FinMin officials to brief Parliamentary panel on note-ban 20/1

FinMin officials to brief Parliamentary panel on note-ban 20/1

Rediff.com14 Jan 2017

Parliament's PAC rejects BJP MP Kirit Somaiya's plea that the briefing be postponed.

Govt wanted Rs 3 lakh cr from RBI ahead of 2019 polls: Ex-Deputy Guv

Govt wanted Rs 3 lakh cr from RBI ahead of 2019 polls: Ex-Deputy Guv

Rediff.com7 Sep 2023

The Reserve Bank (RBI) resisted a 'raid' planned by some in the government to extract Rs 2-3 lakh crore from its balance sheet in 2018 to meet populist spending in run-up to general elections, Viral Acharya, who was deputy governor at RBI at that time, has written.

Lawful surveillance data destroyed every 6 months, govt tells HC

Lawful surveillance data destroyed every 6 months, govt tells HC

Rediff.com13 Sep 2023

The matter came up before Justice Subramonium Prasad who listed it for hearing on October 16.

Manipur: Political Will, Legal Process Need Of Hour

Manipur: Political Will, Legal Process Need Of Hour

Rediff.com15 Sep 2023

No process can offer a panacea for ethnic conflict, but there are times at which a legal process could work to defuse violence, asserts Supreme Court lawyer Devvrat.

'Perform or make way for others': Kharge's stern message at Cong meet

'Perform or make way for others': Kharge's stern message at Cong meet

Rediff.com4 Dec 2022

Kharge said that while there are very responsible people in the party who were doing their duty, some people had assumed that lack of responsibility will be ignored.

Top 500 ranking, no online class: Rules for foreign universities in India

Top 500 ranking, no online class: Rules for foreign universities in India

Rediff.com8 Nov 2023

The guidelines have been prepared in line with the National Education Policy (NEP) 2020 that has envisioned that top universities in the world will be facilitated to operate in India.

RBI Rules Make It Difficult To Attract Talent

RBI Rules Make It Difficult To Attract Talent

Rediff.com5 Jun 2023

A top-class board is important from a systemic point of view, more so at a time when the wider financial world and India Inc is chasing the same talent as banks.

Adani family's partners used 'opaque' funds to invest in stocks: OCCRP

Adani family's partners used 'opaque' funds to invest in stocks: OCCRP

Rediff.com31 Aug 2023

Hundreds of millions of dollars were invested in publicly traded Adani group stocks through Mauritius-based 'opaque' investment funds by partners of promoter family, the Organised Crime and Corruption Reporting Project (OCCRP) alleged on Thursday. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a US short seller wiped away close to $150 billion in value of Adani group stocks with allegations of accounting fraud, stock price manipulation and improper use of tax havens by the ports-to-energy conglomerate run by billionaire Gautam Adani. Adani group has denied all allegations. Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the "mysterious" investors bought and sold Adani stock through such offshore structures.

AAP bags Delhi mayor, dy mayor posts; goons have lost, says Kejriwal

AAP bags Delhi mayor, dy mayor posts; goons have lost, says Kejriwal

Rediff.com22 Feb 2023

Aam Aadmi Party's Shelly Oberoi defeated the Bharatiya Janata Party's Rekha Gupta by a margin of 34 votes to become the mayor of Delhi, MCD officials announced on Wednesday.

Centre protecting Adani as BJP gets poll funding: Cong

Centre protecting Adani as BJP gets poll funding: Cong

Rediff.com14 Mar 2023

Chief Minister Bhupesh Baghel asked why the prime minister and Centre were scared of ordering a probe into the fraud committed by the Adani Group.

Ex-FIFA official Blazer's 2013 plea agreement made public

Ex-FIFA official Blazer's 2013 plea agreement made public

Rediff.com16 Jun 2015

US prosecutors on Monday made public their 2013 plea agreement with Chuck Blazer, revealing that the former FIFA executive committee member had been secretly providing authorities information for nearly two years before he admitted guilt.

Jan Dhan a big hit, 3 cr accounts opened already

Jan Dhan a big hit, 3 cr accounts opened already

Rediff.com29 Dec 2014

Around 10 crore bank accounts opened under the Jan Dhan scheme.

NPAs under Mudra scheme rise to 5% for public sector banks

NPAs under Mudra scheme rise to 5% for public sector banks

Rediff.com24 Sep 2020

Former RBI governors Urjit Patel and Raghuram Rajan have also expressed worry about the Mudra scheme, particularly government's target-setting practice and the rising bad loans.

Pak unblocks Wikipedia after site stands firm on blasphemous content

Pak unblocks Wikipedia after site stands firm on blasphemous content

Rediff.com7 Feb 2023

Pakistan Prime Minister Shehbaz Sharif has ordered authorities to unblock Wikipedia "with immediate effect", days after the country's telecommunications watchdog banned the online encyclopedia for its failure to remove offensive and blasphemous content.

Assembly Polls: What Google, Meta Are Up To

Assembly Polls: What Google, Meta Are Up To

Rediff.com6 Nov 2023

'There is a huge risk of misinformation and disinformation, and targeted campaigns that could potentially happen against candidates or to push certain narratives.'

'Never imagined I'll fight polls from area of scam-hit people'

'Never imagined I'll fight polls from area of scam-hit people'

Rediff.com22 Mar 2014

Senior Bharatiya Janata Party leader Murli Manohar Joshi, shifted to Kanpur Lok Sabha seat from Varanasi to accommodate Narendra Modi, on Friday made a veiled attack on sitting Congress MP and Coal Minister Sriprakash Jaiswal, saying he never imagined that one day he would have to fight elections from "constituency of people whose names cropped up in coal gate scam."

What questions did PAC ask on note ban?

What questions did PAC ask on note ban?

Rediff.com9 Jan 2017

'The committee has all the right to call anybody involved in the matter. But that will depend on the outcome of the January 20 meeting. We can call the PM on demonetisation if the members unanimously decide so.'

Time To Establish Diplomatic Relations With Taliban

Time To Establish Diplomatic Relations With Taliban

Rediff.com25 Jan 2024

The Taliban government in Afghanistan is not going anywhere. That being the case, why is the hesitation to establish formal diplomatic relations with the Taliban? asks Lieutenant General Prakash Katoch (Retd).

Can public sectors banks clean up the rot within?

Can public sectors banks clean up the rot within?

Rediff.com20 Aug 2014

The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.

PSU banks account for over 90% of total bad loans in FY'14

PSU banks account for over 90% of total bad loans in FY'14

Rediff.com26 Nov 2014

Gross NPAs of public and private sector banks stood at Rs 2.41 lakh crore and 26,571 crore respectively.

'My father was disappointed by Rahul Gandhi'

'My father was disappointed by Rahul Gandhi'

Rediff.com15 Dec 2023

'Politics is a game of public perception and my father felt that by his long disappearances, Rahul Gandhi was losing the battle of perception.'

In letter to PM Modi, Danish Ali demands 'suitable punishment' to Bidhuri

In letter to PM Modi, Danish Ali demands 'suitable punishment' to Bidhuri

Rediff.com29 Sep 2023

In a letter to the prime minister, Ali also demanded that he be provided enhanced security in view of an "escalation of threats" against him.

No lack of food, medicine; claims of shortage not true, Manipur tells SC

No lack of food, medicine; claims of shortage not true, Manipur tells SC

Rediff.com6 Sep 2023

The Manipur government dubbed as untrue the claim by the counsel for the committee appointed by the apex court to oversee relief and rehabilitation of the victims of ethnic violence that the people of the state were suffering on account of an economic blockade.

Manipur unrest: BJP MLA moves SC against HC order on ST status to Meiteis

Manipur unrest: BJP MLA moves SC against HC order on ST status to Meiteis

Rediff.com7 May 2023

Gangmei in his appeal said the HAC "was a necessary and proper party and the proceedings before the high court were vitiated on account of not making the HAC a party".

SC to beef up own 2018 verdict on curbing hate crimes

SC to beef up own 2018 verdict on curbing hate crimes

Rediff.com25 Aug 2023

The Supreme Court Friday said it will strengthen its 2018 guidelines for dealing with mob violence, hate speeches and lynching to ensure that culprits are dealt with equally, irrespective of their communities for their public utterances spreading bigotry.

Curfew, mobile internet snapped in Manipur over violence during tribal stir

Curfew, mobile internet snapped in Manipur over violence during tribal stir

Rediff.com3 May 2023

Thousands of agitators took part in the rally, during which violence between tribals and non-tribals was reported in Torbung area, a senior police officer said.

FinMin disagrees with PAC's views on interest on tax refund

FinMin disagrees with PAC's views on interest on tax refund

Rediff.com8 Feb 2014

The Finance Ministry said it has followed standard practice and has not violated any Constitutional provision by not showing interest on tax refund as separate expenditure in the Budget.

'Mumbai will always be vulnerable'

'Mumbai will always be vulnerable'

Rediff.com6 Dec 2023

'If we have to restrict and fight terrorism, first and foremost, we have to ensure communal harmony in the country.'

Did RBI Know About Demonetization?

Did RBI Know About Demonetization?

Rediff.com1 Jun 2023

The RBI was not party to the decision to demonetize 500 and 1,000-rupee notes, which was taken at the highest level of India's political leadership.

PSB reforms only on paper; 10 don't even have chairman

PSB reforms only on paper; 10 don't even have chairman

Rediff.com10 Aug 2021

The talk of governance reforms at public-sector banks seems to remain on paper, as a majority of them continue to be working with just a handful board members. Half of the board seat at these banks have been vacant. Ten of the 12 public-sector banks, even large ones like Punjab National Bank, Canara Bank and Union Bank of India - all except State Bank of India (SBI) and Bank of Baroda - don't even have a chairman. In 2014, while splitting the post of chairman & managing director (CMD), the government had decided to appoint non-executive chairmen at these banks. SBI, which has an executive chairman and four managing directors, was an exception.

What does govt have to do with Adani issue, asks BJP

What does govt have to do with Adani issue, asks BJP

Rediff.com3 Feb 2023

The SEBI and the RBI will look into it. Let their reports come in, BJP MP Mahesh Jethmalani said.

Ladakh groups to intensify stir to press for statehood

Ladakh groups to intensify stir to press for statehood

Rediff.com16 Feb 2023

Environmental activist and educator Sonam Wangchuk said democracy has been compromised in Ladakh and the local people have no say in decision-making.

Despite Modi govt's best efforts...: Cong on fresh charges against Adani

Despite Modi govt's best efforts...: Cong on fresh charges against Adani

Rediff.com31 Aug 2023

The Organised Crime and Corruption Reporting Project (OCCRP) on Thursday trained its guns on the Adani Group, alleging hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment funds managed by partners of promoter family, charges the conglomerate denied vehemently.

The Curious Case of Sunil Mondal, MP

The Curious Case of Sunil Mondal, MP

Rediff.com9 Aug 2021

The MP from East Burdwan, who defected to the BJP last December, has been put on 'probation' by the TMC, which he wants to rejoin.

Had meeting with Adanis, happy about it: LIC chairman M R Kumar

Had meeting with Adanis, happy about it: LIC chairman M R Kumar

Rediff.com6 Mar 2023

Confirming a meeting with the top management of the Adani Group, Life Insurance Corporation Chairman M R Kumar said on Sunday that the interaction had gone well. "There's nothing I can state as of now on the outcome of that meeting. "But yeah, we've had the meeting....we are quite happy about this meeting," Kumar said on the sidelines of the 22nd Global Conference of Actuaries in New Delhi.

SC asks Centre, Manipur to ensure people's safety; urges to avoid hate speech

SC asks Centre, Manipur to ensure people's safety; urges to avoid hate speech

Rediff.com11 Jul 2023

The top court also took note of the submissions about objectionable public utterances by some groups and individuals.