'This letter assumes significance as it is for the first time that a letter has been documented and collectively agreed upon.'
BharatPe co-founder Shashvat Nakrani has accused Ashneer Grover, with whom he had co-founded the payment startup, of creating a false narrative about the company, and said the board acted quickly and decisively in unseating him after receiving finds of a PwC report. BharatPe, which allows shop owners to make digital payments through QR codes, last week stripped Grover of all titles and positions over his alleged "misdeeds" and may take further legal actions, including clawing back of some of his shareholding. In a letter to employees, Nakrani said the Grover episode was an aberration and not the norm at BharatPe, and went on to defend the board who he said were celebrated names in the banking and financial services industry.
Stressing the need to make evidence-based policy formulation an integral part of governance, the prime minister said auditors must resort to technical tools to iron out any chances of fraud in organisations and give a new identity to new India.
The findings were revealed as part of a survey to
China on Tuersday said it will first find a solution that applies to all non-NPT countries seeking entry into NSG and will then discuss India's application, a day after the two country's held talks over India's bid for membership of the elite grouping.
Indian authorities failed to "prevent many incidents of religious violence and contributed to tensions through polarising speeches", Amnesty International said.
'As 1.3 billion people wait for our prime minister to tell us what to do and then vanish again from our television screens, it is worth noting that this is not how the rest of the world is being led,' points out Mihir S Sharma.
Suspended Congress leader claims 100 letters to Sonia Gandhi over leadership change
As much as Rs 26,697 crore was lying in dormant accounts of banks, including cooperative banks, as on December 31, 2020, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday. This money is lying in nearly 9 crore accounts which have not been operated for 10 years. As per information received from the Reserve Bank of India (RBI), as on December 31, 2020, the total number of such accounts in Scheduled Commercial Banks (SCBs) was 8,13,34,849 and the amount of deposits in such accounts was Rs 24,356 crore, Sitharaman said in a reply.
Team India head coach Ravi Shastri intends to step down from his role after the T20 World Cup. He says he has achieved everything there was and does not want to overstay his welcome.
The race for the UN secretary-general for 2022-2027 is already over and another term for Antonio Guterres is a foregone conclusion, observes Ambassador T P Sreenivasan.
Along with the senior selection committee, the entire women's selection panel will be overhauled
Summary of sports events and persons who made news on Saturday
"The world's eye is on Kashmir and on Pakistan...I will be the ambassador who raises Kashmir's voice at every international forum," he said.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
Sports Minister Kiren Rijiju advised the Boxing Federation of India to be transparent and resolve the Nikhat Zareen-Mary Kom in the best possible manner.
Batting for larger transparency, the Central Information Commission (CIC) has urged the Committee of Administrators running the Board of Control for Cricket in India to look into the issues raised by historian Ramachandra Guha.
"NSO is a private company, it is not a governmental project and therefore even if it is designated, it has nothing to do with the policies of the Israeli government," Israel's Foreign Minister, Yair Lapid, said at a joint press conference with Prime Minister Naftali Bennett and Finance Minister Avigdor Lieberman at the Prime Minister's Office on Saturday evening.
Our government has failed the country on several counts. All this must change for India to redeem itself in six months, says Naushad Forbes.
A new Congress leader may make an electoral impact by his very presence. Congress voters who had moved away from the party, after being influenced by the BJP's 'family rule' campaign, can now return with a certain moral satisfaction, observes N Sathiya Moorthy.
The alleged use of the Pegasus software to spy on journalists, human rights defenders, politicians and others in a number of countries including India triggered concerns over issues relating to privacy.
Twitter received 94 grievances and 'actioned' 133 URLs between May 26 and June 25, the microblogging platform said in its maiden monthly compliance report as mandated by the IT rules.
Advice to the new finance minister from former RBI governor Raghuram Rajan: 1. Clean up banks by reviving projects that can be revived after restructuring debt. 2. Improve governance and management at public sector banks. 3. De-risk banking by encouraging risk transfers to non-banks and the market. 4. Reduce the number and weight of government mandates for public sector banks, and for banks more generally.
An undeterred Chief Executive Officer of NSO Group, Shalev Hulio, in an interview to Israeli Channel 12 on Saturday, strongly defended the company's operations, though he also conceded that some 'mistakes' may have happened over the years.
A must-read excerpt from former RBI governor and former Rajya Sabha member Bimal Jalan's India: Priorities For The Future.
'It is especially discouraging for young people in the development sector. I've noticed that many of them are actively considering other career options to escape this atmosphere.' Geetanjali Krishna reports.
Six-time World champion M C Mary Kom slammed the International Olympic Committee's Boxing Task Force for "poor judging" after losing her flyweight (51kg) pre-quarter-final at the Tokyo Games on Thursday.
Asking the US to respect the efforts by China and India to resolve their boundary dispute peacefully, a top Chinese official on Monday said the two nations are wise enough to deal with it after the Pentagon accused Beijing of deploying more troops along the Sino-India borders.
Since 2016, when India was officially recognised in US law as a 'major defence partner', Washington has purposefully upgraded the defence relationship.
Representatives of several bodies visited the office of NSO to assess the allegations raised in regards to the company on Wednesday, a spokesperson for Israel's Ministry of Defence said.
'Washington is well aware that the Haqqani group was responsible for terrorist attacks on the Indian diplomatic establishments in Afghanistan.' 'But today US self-interest dictates that Sirajuddin Haqqani's mainstreaming in Afghan political life and a potential elevation eventually to a leadership role at the national level is useful and necessary, since he can deliver peace,' notes Ambassador M K Bhadrakumar.
The move comes a few days after billionaire businessman Elon Musk tweeted that his Starlink internet services would be available in India as soon as it gets regulatory approvals next year. Musk's Starlink, which plans to have a constellation of 40,000 low-orbit satellites, recently started offering high-speed internet in the US as part of its beta launch phase.
In the 2021 QS rankings announced in London on Wednesday, IIT Bombay continues to be the best-ranked Indian institute at 172, a 20-slot dip from the 2020 ranking.
'The most confusing part as a player is even though the entry deadline has passed for Olympics, we have no idea on what the exact cut off of rankings are.'
Prime Minister Narendra Modi said India and the United Kingdom are economically made for each other.
Penalty must act as a deterrent. If it is too low, it could encourage the regulated entities to lap up penalty instead of complying with the norms, suggests Tamal Bandyopadhyay.
Twitter said it will continue to be strictly guided by principles of transparency, a commitment to empowering every voice on the service, and protecting freedom of expression and privacy under the rule of law.
London Mayor Sadiq Khan branded the clashes as unacceptable behaviour and called on the police to take action against the perpetrators.
Sri Lankan cricket legend Sanath Jayasuriya on Tuesday refused to comment on the International Cricket Council's charge of non-cooperation in an ongoing anti-corruption probe.
India working towards devising strategies to reduce global warming.
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