The proposed bullion bank can help settle gold loan accounts in gold terms, and promote existing gold schemes, along with launching schemes including gold-recurring deposits.
Samajwadi Party chief Akhilesh Yadav said his party would oppose the Centre's move to bring a bill in Parliament to amend the 1995 law governing Waqf boards, and accused the BJP of trying to snatch the rights of Muslims.
Nearly 650 people have been killed in the recent unrest in Bangladesh between July 16 and August 11, the United Nations Human Rights Office has said in a preliminary report, suggesting a thorough, impartial and transparent investigation into reports of extrajudicial killings, arbitrary arrests and detentions.
The ministry of information and broadcasting (I&B) on Wednesday held an inter-ministerial meeting with various departments to discuss issues regarding revenue sharing between Big Tech companies and digital news publishers, according to sources. The meeting - chaired by I&B Secretary Sanjay Jaju - invited senior officials from the ministry of corporate affairs (MCA), Competition Commission of India (CCI), ministry of electronics and information technology (Meity) and departments of promotion of industry and internal trade, legal affairs and consumer affairs.
We have been fine-tuning and improving the Defence procurement Procedure based on periodical reviews," he said while inaugurating the 5th International Land and Naval Systems Exhibition in New Delhi. "The current procurement procedure is also under review to make it more transparent and user-friendly," Antony said.
The Indian budgetary system has become more transparent over the years, with the government providing significant information on the Budget, a survey has said.
The West Indies Players' Association (WIPA) has accused the West Indies Cricket Board of failing to be transparent with the selection of teams for the opening matches of Pakistan's tour of the Caribbean.
'We take allegations of bias incredibly seriously, and want to make it clear that we denounce hate and bigotry in any form'
While Indian firms performed the best in fighting corruption, Transparency International has slammed Chinese companies for their opaque business practices.
Former Cricket Association of Bengal (CAB) treasurer Biswarup Dey has launched a fresh tirade against the Sourav Ganguly-led Cricket Association of Bengal alleging discrepancy in ticket distribution for the India-England ODI on January 22.
Delivering a thinly veiled message to Pakistan from its soil, External Affairs Minister S Jaishankar on Wednesday said activities across borders characterised by the 'three evils' of terrorism, extremism and separatism are unlikely to encourage trade, energy flows and connectivity.
Transparency International surveyed over 114,000 in 107 countries to check the prevalence of corruption in each of these nations and the results were startling.
Transparency International's Corruption Perceptions Index measures the perceived levels of public sector corruption in countries across the world.
The Transparency International survey found 69 per cent in India as saying they had to pay a bribe, followed by 65 per cent in Vietnam. China was much lower at 26 per cent while the same for Pakistan was 40 per cent.
The Insurance Regulatory and Development Authority of India (IRDAI) has asked life insurance companies not to advertise unit-linked plans as investment products in a recent circular.
In an interview with Rediff.com, Transparency International explains how the organisation collates its information, assigns ranks to various nations and tries to battle global corruption.
'We found certain banks having lakhs of such accounts with apparently no valid reason.'
Two months after a junior doctor was brutally raped and killed, the doctors' protest in Kolkata rages on.
A whopping $700 million (about Rs 3,700 crore) is paid annually as bribe in India for land administration services, a joint study by United Nation's body FAO and Transparency International has observed.
The tribal communities, asserting their rights under the Forest Rights Act, are now planning to gather in Delhi to demand "justice" for their livelihoods and traditions that are closely linked to the forests.
'Today, let us reaffirm our commitment to strive to realise Gandhiji's dreams. His watchwords, truth and nonviolence, will continue to remain relevant for the whole world. He also taught us that rights and duties are but the two sides of the coin - indeed, the true source of rights is duty. Today we recall his lessons in compassion too - compassion not only for our human neighbours but also for our other neighbours, namely, flora and fauna, rivers and mountains.'
Prime Minister Narendra Modi on Monday said India has made its policies transparent and predictable and clearly defined the procedures for businesses.
'Banks may find small ticket size lending economically unviable due to the cost of branch operations.'
India is pushing for greater disclosures by credit card companies, fintech firms, and payment aggregators (PAs) at the Financial Action Task Force (FATF), so that the sender and recipient in a cross-border financial transaction can be easily identified and the information shared with law enforcement agencies. Separately, the inter-governmental group, which sets standards to curb money laundering, will release the fourth round of its mutual evaluation report on India on September 19. FATF in June had adopted the mutual evaluation report on India and placed the country in the "regular follow-up" category - the highest rating given by the global watchdog and a distinction shared by only four other G20 countries.
'There is some deep rot that has set in the Congress party. This requires an organisational surgery.'
A task force set up by the Ministry of Electronics and Information Technology (Meity) for transforming India into an "electronic and semiconductor products" nation is on the verge of finalising its report, which is likely to recommend an allocation of Rs 44,000 crore between 2024 and 2030 to support homegrown companies in their quest to develop products and build global brands. The task force's recommendations include significant incentives: Rs 15,000 crore dedicated to electronic products (systems), Rs 11,000 crore for semiconductor products, and Rs 18,000 crore for various other incentives such as talent development, common infrastructure, logistics, and technology & IP (intellectual property) acquisition, a member of the panel revealed.
US Special Representative for Pakistan and Afghanistan Richard Holbrooke has promised "accountability" and "transparency" in America's civilian aid to Pakistan, a fortnight after a top Senator had expressed serious concern that the funds might end up in bank accounts of corrupt politicians and officials of the country.
The government is formulating guidelines on the use of ethylene oxide (ETO) in samples of spices for the domestic market and exports, people aware of the matter said, as it plans to step up efforts to make quality checks more stringent. ETO, a flammable, colourless gas, is typically used as a disinfectant. It is also used as a sterilising agent and an insecticide to reduce microbial contamination in spices. However, its use is considered carcinogenic, beyond permissible limits.
The index uses a scale of 0 to 100, where 0 is highly corrupt and 100 is very clean.
India's 10-year bilateral contract with Iran for the operation of Chabahar Port is likely to bring in an investment of approximately $370 million. This comprises a direct investment of $120 million from India for infrastructure development and a $250 million line of credit to Iran, Business Standard has learnt. With the $120 million committed for port development, India is set to procure advanced equipment, such as rail-mounted quay cranes, rubber-tyred gantry cranes (also known as transtainers), reach stackers, and forklifts.
Security agencies at Mumbai's Nhava Sheva port intercepted and seized the consignment of a Karachi-bound ship from China after it was found carrying a dual-use consignment with implications for Pakistan's nuclear and ballistic missile programmes.
'Not one single country, anywhere in the world, is corruption-free,' the report said.
'Are we to believe that coordinated moves by the Canadian and US authorities are no longer taking place?', asks Ambassador M K Bhadrakumar.
The CMS study said a majority of the bribe money went to lawyers (61 per cent) followed by court officials (29 per cent) and middlemen (five per cent).
The Central Information Commission (CIC) on Friday urged the Supreme Court-appointed Committee of Administrators running the Board of Control for Cricket in India to 'immediately initiate efforts' to look into the issues raised by historian Ramachandra Guha in his resignation letter.
Should not entertain him, must be removed: Bhaichung Bhutia criticises AIFF president Kalyan Chaubey for corruption, mismanagement
'Will President Dissanayake calibrate his foreign policy taking into account India's immediate security concerns? We need to watch.'
The Reserve Bank of India (RBI) has recognised the Fintech Association for Consumer Empowerment (FACE) as a self-regulatory organisation (SRO) in the fintech sector, the central bank announced on Wednesday. The banking regulator received three applications for fintech SRO. Of the remaining two applications, one has been returned by the RBI with a provision for resubmission after meeting specific requirements, while the third application is still under examination, said Governor Shaktikanta Das at the Global Fintech Fest in Mumbai.
Fourteen-time Grand Slam champion Rafael Nadal believes his call for all his anti-doping tests throughout his career to be released to the public is the only way to end the scourge of doping accusations in tennis. Nadal filed a lawsuit against former French sports minister Roselyne Bachelot on Monday after she accused him of covering up a failed drugs test. The Spaniard then requested that the International Tennis Federation release the results of his anti-doping tests throughout his career and in the future. "My philosophy is easy to understand. I believe in my sport, that is the most important thing, I believe my rivals are clean, our sport is clean and I believe in our anti-doping programme and it is independent one," Nadal said on Sunday. "The sport should be clean and must look clean. In my opinion it is much better for the transparency of the sport in general to say Rafa Nadal is doing an anti-doping control today, the result will be in two weeks and in two weeks you publish the results, the anti-doping control is negative. "That will be much easier for everybody, it should be much easier for the world of sport and for sure will be easier for you guys (the media).
'...We should first look at and acknowledge what we have done to ourselves.' 'To not do so opens us to the accusation of rank hypocrisy and also reduces the stature of our globetrotting peaceniks,' asserts Aakar Patel.
