Congress members in the Joint Parliamentary Committee looking into the 2G scam today sought to turn tables on the Bharatiya Janata Party by raising questions as to why the then Finance Minister Jaswant Singh approved a proposal of the Telecom Ministry in 2003 on reduction in licence fee without examining its financial implications.
Siva Group had mandated JM Financial to hunt for a buyer, but investors shied away from the Indian telecom industry.
Sniping at the Congress, the Bharatiya Janata Party on Sunday said its rally in New Delhi was intended to create a false bravado for the demoralised cadre of the ruling party which has failed to address serious concerns over corruption and multiple scams.
Central Bureau of Investigation is investigating the Saradha ponzi scam.
PMC Bank depositors have spent the last one year holding protests, meeting politicians, writing to various authorities in an effort to get their hard-earned money back.
Jumping to the rescue of former Uttar Pradesh chief minister Mayawati following allegations of her involvement in the NRHM scam, the Bahujan Samaj Party said that though she held the family welfare department for two years she had no role in granting funds under the NRHM.
He said he requested the prime minister to be 'magnanimous' towards the people of Andhra Pradesh.
The ED on Monday also examined the state-owned bank's executive director K V Brahmaji Rao to understand how the alleged fraud was detected and other banking procedures.
The Parliamentary Standing Committee on Finance's meeting comes against the backdrop of CBI probing the Saradha scam in which thousands of crores or rupees of gullible investors were allegedly swindled.
The government on Friday sought to drag in the National Democratic Alliance regime into the Commonwealth Games mess.
Struggling to make ends meet, the railways have demanded a doubling of gross budgetary support from the government.
62-year-old Gupta appeared in Manhattan federal court but it was not immediately known what charges have been slapped against him by the prosecutors.
However, the road to profitability has already hit some hurdles for the Delhi-based bank as the Union government has rejected its demand for an additional capital infusion of around Rs 8,000 crore in 2018-19
Shah and Javalgekar were arrested on May 7.
Vagela could not have reached this position if Narendra Modi, who'd known him from his chief minister days, had not backed the choice.
CBI conducted raids at over two dozen places including those of senior officials of SBI Mutual Fund, UTI and broker Ketan Parekh for allegedly duping the financial institutions of crores of rupees in the latest stock market scam.
Three veteran investors, who, have braved the bad times, give their advice to retail investors.
The MNS has convened a meeting of party office-bearers on Tuesday in Mumbai to discuss the issue.
The party -- happy that the government has accepted its demand for a parliamentary probe into the 2G scam -- might not obstruct most of the important Bills the government would present in this session, said senior BJP leaders.
The two states account for 24% of total accounts opened under financial inclusion scheme.
PNB issued a formal appointment letter to Belgium-based consultancy firm BDO
Banks will also have to seek borrower's status report from Central Economic Intelligence Bureau on the account turning NPA
The bank has one of the highest current account savings account share, stable credit quality, robust credit growth, adequate capital and low cost-to-income ratio, said PNB chief Sunil Mehta.
PwC one of the big four audit firms, has expressed disappointment at the conviction of two former partners in the Satyam scam.
A special court trying the multi-crore Satyam accounting fraud today dismissed the petition of three accused in the scam seeking postponement on hearing of charges against them.
Joshi was again nominated by his party following which Lok Sabha Speaker Meira Kumar has reappointed him as chairman of PAC which is responsible for conducting the financial audit of various departments and ministries.
She was the managing director and the CEO of PNB since August 14, 2015 before being appointed in Allahabad Bank on May 6, 2017.
This is one of the many such cases that helped to create an acute fear psychosis among public sector bankers, reveals Tamal Bandyopadhyay in his fascinating new book Pandemonium: The Great Indian Banking Tragedy.
The information about senior army officers facing allegations of corruption is "voluminous" and its disclosure would not serve any "public interest", the force has said.
There is no duplication in simultaneous investigations being done by CBI and Enforcement Directorate into the multi-crore Satyam Computer scam, Corporate Affairs Minister Salman Khurshid said on Thursday.
Manoj Vaish on Saturday took charge as Managing Director and CEO of the country's leading commodity exchange MCX that is under the regulatory glare following troubles at the promoter group.
Vijay Desai had been absconding for nearly one-and-a-half years, SIT sources said, adding that he was being grilled.
Inflation, rate pressure and scams dampen mood, though demand remains strong.
What was the RBI doing, what was the PNB top management doing, what were the auditors doing, asks Debashis Basu.
Strongly refuting allegations of financial irregularities in the Commonwealth Games, Organising Committee chairman Suresh Kalmadi said that there was total transparency in all the deals and "every pie is accounted for".
The Andhra Pradesh High Court on Tuesday granted bail to B Rama Raju, former managing director and brother of B Ramalinga Raju (the disgraced founder of Satyam Computer), and three others accused in the over Rs 7,600-crore (Rs 76 billion) Satyam scam.
The sessions court on Thursday extended the police custody of the Financial Technologies and Multi Commodities Exchange (MCX) promoter Jignesh Shah and former managing director and chief executive of the commodity exchange Shreekant Javalgekar till May 19.
'What we are actually missing in India is a platform wherein the government engages with cybersecurity experts, gets them employed and then utilises their capability to deter such attacks.'
Shortly after arrest, BJP state headquarters in Kolkata was attacked allegedly by members of TMC student wing.
The government on Thursday said it expected Rs 800-1,000 crore (Rs 80-100 billion) to be recovered from liquidation of the assets of late stock broker Harshad Mehta who was convicted in the stock market scam of 1990s.
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