The demonetization of currency notes late last year has doubled the number of card transactions and helped push India’s payment digitisation by three years, State Bank of India said in a note. “Even after seven months post demonetization, the transaction value is quite large and approximately double of what it had been corresponding month last […]
Axis Bank said eight of the 12 big defaulters highlighted by the Reserve Bank of India in its June 15 circular owed over Rs 5,000 cr to the bank. The RBI had given a list of 12 large accounts which together owed about 25% of the total bad loans of Indian banks. The total bad […]
Demonetization of 500- and 1000-rupee notes hurt the real estate sector in North India, while its impact on the sector in South India was negligible, according to Magicbricks’ PropIndex for Jan-March 2017. The report, brought out by the eponymous real estate classifieds site, also found that the builders were more willing to reduce prices in the aftermath of […]
Estranged Aam Aadmi Party leader Kapil Mishra said he will file a police complaint against Arvind Kejriwal today. The rebel AAP leader has accused the party supremo of taking bribes and acting like a dictator within the party. “It is with a heavy heart that I am doing this,” Mishra said, while reading from a […]
The Supreme Court has dismissed the government of India’s stand that it cannot appoint the Lokpal as there was no leader of the opposition. The court’s decision came on a bunch of petitions seeking the appointment of a Lokpal is likely to lead to the first ever appointment of an anti-corruption ombudsman in the country. […]
[polldaddy poll=9732930] Former compatriot and head of Aam Aadmi Party Maharashtra, Mayank Gandhi has assailed Arvind Kejriwal in an acerbic letter that traces the AAP leader’s rise and fall over the last five years. Gandhi, who left the organization after founder members like Yogendra Yadav and Prashant Bhushan were “humiliated and expelled” three years ago, […]
Glaucus Research Group, a California-based short seller, said it was selling Hong Kong-listed developer Fullshare Holdings due to peculiar trading patterns seen in the stock’s counter. “Fullshare is supposedly a commercial and residential property developer, but this business is tiny compared to its market capitalization. In FY 2016, Fullshare generated a paltry RMB 132 million […]
The Prime Minister’s office today said the government has not appointed a Lokpal at the center yet as there is no leader of the opposition in the Lok Sabha. According to the Lokpal and Lokayuktas Act passed in 2013, the center is supposed to appoint a Lokpal as an ombudsman for corruption related issues. “The […]
Over one-fifth of all food samples tested in India’s government labs in the last year were found to be fake or adulterated, according to numbers compiled from various state government food testing facilities by union government’s department of consumer affairs. Exempting Gujarat, which accounted for nearly 23% of the samples, the total percentage of fake and adulterated […]
Exemptions to the National Eligibility cum Entrance Test cannot be given to any place or zones inside India as a common entrance test is required under the law, Faggan Singh Kulaste, junior minister in charge of health and family welfare said. “Section 10D of Indian Medical Council Act, 1956 prescribes conducting of a uniform entrance examination namely […]
Punjab National Bank, the third largest public sector bank in India, and smaller cousin Corporation Bank can teach bigger siblings like State Bank of India and Bank of Baroda a thing or two about going after big loan defaulters, an analysis of Reserve Bank of India data shows. In the last four years, these two banks […]
The Calcutta High Court has handed over the investigation into the sting operation conducted by ‘Narada News’ to the Central Bureau of Investigation. The agency has been told to complete a preliminary investigation within 72 hours. The move follows complaints that the state police faced a conflict of interest in investigating the tapes, which purportedly […]
States ruled by the National Democratic Alliance have taken the lead in implementing digital ration shops with the introduction of electronic point of sale machines, while non-NDA states have lagged behind in introducing this crucial anti-pilferage measure, data obtained from the food and consumer affairs ministry showed. Out of the seven states that have introduced the system, five […]
An umbrella group of anti-corruption groups will conduct a ‘Ghotala Yatra’ or ‘Scam Procession’ at Delhi’s Mandi House area tomorrow. The rally, with the cry ‘freedom from corruption’ will start at 11 AM and be followed by a sitting protest at Jantar Mantar — the traditional venue for protests in the capital. Among the organizations […]
The average Uttar Pradesh MLA saw their wealth increase by 82% in the five years during their tenure in the state assembly from 2012 to 2017, an analysis of their wealth submissions by Association for Democratic Reforms found. The analysis was based on the filings made by 311 of the 404 existing members of the […]
The Supreme Court has today agreed to hear a petition that seeks to ban anyone who has been charge-sheeted in a criminal case from contesting elections in India. BJP leader Ashwini Upadhyay, who is among one of the most prolific filers of public interest litigation in India, is among those who had filed such petitions […]
Sand miner Shekar Reddy has been arrested, two weeks after the seizure of crores of rupees and gold in an income tax raid. The arrest has come hours after Income Tax officials conducted a raid on Tamil Nadu’s top bureaucrat chief secretary P Rama Mohana Rao at his home. It was speculated that Rao’s home […]
The Reserve Bank of India said that any person who continues to hold old notes of 500 and 1000 rupees in bulk will get only one more chance to deposit them into bank accounts and will also have to provide an explanation for the delayed deposit. “Tenders of SBNs in excess of ₹ 5000 into […]
BSNL Chairman and Managing Director Anupam Shrivastava blamed delays in procuring key equipment for the present backward condition of the state-owned telecom operator. The company, which was once profitable and dominated India’s telecom sector, has run up huge losses in the last several years, while private telecom companies have reaped tens of thousands of crores […]
BSNL Chairman and Managing Director Anupam Shrivastava said the recruitment of Junior Engineers (JEs) into the telecom company has been frozen by the Department of Telecom on the basis of complaints. “It is being held up by the Department of Telecom… due to complaints,” Shrivastava said in response to questions by candidates who have qualified […]
