A top Reserve Bank of India official had waved the red flag, a year back, regarding the SWIFT messaging system. SWIFT was used in a fraud amounting to Rs 11,000 crore at a Punjab National Bank branch that benefited billionaire diamond jeweler Nira
Delhi chief secretary Anshu Prakash’s claim that he was manhandled by Aam Aadmi Party (AAP) lawmakers in the presence of Delhi chief minister Arvind Kejriwal has kicked up a storm. Here is what transpired on Monday night and the ev
The Right to Information (RTI), used efficiently, could have helped activists and bankers expose irregularities much before they snowballed into full-fledged scams – the one at Punjab National Bank (PNB) being only the latest example.
The large-scale fraud perpetrated on Punjab National Bank has hit its rating. Fitch Ratings has placed its Viability Rating of `bb` on Rating Watch Negative (RWN). The rating firm said it will resolve the Rating Watch “once more clarity emer
The dazzling diamond trade has been hit hard by the Nirav Modi episode, which saw the billionaire jeweller flee India just before a massive fraud amounting to Rs 11,000 crore was detected at a Punjab National Bank branch in Mumbai.
PM Narendra Modi on Sunday laid the foundation stone for Rs 16,700 crore Navi Mumbai International Airport. The first phase of the construction is expected to be completed by December 2019. The project is going to be implemented 21 years after it
Health groups have expressed their disappointment with a February 12 order of the supreme court, refusing to review or recall an earlier order disposing off a case against the mala fide suspension of the vaccine public sector units (PSUs) and gove
The Punjab National Bank`s fraudulent transactions worth Rs 11,300 crore should act as a strong trigger for the government for reducing its stake to less than 50 percent in the banks which should then be allowed to work on the lines of private sec
Billionaire jeweller Nirav Modi, whose properties are being searched after Punjab National Bank reported a massive fra
“Gender based discrimination is worldwide and not alone in India. Offences against women are much more severe in cases of international trafficking, forced prostitution and pornography, women including migrant and refugee women face double b
Instituting Universal Basic Income (UBI) requires public support spanning demographic lines, executive backing, and strong macroeconomic fundamentals. Weaken any leg of this tripod, and the redistributive preferences of any government may shift in
Investigating agencies are looking for Nirav Modi, a billionaire jeweller, after Punjab National Bank reported a massive fraud of Rs 11,000 crore at a branch in Mumbai. The story so far: Nirav Modi is
India has not been able to tackle anaemia among women and children despite launching a targeted programme nearly 50 years back. National Nutritional Anaemia Prophylaxis’s programme (NNAPP) was launched in 1970 to prevent nutri
After every major accident Indian Railways claims that it would intensify efforts to fill safety category vacancies to reduce the count of fatal accidents. But data shows something else and reveals railways’ callousness toward
National and regional parties collected a total of Rs 1503.21 crore and incurred a total expenditure of Rs 494.36 crore towards the five state assembly elections held in 2017, observed the Association for Democratic Reforms in its analysis of fund
The Reserve Bank of India (RBI) has informed that from country-wise data on ratio of non performing loans to total gross loans available on the International Monetary Fund database, it is observed that the ratio for India compares adversely with t
A staggering 35 percent out of all 31 chief ministers analysed from state assemblies and union territories 11 chief ministers have declared criminal cases against themselves, said Association for Democratic Reforms (ADR) & National Election Wa
Municipalities in India have a long way to go in gaining access to buoyant revenue sources from states, utilising such revenue sources optimally through effective assessments, billings and collections, discovering and implementing cost recovery me
India has made it clear that it would not put the Maldivian crisis under the carpet. This was apparent when New Delhi turned down Male’s request to allow president Abdulla Yameen’s special envoy and foreign minister Mohamed Asim to v
There is a minor shortfall in central government’s revenue following the implementation of GST, finance minister Arun Jaitley informed parliament. He said that at the aggregate level, the states are getting their
