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An RBI Deputy Guv tells why banks should reveal true NPA nos

"When things are delayed, it only continues to fester in the system, " Deputy Governor N S Vishwanathan said.

central probe

Nov 23, 2019, 08.05 AM IST

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CENTRAL PROBE

PMC Bank probe finds another ghost account operator

​​These ‘ghost accounts’ are suspected to have been operated by entities with the knowledge of arrested bank officials, sources said. These accounts allegedly belonged to the Abchal Group, loans to which have turned bad, saddling the bank with a Rs 300 crore liability. Not much information seems to be publicly available on the Abchal Group or its promoters.

Wary of fraud, independent directors now probe before they leap

Independent directors fear that they may be implicated in a fraud even in cas...

Nearly seven lakh vacant posts in central government departments: Personnel Ministry

Based on the vacancies reported by the user departments,...

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  • The CGST department has arrested four persons for allegedly making false input tax credit (ITC) claims causing loss to the exchequer to the tune of at least Rs 400 crore.

    Information is reported annually by financial institutions which are then exchanged by India under the standard. The web portal will be a repository of policy and technical circulars, guidance and notifications issued by the CBDT, and provide links to relevant circulars and guidance issued by the regulatory authorities and other international bodies.

    The work is being carried under the centrally-sponsored Pradhan Mantri Gram Sadak Yojana (PMGSY), which is a mega flagship programme with the main objective of providing connectivity to rural areas. The programme is being implemented by the Public Works (Roads and Buildings) Department of the Union Territory.

    The report, tabled in both houses of Parliament this week, said 64,334 applications, which comes to 4.70 per cent of the 13.70 lakh applications received during 2018-19, were rejected. The first appeals before seniors against the decisions of RTI processing officers called Central Public Information Officers marginally declined from 9.72 per cent last year to 9.29 per cent in 2018-19.

    According to the Central Bureau of Investigation (CBI) case filed before a Ranchi special court, former deputy director R B Ram (now deceased) and the then KVIC executive Sunil Kumar allegedly entered into a criminal conspiracy with certain individuals and violated company procedures, including the General Financial Rules (GFR), and released payments to the tune of Rs 2.85 crore.

    US Acting Assistant Secretary for South and Central Asian Affairs Alice Wells on Thursday deemed China-Pakistan Economic Corridor (CPEC) not...

    Coal India (CIL) is planning to use drones to check illegal mining and pilferage. Its exploration arm, Central Mine Planning & Design Institute, recently tied up with Centre for Aerospace Research, Anna University of Chennai, for drone technology.

    China will step up credit support to the economy and push real lending rates lower, the central bank governor said.

    UP CM Yogi Adityanath has directed a forensic team to urgently inspect the site where the fire broke out. Late Monday, a fire broke out at the head office of UP home guard, destroying muster rolls containing details of attendance records of the personnel. The chief secretary and the director general of home guard department were asked to submit report.

    In public testimony before the House impeachment inquiry, Kurt Volker said he understands now, thanks to hindsight and the testimony of other witnesses, that Trump was using the aid to pressure Ukraine to investigate Biden's son, Hunter, and his role on the board of a Ukrainian gas company, Burisma.

    He further said both India and Europe also offer an opportunity to help kick-start economic growth in the world. "We have lots of opportunities together and I hope we can look for a greater engagement. We have both comparative and competitive advantages," he said. Goyal was addressing the India-Europe 29 Business Forum, organised by CII.

    Prosecutors in the central town of Tuzla said Tuesday the suspects with alleged links to Pramod Mittal are suspected of organized crime and abuse of position and authority. They say police have searched several locations looking for evidence. Mittal has been accused of syphoning millions from Bosnia's metallurgical coke producer GIKIL.

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