As the circumstances demands, hundreds of sarpanches in Telangana have submitted their resignations to the governing BRS in protest of the alleged misappropriation of monies intended for gram panchayats as they in acute debt. Every succeeding administration has put up plan after plan to “rescue” the indebted gram panchayats, but none of them appears to […]
Category: Finance & Banking
The ‘Indian Banks Frauds’ Exposed In ‘Delloite Hyderabad’ Study
The shocking information comeout in a recent survey. According to the third edition of Deloitte Hyderabad Banking Fraud Survey, about 84 per cent of survey respondents pointed to a substantial rise in fraud incidents. Rounding off the year of India’s biggest banking fraud on state-run Punjab National Bank (PNB), British professional services multinational Deloitte said […]
No Salaries Since 13 Months For Ambedkar Open University Staff In Andhra Pradesh
The 72 study centres and 13 regional coordination centres of the open university are functioning in Andhra Pradesh with funding from the state government and getting no salaries since an year above. Dr B.R. Ambedkar Open University staff and academic councillors, including contract employees, have not been paid their salaries for the past 13 months […]
Infamous Heera Group’s Nowhera Shaikh Vow To Repay To All Biz Investors
Soon after her release fron jail on Supreme court’s conditional bail, this was Nowhera Shaikh’s first press to reveal her future intentions and plans. She made it clear on investor repayment and reopening of her closed businesses again with a bang. Dressed in a black burqa with a matching hijab which had diamonds embroidered on […]
Why Outage In OTP Services Continues In Banking, E-commerce And Aadhaar Sectors?
The sudden disruption of OTP services hampered the banking, E-commerce and Aadhar services, many suffered from transactions, payments, biometric and payment processes. Lakhs of mobile phone users continue to face disruption in receiving one-time-passwords (OTP) after Telecom companies on Monday, 8 March initiated the implementation of Telecom Commercial Communications Customer Preference Regulations (TCCCPR), impacting a […]
Why ‘Banks’ Are Giving ‘Loans’ To ‘Risky Customers’ With ‘Low’ Credit Scores?
Getting an unsecured personal loan has become easier than ever in India. Lending practices have eased over the past two or three years, experts say, due to three reasons: more banks pursuing retail customers as corporate loans turn soar, proliferation of non-banking financial companies (NBFCs), and the advent of online lending platforms (fintech companies) catering […]
Where Is Modi Govt’s Financial Inclusion Of ‘Jan Dhan Yojana’ With Poor India?
The BJP government published an infographic on the 48-months portal that makes three claims about the Jan Dhan Yojana. This article is a fact check of these claims. What is the Jan Dhan Yojana? According to the official website, ‘the Pradhan Mantri Jan Dhan Yojana (PMJDY) is a National Mission on Financial Inclusion encompassing an […]