Regulation

CBI charges former PNB head, 21 others in bank fraud case

PNB, India's second-largest state-run bank, had revealed earlier this year that two jewellery groups had defrauded it by raising credit from overseas branches of other Indian banks using illegal guarantees issued by rogue PNB staff over several years.

May 15, 2018

Say goodbye to airplane mode: In-flight Wi-Fi coming soon in Indian airspace

India's Telecom Commission is set to approve the much-awaited proposal at its next meeting scheduled on May 1.

Apr 19, 2018

H1-B visa applications down again but way more than annual cap

The U.S. Citizenship and Immigration Services received 190,098 H-1B petitions during the filing period, down from 199,000 applications in 2017.

Apr 13, 2018

Mutual fund investors beware! Your asset manager may be overcharging you

SEBI's recent study revealed that fund managers have overcharged mutual fund investors as much as Rs 1,500 crore in the last five years.

Mar 28, 2018

bank, canara bank, can bank, canfin homes, canara bank rights issue, bank stocks

Canara Bank shares tumble as ex-chairman booked in loan fraud case

'Funds were siphoned off through a chain of alleged bogus transactions facilitated by fake sister concerns, family members and bank officials'

Mar 20, 2018

If loosely governed PSBs drain public money, they should be privatised

Most bank frauds happen at PSBs. Vast majority of NPAs are from the PSBs. The least profitability is reported from PSBs. And they are the least governed as well.

Mar 19, 2018

7th Pay Commission: Government may offer salary hikes beyond recommendations

7th Pay Commission latest update: The fitment factor is expected to be hiked to 3.00 from the current 2.57 beyond the recommendations of the 7th Pay Commission.

Mar 19, 2018

Relief for Pensioners as Government likely to double monthly minimum pension payments

Government is mulling over increasing the payment from Rs 1000 per month under the Employees Pension Scheme (EPS) of the Employees Provident Fund Organisation (EPFO).

Mar 16, 2018

rbi, rbi mpc meeting, rbi bi monthly meeting on april 6, sensex reacts to monetary review meeting, rbi growth projections, rbi governor urjit patel

RBI's scrapping of Letter of Undertaking may choke trade funding

'Sourcing of trade funding has already become difficult for players in the gems and jewelry segment'

Mar 14, 2018

PNB fraud: All state-run banks exposed to Rs 12,000 crore scam

In the light of the Punjab National Bank scam, the Reserve Bank of India has started a special audit of public sector banks.

Mar 12, 2018

Fire at Chennai Airport's ATC Room Affects Operations; Flights Re-Routed

UDAN Version 2: Details about Regional Connectivity Scheme's overseas flights

Announcement of UDAN version 2 comes at a time when major Indian carriers are expanding fleets to connect smaller cities.

Mar 9, 2018

PNB requests relief from RBI: Occasional expose is feted, but justice never served

The daring bank heist executed in an unbelievably simplistic manner will now become the subject of complex arguments at various courts.

Mar 9, 2018

Dearness allowance hiked by 2 percent for government employees, pensioners

The Dearness Allowance (DA) hike is done using an accepted formula, which is based on the 7th Central Pay Commission Recommendations (CPC).

Mar 8, 2018

SSC paper leak: Government orders CBI probe amid student protests

A large section of the students who appeared for an SSC paper on February 21 claimed that the questions had been leaked and that there was widespread cheating.

Mar 5, 2018

income tax, demonetisation, cash deposits in banks, rs 2.5 lakh, cbdt chief, black money, pm modi, india news

PNB, UBI and SBI top the list of employees whose prosecution was permitted by CVC from 2015 to 2017

SBI also tops the list of people who were convicted, dismissed or penalized in cases of fraud that did not reach the Central Vigilance Commission (CVC).

Feb 28, 2018