In A Year, Bank Fraud Doubles

  Bangalore: In May 2015, the Reserve Bank of India (RBI) set up a Central Fraud Registry to check growing bank fraud. After this, the Prime Minister’s Office called a meeting to review the fraud-detection system, a clear indication that the government was worried.   It was more than just a bunch of bounced cheques. … Continued

Over 3 Years, 60% Of Children Adopted Were Girls

  Bangalore: In a society obsessed with the male child, more and more childless Indian couples—and single parents—are opting to adopt girls.   The trend is nationwide, and at the forefront of this change are the states of Maharashtra, Andhra Pradesh and Tamil Nadu. Even bastions of patriarchy, such as Uttar Pradesh and Haryana, are … Continued

How Fixing Air India Can Help India

  New Delhi: India’s national carrier Air India, the brand that today encompasses both the erstwhile Indian Airlines and Air India, has posted a loss (Rs 5,547 crore) for the eighth successive year since its merger in March 2007.   The accumulated loss is now more than Rs 44,000 crore ($7.3 billion)–equal to India’s annual … Continued

BSNL: Big Losses, But Can India Live Without It?

  New Delhi: Once India’s leading telecommunication giant and among its most-profitable state-run companies, Bharat Sanchar Nigam Limited (BSNL) has posted a loss for the fifth straight financial year.   BSNL lost Rs 3,785 crore during 2014-15, according to provisional data released by the government. The accumulated loss of BSNL has now swelled to about … Continued

Subsidies To 234 Stagnant State Companies Double, Now $30 Bn

  Delhi doubled subsidies to 234 centrally run public sector units (PSUs) over three years to about Rs 1.73 lakh crore ($30 billion), but a new analysis of their finances indicates a 4% fall in profits at constant prices and—with inflation factored in—zero growth.   The subsidies are enough to fund the Mahatma Gandhi National … Continued

3 of 4 Companies Adulterating, Misbranding Food Go Unpunished

Source: Boomlive.in   Three of every four companies found guilty of misbranding or selling adulterated food products get away without any punishment, according to health ministry records, even as Nestle India and the instant-noodle industry continue to suffer what now appears to have been an exaggerated scare over contaminants.   Canada, UK, Hong Kong and … Continued

30% IPS Officers Ignore Property Disclosure

President Pranab Mukherjee with IPS probationers in New Delhi on December 13, 2012. Image: PIB.   New Delhi: More than 30% officers of Indian Police Service (IPS) and about 15% officers of Indian Administrative Service (IAS) have not disclosed details of their immovable property for the year 2014, according to government data.   The All-India … Continued

Rs 0: Spent By 55% Lok Sabha MPs On Constituencies

Home Minister Rajnath Singh is one of the many MPs who haven’t touched their constituency development funds.   A year after they took office, 298 of 542 members of the 16th Lok Sabha–India’s lower house of parliament–have not spent a rupee from the Rs 5 crore that is set aside annually for them to develop … Continued

Smartphone Use Soars, So Do Smut-Sharing Crimes

  New Delhi: Early this week, the Mumbai police registered a case against “unknown persons” for leaking a nude clip of actor Radhika Apte. Part of a 20-minute film directed by Anurag Kashyap, the clip went viral on instant-messaging application WhatsApp.   Source: National Crime Records Bureau In concert with India’s smartphone proliferation, cases related … Continued