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Reserve Bank of India

Mumbai -To fix whistleblower, bank moves from verse to worse

ALOK DESHPANDE, The Hindu, June 13, 2013  The Hindu–Embarrassed by revelations about its curious dealings with corporate clients, the Bank of Maharashtra has declared war on whistleblowers. File photo Union leader Devidas Tuljapurkar faces victimisation and possible dismissal by the… Continue Reading →

Credit Card issuers in a fix over Aadhaar #UID

     Mayur Shetty, TNN | Jun 12, 2013, 06.48AM IST   MUMBAI: Credit card issuing banks are in a fix over Reserve Bank of India‘s move to consider Aadhaar as an additional factor for authentication of credit card transactions in shops. The reason – a… Continue Reading →

Cash for vote? #Aadhaar #UID

   REETIKA KHERA, Frontline   The government’s headlong rush to Aadhaar-linked payments for welfare schemes is bound to lead to their disruption and the exclusion of people who need them. SAJJAD HUSSAIN/AFP  Residents of the village. The Kotkasim experiment had… Continue Reading →

#India- Now, penalty for paying credit card dues by cheque! #RBI #WTFnews

  SUCHETA DALAL | 12/03/2013 , Monelylife, Exclusive In a mockery of RBI‘s independence, a lowly under-secretary of Dept. of Financial Services has issued a fatwa to government banks to penalise you if you pay your credit cards due by cheque! The under-secretary got… Continue Reading →

#India- The Vanishing Crores- massive swindling in the Rs74,000-crore farm loan waiver

      Devinder Sharma, March 7, 2013:   The financial outlay is not matching the outcome. If institutional credit is not reaching the farmers, where is it going?     Following the disclosure by the Comptroller & Auditor General… Continue Reading →

#India- Your Aadhaar data is being misused by banks #mustshare #privacy #UID

Couple in Colaba were shocked when a bank sent a letter to their 10-yr-old daughter, without their knowledge or consent, saying an account had been opened in her name with details taken from UID January 24, 2013 MUMBAI Naveen Nair… Continue Reading →

“Aadhaar” of Direct Cash Transfer is more of assumptions, less of ground-level realities #UID #MUSTREAD

14 DEC, 2012, The government announced that from January 2013, 51 districts of the country would be subjected to Aadhaar– based direct cash transfers (DCT). We need some basic answers before we get to term the initiative as a game-changer…. Continue Reading →

EXCLUSIVE – How Wal-Mart got a foot in the door of India’s retail market

Wed, Dec 05 By Nandita Bose MUMBAI (Reuters) – Wal-Mart Stores Inc (WMT.N) prepared its entry into India‘s supermarket sector in 2010 with a $100 million investment into a consultancy with no employees, no profits and a scant $14,000 in… Continue Reading →

RBI to banks: Don’t deny education loans based on location #goodnews #mustshare

by FP Staff Nov 9, 2012 If you are a student, looking for an education loan, you have some good news. Well almost. The Reserve Bank of India (RBI) in it’s notification has warned banks to not reject education loans to students… Continue Reading →

Anonymous India Calls for Non-violent Protests Against Censorship

Added 29th May 2012 John Ribeiro The Indian arm of Anonymous is planning what it describes as non-violent protests against Internet censorship in various Indian cities, after some Internet service providers blocked file-sharing sites in the country. The protests, planned for June 9, follow… Continue Reading →

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