Daily Archives: August 7, 2018

One-third of PSBs remain headless

PM-led panel yet to appoint CEOs One-third of public sector banks remain headless as a Prime Minister-headed panel is yet to clear the CEO appointments. The chief executive officer post at three PSBs remain vacant for more than seven months. On July 31, two more PSB CEOs — Rakesh Sharma …

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‘RBI must resume issuing LoUs, LoCs’

Discontinuation of the facility has resulted in 2-2.5% increase in cost of credit: Parliamentary panel The Reserve Bank of India’s decision to discontinue the issuance of Letters of Undertaking (LoU) and Letters of Credit (LoC) for trade credit was a “knee-jerk reaction” to the Punjab National Bank fraud case and …

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The economics of tax havens

Tax havens, which help rich corporations and businessmen avoid paying high taxes on their income, have been vilified for supporting the illegal accumulation of wealth. Organisations like Oxfam have often characterised tax havens as “anti-poor” since they help the rich avoid paying taxes to governments. Several governments have also come …

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Dangerous rhetoric

Political parties must stop feasting onthe complexities of Assam’s demography In the week since the final draft of the National Register of Citizens in Assam was completed, the political rhetoric has got irresponsibly away from the issue at hand. Those associated with the preparation of the NRC, including its Supreme …

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Thirty years after the 8888 uprising

Myanmar’s stability and development depend on how the issues of equality and federalism are addressed August 8 marks the 30th anniversary of the people’s uprising in Myanmar. The ‘8888’ uprising (or the eighth day of August 1988) is one of Myanmar’s most important historic days in the context of the …

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Our privacy’s worth

A response to some criticism of the Srikrishna Committee report In “A fundamental error” ( The Hindu , August 1), Apar Gupta and Ujwala Uppaluri allege that the Srikrishna Committee has undermined and reinterpreted the legal principles in the right to privacy judgment. Neither the report nor the Bill does …

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The essentiality of mosques

Why the Supreme Court needs to reconsider the Ismail Faruqui verdict The importance of mosques in Islam has come into focus again. During the hearing of the Babri Masjid case, advocate Rajeev Dhavan asked the Supreme Court to reconsider its judgment in Ismail Faruqui v. Union Of India (1994). The …

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Rebooting the system for a skills upgrade

There needs to be a road map to rescue private Industrial Training Institutes from their weak state Small shops, basements, tin sheds and godowns. These are not random workplaces but places where private Industrial Training Institutes (ITIs) are running in the country. Disturbing facts such as these come from the …

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Syria to set up refugee committee

Syria’s government is to set up a committee to coordinate repatriating millions of its nationals who fled the country’s seven-year conflict, state media has said. The Cabinet on Sunday “agreed to create a coordination body for the return of those displaced abroad to their cities and villages,” state news agency …

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