On the heels of the Great PNB Fraud comes three more frauds which the banks are now rushing to divulge to the investigating authorities. These are just the tip of the iceberg most likely as public sector banks are routinely milked by the rich and powerful in collusion with corrupt bank officials.
The ED has frozen diamantaire Nirav Modi's bank account and shares worth Rs 43 crore even as the CBI raided his Mumbai-based Kamala Mills firm and seized documents regarding the Rs 11,300 crore Punjab National Bank fraud probe.
In a move that is likely to hit Indian IT firms and their employees, the Trump administration has announced a new measure that makes it tougher to issue H-1B visas to those to be employed at one or more third-party worksites.
A retiring Supreme Court Judge has stressed the need for projecting a united face of the higher judiciary in India, cautioning that a fractured face would only dent its credibility and paramountcy.
India and Canada have resolved to combat terrorism and violent extremism in all forms and manifestations and agreed that no country should allow its territory to be used for such activities, an agreement that came during the weeklong visit by Prime Minister Justin Trudeau that was marked by controversies over the perceived softness of Canada towards Khalistani separatists on its soil.
The conflict between Centre and state is snowballing into a major crisis with the Delhi police ‘raiding’ the house of Chief Minister Arvind Kejriwal apparently to investigate the alleged assault of the Chief Secretary Tuesday midnight after which the executive has been up in arms and refused to work to talk to the elected representatives.