KC Chakrabarty

Timelines
Indian banks reported one fraud every hour in FY17: Report

03 Apr 2018

Indian banks reported one fraud every hour in FY17: Report

According to a report by proxy advisory firm Institutional Investor Advisory Services (IiAS), there was at least one case of fraud committed every hour on an average in Indian banks during the financial year 2017.

Government may allow 100% FDI in banking: Report

17 Jan 2018

Government may allow 100% FDI in banking: Report

After allowing 100% FDI (Foreign Direct Investment) in aviation, single-brand retail, and construction, the Centre is now considering to hike the FDI limit in the banking sector to 100%.

PSB Consolidation: Cabinet gives nod to merge state-owned banks

24 Aug 2017

PSB Consolidation: Cabinet gives nod to merge state-owned banks

Taking another step towards consolidation of public sector banks (PSBs), the Union Cabinet approved an "Alternative Mechanism" for constituting an inter-ministerial panel for overseeing the mergers of 21 state-run banks.

Mamata to compensate workers who lost jobs due to demonetization

12 Feb 2017

Mamata to compensate workers who lost jobs due to demonetization

West Bengal Chief Minister Mamata Banerjee said she would provide a one time assistance of Rs.50,000 to anyone who lost his/her job due to demonetization.

Modi, Nitish Kumar ties warming up post note-ban

05 Jan 2017

Modi, Nitish Kumar ties warming up post note-ban

Sources stated that relations between PM Modi and Nitish Kumar have drastically improved after the demonetization scheme; Nitish Kumar is the only opposition leader to support the demonetization scheme.

Political parties not exempted under tax rules: Jaitley

18 Dec 2016

Political parties not exempted under tax rules: Jaitley

Arun Jaitley said political parties weren't allowed any exception post demonetization.

Modi blunts Mamata's attack, others oppose demonetization

21 Nov 2016

Modi blunts Mamata's attack, others oppose demonetization

PM Modi stated politicians under whom chit-fund scams prospered were now raising a finger at him even as the decision was not taken to trouble anyone; it was an apparent reference to the chit-fund scam linked to the TMC.

Stormy Parliament's Winter Session predicted as nation faces cash crunch

16 Nov 2016

Stormy Parliament's Winter Session predicted as nation faces cash crunch

The political war over demonetization of Rs.500 and Rs.1000 currency notes is set to shake the Parliament during the winter session.