Govt issues SOPs for seeking nod to probe officials

The Centre has issued standard operating procedures (SOPs) for police officers to seek mandatory prior approval before conducting any investigation against allegedly corrupt public servants,......

Retired-babus taking up private jobs soon after retirement constitutes serious misconduct: CVC

Noting instances of retired officials taking up jobs in private sector organisations soon after their retirement, the Central Vigilance Commission on Thursday said acceptance of such an employment......

CVC recommends prosecution for 19 govt officials

The Central Vigilance Commission has recommended prosecution of 19 government officials, including six of Union Home Ministry, and advised penalty in 131 cases involving officers of public sector......

Two-day all India strike from Monday may hit essential services

Some of the essential services related to banking, transportation, railways and electricity are likely to be impacted during a two-day nationwide strike called by a joint forum of central trade......

FinMin's diktat to banks on selling insurance

Concerned over rising incidence of mis-selling, the finance ministry has directed heads of public sector banks to put in place strong mechanisms to avoid unethical practices for selling insurance......

PM's advisor on why NPAs of banks could rise

Prime Minister's key economic advisor C Rangarajan on Wednesday indicated banks may have to deal with higher non performing assets on account of poor economic performance. "NPA also increases......

CEOs get finmin shield over frauds by bank officials

With a view to protect prudent commercial decision of bankers, the government has taken a slew of decisions, including doing away with personal responsibilities of MD and CEO of PSBs for compliance......

CVC penalty: Bankers top the list

Officials of public sector banks topped the list of employees against whom the Central Vigilance Commission (CVC) has advised initiations of major penalty proceedings. Twenty officials of public......

NTPC, PowerGrid pull out of CWG sponsorship

The crisis-riden CWG has received a further jolt with two power PSUs, NTPC and PowerGrid, deciding to hold back their Rs 40 crore sponsorship money out of a combined committed sum of Rs 60 crore......