Gkseries Editor

The Reserve Bank of India has revealed that over 6,800 cases of bank fraud involving an unprecedented ₹71,500 crore were reported in 2018-19. This is 74% higher than the amount involved in 5,916 such cases reported in 2017-18. Anti-corruption watchdog Central Vigilance Commission (CVC) made an analysis and reported on top 100 frauds. The bank frauds were categorised and analysed for 13 sectors,

ONGC, India’s top oil and gas producer, has toppled Indian Oil Corp (IOC) to regain crown of being the country’s most profitable public sector company. According to earnings statements of the listed companies, Oil and Natural Gas Corp (ONGC) reported a 34 per cent jump in its 2018-19 fiscal net profit to Rs 26,716 crore.

Generalized System of Preference (GSP) is the largest and oldest US trade preference programme. India was the largest beneficiary of the GSP programme in 2017 with $5.7 billion in imports to the US given duty-free status. Reason for US withdrawing India’s GSP benefits: The move was taken on determining that India has not committed to provide

Lawspet legislator V.P. Sivakolundhu took over as the Speaker of the 14th Assembly on Monday. As soon as the House assembled for the day, government whip R.K.R. Anantharaman occupied the chair to announce the unopposed election of Mr. Sivakolundhu, who previously served as Deputy Speaker. Mr. Anantharaman said six sets of papers proposing and nominating

Mahindra Susten, the private equity division of Mahindra Group, has partnered with Mitsui & Co. Ltd, of Japan. The aim is to jointly develop and operate distributed solar power generationprojects in India. Mahindra Susten will hold 51% stake in Marvel Solren Private Ltd. with Mitsui holding the rest 49%. It is expected that the collaboration between the two groups would help in

Axis Bank  said the Reserve Bank of India (RBI) has approved appointment of Rakesh Makhija as chairman of the bank. The board of the bank in March had approved appointment of Makhija as chairman subject to RBI clearance. “We would like to inform you that RBI vide its letter dated 3151 May 2019 has approved

The Punjab and Haryana High Court has ruled that animals in Haryana will be accorded the status of “legal person or entity” and declared all citizens ‘persons in loco parentis’ (in place of a parent or guardian) to promote welfare of animals. The order grants animals in Haryana “corresponding rights, duties and liabilities of a

Boeing said that it had signed a technical assistance agreement with the Airports Authority of India (AAI) to jointly develop a comprehensive 10-year roadmap for modernising air traffic management in India. The roadmap is expected to be developed within 18 months and it will be undertaken with a grant from the United States Trade and

In a major boost to farmers in Telangana, the state government on Monday issued orders releasing Rs 6,900 crore under Rythu Bandhu scheme. Chief Minister K Chandrasekhar Rao had announced the decision to release the funds during his speech a day before on the occasion of Telangana formation day. As a result of this, the

Nitin Gadkari, who recently turned 62 has been retained as the Union Minister for Road Transport and Highways by Prime Minister Narendra Modi under his Modi 2.0 Cabinet. Nitin Gadkari was lauded for his development work throughout India. Gadkari, who became the youngest president of the BJP in 2009, has been instrumental in a number