Nasheman

India's largest selling Urdu weekly, now also in English

You are here: Home / Archives for Nasheman

Banks collect Rs 3,000 crore as fine for no minimum balance

by

Public sector banks (PSBs) collected Rs 3,551 crore as charges from saving bank account holders for failure to maintain the required minimum balance.

Over Rs 11,500 crore collected in last four years by all banks
Banks continue to harvest a windfall at the cost of those who don’t have resources to maintain prescribed minimum balance in their accounts.

As high profile borrowers dumped almost Rs 10 lakh crore worth non performing assets (NPAs) in 2017-18, public sector banks (PSBs) collected Rs 3,551 crore as charges from saving bank account holders for failure to maintain the required minimum balance.

These charges are collected primarily to recover a part of the cost incurred on servicing the accounts.

An official in the Ministry of Finance said that in last four years (2014-15 to 2017-18), 21 PSBs and three private sector banks (ICICI Bank, Axis Bank and HDFC Bank ) collected over Rs 11,500 crore from customers who did not maintain a minimum balance in their savings accounts.

The largest lender in India, State Bank of India (SBI), alone collected almost Rs 2,500 crore in 2017-18. Among the private players, HDFC Bank charged customers nearly Rs 600 crore for not maintaining minimum balance.

Now, the banks want to end a negative perception which has been building since the practice of penalties was launched after the Reserve Bank of India (RBI) issued a circular on July 1, 2015 that empowered banks to fix services charges on various services rendered by them.

Since then, banks have been charging different penalties for the same default. SBI savings account holder who failed to maintain minimum balance is charged between Rs 5 and Rs 15 (plus GST) for various levels of shortfall. SBI customers are compulsorily required to maintain an average monthly balance of Rs 3,000 in metro cities while in semi urban cities the minimum level is Rs 2,000 and Rs 1,000 in rural areas.

The customers of private banks like HDFC Bank are required to maintain an average monthly balance of Rs 10,000 in urban cities, Rs 5,000 in semi-urban cities and Rs 2500 in rural areas.

The banks have now changed gears. With interest rates on saving deposits dipping and instruments like mutual funds out performing, the percentage growth in bank deposits has reduced. As a result, cash availability with banks has been declining. The heads of government banks had recently met in Delhi to set targets to raise the liquidity available with banks by attracting more people to make bank deposits.

 

PTI

CCB Police Opened fire, and arrested Notorious Rowdy Sheeter,George after shootout in Bengaluru

by

By : PRAMESH S JAIN

The Central Crime Branch Police opened fire to subdue the notorious dreaded rowdy sheeter George.

This is the first shootout by CCB Police, after Addl CP Crime,Alok Kumar and DCP Crime-1,Girish S took charge in Bengaluru.

A team of central crime branch (CCB) sleuths opened fire to subdue and secure a notorious rowdy, who allegedly attacked them with a Machete near Jinkey park on Wednesday night. A policemen, identified as Umesh was injured in the attack launched by the George.

The injured policemen and George, who sustained bullet injuries on his legs, were admitted to the Victoria Hospital. Police said George has been facing more than 11 cases, including murder, kidnap and other cases registered in various police stations in the city.

In 2014, he was arrested in connection with a kidnapping case.He was released on bail.The accused is a Rowdy sheeter of Chamarajpet.

The CCB police were searching for George in connection with murder cases, and kidnap.Police said he was a suspect for threatening his witnesses.

DCP Crime-1,Girish S,who visited the spot and after inspecting the spot and collecting information from the cops.

He told media persons that CCB team comprising assistant commissioner of police Mariyappa, inspector,Prakash.K,and constable Umesh got a credible information that the notorious rowdy sheeter of Chamarajpet who was wanted in murder and kidnapping case court trials is moving near Chamarajpet towards Jinkey park as even he dint turned up for rowdy parade recently we launched our toll-free number 9480801555 to share information about rowdies who are harrasing people similarly we received a complaint against this rowdy sheeter

It is alleged that rowdy sheeter George threatened to kill a witness, if he deposed against him in court.Based on a complaint, the CCB had taken up a case and were on the lookout for George the team got reliable inputs and they immediately rushed to spot and found George riding a scooter near jinkey park around 10 pm on Wednesday night.The police team was tailing him from Chamarajpet.The sleuths intercepted George scooter in front of jinkey park the Inspector and constable went to the accused scooter and asked him to surrender but he,George did not stop the vehicle and tried to escape and our team gave a dramatic chase to the rowdy and tried to nab him a constable Umesh who went to arrest him,the rowdy then attacked our constable Umesh with machete,discarding Inspector Prakash order to surrender,

The accused again tried to attack our constable then our Inspector Prakash opened fired at his leg with his service revolver in self defence and subdue the accused and was arrested and he is undergoing treatment at Victoria hospital and finally Bengaluru Police Commissioner,T.Suneel Kumar has appreciated,Addl CP Crime,Alok Kumar,DCP Crime-1,Girish S,CCB OCW,Rowdy squad ACP,Mariyappa,PI,Prakash.K,and Cosntable Umesh who has nabbed a notorious rowdy sheeter by playing on their life and he was wanted in more than 11 cases the exemplary and commendable job done by the team is highly appreciated he added.

Shaw youngest Indian to crack hundred on debut as India reach 232/3

by

Prithvi Shaw became the youngest Indian to score a Test century on debut as India rode on the Mumbai teenager’s fluent 134 to post 232/3 at Tea against the West Indies in the first Test here on Thursday.

Shaw, at 18 years and 329 days, reached the historic three-figure mark off just 99 balls at the Saurashtra Cricket Association Stadium.

The record was previously held by Abbas Ali Baig, who at the age of 20 years 131 days, scored a half-century against England in Manchester in 1959.

Shaw is also the second youngest Indian ever to score a Test century after Sachin Tendulkar who cracked a ton at 17 years and 107 days in 1990 vs England in Manchester.

Shaw, who opened the innings for India, took 99 balls to get to his maiden hundred. His innings was laced with 15 boundaries.

Besides Shaw, Cheteshwar Pujara also scored a good looking 86 in his own backyard but missed out on a hundred.

Skipper Virat Kohli, who was all smiles when young Shaw raised his bat after reaching the milestone, was at the crease on 4 with vice-captain Ajinkya Rahane (batting 0) with Shaw offering an easy return catch to leggie Devendra Bishoo trying to play against the turn.

Shaw and Pujara added 206 runs for the second wicket as the tourists were sent on a leatherhunt for large parts of the second session.

Shaw’s innings was studded with 19 fours while Pujara hit 14 boundaries before poking at a length ball half-heartedly to wicketkeeper Shane Dowrich off pacer Sherman Lewis, who bagged his first Test scalp.

Earlier, Opting to bat, the hosts lost K.L. Rahul for a duck in the very first over of the two-match series as Caribbean pacer Shannon Gabriel caught the Indian opener in front of the wickets.

Brief scores: India 232/3 in 51 overs (Prithvi Shaw 134, Cheteshwar Pujara 86, Virat Kohli batting 4, Ajinkya Rahane batting 0; Shannon Gabriel 1/38)

IANS

Government cuts fuel prices by Rs 2.50/l

by


With unrelenting increase in fuel prices, the government on Thursday decided to effect a cut in the prices of petrol and diesel by Rs 2.50 per litre.

Finance Minsiter Arun Jaitley announced at a press conference that the cut will be effected through slashing of excise duty to the tune of Rs 1.50 per litre, while the oil marketing companies will absorb the impact to the tune of Re 1 per litre.

(IANS)

Delhi HC acquits man in rape-murder case of octogenarian

by

The Delhi High Court on Thursday acquitted a man of the charges of raping and murdering an 81-year-old widow in 2014 at her south Delhi residence four years ago.

The High Court however dubbed the crime as “horrific” and said that an elderly woman had been done to death in the most inhuman manner.

A bench of Justices S. Muralidhar and Vinod Goel acquitted domestic help Neeraj Safi of the charges pressed under Sections 302 (murder), 375 (rape) and 201 (destruction of evidence) of the Indian Penal Code.

The High Court order to set aside a trial court’s conviction order came on Safi’s appeal.

“Howsoever strong a suspicion might be, it cannot constitute proof and is insufficient to return a finding of guilt. The case against the appellant had to be proved beyond reasonable doubt. The prosecution has failed to do that in the present case,” the bench said.

Safi, a resident of Madhubani in Bihar, was accused of the crime at his employer’s Greater Kailash-II house on July 7, 2014. On January 31 2017, the trial court convicted Safi of rape, murder and destruction of evidence.

The High Court also said that the prosecution has failed to prove the motive of the crime as nothing belonging to the deceased was in fact stolen and other household items remained untouched.

“The trial court overlooked the above legal position and erred in holding that not proving the motive was not fatal to the case of the prosecution,” the court said.

The High Court also found that there are too many gaps in the chain of circumstances leading to the crime.

“Neither the forensics report nor the post-mortem conclusively establishes that it was the appellant who had any sexual contact with the deceased,” the court said.

“With medical and forensic evidence ruling out the possibility of the appellant having committed the sexual assault on the deceased, the prosecution has failed to prove the motive for the crime.”

Police had said that the woman’s post-mortem revealed that she was beaten up, strangled with a dupatta and set on fire.

Ians

Rupee touches new low at 73.77/$

by

The Indian rupee plunged to a fresh record low of 73.77 to a US dollar on Thursday morning.

It stood at 73.77 (73.7688) to a dollar — the lowest ever mark — it has touched against the greenback.

It opened the day’s trade at the Inter-Bank Foreign Exchange Market at 73.67 to a dollar from its previous close of 73.34.

At 9.50 a.m., the rupee stood at 73.65 to a greenback.

(IANS)

Chanda Kochhar quits ICICI Bank

by

ICICI Bank said on Thursday that its CEO, Chanda Kochhar, has quit the company.

“The Board of Directors of ICICI Bank Limited, accepted the request of Ms Chanda
Kochhar to seek early retirement from the Bank at the earliest,” the bank said in a regulatory filing on Thursday.

(IANS)

Facial recognition for entry at select airports soon

by

The government plans to roll-out a facial recognition-based hassle-free entry system at select airports from February 2019.

Accordingly, the Ministry of Civil Aviation has come out with a draft of its “Digi Yatra” policy and called for public comments.

The system has the capability of reducing long queues and the number of security personnel deployed at airports thereby likely bringing down air fares.

(IANS)

For talks with India, Pakistan seeks US help; gets rejected again

by


Islamabad is seeking an American role in facilitating talks between India and Pakistan because the two neighbouring countries are not engaging bilaterally, Pakistan’s Foreign Minister Shah Mehmood Qureshi has said, warning that absence of such facilitation could lead to escalation of tension.

But the latest Pakistani request in this regard has again been rejected by the US, the top Pakistani diplomat told a Washington audience on Wednesday, a day after he had meetings with US Secretary of State Mike Pompeo and National Security Advisor John Bolton, during which he raised the issue only to be pushed back by the Trump administration.

“When we asked the US, to play a facilitating role…Why do we ask? Simply because we are not engaging bilaterally. And that bilateral disengagement is…a distraction. We want to focus, we want to move on the western side of the border, which we are not being able to because we have to watch our back from eastern side (towards India). That is not a healthy situation to be in,” Qureshi said in response to a question at the US Institute of Peace, a US Congress-funded top American think-tank.

“Now can you (United States) facilitate? The answer from them is no. They wanted (it done) bilaterally. But there is no bilateral movement,” Qureshi said. He went on to warn that this could lead to an escalation of tension between the two countries.

“If that lack of facilitation leads to escalation and some of the statements that have come out of late have not been very helpful,” the Pakistani foreign minister said in an apparent reference to the remarks by Indian leaders; “the so-called surgical strikes and stuff like that doesn’t make sense. It does not, that’s politics.. there are elections around the corner,” he claimed in response to a question.

Imran Khan’s new government in Pakistan, he claimed, is not shy of engaging.

Referring to the cancelling of his meeting with External Affairs Minister Sushma Swaraj in New York, he alleged that India backed off. However, he quickly evaded India’s reasons for this – glorification of terrorists by issuing postal stamps and brutal killing of India’s security personnel by Pakistan-backed terrorists.

“If the Indians have a better option, share it with us. If disengagement, if not talking to each other will resolve and stabilise the region, fine. If that’s their analysis fine,” a hassled Qureshi said.

Qureshi who left for Pakistan after his meetings with Trump administration officials said it is unfortunate that the two countries are not engaging. “It’s unfortunate. That’s the way it is. Now. What does this government want? We want normalisation. We want co-existence. You’ve got to recognise the reality. Pakistan is a reality. So is India. We have issues. How do we resolve them?” he asked.

After coming to power, the first speech made by the Prime Minister Khan was “that every step you (India) take towards peace, we will take two. And he meant it. It wasn’t just because it sounded good. It wasn’t to please anyone. He is too blunt a person to please people. He can be very straight and he can be very blunt. But he said that because he feels that way,” Qureshi claimed.

India has highlighted how Pakistan created the conditions for cancellation of the meeting in New York – due to Pakistan issuing postage stamps glorifying terrorists and the brutal killing of three of its security personnel by Pakistan-backed terrorists.

The Pakistan foreign minister did not mention that in his answer and only said that the stalled dialogue process is not good for the two countries and the region.

Responding to a question on India’s stand that talks and terrorism cannot go together, a view which is shared by Washington too, Qureshi referred to a statement by Imran Khan while he was an opposition leader and met Prime Minister Narendra Modi during a visit to New Delhi that “there would always be spoilers.”

“There will always be spoilers. There will always be elements that will scuttle the process of peace. But when they do that, let us re-engage to fight them. They will push us back. But we have to see what is in our interest, what is in the regional interest. What’s in Pakistan’s interest,” Qureshi said quoting what Imran Khan had told Prime Minister Modi.

IANS

TCS partners University of Tokyo for digital technology research

by

Mumbai Global software major Tata Consultancy Services (TCS) on Thursday said it signed a Memorandum of Understanding (MoU) with the Institute of Industrial Science (IIS) at University of Tokyo to collaborate on technology research and facilitate inter-personnel exchange.

The MoU opens the prospect of TCS and the IIS working together on fundamental research, technology validation and the real-world applications and commercialisation of technologies in the area of robotics.

The partnership is the latest addition to TCS’ Co-innovation Network (COIN) which brings together the academia, research, tech start-ups, and alliance partners from across the world to collaborate and conceptualise innovation that helps customers in their digital transformation journeys.

“In a Business 4.0 world, building and leveraging a partner ecosystem is of strategic importance in creating and delivering value. This is the core idea underpinning our Co-Innovation Network that brings research and technology breakthroughs from academia to meet real-world customer needs,” said K. Ananth Krishnan, Executive Vice President and Chief Technology Officer, TCS.

The partnership also paves the way for an exchange of scholars and researchers between the two organisations, TCS said in a statement.

“We warmly welcome this strategic partnership with TCS, and see it as one of our gateways to capitalise the wealth of technological expertise that India’s finest talent has to offer,” said Toshiharu Kishi, Director General, IIS, University of Tokyo.

(IANS)

KNOW US

GET INVOLVED

PROMOTE

Archives