Category Archives: Finance

Auto Added by WPeMatico

The Government Is Hiding Information About Black Money Inside a Black Hole

The Government Is Hiding Information About Black Money Inside a Black HoleThe finance ministry and a national public finance institute under its control are have refused to give copies of the research reports on black money sought under the RTI. The SIT on black money must be opened to greater public scrutiny. Credit: Reuters During his reply… Read More »

Public Sector Banks Don’t Have a Monopoly Over Fraud

Public Sector Banks Don’t Have a Monopoly Over FraudPunjab National Bank is in the exalted company of some of the most sophisticated private banks worldwide. So to contend that privatisation will usher in an era of clean, problem-free banking is the height of ignorance. Frauds in banking don’t just relate to loans. They may also… Read More »

RBI Tightens Rules With New Bad-Loan-Resolution Framework

RBI Tightens Rules With New Bad-Loan-Resolution FrameworkReserve Bank of India (RBI) Governor Urjit Patel in Mumbai. Credit: Reuters/Shailesh Andrade Mumbai: The Reserve Bank of India (RBI) late on Monday tightened its rules around bank loan defaults, seeking to push more large loan defaulters toward bankruptcy courts and abolishing half a dozen existing loan-restructuring mechanisms, in… Read More »

Blockchain Technology Officially Enters the Oil and Gas Industry

The post Blockchain Technology Officially Enters the Oil and Gas Industry appeared first on CCN Oil and gas companies can rejoice, as Ethereum-powered blockchain technology is officially being adopted into a major industry. The oil and gas industry is generally considered slow to change, however, since the oil glut that drove prices to record lows… Read More »