Chandigarh: The Haryana Police have warned that masks worn to fight coronavirus could also help criminals go undetected. In an advisory issued to the state's jewellers, banks, gold loan companies as well as other establishments dealing in cash, the police has asked them to ensure that people entering their premises must take off their mask or face covering once in front of a CCTV camera to prevent robberies. The police also urged people to share information about those claiming to offer “genuine” movement passes amid the ongoing lockdown in return for money. The state's Director General of Police (DGP) Manoj Yadava has ordered all district police chiefs to ensure that jewellers, banks, gold finance companies etc. in their respective jurisdiction display the advisory asking people to remove their mask in front of their establishments. The DGP in a statement here informed that wearing of face mask at work and public places has been made compulsory by the government in … [Read more...] about To prevent robberies, ensure visitors remove mask once: Haryana Police to jewellers, banks
Attempted bank robbery
NEW DELHI: The finance ministry on Friday said there is no decision taken on the proposal of setting up of a government-sponsored bad bank to help ease pressure on lenders with regard to non-performing assets (NPAs) which are likely to witness a surge due to the COVID-19 crisis. Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets. Lenders have been making a case for setting up a bad bank to ease out pressure of bad loans on them in these difficult times. According to a senior official of the finance ministry, the proposal was discussed during the Financial Stability and Development Council (FSDC) meeting on Thursday. However, no decision has been taken on the issue, the official added. Currently, banks sell their bad loans to asset reconstruction company (ARC) as per the prudent norms of the Reserve Bank of India. SBI Chairman Rajnish … [Read more...] about No decision taken on setting up bad bank: Finance Ministry official
Such is the confidence of the Chinese government that its foreign minister went ahead with a joint press conference this week with the UK foreign secretary, who happens to be visiting Beijing, and brazenly declared that the bookseller was 'first and foremost a Chinese citizen.' … [Read more...] about What ails the Chinese economy?
By Sanjeev Sanyal The prime minister has set out a clear vision for a $5 trillion economy by 2024-25, a nominal GDP of Rs 375 lakh crore. In turn, this requires sustaining a real GDP growth rate of 8% a year. What are the ingredients of a model that can generate such growth? The overwhelming evidence, especially from East Asia, is that such high growth rates have only been sustained by an economic model driven by a virtuous cycle of savings, investment and exports supported by a favourable demographic phase. As discussed in the latest Economic Survey, India has already entered a period with a high share of workingage population, & will remain in this ‘demographic dividend’ phase for over two decades. However, favourable demographics is not sufficient. Broth for Growth Cross-country data shows that sustained high growth has always been driven by investment. Indeed, a GDP growth rate of 8% will typically require an investment effort in excess of 35% of GDP. … [Read more...] about View: Improving legal system is the best investment India can make
Abbas's announcement was made in response to an Israeli government's plan to annex the Jordan Valley and impose Israeli sovereignty on settlements in the West Bank. The plan is expected to take effect on July. Enditem … [Read more...] about Israeli soldiers shoot at Palestinian for car-ramming attack: sources