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Payment of interest (SCRIPCODE: 952666)

India, Aug. 20 -- AU Small Finance Bank Ltd has informed BSE about payment of interest in respect of non-convertible debt securities.

Published by HT Digital Content Services with permission from ACCORD FINTECH BSE.... Read More


'Kurki' clause gone, no fresh amendment needed, says govt

Chandigarh, Aug. 20 -- The Punjab government on Saturday clarified that "kurki" (attachment of land for non-payment of arrears by farmers) had been abolished with the amendment of the Punjab Cooperative Societies Act, 1961, and no amendment was needed to the Punjab Land Revenue Act, 1887. A clarification was issued by a government spokesperson in reaction to reports in a section of the media saying that "kurki" had not been eliminated in the abse... Read More


All banking apps including BHIM safe, can't be hacked: Saket Modi at India TV's special show on mobile hacking

New Delhi, Aug. 20 -- Saket Modi, an ethical hacker and co-founder of online cyber security company Lucideus Tech, today said that the government-backed "Bharat Interface for Money (BHIM) App is 100 per cent safe and can't be hacked".

Speaking at India TV's special show on mobile hacking organised here, Saket, whose company is involved in securing government and enterprise digital setups, mentioned that data of banking apps are "purely encrypted... Read More


Rahul's ability to lead party being questioned, yet again

India, Aug. 20 -- Trouble could well be the middle name of Rahul Gandhi. The Congress vice-president's problems only seem to be mounting with every passing moment. Along with senior members of the Congress, many leaders from other parties are also either opposing Rahul's elevation to the party president post or raising questions over it. Recently, Mulayam Singh Yadav questioned the Gandhi scion's abilities, saying that the command of the Congress... Read More


Astroturf : Being true to the self

India, Aug. 20 -- A highly ambitious guy, also armed with dramatic talent, at his age, was doing very well in career. But he nursed the dream of doing something in his own right that may help quickly make a mark for himself. He found an opportunity when Prime Minister Modi came forward with his 'Make in India campaign'. He felt doubly assured when start-ups were offered Governmental support. Inspired thus, he gave up his job in a huff and attempt... Read More


Flood situation improves in north, worsens in central zone

Dhaka, Aug. 20 -- With receding water and less rainfall, the flood situation in the northern districts has started improving.

However, many people are unable to return as their homes have been destroyed by the floodwaters.

On the other hand, the situation in the central zone of the country deteriorated as many areas were being submerged by onrush of water flowing towards the Bay of Bengal on Saturday.

The flood victims, especially in remote ch... Read More


Bigger loss for BR from bigger budget

Dhaka, Aug. 20 -- OPERATIONAL loss of Bangladesh Railway (BR) climbed to Tk1,226 crore in the immediate past fiscal year (2016-17), thanks to poor service delivery and operational inefficiency. The amount of BR's loss is the highest since independence of Bangladesh.

BR incurred Tk1,110.52 crore operational loss in the fiscal year 2010-2011 and the lowest was Tk 657.94 crore in the fiscal 2008-2009, according to official figures. The government h... Read More


Chief strategist Bannan quits

Dhaka, Aug. 20 -- Stephen K. Bannon, the embattled chief strategist who helped President Trump win the 2016 election by embracing their shared nationalist impulses, departed the White House on Friday after a turbulent tenure shaping the fiery populism of the president's first seven months in office.

Mr. Bannon's exit, the latest in a string of high-profile West Wing shake-ups, came as Mr. Trump is under fire for saying that "both sides" were to ... Read More


Bad loan levels unacceptable, state banks need recapitalisation: Urjit Patel

MUMBAI, Aug. 20 -- Reserve Bank Governor Urjit Patel on Saturday called for recapitalisation of state-run banks to help them resolve the NPAs issue in a time-bound manner as bad loans at 9.6 per cent of the system is not acceptable.

"Gross NPA ratio of the banking system at 9.6 per cent and stressed advances ratio at 12 per cent as of March 2017 on the back of persistently high ratio in the past few years, is indeed a matter of concern," Patel t... Read More


Vishal Sikka's resignation, Bill Gates's giveaway and GST's effect on earnings

New Delhi, Aug. 19 -- 1. Monsoon falls short in some parts of the country

The weather department released data till 16 August showing deficient rainfall in parts of the country. There has been a deficit of at least 20% rainfall in ten out of 36 areas into which the weather department divides the country. There is a 4% deficit in the country overall compared to the long-period average. The weather department had forecast above-average rainfall.

... Read More