SBI, DDA, PNB babus fined for corruption

Over 200 government officials have been penalised for their alleged involvement in corruption by the Central Vigilance Commission (CVC) during September this year. Out of the total of 201 government employees, the highest number of 46 were from Central Board of Excise and Customs, 29 from Syndicate Bank, 20 from State Bank of India (SBI) and 13 each from Delhi Development Authority and Ministry of Railways among others, a CVC report said. Besides them, 11 officials each from Bharat Sanchar Nigam Limited, Allahabad Bank and Punjab National Bank, five each from United India Insurance Company Limited and Ministry of Urban Development have also been...

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Govt OK's PFRDA Bill change, allows FDI

The government today approved amendments to the PFRDA Bill 2011 (Pension Fund Regulatory and Development Authority) while agreeing to the proposed 26 per cent foreign direct investment (FDI) in the pension sector but refrained from providing assured returns to subscribers in the proposed law. The government had decided not to mention FDI cap in the legislation itself for retaining the flexibility of changing it through an executive order. The 26 per cent FDI cap is to be mentioned in the regulations to the legislation. The changes to the PFRDA Bill were approved by the Union Cabinet at its meeting here. The Bill, which has already been scrutinised...

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