ICICI Bank to finally boot out Chanda Kochhar Sandeep Bakhshi to be

first_img Close Chanda Kochhar, Managing Director and Chief Executive Officer of ICICI BankReutersAs the Videocon dirty loan investigation moves into another gear, the ICICI Bank board of directors has finally decided to remove tainted CEO and Managing Director Chanda Kochhar. The latest reports suggest Sandeep Bakhshi, the head of the bank’s insurance division, will become the next CEO.The two momentous decisions that will change the course for India’s second largest lender under allegations of partisan loan sanctions, are likely to be announced today after a crucial board meeting, the Economic Times reported.Kochhar, who has been in sharp focus over the loans ICICI sanctioned to the Videocon Group, is currently on leave but has more than year in her as CEO under the contract.The ET report said the bank has informed the Insurance Regulatory and Development Authority (IRDA) that Bakhshi may be moved to a different role at India’s largest private bank by assets. IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:01/0:49Loaded: 0%0:01Progress: 0%Stream TypeLIVE-0:48?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … The board meeting on Monday will also finalise the terms of the appointment of Justice BN Srikrishna as the committee to investigate the allegations of conflict of interest by Kochhar.Kochhar has battled unsavoury attention ever since a whistleblower complaint linked her to irregularities in the sanctioning of a multi-crore loan to the Videocon group. The whistleblower alleged that ICICI Bank gave a Rs 3,250 crore loan to the Videocon Industries in 2012 under Kochhar’s watch.Independent probeThe complaint said that a few months before that loan was sanctioned, Videocon chairman Venugopal Dhoot had lent a whopping Rs 66 core to Deepak Kochhar, the CEO’s husband.Though the bank defender Kochhar, it yielded to investor and regulatory pressures and announced an independent probe into charges against Kochhar earlier this month and asked her to go on indefinite leave.Apart from the whistleblower complaint, investor Arvind Gupta had also alleged in 2016 that the loans to Videocon were a clear case of conflict of interest. He had said that the funding of a company called NuPower jointly by Dhoot and Deepak Kochhar pointed to the possibility of there being a quid pro quo behind the sanction of loans. In March this year, the CBI launched a probe into the connection between Videocon group and Kochhar’s husband. The bank had said last week chief executive Kochhar had received a notice from markets regulator Securities and Exchange Board of India seeking responses over alleged non-compliance. BIGGEST BANK FRAUDS IN 2018last_img read more

Partha inaugurates eportal for access to info on schools education schemes

first_imgKolkata: State education minister Partha Chatterjee on Tuesday inaugurated ‘Banglar Shiksha’ an e-portal which is set to provide real-time data on state-run and aided schools.The minister also officially launched five mobile applications which will not only help the education department officials to ensure a better co-ordination among administrations but they will also help them to keep tabs on the implementation of various government schemes. One can access information about all the schools, their activities and also their implementation of various schemes. The NIC has developed the portal with the help of KPMG and the education department. Also Read – Bose & Gandhi: More similar than apart, says Sugata BoseAfter inaugurating the e-portal, Chatterjee gave a strong message to his department officials saying that many projects are introduced with much fanfare but they are implemented poorly. In the same breath the minister said that a proper implementation of the newly introduced applications will fix accountability on the school administration but also help them perform their duties in a comprehensive manner. “The e-portal and the mobile applications will provide government information. We often introduce various schemes and then they are not properly maintained. I appreciate the efforts of our department officials for bringing in the new systems but if they are not properly run in the due course of the time I will not stop myself from criticising,” Chatterjee said. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: Mamata”People should be deployed on a regular basis whose job is to maintain better coordination. If the supply of information is not properly maintained then the digitised platforms may lose their significance,” Chatterjee added. One must not however find fault at the beginning of the new schemes which are the result of accumulated efforts of both the school and higher education department. This is unique move initiated by the department, the minister said. The e-portal— www.banglarshiksha.gov.in is a robust platform providing dynamic dashboards, reports and data on real time basis — a centralised system with the capability of holding large volume data. This system will bring revolutionary change in e-governance by having the proficiency of bringing together various initiatives under one umbrella. The school education department will collect data from different schools under various programmes such as SSA, RMSA, MDM and HRSM through various portals. All the data will be collected and uploaded in the portal. Various information related to 1.5 crore students, 5 lakh teachers and 1 lakh schools will be available on the portal. The mobile applications are named as ‘Banglar Siksha mobile app’, ‘M-Paridarshan mobile app’, ‘Mid day meal inspection app’, ‘E-HRMS mobile app’ and ‘State data analysis management centre’. The M-Paridarshan mobile app will help the district inspectors of schools and other officials to record data while mid day meal inspection app will provide information relating to the mid day meal services in all the schools.last_img read more

Attracted by yoga mesmerised by Kumbh

first_imgReem Ibrahim Al-Arfaj is the first certified yoga trainer in Saudi Arabia. On her first visit to India this past week, she was left mesmerised by the Kumbh mela at Prayagraj. Clad in a black burqa and a hijab, her excitement was palpable when asked about her experience at the Kumbh. “It was amazing. Everyone was smiling and they were excited to meet us. The security there was very high and we felt very safe among those people,” said Reem, who is in her 20s. Also Read – Add new books to your shelfAmong the delegates from 181 countries who were invited by the Indian government to visit the Kumbh and participate in the cultural activities there, she has completed 500 hours of yoga training for trainers under an expert at the Indian embassy in Riyadh last year. She feels she is very good in aspects like yogic sukshma vyayam, shat kriya, surya namaskar, yogasana, pranayama and meditation. “I am a businesswoman and help my father in his business. I heard about yoga and it attracted me. So I enrolled for this programme at the Indian Embassy in Riyadh. Now I can train others in yoga,” she said with a glitter in her eyes. Though Reem did not take a dip in the Ganga, Goran Pejakovic from Croatia not only took the holy dip but also recited the Gayatri mantra while he was in the river. Also Read – Over 2 hours screen time daily will make your kids impulsiveHe has been practising Vaishnavism since 1991. “I read Bhagavad Gita and since then I was attracted towards spirituality and Vaishnavism,” Goran said as he flaunted his bodi (tuft) and the janeo. Born in a Christian family, Goran finds no contradiction in the faith of his forefathers and his own “spiritual path”. “They believe in one god and I also believe in one god and that is Krishna,” he added with a smile. His wife and daughter too are devotees of Lord Krishna and the family is vegetarian. Konstantinos Kalaitzis from Greece loves to sing bhajans, including Mahatma Gandhi’s favourite one ‘Vaishnav jana…’ On his 44th visit to India since 1986 and having travelled to all major Hindu pilgrimage sites including Kailash Mansarover, Kedarnath, Gangotri, Yamnotri, Nanda Devi, this was his first chance to visit a Kumbh mela. “But Kumbh was a different feeling. I went in the Ganga and swam. I felt very good after that,” he said. Delegates from other Arab countries including the UAE, Oman and Syria also came. Vinay Sahasrabuddhe, the President of Indian Council for Cultural Relations (ICCR) that organised the entire exercise, said it was the brainchild of Prime Minister Narendra Modi. “While the Kumbh is happening for millenia together, for the first time a conscious attempt was made to have representation from each and every country on the globe. Invites were extended to those people who were interested in culture,” Sahasrabuddhe said. An orientation programme was held explaining the idea, history and significance of the Kumbh besides the aspects of management that go into organising such a big event. “The idea was to enhance the literacy about the idea of India and Indian culture. Because many a time India and events like Kumbh are seen like a puzzle or riddle. It is an exercise to demystify events like Kumbh,” he added.last_img read more

News of fatwa against Nusrat found to be fake

first_imgKolkata: The news of fatwa given by Darul Uloom to Nusrat Jahan for wearing bindi and marrying a non-Muslim, which is being circulated in national media for the past couple of days, has been found to be false.An investigation carried out by fact-checking website AltNews has proved that the news regarding Nusrat’s marriage is a fake one. Nusrat, the Trinamool MP from Basirhat who has recently married businessman Nikhil Jain, took her oath in Parliament in Bengali and touched the feet of the Speaker. Nusrat’s gesture was appreciated by social media and media alike. The controversy began after a national television channel telecast the statement of Asad Kashim of Darul Uloom, portraying him as an Ulema. He had allegedly criticised Nusrat’s gesture, her marrying a non-Muslim and wearing bindi. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataSome media channels subsequently began telecasting Asad’s statement as a fatwa. AltNews got hold of Asad, who told the reporter that the representatives of two national channels had asked him for his comment on the matter and he had expressed his views, which have nothing to do with a fatwa. He has also denied any connection with Darul Uloom. There is nothing on the fatwa in the official website of Darul Uloom either. When contacted by AltNews, a senior official of Darul categorically denied the issuance of any such fatwa against Nusrat.last_img read more

Fancy some Unicorn poop New map tracks Londons best food finds

first_imgFancy some Unicorn poop? New map tracks London’s best food finds Travelweek Group Tags: Food, London Wednesday, August 8, 2018 LONDON — Ever wanted to try Unicorn poop? You can get some in London with help from a new map featuring the city’s most delicious – and bizarre – food fads.Wren Kitchens, a privately-owned family business that manufactures and sells kitchen products, has released its own interpretation of London’s Tube map that shows commuters and tourists where to go in Zone 1 for culinary treasures.Credit: Wren’s KitchenIf you’ve got a hankering for a macaron ice cream sandwich (who doesn’t?!), go to Charing Cross. There’s something called a Matcha Freakshake on Liverpool street, and a super trendy charcoal brioche burger at Paddington.Always a fan favourite, rainbow bagels can be hunted down in the east end of Zone 1 at Aldgate East, while avocado enthusiasts will surely flip over avocado bubble waffles at Piccadilly Circus.And what about the elusive unicorn poop? Follow the map to Old Street for a bowl full of  this much-talked-about fruity, colourful cereal.More news:  TRAVELSAVERS welcomes Julie Virgilio to the teamPhoto Credit: https://www.wrenkitchens.com/blog/food-tube-ultimate-guide-deliciously-instafamous-summer-city/center_img << Previous PostNext Post >> Posted by Sharelast_img read more