Frauds Current Affairs, GK & News
171 Hospitals de-empanelled under Ayushman Bharat Scheme
On January 3, 2020, around 171 hospitals were de-empanelled by Ministry of Health and Family Welfare for committing fraud. The Ministry had also imposed a fine of Rs 4.5 crores. The FIRs were lodged on 6 hospitals in Uttarakhand and Jharkhand states. Highlights The Anti-Fraud units detected fake e-cards and lodged FIRs in the corresponding ..
Month: Current Affairs - January, 2020
Category: Government Schemes Current Affairs
Topics: Aayushman Bharat • Ayushman Bharat Scheme • Frauds • Health • Ministry of Health and Family Welfare • National Health Agency • PMJAY
Central Equipment Identify Register: Government launches web portal to trace stolen mobiles
The Government of India on December 30, 2019, launched “Central Equipment Identify Register” portal to block and trace mobile phones. The web portal will operate under Department of Telecom. Highlights The CEIR portal has been established in order to address theft, security and other concerns. The portal will also hold database of IMEI numbers of ..
Month: Current Affairs - December, 2019
Topics: Central Equipment Identify Register • Department of Telecommunication • Frauds • Mobile Communications • Smartphones • Technology
RBI Financial Stability Report: NPAs will increase
On December 27, 2019, RBI released Financial Stability Report. The report is biennial and reflects the collective assessment of the Sub-committee of Financial Stability and Development Council. The report said that the non-performing asset ratio of banks is increasing. It was 9.9% in September 2019 and may rise to 9.9% in September 2020. Highlights of ..
Month: Current Affairs - December, 2019
Category: Economy & Banking Current Affairs
Topics: Financial stability • financial stability report • Frauds • NPA • Provision Coverage Ratio • RBI
CVC constitutes Advisory Board for Banking Frauds
The Central Vigilance Commission (CVC) has constituted Advisory Board for Banking Frauds (ABBF) to examine bank fraud over Rs 50 crore and recommend action. It is reconstituted and rejigged version of erstwhile Advisory Board on Bank, Commercial and Financial Frauds. About Advisory Board for Banking Frauds (ABBF) Composition: Former Vigilance Commissioner T M Bhasin will ..
Month: Current Affairs - August, 2019
Category: Economy & Banking Current Affairs
Topics: Advisory Board for Banking Frauds • Banking • Business • Central Vigilance Commission • Economy • Frauds • NPAS • RBI • T M Bhasin
Credit Rating Model: Government testing big data system to aid banks assess credit risks
Ministry of Electronics and Information Technology (MeitY) is testing credit rating model, a new system that will assist banks in assessing credit risk and probability of fraud using big data analysis. The system is expected to help banks, particularly rural and cooperative banks, tackle the issue of rising nonperforming assets (NPAs). Currently, rural and cooperative ..
Month: Current Affairs - June, 2018
Category: Reports & Indexes Current Affairs
Topics: Banking • Big Data System • Credit Rating Model • Frauds • Ministry of Electronics and Information Technology • NPAS • RBI • Science and Technology