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Swiss banks advise some Indian clients to cash out
Report dated 24/10/2014 @ 8:07 PM
In an effort to distance themselves from dodgy Indian clients who have twisted rules and could be a cause of embarrassment, three individuals based in Mumbai and one in Delhi, who hold anonymous Swiss numbered accounts, have been advised by their respective banks to pull out their money by December 31.
They received calls from bank relationship managers who asked them to close the numbered accounts, and one has been told to close the account by as early as October 30, while another has been asked to prove tax has been paid on funds lying with the bank.
Responding to a query a Bank Julius Baer & Co spokesman said the bank did not want to comment, while a spokesperson for Credit Suisse said they do not as a matter of policy comment on client relationships and it is highly committed to the India market and Indian clients.
India and Switzerland plan to implement an automatic information sharing arrangement that will require Swiss banks to report names of resident Indians opening accounts.
The persons who were contacted by the Swiss banks believe that the pact between the two countries is forcing banks to end relationships with some account holders.
Abysmal toilets in Delhi schools cause of student drop outs
Report dated 24/10/2014 @ 7:58 PM
The Directorate of Education has been taking stock of the student:toilet radio in schools under it, and has drawn up a list of schools where the ratio is over 140 students to a toilet, with a shortage of boys' toilets in 64 schools and a shortage of toilets for girls in 156 schools. The survey was prompted by offers to build and maintain toilets from private corporations brought on board by the ministry of human resource development.
Padmini Singla, director, education, says they will have to first find out if there is space available to build toilet blocks, as the department is generally aiming for a toilet per 100 students.
Data collated from the District Information System for Education shows that Delhi is one of four states to have toilets in all schools, but the number of toilets per school is woefully low, as enrollment has been increasing by a lakh each year.
Encouraged by PM Modi's emphasis on toilets the NGO JOSH got some 2500 kids and parents from east Delhi to sign an appeal to the PM for their school loos to be cleaned. In response toilets were cleaned and bins and tissue paper provided, but there are still girls who drop out because the school toilets are not functional.
One executive of the Education Planning and Administration says the government will have to gear up and invest, but he admits the programme has helped raise awareness and with the cooperation of corporations, hopefully some norms will be established.
Reasons he gave his employees Diwali cars, flats as bonus
Report dated 23/10/2014 @ 4:16 PM
Surat diamond merchant Savjibhai Dholakiya, who gave 1200 of his employees cars, flats and jewellery as Diwali bonuses says his gifts were modest, and the workers were rewarded for their loyalty, and hard work. Sharing never decreases one's wealth, something he has learned, as every time he gave something away he got back much more.
He said that he had a modest upbringing himself with God's help and this too is a gift from God.
He says they analysed who the people are that are responsible for his company's growth and what they gave them is nothing compared to the effort put in by them.
He himself dropped out of school after 4th Grade and joined the diamond industry. He calls himself an ordinary man. He is trying to show businessmen what they can do and tells workers to work hard like his employees so that their bosses are compelled to be generous with them too.
He says his factory is not to make diamonds, it makes men.
Are Chinese made Xiaomi phones bugged ?
Report dated 23/10/2014 @ 2:45 PM
According to reports the Indian Air Force (IAF) has warned its officers and their families not to use Xiaomi devices, suggesting that they send data to an agency that reports to the ministry of Information Industry in China.
The IAF issued the advisory on the basis of information obtained from the Indian Computer response team, which also confirmed that Xiaomi phones send back data to China. Xiomi has been accused of doing the same in Taiwan, and the government there is investigating the situation.
Xiaomi has denied the claims and said that as part of its cloud services, the phones may have been sending some data to its computing centres in China. Earlier Xiaomi said that its M Cloud service was enabled by default and it made amends by pushing out a software update that disabled the service by default and making it an opt-in.
Indian Ministries to display RTI applications on websites
Report dated 22/10/2014 @ 4:32 PM
The government of India has directed all its ministries and departments to suo motu display Right-to-Information (RTI) applications and responses thereof, on their respective websites.
The instructions do however leave scope for withholding RTI replies that contain personal information relating to an individual.
The ministries/departments have been instructed to write a program to display the desired content on its website, and has requested immediate action so that the facility to upload an RTI application response and first appeal on the website of the ministry or department may commence with effect from October 31, 2014.