18 PSBs hit by 2480 cases of fraud of Rs 32000 cr

first_imgIndore: A total of 2,480 cases of fraud involving a huge sum of Rs 31,898.63 crore rattled 18 public sector banks in the first quarter of this fiscal, an RTI query has revealed. The country’s largest lender State Bank of India (SBI) remained the biggest prey to frauds with 38 per cent share, Neemuch-based activist Chandrashekhar Gaur told PTI on Sunday quoting an official of the RBI who furnished him replies to his RTI application. As many as 1,197 cases of cheating involving Rs 12,012.77 crore were detected in SBI in the first quarter, according to the RTI reply. Also Read – Thermal coal import may surpass 200 MT this fiscalAfter SBI, Allahabad Bank faced the heat with 381 cheating cases involving Rs 2,855.46 crore. Punjab National Bank stood third in the list with 99 sham cases worth Rs 2,526.55 crore. However, the information provided by the RBI does not give specific details of the nature of banking fraud and the losses suffered by banks or their customers. On losses suffered by PSU banks due to frauds, the RBI said it did not have figures available as to how much amount was lost by theses banks during the period under review. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostA total of 75 cases of fraud involving Rs 2,297.05 crore were reported in Bank of Baroda in the first quarter, while 45 cases of fraud amounting to Rs 2,133.08 crore in Oriental Bank of Commerce, 69 cases worth Rs 2,035.81 crore in Canara Bank, 194 cases worth Rs 1,982.27 crore in Central Bank of India, 31 cases of fraud of Rs 1,196.19 crore in United Bank of India were witnessed. Likewise, Corporation Bank detected Rs 960.80 crore worth fraud in 16 cases, Indian Overseas Bank Rs 934.67 crore in 46 cases, Syndicate Bank Rs 795.75 crore in 54 cases, Union Bank of India Rs 753.37 crore in 51 cases, Bank of India, Rs 517 crore in 42 cases and UCO Bank detected Rs 470.74 crore fraud in 34 cases. Other banks, which fell victim to fraud included Bank of Maharashtra, Andhra Bank, Indian Bank and Punjab and Sind Bank.last_img read more

The Thunder Are Falling Apart Without Andre Roberson

In a typical year, the NBA’s All-Star break offers the league’s most dysfunctional contenders a chance to reset, take inventory and right what ails them heading into the final stretch before the playoffs. This season, thanks to Cleveland’s moves at the trade deadline, the post-All-Star watch likely will fall to the Oklahoma City Thunder and how it weathers the loss of Andre Roberson, the beating heart of its defense.After an offseason that included acquiring Paul George and Carmelo Anthony to combine with reigning MVP Russell Westbrook, the Thunder expected to compete at the highest levels. It hasn’t worked out that way. The team is 33-26 at the break and has lost six of its last nine games. There are all manner of reasons for this, from the obvious difficulties of integrating three high-usage stars to the decline of key players on an already-thin squad. (Offseason acquisition Patrick Patterson, who was a reliable stretch 4 for years in Toronto, has disappointed and tanked the offense while he’s been on the court.) Despite all that, the team seemed to have figured something out by January, when it ran off eight straight wins on the strength of its defense and a newly thriving offense. But late in that stretch, Roberson went down with a ruptured patellar tendon. He was lost for the season, and the Thunder had a whole new sort of crisis.Roberson is a singular player in the NBA. He is one of the best perimeter defenders in the league, and at 6-foot-7, he has the size and quickness to guard four positions. Roberson’s effect on the Thunder defense is tremendous. He can switch practically any matchup, cover opposing stars and not only challenge their shots but also dissuade them from even attempting them. His defensive Real Plus-Minus — a stat that heavily favors big men — ranks fourth in the league. Overall, the defense was 12.5 points worse per 100 possessions when he left the floor. His effect doesn’t grade out at quite the same level of Golden State’s Draymond Green or Utah’s Rudy Gobert, but he just about maximizes the impact a perimeter defender can have on a game.Or as Westbrook put it: “I think people outside our building, people across the world always complained about different things Andre didn’t do instead of embracing all the great things he did do. I’ve always embraced Andre and I was always very, very happy he was on my team because of things he did on both sides of the ball. Setting screens, cutting, running the floor. A lot of things that you can’t teach.”Those “things Andre didn’t do,” of course, refer to Roberson being one of the worst regular offensive players in the league. Roberson is a notoriously inept and unwilling shooter. He is shooting 22 percent from the 3-point line this season on a diet of wide-open shots the opposing defense is thrilled to see him take. And yet, his overall effect on the offense doesn’t seem to have been as dire as advertised.Since Roberson went out, Oklahoma City’s defensive rating has been 112.3, which would rank 27th in the league, ahead of only the Cleveland Cavaliers, Sacramento Kings and Phoenix Suns. That’s extreme though not unexpected with Roberson no longer there to cover for weaker defenders like Westbrook or Anthony. But here’s the kick in the head: The team’s offensive ratings has barely budged despite losing one of the worst offensive players in the league, going from 110.9 before Roberson’s injury to 111.8 after it. This is much harder to explain.Roberson didn’t simply deprive his offense of a player who could do a better job of shooting, passing or dribbling. He shrank the court, allowing defenders to roam guilt-free, to harass ballhandlers and make life difficult for anyone establishing post position or running around off-ball screens.So clearly the team would be expected to show more improvement than it has in his absence. But while the overall offense has been flat, the individual stars have thrived with Roberson out. With Roberson on the floor, the Thunder pick and roll barely worked at all, producing just 87 points per 100 chances, according to data from Second Spectrum. It didn’t much matter if it was Westbrook handling the ball (90 points per 100 chances), George (73), Raymond Felton (91) or Carmelo Anthony (94). Without Roberson there, the team’s pick-and-roll points jump to 95. Westbrook and George see especially large jumps without Roberson, landing at 100 and 91 points per 100 chances created on the pick and roll, respectively.It gets stranger: George produced only 77 points per 100 chances on drives with Roberson on the floor; without him, that shot up to 96 — on a significant number of shots. Westbrook, too, goes from 98 points per 100 chances to 105, or the difference between Ish Smith and Victor Oladipo this season. And while Roberson didn’t actually affect the team’s effective field goal percentage overall, both Westbrook and George suffered large drop-offs in their shooting numbers when they shared the court with him.But the Thunder have yet to capitalize on the additional space available with Roberson out. Westbrook has played well in some ways, creating at James Harden/Chris Paul levels on the pick and roll, and poorly in others, shooting just 43 percent from the field and 18 percent from the three in the games since Roberson’s injury. George has been hot from the three — he’s hit at least five 3-pointers in four consecutive games — and has averaged 29.6 points on a 62 effective field goal percentage through those 10 games. But Anthony has gone absolutely dormant, and both he and Westbrook missed two games to injury.There’s plenty to be encouraged by over these past few games. George looks like a different player without Roberson, and all may be right if he and Westbrook are both firing at close to optimal levels by the playoffs. Further, second-year shooter Alex Abrines, seeing increased minutes with Roberson out, has run hot and cold, shooting 35 percent on threes overall since the injury. That should improve over time.But even so, the offense taking a dip despite subtracting a guy who may be the single worst offensive player who’s actually allowed to play s troubling, and Oklahoma City doesn’t have an obvious source of those unteachable qualities Westbrook mentioned — the cutting, the running, the screens. The Thunder’s stars may finally have the room to operate as stars, but its problems are now ones not solved easily by star power.Check out our latest NBA predictions. read more

Court directs Babul Supriyo to retract defamatory statements against Abhishek

first_imgKolkata: The City Civil Court on Tuesday directed the Union Minister of State for Ministry of Heavy Industries and Public Enterprises, Babul Supriyo, to retract the defamatory statements that he made against TMC MP Abhishek Banerjee.It may be recalled that in November 2017, Supriyo had made the “malicious and defamatory” statements against Banerjee at a Press conference stating that the latter “illegitimately profiteered to the tune of Rs 17 to Rs 18 crore against smuggling of coal in Bengal.” It got published and circulated widely in different media and even on social networking sites. Also Read – Rain batters Kolkata, cripples normal lifeIt led to defamation of Banerjee and his counsels moved court in December 2017.The Third Bench of the City Civil Court had granted an interim order of injunction in this connection restraining Supriyo “not to make any derogatory comment or defamatory statement against Banerjee”. The Court on July 24 ordered Supriyo “to retract the defamatory statements made in November 2017 at the Press conference in Asansol against Abhishek Banerjee by sending a letter or otherwise within a fortnight from the date of the order.” Sanjay Basu, Advocate for Banerjee, said: “Babul Supriyo failed to produce any evidence in support of his defamatory statement and hence the Court passed the order of injunction and retraction in favour of Abhishek Banerjee. The falsity in Babul Supriyo’s statement has been exposed.”last_img read more

No toll tax for twowheeler riders on 2nd Hooghly Bridge

first_imgKolkata: The Mamata Banerjee government has decided to waive the toll tax for two-wheelers on Vidyasagar Setu.With the announcement of Chief Minister Mamata Banerjee in this regard, two-wheeler riders will not have to pay Rs 5 anymore to avail Vidyasagar Setu to travel across River Hooghly from October 1.While leaving Nabanna on Thursday, Banerjee said: “The toll tax for two-wheelers on Vidyasagar Setu has been waived. From October 1 onwards, riders of two-wheelers will not have to pay the same.” Also Read – Rain batters Kolkata, cripples normal lifeAround 3.11 crore vehicles pass through the bridge every year and it includes around 84 lakh to 90 lakh two-wheelers. The decision to waive the toll tax for the two-wheelers will cost Rs 5 crore to the state’s exchequer.It may be mentioned that there are separate lanes for two-wheelers at the toll plaza on Vidyasagar Setu. But during rush hours, there are long queues to pay thetoll tax. With this waiver, there will be no more queues of two-wheelers and it will help in bringing down the rate of pollution in the area. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedSecondly, many office-goers need to cross the bridge everyday and they will be tremendously benefitted due to this decision of the state government as they no will no longer have to pay Rs 5 each time — once while heading towards their office and again while returning home. It may be mentioned that the state Secretariat, Nabanna, is situated at a stone’s throw distance from the toll plaza. The decision has been welcomed by the people in general as they do not have to pay any amount to cross the bridge and also wait in queues during the office hours.It may be mentioned that only thetoll tax for two-wheelers has been waived while the same for other vehicles remain unchanged.last_img read more

Samsung Galaxy Fold Smartphone Will Set You Back at Least 1980

first_img This story originally appeared on PCMag February 21, 2019 3 min read Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Register Now » Samsung today announced the nation’s most expensive, and possibly most innovative smartphone: the $1,980 (and up) Galaxy Fold, a 4.6-inch smartphone that expands into a 7.3-inch tablet.”With the Galaxy Fold we are creating a new dimension for your phone and your life,” Justin Denison, Samsung’s SVP of product marketing, said at the company’s Unpacked event in San Francisco.Folded, the Galaxy Fold fits easily in one hand. It unlocks with a fingerprint sensor on the side of the phone. Samsung showed the Fold running a limited selection of standard Android apps on the external screen — including email, Microsoft Office and Google Maps — although it wasn’t clear if all arbitrary Android apps will run on the outside.Samsung showed someone opening Google Maps on the external screen, and then folding the phone open to see the map expand, something the company calls “app continuity.”With the phone open, the Fold can multitask three apps in different windows simultaneously. One appears in a larger window on the left side of the device, while two others appear in smaller windows on the right side.”You can switch between the screens without missing a beat,” Denison said.High-end specsDenison said the Fold has a “7-nanometer” processor, which probably means Qualcomm’s Snapdragon 855. It has 12GB of RAM, 512GB of built-in storage and support for UFS 3.0, which doubles the phone’s memory read speed. Its two batteries total 4,380mAh, and the phone supports wireless charging. The phone will come in both 4G LTE and 5G versions.Samsung added six cameras to the device. Three of the cameras are on the back (wide-angle, regular, and 2x zoom), two are inside in tablet mode (a standard camera and a depth camera), and one is on the front when in phone mode.The device will come in four colors (black, gold, green and blue), and you can personalize the color of the smartphone’s hinge, which enables it to bend.”The Samsung Galaxy Fold answers the skeptics, who thought innovation was dead in the smartphone space,” Samsung mobile chief DJ Koh said.This isn’t the first dual-screen, or folding, phone we’ve seen. The Kyocera Echo, on Sprint, had two screens in 2011, and the ZTE Axon M arrived in 2017. But both of those devices had persistent bezels between their two screen panels, making using them a much less seamless experience than the Fold’s single, folding screen. And neither Kyocera nor ZTE had the market clout of Samsung to get the Android developer community to embrace folding phones with multiple screens.This year, we have already seen a folding phone from Royole, and we expect to see one from Huawei at Mobile World Congress next week.The Galaxy Fold goes on sale on April 26, and will be available from AT&T and T-Mobile in the U.S.last_img read more