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Bank fraud in India: THIS state recorded the highest scams in 9 months

As per the data released by the RBI, India lost a whopping Rs 34,097 crore in the last nine months.

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Bank fraud in India

The Reserve Bank of India released a latest data showing that India lost nearly Rs 100 crore every day to bank frauds over the past seven years. In the last nine months, as many as 27 scheduled commercial banks and financial institutions reported ninety cases of fraud.

As per the data released by the RBI, India lost a whopping Rs 34,097 crore in the last nine months.

Punjab National Bank topped the list of frauds with Rs 4,820 crore. The Bank of India secured the second spot with 13 frauds worth Rs 3,925 crore. The third highest number of frauds took place in Yes Bank. As per the data, 11 frauds worth Rs 3,869 were witnessed by the bank.

State Bank of India had eight frauds involving Rs 3,902 crore and Canara Bank had five frauds amounting Rs 2,658 crore.

Which state recorded the highest bank frauds in the last nine months?

Read Also: Why did ED summon journalist Rana Ayyub?

The state that recorded the highest number of bank frauds is Mumbai. The financial capital involved 50% of the amount out of the total bank scams in India. Delhi, Telangana, Gujarat, and Tamil Nadu witnessed the second, third, fourth, and fifth respectively number of frauds.

According to the RBI data, these five states together accounted 83% of bank frauds amounting Rs 2 lakh crore.

RBI classifies frauds under eight categories

  • Misappropriation and criminal breach of trust
  • Fraudlent enchashment through forged instruments
  • Manipulation of books of account or through fictitious accounts and conversion of property
  • Unauthorised credit facilities extended for reward or for illegal gratification
  • Negligence and cash shortages
  • Cheating and forgery
  • Irregularities in foreign exchange transactions

In other news, Amid the hike in the rate of petrol and diesel price, the former Congress President Rahul Gandhi slammed Prime Minister Narendra Modi over his to-do list. Read the full list here.

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Petrol and diesel prices go up by 80 paise again in seventh consecutive hike, total hike now at Rs 5.6

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Nitish Kumar’s JD(U) withdraws support to BJP-ruled government in Manipur

The BJP currently holds a commanding majority in the 60-member assembly, with 37 MLAs of its own, supplemented by five MLAs from the Naga People’s Front and three independents.

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In a significant political manoeuvre, the Janata Dal (United), led by Nitish Kumar, has withdrawn its support from the BJP-led government in Manipur, marking a dramatic shift in the state’s political landscape.

The JDU’s lone MLA in the Manipur Assembly will now occupy a seat among the Opposition ranks, signalling a clear break from the ruling coalition. While this development is unlikely to destabilize the BJP’s firm grip on power, it carries substantial symbolic weight, considering the JDU’s crucial role as a key ally of the BJP at the national level and in Bihar.

The decision follows a similar move by the National People’s Party (NPP), which governs Meghalaya, several months ago. The JDU’s initial success in the 2022 Manipur Assembly elections, securing six seats, was short-lived. Within months, five of its six MLAs defected to the BJP, bolstering the ruling party’s numbers and solidifying its position.

The BJP currently holds a commanding majority in the 60-member assembly, with 37 MLAs of its own, supplemented by five MLAs from the Naga People’s Front and three independents.

Ksh Biren Singh, who heads the Manipur unit of the JDU, formally communicated the party’s decision to withdraw support in a letter addressed to Governor Ajay Kumar Bhalla. The letter meticulously outlines the sequence of events, starting with the JDU’s electoral performance in the 2022 Assembly elections, the subsequent defection of five MLAs to the BJP, and the ongoing legal proceedings against these defectors under the Tenth Schedule of the Indian Constitution.

The letter explicitly states that the JDU’s decision to withdraw support is directly linked to its recent affiliation with the INDIA bloc, a formidable coalition of opposition parties.

The letter further emphasizes that the JDU’s lone remaining MLA in Manipur, Md. Abdul Nasir, will be formally recognized as an opposition MLA, reflecting the party’s complete withdrawal of support for the BJP-led government. The seating arrangement for Md. Abdul Nasir in the opposition benches was already implemented during the last session of the Assembly.

This political realignment assumes added significance given the JDU’s prominent role in the national political arena. The party secured 12 seats in the recent general elections, contributing significantly to the BJP’s overall majority.

The BJP and JDU remain allies in Bihar, a state gearing up for Assembly elections in the near future. Kumar, the JDU president and Chief Minister of Bihar, has a track record of shifting political allegiances, adding a layer of complexity to the current situation.

His return to the NDA fold last year, after a stint as a key player in the INDIA opposition bloc, highlights his unpredictable political manoeuvring. The JDU’s withdrawal of support from the Manipur government underscores the fluid nature of political alliances in India and the ever-changing dynamics of power.

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Centre extends National Health Mission for five more years

The next five years will likely see continued efforts to strengthen primary healthcare, improve access to essential services, and address health disparities across urban and rural populations.

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The central government has shown its commitment to public health by extending the National Health Mission (NHM) for another five years, effective January 22, 2025.

This decision, announced following a Union Cabinet meeting, underscores the program’s significant achievements over the past decade. Union Minister Piyush Goyal highlighted the NHM’s remarkable progress, particularly its instrumental role in navigating the challenges posed by the COVID-19 pandemic.

The NHM’s evolution reflects a strategic approach to addressing healthcare needs across India. Initially launched in 2005 as the National Rural Health Mission (NRHM), its focus was on improving healthcare access in rural areas.

Recognising the importance of urban health infrastructure, the program expanded significantly in 2012 with the integration of the National Urban Health Mission (NUHM). This restructuring led to the renaming of the program to the National Health Mission, encompassing both rural and urban healthcare initiatives under a unified framework.

The NHM’s success is evident in the substantial expansion of its workforce. Between 2021 and 2022 alone, nearly 1.2 million healthcare workers joined the mission, bolstering its capacity to deliver essential services.

This workforce proved critical during the COVID-19 pandemic, playing a pivotal role in the nationwide vaccination drive. The NHM’s existing network of healthcare facilities and personnel facilitated the administration of over 2.2 billion COVID-19 vaccine doses between January 2021 and March 2024, a monumental achievement in the fight against the pandemic.

Furthermore, the NHM’s contribution extended beyond vaccination. The India COVID-19 Emergency Response and Health Systems Preparedness Package (ECRP), implemented in two phases under the NHM, strengthened the healthcare system’s capacity to manage the pandemic effectively. This initiative involved significant investments in infrastructure, training, and resource allocation to enhance the preparedness and response capabilities of healthcare facilities across the country.

The continued funding and expansion of the NHM demonstrate the government’s long-term commitment to improving the health and well-being of its citizens. The program’s success in tackling the COVID-19 pandemic serves as a testament to its effectiveness and resilience.

The next five years will likely see continued efforts to strengthen primary healthcare, improve access to essential services, and address health disparities across urban and rural populations.

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On 10 years of Beti Bachao, Beti Padhao, Kharge slams BJP for siding with criminals

Kharge questioned the effectiveness of the BBBP initiative, highlighting its largely symbolic measures such as slogans on trucks and walls. He argued that these superficial actions fail to address the critical issues of employment opportunities, healthcare access, and justice for victims of atrocities.

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On the tenth anniversary of the government’s flagship women’s empowerment scheme, “Beti Bachao, Beti Padhao” (BBBP), the Congress president Mallikarjun Kharge levelled scathing criticism against the ruling BJP, accusing it of prioritising the protection of criminals over the safety and well-being of women.

In a statement released on X (formerly Twitter), Kharge questioned the BJP’s commitment to the initiative’s goals. He posed several pointed questions, demanding accountability for the high rate of crimes against women and the apparent lack of justice for victims in high-profile cases such as those in Manipur, Hathras, and Unnao.

Kharge highlighted the alarming statistic of 43 crimes against women being reported every hour in India, further emphasizing the discrepancy between the BJP’s public pronouncements on women’s safety and the reality on the ground. He also noted that 22 crimes are registered daily against women and children from vulnerable Dalit and tribal communities.

Kharge also raised concerns about the allocation of funds for the BBBP scheme. He alleged that until 2019, nearly 80% of the allocated budget was spent on advertising, a claim reportedly substantiated by a Parliamentary Standing Committee.

Following this revelation, funding for the scheme was drastically reduced by 63% between 2018-19 and 2022-23. The subsequent merging of BBBP with the ‘Sambal’ scheme under ‘Mission Shakti,’ and the subsequent lack of transparency regarding its funding, further fueled the Congress’s accusations of a government cover-up. Kharge pointed out a further 30% reduction in funding for ‘Sambal’ in 2023-24.

Kharge questioned the effectiveness of the BBBP initiative, highlighting its largely symbolic measures such as slogans on trucks and walls. He argued that these superficial actions fail to address the critical issues of employment opportunities, healthcare access, and justice for victims of atrocities.

The Congress leader concluded by describing the BJP’s claims of addressing violence against women as “hollow advertisements” indicative of hypocrisy after a decade of the scheme’s existence.

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