GJ Town India

Comprehensive steps for timely checking &     Early detection of financial frauds! Occurrence of frauds was enabled by laxity in the financial system, and the underlying causes have been systematically dealt with by the Government through comprehensive steps for reduction in occurrence of frauds, and their proactive checking and timely detection. The steps taken in this regard include, inter-alia, the following: 1. Government has issued “Framework for timely detection, reporting, investigation etc. relating to large value bank frauds” to Public Sector Banks (PSBs), for systemic and comprehensive checking of legacy stock of their non-performing assets (NPAs), which provides, inter-alia, that-2. all accounts exceeding Rs. 50 crore, if classified as NPAs, be examined by banks from the angle of possible fraud, and a report placed before the bank’s Committee for Review of NPAs on the findings of this investigation; 3. Examination be initiated for wilful default imme

2018 end witnessed About 340 reforms on EoDB Online Single Window System Designed and implemented in 21 State/UTs!  Sixteen States have implemented 75% or more of the 340 reforms based on Implementation Score in Business Reform Action Plan 2016.In Business Reform Action Plan 2017-18, 18 States have achieved a combined score (Reform evidence score and Feedback score) of more than 75%. In the row of top achievers who undertakes reforms over 95% are, 1: Andhra Pradesh-98.30, 2: Telangana-98.28, 3: Haryana-98.06. Gujarat is on number 5 with 97.99. Maharashtra is not in the list of top 10. It attained 13 places with reform implementation of 92.88%. The ease of doing business initiative of the government is achieved through Business Reform Action Plan wherein the endeavor is to make the processes simpler and transparent, reduce the timelines for various regulatory approvals and eliminate physical interface between the department and the business with the ul