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Cooperative Bank Scam Rocks Kerala, 160 Unable To Return Depositors’ Money
Things took a bleak turn for the Kerala Government recently, when the Thrissur-based Karuvannur Cooperative Bank rejected pleas by a customer to withdraw a part of his deposit of Rs 40 lakh. Consequently, the customer’s wife died as they did not have money to meet the hospital bills for a critical operation. After that similar deeds of mismanagement, embezzlement, and non-disbursement of deposits have surfaced not only from the Karuvannur but other cooperative banks across Kerala. Kerala has 1600 cooperative banks in all, with bulk of them controlled by CPM. The Kerala Cooperative Minister, VN Vasan, admitted in the assembly that 160 cooperative banks are unable to return funds to depositors due to financial crunch. The modus operandi of cooperative banks are simple. The political parties/leaders start the bank first in each district and then in big towns. Local leaders at the municipality, block and ward level, head these banks. They then employ their cadre in the bank as clerks, managers, peons, sweepers etc. Then they use their clout and political muscle to garner deposits promising higher rates of interest than scheduled banks. Loans are then disbursed to those who curry favour with the party and leaders. Home Minister Amit Shah, who is also the Co-operative Minister is yet to swing into action as majority of the 98,042 co-operative banks in India are in two politically sensitive states, Maharashtra and Gujarat.
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Sanjay Raut’s Efforts To Implicate Eknath Shinde In Cash Seizure Ridiculed
Why did Shiv Sena MP Sanjay Raut keep a cash amount allegedly given to him by then Sena minister Eknath Shinde for such a long time at his residence? This question is making rounds of political circles now that Raut has been remanded to ED custody for the next three days. It was claimed by the supporters of Raut soon after his arrest last night that the cash amount of Rs.11.50 lakh recovered by ED from his bungalow in north-east Mumbai’s Bhandup suburb was actually handed over to him by present chief minister Eknath Shinde in the past for the Ayodhya Ram Mandir construction. In fact, eyebrows were raised when seizure of such an insignificant amount was reported by ED. But the feeling soon turned into ridicule when Raut supporters tried to shift the ownership of the cash. Shinde faction’s vocal MLA Sanjay Shirsat fired a volley of questions. He said, “There is nothing to show that the amount was given to Raut by Shinde. But even if one assumes this claim to be true, why did Raut keep this cash with him for such a long time? Why was it not sent to Ayodhya? Why is this explanation coming only after the ED action?” Shinde merely retorted, “The loudspeaker that used to start every morning at 8 is silenced.”
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The Complete Picture: Street View Service Back On Google Maps
Six years after being banned, Google is relaunching its street view service in India in partnership with Tech Mahindra and Genesys International. Starting Wednesday (August 3) — Street View — which displays 360 degree panoramic street-level images will be available in Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Pune, Nashik, Vadodara, Ahmednagar and Amritsar. Google intends to expand the service to 50 cities by 2022. Starting with Bengaluru, Google Maps will also inform users of the speed limits data shared by traffic authorities. The Mumbai-based Genesys International has been a pioneer in the introduction of street imaging maps in India. Over the next 12 months, Genesys plans to cover all of urban India street imaging, spanning over a million kms. This makes it the largest street imaging exercise in the country. Genesys has the technology and capability to capture almost 150,000 unique kms of street imaging data, according to Sajid Malik, Chairman & Managing Director. To put this number into perspective, the island city of Mumbai is 5000 unique kms. The company is building one of the biggest imaging platforms in India, across both street and aerial, in sync with the Prime Minister’s vision of Digital India reflected in the geospatial policy, added Malik.

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Editor’s Note: Short Post Noticed By People Who Matter

Four years have zipped by and we are crossing another milestone on 31st January 2025 – it’s our 4th Anniversary. It feels good.
Looking back at the 1460 days, I must say Short Post has made its mark with people who matter via 4000 stories published in the areas of politics, business, entertainment and sports. All made possible by the unflinching commitment and dedication of our senior editors, most of whom have been part of this journey from Day One.
Small pack, big impact is in essence the story of Short Post which was launched at the height of the Covid-19 pandemic in 2021. It shows our conviction. In all humility, I can say, we have created a new niche in the news segment space like Hindustan Unilever which created a new segment, when it launched CloseUp Gel.
Yes, we have created a brand (in a limited sense), created demand (readers) and created supply (senior journalists). But we are facing teething problems like all start-ups. What makes us happy and confident is the recognition of our efforts. For instance, we have an arrangement with the OPEN Magazine, part of the $4.5 billion Kolkata-based Sanjiv Goenka-RPG Group. This arrangement sees around 10 Short Post stories posted on OPEN Magazine website every week. This arrangement is testimony that our content has been well received! Also, I may add that the Maharashtra government has recognised Short Post and has allowed our senior editor to cover the Assembly sessions. Ditto: Odisha.
Our goal is to ensure that Short Post becomes a habit. I would like people to keep checking their smartphones to know the latest Authentic Gossip. As regards AI and the fear of it disrupting all businesses including media. On that, personally, I have no such fear as I am confident AI cannot smell news particularly Authentic Gossip. That’s the place we are well entrenched.