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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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We Have Created A New Segment That Has Resonated Well With Readers: Short Post Editor

Nothing is more powerful than an idea whose time has come, said Victor Hugo a long time ago. I felt likewise. So instead of waiting endlessly for the Covid-19 tide to ebb, I decided to take the plunge and launch www.shortpost.in on January 28, 2021. This website, the first of its kind in the country, focuses only on short ‘Authentic Gossip’. Clearly, content is king more so if it is short & crisp (225 words), as a large section of our society is steadily shifting to digital and mobile space. To achieve this, I was fortunate to muster editorial support of some of the most senior and respected journalists in the country to bring out credible content that involves, stimulates and entertains our highly discerning readers — from across continents. We have so far uploaded close to 1,000 posts covering areas like Business, Politics, Sports, and Entertainment. Yes, today we have crossed an important milestone in our journey – #ShortPostFirstAnniversary —  and we are confident many more will follow in keeping with our stated vision – to become a one stop site for authentic gossip. So, what next?  With the third wave showing signs of slowing down things can only look better. So as the year rolls by we promise to pack in more punches. Before I sign off I would like to thank our advertiser IDFC FIRST Bank, angel investors Anuradha Verma, Ashish Kakkar and you readers for making this journey possible.