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CVC sets up panel to examine bank frauds of over Rs 50 cr, suggest actions CVC sets up panel to examine bank frauds of over Rs 50 cr, suggest actions Current Affairs  :- Hostile to defilement organization CVC has set up the Advisory Board for Banking Frauds, headed by previous Vigilance Commissioner T M Bhasin, to analyze bank cheats of over Rs 50 crore and suggest activities, in accordance with Finance Minister Nirmala Sitharaman’s call for ensuring legitimate basic leadership. This improvement will impart a feeling of insurance among financiers from arraignment for veritable choices, and advance loaning. It will choose whether the case is a criminal demonstration or a veritable business choice and as needs be, prescribe the future strategy. At the point when gotten some information about the move of the Central Vigilance Commission (CVC), Finance Secretary Rajiv Kumar said this will empower financiers to take certified and monetarily reasonable choice unafraid. ...

Govt tenders worth Rs 25k-cr cancelled, modified for Make in India products A tender worth Rs 8,000 crore was withdrawn and re-issued at the intervention of Department for Promotion of Industry and Internal Trade. Current Affairs :- Government tenders worth over Rs 25,000 crore were either dropped or re-issued after the Department for Promotion of Industry and Internal Trade (DPIIT) ventured in to change their conditions so as to advance ‘Made in India’ merchandise, a high ranking representative said. “The division is making each stride for compelling usage of open acquirement request, 2017, to advance ‘Made in India’ items,” said the authority. The government provided the request on June 15, 2017, to advance assembling and generation of products and ventures in India and upgrade pay and work in the nation. A delicate worth Rs 8,000 crore was pulled back and re-issued with adjusted conditions after the intercession of the DIPP. The venture was connected with setting up...