How did Amit Shah’s son increase his business fortunes? Rahul Gandhi asks
Raichur: Criticizing Prime Minister Narendra Modi for his comment on corruption in Karnataka under the Congress rule, Congress president Rahul Gandhi on Monday asked Mr Modi to come clean on alleged multiple crore increase in business fortunes of BJP president Amit Shah's son Jay Shah.
Addressing an election rally as part of his Janaashirwada Yatra in Raichur, Mr Gandhi said Mr. Modi has no moral right to speak about corruption by sitting aside BJP's chief ministerial candidate B.S. Yeddyurappa who went to jail in alleged corruption case.
“You (Mr Modi) speak about corruption in Karnataka but (you are) silent about huge increase in business fortunes of Amit Shah's son Jay Shah,” Mr. Gandhi said. Unlike previous BJP regime, the Siddaramaiah government is scam-free, he added.
Moreover, four (former) ministers went to jail and 11 resigned during previous BJP regime in Karnataka for various reasons including corruption, Mr Gandhi said.
Hitting out at Mr. Modi’s “lopsided development model,” Mr. Gandhi claimed while China provides jobs to 50,000 youth per day, the Modi govt provides jobs only to 450 youth per day.
Mr. Modi has no answers to huge unemployment and farmers distress problems, he alleged.
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RBI bars Kotak Mahindra Bank from onboarding new customers via online, issuing fresh credit cards
Mumbai, Apr 24: The RBI on Wednesday barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect after the regulator found serious deficiencies in the lender's IT risk management.
These actions, the RBI said, are necessitated based on significant concerns arising out of Reserve Bank's IT examination of the bank for the years 2022 and 2023 and the continued failure on part of the bank to address these concerns in a comprehensive and timely manner.
"Serious deficiencies and non-compliances were observed in the areas of IT inventory management, patch and change management, user access management, vendor risk management, data security and data leak prevention strategy, business continuity and disaster recovery rigour and drill, etc," the RBI's statement said.
For two consecutive years, the bank was assessed to be deficient in its IT Risk and Information Security Governance, contrary to requirements under Regulatory guidelines, it added.
The Kotak Mahindra Bank has been directed "to cease and desist", with immediate effect, from onboarding of new customers through its online and mobile banking channels and issuing fresh credit cards. The bank shall, however, continue to provide services to its existing customers, including its credit card users.
