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RBI governor appears before Parliamentary panel; assures steps to strengthen banking system

RBI governor appears before Parliamentary panel; assures steps to strengthen banking system

Finance
RBI Governor Urjit Patel today faced tough questions from a parliamentary panel on bad loans, bank frauds, cash crunch and other issues even as he assured the members that steps were being taken to strengthen the system, sources said. Sources present at the meeting of the Parliamentary Standing Committee on Finance said the RBI Governor expressed confidence of tiding over the crisis regarding non-performing assets (NPAs). Some members of the committee, headed by senior Congress leader Veerappa Moily, sought to know about the reasons for recent instances of ATMs running out of cash and why enough steps were not taken to tackle banking frauds. Patel told the panel that steps were being taken to strengthen the banking system. "We are confident that we will be able to tide over the crisis," a ...
Acting Cambridge Analytica CEO steps down amid Facebook scandal

Acting Cambridge Analytica CEO steps down amid Facebook scandal

World
April 11 (UPI) -- The acting CEO of Cambridge Analytica -- the data mining firm accused of improperly accessing data from millions of Facebook users -- stepped down Wednesday, the company announced.The company's board of directors said Alexander Tayler would leave the role to return to his former position as chief data officer. There, he is expected to "focus on the various technical investigations and inquiries," a news release from the company said.Cambridge Analytica didn't say why Tayler stepped down or who would take over as chief executive.Tayler stepped into the position after Cambridge Analytica suspended CEO Alexander Nix on March 20.The company said it was investigating comments Nix made in an undercover recording, which said Cambridge Analytica could secretly compromise politica...
Donald Trump steps up attacks on Amazon

Donald Trump steps up attacks on Amazon

Technology
President Donald Trump has stepped up his attacks on Amazon, suggesting the online retail giant is ripping off the US Postal Service. The US Post Office would lose $ 1.50 (£1.07) "on average for each package it delivers for Amazon", he tweeted, but supporters of Amazon dispute this. Mr Trump also said the Washington Post newspaper was a "lobbyist" for Amazon. Amazon owner Jeff Bezos also owns the Washington Post, which publishes stories unpalatable to the president. Like most mainstream media, the Post has reported on stories including Special Counsel Robert Mueller's continuing investigation into links between the Trump election campaign and Russia, as well has his alleged relationship with porn star Stormy Daniels. Saturday's edition details how three different legal teams are scrutinis
Ant McPartlin steps down from TV shows and seeks treatment

Ant McPartlin steps down from TV shows and seeks treatment

Entertainment
Presenter Ant McPartlin has stepped down from his TV roles following his arrest on suspicion of drink driving. His publicist said McPartlin, who spent time in rehab last year, was taking time off "for the foreseeable future" and would have further treatment.ITV's Saturday Night Takeaway will not air this weekend and the final two episodes, scheduled for 31 March and 7 April, won't feature McPartlin.The star was involved in a collision in south-west London on Sunday.His decision to step down comes following talks with his presenting partner Declan Donnelly and with ITV.Orlando finaleThe final episode of ITV's award-winning Saturday Night Takeaway was due to be broadcast live from Universal Orlando Resort in Florida, with 200 fans of the show flying out in a specially-chartered plane. Star g...