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Cooper Union college plans to bring back free tuition

Cooper Union college plans to bring back free tuition

Finance
When it comes to college, rising costs are more reliable than a degree. However, some schools are bucking the trend, slashing tuition in hopes of attracting more students and families struggling with the weight of a college tab . Most recently, Cooper Union for the Advancement of Science, in the heart of New York City, announced a return to full-tuition scholarships for all undergraduate students. Cooper Union, founded in 1859, had long been tuition-free but dialed back its commitment that education be "as free as air and water" and began offering st...
NFL, players' union at impasse on national anthem policy

NFL, players' union at impasse on national anthem policy

Sports
The NFL and its players association "have come to a standstill agreement on the NFLPA's grievance and on the NFL's anthem policy," they said in a joint statement on Thursday night. The NFLPA filed a grievance on July 10 against the NFL's new national anthem policy that requires players and league personnel to either stand for the anthem or remain in the locker room. The policy also subjects teams to a fine if a player or any other personnel do not show respect for the anthem. Now, that policy is on hold while the NFLPA and the NFL negotiate. "No new rules relating to the anthem will be issued or enforced for the next several weeks while these confidential discussions are ongoing," the joint statement read. "The NFL and NFLPA reflect the great values of America, which are repeatedly d...
Advertisement featuring Bachchan, daughter raises hackles of bank union

Advertisement featuring Bachchan, daughter raises hackles of bank union

Finance
A one-and-a-half minute long advertisement for a Kerala-based jewellery chain featuring Amitabh Bachchan and his daughter has come under attack from a bank union which termed it "disgusting" and aimed at creating distrust in the banking system. All India Bank Officers' Confederation, an organisation claiming to have membership of around 3,20,000 officers, today threatened to sue Kalyan Jewellers accusing it of "casting aspersion and hurting the sentiments of millions of personnel" through the advertisement. AIBOC general secretary Soumya Datta alleged that the theme, tone and tenor of the Ad were "disgusting, derogatory, to say the least and is aimed to create distrust in the banking system, for pure commercial gain." Kalyan Jewellers rejected the allegation, saying it was "pure fiction." ...
RBI must act as an alert inspector, not just off-site surveyor, says bank union

RBI must act as an alert inspector, not just off-site surveyor, says bank union

Finance
Reserve Bank union today requested Governor Urjit Patel to monitor banks through a combination of risk-based supervision, off-site surveillance and on-site inspections of operational systems. In a letter written to the governor, the union suggested that the RBI should undertake random supervision of bank branches in all parts of the country periodically - possibly 10 per cent of bank branches comprising all regions on an annual basis. "We would request you that RBI monitoring of banks should be a triad - a combination of risk-based supervision, off-site surveillance and random on-site inspections of operational systems, which, we feel, will give the best result instead of RBI totally dispensing with on-site inspections," the union said in the letter. "We strongly feel that RBI must remain ...
Union Bank says has $45 mln direct exposure to Nirav Modi, Gitanjali firms

Union Bank says has $45 mln direct exposure to Nirav Modi, Gitanjali firms

Finance
Union Bank of India has direct credit exposure of about Rs 120 crore ($ 18.4 million) to companies controlled by jeweller Nirav Modi, and another Rs 175 crore ($ 26.9 million) to Gitanjali group of companies, its chief executive told Reuters on Friday. Companies belonging to Modi and his uncle Mehul Choksi, who heads the Gitanjali group, have been accused by Punjab National Bank of defrauding the bank of over $ 2 billion. The bank alleges firms controlled by the duo colluded with rogue PNB staff to secure fraudulent guarantees that were used to raise credit from overseas branches of Indian banks. Both Modi and Choksi have denied wrongdoing, and so have two key accused PNB employees in the case, which has so far led to 19 people being arrested. The latest Union Bank figures are separate fro...