PREVENTIVE STEPS

Source: The Hitavada      Date: 17 Apr 2018 11:56:47

 

 


 

 

 

 

 

 

 

 

THE transparency watchdog of the country --the Chief Vigilance Commission (CVC) -- has taken a welcome decision to call for details of frauds worth over Rs. 3 crore from banks. Such a collection of data will help the watchdog to alert banks about a likely fraud and take preemptive measures. The recent frauds involving public sector commercial banks have necessitated putting in place some preventive mechanism whereby corrective measures could be taken to save public money from being swindled by unscrupulous elements. Such mechanism will also help top level managements to keep a watch not only on those who are likely to defraud the bank but also on their own staffers if there is a nexus. The Punjab National Bank fraud has taken place largely because higher-ups in the banks connived with the fraudesters because there was a total laxity in dealing with high profile borrowers and lack of follow-up action to ascertain the genuine requirement of the borrower, his ability to repay in a time-bound manner and suitable collateral to match the loan amount.

REAL RATINGS

IN THE war of being the best in India, almost all television channels boast of higher Television Rating Points (TRPs) for its programmes. Authenticity of these TRPs is usually ambiguous, for, it is based on a measure that is too small in number to assess the exact viewership. To remove this ambiguity and to establish “more authentic” viewership figures the Information and Broadcasting Ministry has proposed installation of chips in set-top boxes. The proposal looks genuine since it will assess more viewers meter to determine popularity of a particular channel or programme. The earlier methods employed by the Broadcast Audience Research Council of India (BARC) did not quite verify the manner in which the popularity figures were achieved. Such uncertainty does not do justice to the viewers as well as the advertisers, who zero in on a particular channel or a time slot to market products. Installation of chips in set-top boxes would help remove this ambiguity too, provided the proposal is implemented without bias towards any particular entity.