January 24th, 2022

Monday, January 24th, 2022

Vladivostok fire witnesses dispute official death toll of nine, claim at least 50

Monday, January 23, 2006

At 11:45am on January 16, in Vladivostok, Russia, a fire broke out on the three upper floors of the Sberbank building.

Photographs taken by eye-witnesses show people, who were trapped, dropping from 8th floor windows to their deaths. According to some reports the firemen who were dispatched to the scene were pre-occupied at the rear of the building. They had apparently been ordered to evacuate the bank and its management from the area, which was not under immediate threat.

Official Russian media initially denied the fire, accusing the reports of being false.

Russian media later confirmed 7 and then, 9 dead. Witnesses and those rescued from the burning building have claimed that the figure exceeds 50.

A maintenance employee who worked in the building was quoted as saying, “I know at least about 13 dead inside … that’s the least I’ve noticed, not to consider those who’ve dropped down … 8 of them dropped, looking at the three already dead on the ground, but they went through the windows without hope to be rescued … They collected and hid the dead bodies inside. I work at this building! I know its layout very well! To declare, as it become clear, a less number of the dead later.”

“My daughter worked in a justice department,” – Natalia, one of the witnesses said. “She said that there were actually much more dead – up to 70. She went on the dead bodies, getting out from the building … some of them were so scorched, that it was impossible to identify them… 9 victims? That’s a lie!”

Georic, a witness: “The cops (“menty”), whom I know, say that they’ve been loading the dead bodies all night long.”

Lelya has posted her evidence on January 21, 2006 on the web-site http://news.vl.ru/vlad/2006/01/18/tradegy/ “My brother worked in that building, on the 6th flour. So, the night after the fire they visited the building to collect the documents, etc. and they saw how workers transported the dead bodies. He said, there were 50-60..”

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Monday, January 24th, 2022

Indian banks propose to use gold deposits as CRR/SLR

Monday, June 30, 2014

State Bank of India (SBI) and Bank of Baroda (BoB), two of the largest public sector banks of India, proposed on Saturday their gold deposits should be allowed to count toward their state-mandated cash reserve ratio (CRR) or statutory liquidity ratio (SLR).

Arundhati Bhattacharya, the chairperson of SBI, made the proposal at a Gem & Jewellery Export Promotion Council event held in Mumbai on Saturday. She said the need for gold deposits to become more liquid has increased because gold import is putting a strain on the country’s current account deficit. S. S. Mundra, Chairperson and managing director of BoB, agreed and said it would help bringing gold into the more productive sectors of the economy.

Bhattacharya added SBI has no longer any incentive to run its gold deposit scheme as it cannot fully deploy the assets, noting SBI is the party most involved with gold deposits in India. G. S. Sandhu, Union financial services secretary, also at the event, responded that the government is looking for ways to monetize the gold held by the public, as import of gold can strain the current account deficit and foreign exchange reserves.

Currently, the Reserve Bank of India has set the CRR at 4% and the SLR at 22.5%. SLR is the portion of deposits that must be invested in recognized safe securities and assets.

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