The finance ministry may have amended the Prevention of Money Laundering Rules, 2005, to notify Aadhaar as adequate to meet KYC norms for opening bank accounts, putting it alongside other identity proofs, but banks are still confused Is a unique ID number or Aadhaar number issued by the Unique Identification Authority of India (UIDAI) enough to satisfy the so-called know-your-customer (KYC) norms that banks have to ensure every account they open...

-The Indian Express   Weighing in on the current debate on allowing voters the right to recall their representatives, the chief election commissioner has flagged off the destabilisation this could bring to the system. As the person in charge of overseeing free and fair elections in the country, he understandably focused on the wherewithal required to sustain such easy recourse to votes to recall legislators and elect their replacements that some civil...

With the bureaucratic machinery failing to deliver desired results, the Centre is tapping professionals from the open market to ensure better implementation of its flagship programmes, National Rural Livelihood Mission (NRLM) and MGNREGA at both national and State level. It has invited letters for Expression of Interest (EOI) from qualified and experienced consultancy firms for management support for the NRLM which aims to mobilise seven crore below poverty level (BPL) households...

The draft of National Food Security Bill has been uploaded on the internet. Congress President Sonia Gandhi's illness had derailed the grand launch of her dream project during the Parliament's monsoon session. The draft appears on the website of the Department of Food and Public Distribution, inviting the public for its comments and suggestions by September end. Gandhi is believed to have pulled up Food Minister KV Thomas for not tabling...

Five years after the government launched its flagship job creation programme, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is set to get a make-over. Sources tell NDTV that government is mulling private sector participation. Under a new draft the government will continue to pay 100 days of wages, and companies will only have to pick up a wage bill for the remaining 265 days. Cottage, small scale and medium sized...