-The Indian Express The 612 Indians on the list of those who have invested in tax havens such as the British Virgin Islands include two MPs, a former royal and top industrialists. RITU SARIN puts together details of 20 among them SONU LALCHAND MIRCHANDANI Mirchandani is the founder of popular consumer electronics firm Onida. Mirchandani and his wife, Soni, opened a BVI company called Strong Wing Overseas Ltd in 2006 with an authorised...
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Is UID-linked cash transfer a good idea?-Sreelatha Menon
-The Business Standard Reetika Khera Professor, Indian Institute of Technology, Delhi* “Aadhaar is being made de facto compulsory for welfare schemes. With two-thirds without Aadhaar, they are bound to be denied entitlements” There are three components of the government’s direct benefit transfer scheme — computerisation, extending banking services and linking the benefits with Aadhaar. The real game-changers are the first two, whereas Aadhaar-enabled transfers carry the risk of excluding current beneficiaries. The Central government has...
More »RBI’s KYC guidelines: You can now open a bank account with just one document-Vivek Sharma
-MoneyLife.in The latest RBI KYC guidelines for opening new bank accounts make it a lot easier for common man as only one document would suffice as proof of identity and proof of residence The Reserve Bank of India (RBI) has come with modifications in KYC (Know Your Customer) guidelines. These modifications have been introduced as per the circular date 10 December 2012 (RBI/2012-13/322 DBOD.AML.BC. No. 65/14.01.001/2012-13). It is important to note that...
More »Now, govt. okays multiple LPG connections -N Ravi Kumar
-The Hindu New norms come after many households in city surrender additional permit Here’s some relief to large households worried about restrictions on LPG connections. They need not surrender the additional connection. As per the new norms announced by the Ministry of Petroleum and Natural Gas on Friday, consumers can retain multiple connections but will have to shell out more for the cylinders. They will be priced thrice as much as the subsidised...
More »New gas cylinders to be available only after strict checks- Rajeev Jayaswal
-The Economic Times Cooking gas dealers will no longer be able to enroll new customers as the government has centralised the process and asked the state firms to approve fresh applications after verifying that the applicant does not have multiple connections from different agencies. "Customers can submit applications for a new connection to a local distributor with valid documents but it will only be processed and approved by oil companies after verification...
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