-Down to Earth More than creating financial crunch for upcoming sowing season, cash crunch is impacting the prices at which farmers are selling their produce While the Union government is promising that cash crunch in the market would end soon, the farmers have already started feeling the pinch badly. The fears of demonetisation have come back for them. They are in soup because not only is this the harvest season, but also...
More »SEARCH RESULT
Total Matching Records found : 245
Gujarat braces for cash shortage as chests dry up -Rutam Vora
-The Hindu Business Line Ahmedabad: Ahead of the kharif sowing season, Gujarat is facing a cash shortage as banks have started receiving lesser cash than required from the RBI. This has resulted in the rationing of cash disbursements at several banks in parts of Gujarat, mainly in the north. Banking sources confirmed experiencing cash shortage at the currency chest level from where the disbursement of cash takes place to the bank branches. There...
More »Banks told to be vigilant on Aadhaar -Manojit Saha
-The Hindu Use OTPs only in the presence of customers: UIDAI The Unique Identification Authority of India (UIDAI) has asked banks to provide Aadhaar-based onetime password (OTP) for opening of bank accounts only in the presence of the customer, in a banking outlet. In a letter addressed to commercial banks, UIDAI Chief Executive Officer Ajay Bhushan Pandey cited instances of misuse of Aadhaar while opening accounts. The direction is a huge blow to the...
More »Landless cultivators to be farmers too! Change of definition to extend assorted benefits to 14 cr currently excluded -Prabhudatta Mishra
-The Financial Express Over 14 crore households who cultivate on land owned by others under a formal lease agreement or even under a temporary arrangement overseen by the gram panchayats or other official functionaries may soon start getting assorted sops doled out to “farmers” by the government just as their land-owing counterparts do. According to official sources, the definition of farmer will be changed via a gazzette notification to include cultivators...
More »UIDAI tightens norms for Aadhaar-bank account linking -Vikas Dhoot
-The Hindu According to the latest rules, ‘explicitly informed consent’ from customers has been made compulsory. Following the Airtel India-Aadhaar subsidy fiasco, the Unique Identification Authority of India (UIDAI) on Tuesday has tightened the norms for mapping Aadhaar number to a different bank account. According to the latest rules, ‘explicitly informed consent’ from customers has been made compulsory. The National Payments Corporation of India (NPCI) will disable the override feature that UIDAI said was...
More »
