-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 »SEARCH RESULT
Total Matching Records found : 420
At 3 crore rural accounts, banks set global record
-The Financial Express The banking sector has opened over three crore accounts in rural India as part of their financial inclusion drive. Compared to the number of rural households in the country of over 22 crore this is about 13 per cent. The government data upto March 31, 2012 also shows the extent to which the banking sector has to stretch to make the Aadhaar programme a success. The Aadhaar roll out of...
More »Cashing in-MK Venu
-The Indian Express The UPA’s cash transfer scheme — delivering over Rs.3.2 lakh crore in subsidies and welfare programmes to the poor, directly to their bank accounts — has raised fears in many quarters about the capacity of a rickety state apparatus to cope with messy implementation issues. Our collective self-confidence about being able to implement any new policy is so low today, we seem to be paralysed by the mere...
More »Aadhaar can fix Kotkasim-like problems: Jairam -Rukmini Shrinivasan
-The Times of India Is Aadhaar the difference between what happened in Kotkasim and what could have been? That's the stand the government is taking, but the critics of the Unique Identification (UID) disagree. After TOI wrote on Sunday of how payment delays were threatening to undo a pilot programme in which cash is transferred to a person's account in place of the kerosene subsidy in Kotkasim, Rajasthan, rural development minister Jairam...
More »Election Commission to rule today on government's cash transfer scheme -Abhinav Bhatt
-NDTV The Election Commission will decide today whether the government violated the rules by announcing a major overhaul of India's welfare system while Gujarat is in the midst of elections. The opposition BJP has complained that the announcement of the direct cash transfer scheme violates the model code of conduct, which kicks in as soon as elections are announced and forbids parties and candidates from sharing decisions or policies that could influence...
More »
