-The Business Standard Says licence terms extended to 15 years on advice of erstwhile Industrial Credit and Investment Corporation of India, a lender to many telcos Giving a clean chit to Prime Minister Manmohan Singh on the 2G spectrum allocation case in 2008, the Joint Parliamentary Committee (JPC) that looked into telecom spectrum allocations has turned the heat on the numerous decisions taken in the sector between 1998 and 2004, during...
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Cobrapost sting: RBI gets stricter on money laundering, banks ask customers to resubmit IDs -Sangita Mehta
-The Economic Times MUMBAI: If you get a phone call from your long-time banker asking you to resubmit your name and address proofs, don't be surprised or irritated. It is the fallout of the Reserve Bank going beyond the cobrapost.com expose on unethical practices of banks, forcing them to go back to the drawing boards to weed out bogus and wrong documentation that allowed many people to open accounts and launder...
More »Cobrapost sting: Staff at ICICI Bank, HDFC Bank and Axis Bank may have violated KYC norms, says RBI
-The Economic Times MUMBAI: The employees at ICICI Bank, HDFC Bank and Axis Bank may have violated know-your-customer norms and helped clients evade taxes, the Reserve Bank of India's investigation has found. "Banks opened current account based on power of attorney without KYC," ET Now reported citing people familiar with the report. "Banks gave cash advances for gold purchases", which is a violation of norms, it said. The central bank and the...
More »Soon, voter ID cards to get a sleek makeover -Bharti Jain
-The Times of India The humble elector's photo identity card - commonly called voter EPIC - is getting a sleek makeover. The laminated paper cutout, with a rather grainy black and white photograph, is set to transform into a shiny, plastic card with a colour photo of the voter, just like a driving licence. "The plastic card will be more aesthetic and durable. It, will, however, not be a smartcard like the...
More »Protest in Home Ministry Over Non-Payment of Wages
-Outlook Union Home Ministry, the nerve centre of country's internal security today witnessed a protest by over 200 contractual employees outside the office of a senior official over non-payment of dues. As many as 204 employees stood outside the office of Joint Secretary (Administration) Bhagwan Shankar inside the ministry in support of their demand for release of wages. The Home Ministry had hired the Services of a private manpower firm -- Xecute...
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