-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...
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Retail FDI: an imagined solution-VK Madhavan
-Live Mint FDI or not, there are problems that plague Indian agriculture and will need to be fixed first With the parliamentary vote on foreign direct investment (FDI) in multi-brand retail out of the way, the government will proceed with the liberalization of this sector as it thinks it will improve the prospects of agriculture. Should we be worried about our small neighbourhood stores shutting down? The fears are overblown. Organized large-format retail...
More »Retail store builders set to get FDI boost -Sachin Dave
-The Hindustan Times As both Houses of Parliament cleared the way foreign direct investment (FDI) in multi-brand retail, the mood of commercial real estate developers, who were facing a tough time building and renting out malls, is expected to look up. A revival of investment plans is on the cards. The supply of rental spaces across India recorded a drop of 65% in 2012 from the previous year, according to a report...
More »Child mortality: Rates of concern -TK Rajalakshmi
-Frontline A JOINT study by the UNICEF and the National Institute of Medical Statistics (a division of the Indian Council of Medical Research) on the levels, trends and determinants of infant and under-five mortality has concluded that at the current pace, India is unlikely to achieve the Millennium Development Goal (MDG) targets or the child survival goals of the Twelfth Plan. This, despite there being a consistent decline in the infant...
More »One-third of BDOs in Bihar face corruption charges -Santosh Singh
-The Indian Express Patna: Out of 534 block development officers Posted across Bihar, 181 or one-third are currently facing probe — mostly for alleged misuse and misappropriation of fund meant for the Indira Awas Yojana. In fact, 58 BDOs face corruption charges for their dubious role in the implementation of IAY. This was revealed in an RTI query by Buxur resident Shiv Prakash Rai, who had asked for a list of...
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