-The Business Standard Are these people expected to return to their villages and hometowns to hang around waiting for the Unique Identification Authority of India to set up shop? Workers returning to their jobs in metros from remote villages in Bihar and Jharkhand have lately been complaining that they are barred from boarding trains unless they show sufficient identification, including proof of residence in cities. Whether this is a run-up to the...
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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 »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 »Chhattisgarh government paid TV channels for favourable news coverage, claims paper -Suvojit Bagchi
-The Hindu Absolutely nothing wrong in funding the channels in a transparent way, says official Raipur: Raman Singh’s BJP government “has paid for favourable news stories” and “regular live coverage” to a host of national and local television channels, an English language newspaper reported. Furthermore, the senior editors of the channels concerned allegedly wrote to the public relations (PR) department of the Chhattisgarh government “negotiating” rates to produce “news stories” and to ensure...
More »As farmers suffer, NABARD offers soft loans to corporates-Shalini Singh
-The Hindu Private companies get loansat 6.5% with additional cash refunds; for farmers it is 7% The National Bank for Agriculture and Rural Development (NABARD), which is dedicated to promoting rural development by providing soft loans to State governments for social sector projects, has given hundreds of crores as loans to corporates on concessional terms. In the Union Budget of 2011-12, Rs. 18,000 crore was allocated by the Centre to NABARD’s Rural Infrastructure...
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