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Chinese loan apps misuse KYC details of Indians to set up fake bank accounts -Mithun MK

-TheNewsMinute.com There have been cases of people saying that their KYC details, which were shared with the Chinese loan apps, were used to open bank and crypto exchange accounts in their names, without consent. Shonali*, a 48-year-old lecturer from West Bengal was laid off from a private university in March 2020. The lecturer, facing financial stress, turned to Chinese-owned instant loan applications that provide microloans without collateral, but at high-interest rates. Shonali...

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Aadhaar data to be deleted if mobile customer gives alternative KYC documents, says telecom body COAI

-PTI Government says there is no threat of discontinuation of mobile numbers issued using Aadhaar. New Delhi: Mobile service customers who want to get their Aadhaar details removed from the records of telecom operators would need to provide alternative verification documents, industry body COAI said on October 18. The Cellular Operators Association of India, as also directed by the Department of Telecom, said that the services will not be disconnected during the change...

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The Great Transparency 'Jumla'

-Newsclick.in Electoral bonds are neither 'transparent' nor 'anonymous'. In the latest revelation, file notings of the Election Commission of India (ECI) have showed that it had decided against uploading a letter – which talked about its reservations regarding the Finance Act, 2017 and introduction of the electoral bonds – on their website. The notings have been disclosed through a response to an application under the Right to Information Act (RTI) filed by...

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Electoral Bonds prize anonymity, you won't know who's bought them -Milan Vaishnav

-The Indian Express Far from reducing opacity in how politics is financed, this new vehicle merely legitimizes it. It is an open secret that political finance in India is, to put it mildly, a sordid affair. When it comes to political contributions, opacity reigns. The situation is not much better when it comes to expenditure, as candidates regularly declare laughably small amounts of campaign spending in order to give the appearance...

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Nursery admissions: 10 days before deadline, parents worry about children's Aadhaar

-The Times of India NEW DELHI: With just 10 days for the deadline to submit the registration forms for admission to nursery classes, the parents are a worried lot, fretful about whether their children's Aadhaar cards will be delivered in time for the process. While the Directorate of Education has said the Aadhaar cards of the parents are sufficient to prove identity, several schools are demanding the child's card too. It was...

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