Department seeks investor database on the suspicion of fictitious investors.
The second-longest serving chairman introduced quite a few measures for the primary market and implemented a new corporate governance framework.
You will need to do the KYC check again
Irdai's push will make insurance cheaper for consumers and enable a consolidated view of all policies.
'Even if you are aping the West, if you customise the idea for the Indian market, localise it based on the Indian ethos, it will succeed.'
To participate in an OFS, investors will have to open a trading A/C
Priya Nair finds out how investors of mutual funds, shares, unclaimed bank deposits, insurance policies can redeem long-forgotten investments.
Three or four accounts are enough for one family. Having more increases paperwork and can be misused as well.
Nilekani said new-age technology markets work on a winner-takes-all basis.
No one can build a successful business all alone. It's a task for a team that is united by a common purpose and passion.
Revenue dept says changes in I-T Act require Parliament nod; new regime to wait till Budget in June-July 2014.
Want to spend more this festive season on your credit card? This is what it takes...
India has a double-taxation avoidance pact with Singapore and more than 85 countries.
Banking is first about trust and integrity and then about technology and the rest.
The majority have stayed away from getting into cash handling.
More people will be literate, on the Internet, linked to the national identification scheme and likely to receive electricity, especially from alternative-energy sources.
'He was asked to do the KYC again because the earlier exercise would not do as they were 'computerising.' 'Getting the records transferred to the reluctant computer would take time and so he was advised to come a few weeks later.' 'My only prayer is that post offices will survive the modernisation process with at least some customer base intact,' says Subir Roy.
The original idea was to replace the existing schemes for scheduled castes and tribes.
This start-up connects diners with regional cuisines that restaurants do not serve.
AAdhar cannot be successful unless there is proper coordination at the helm.
Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.
The IMG meeting will be convened shortly.
The sector needs to move away from such concepts.
Chillr recently raised $5 million from Seqouia Capital.
Indian govt must find solution to ever increasing LPG subsidy. Govt must cap LPG subsidy.
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
'The farmer is furious because the MP government is trying to crush their agitation violently.' 'Such actions will have nation-wide repercussions.' 'Why this drama (Shivraj Chouhan's fast) after violently crushing the farmers' agitation?' 'He should resign immediately.'
'The biggest struggles are in the human mind.'
'The attempt to make Aadhaar mandatory has now emerged as an act of bullying by government agencies, turning citizens into subjects by making fundamental rights conditional on biometric identification,' says Gopal Krishna.
Some banks might charge you a nominal amount of Rs 100-150 for issuing the card.
Telecom Secretary J S Deepak has resolved the toughest issues facing the sector, but his real test will be in delivering on the govt's Digital India dream
Can we make high speed 4G Internet available at 10 cents per GB, and make all voice calls free of cost -- that too in a large and diverse country like India? Can we make high-quality but simple breast cancer screening available to every woman, that too at the extremely affordable cost of $1 per scan? Can we make a portable, high-tech ECG machine which can provide reports immediately and that too at the cost of 8 cents a test? Can we make an eye imaging device that is portable, non-invasive and costs 3 times less that conventional devices? Can we make a robust test for mosquito-borne dengue, which can detect the disease on day 1, and that too at the cost of $2 per test? Amazingly, says Dr R A Mashelkar, the eminent scientist, all this has been achieved in India, not only by using technological innovation but also non-technological innovation.
Gamification has the potential to trigger immediate positive responses to learning that an organisation wishes to impart.
New offerings by banks are changing the way you transact.
Don't reveal any information to strangers.
Finance ministry maintains that all KYC requirements will be followed.
If borrowers don't have access to a bank's credit facility, it could make sense to use peer-to-peer systems.
The first stage of the inclusion strategy was focussed on opening bank accounts, logically seen as creating the last-mile channels for financial access.
The government has opted for the RuPay debit card over the Aadhaar-based platform for "last-mile" authentication in its Pradhan Mantri Jan Dhan Yojana.
The Kabuliwalas of Kolkata, traditional moneylenders, have seen their numbers shrink.
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