Mortgage finance remains a structural growth opportunity in India with a policy focus on affordable housing, housing shortages, low mortgage penetration, and rising incomes as drivers. Affordable Housing Finance Companies (AHFCs) serve the mass market, low-income segments, which is the least-serviced category, and to operate in this segment, the mortgage provider needs good assessment skills. AHFCs and HFCs have also been increasing exposure in other mortgage segments (loan against property, developer loans among others).
Uttarakhand Chief Minister Pushkar Singh Dhami has announced that the state will become the first in independent India to implement the Uniform Civil Code (UCC), with the date of implementation to be announced soon. The UCC, which aims to unify personal laws for all citizens, has been approved by the state cabinet and preparations for its implementation are almost complete. Dhami stated that the training process for UCC implementation is nearly finalized and the government is aiming for a swift rollout. Speculation is rife that the UCC could be implemented on Republic Day, coinciding with the conclusion of municipal elections. The UCC includes provisions related to marriage, divorce, annulment of marriage, succession, and live-in relationships. The state government has introduced a dedicated portal for online registration of related matters and has authorized Common Service Centers (CSC) to simplify access for citizens. In remote areas, CSC agents will provide door-to-door services. The Gram Panchayat Development Officer will serve as the Sub-Registrar for registration work in rural areas. The government has also implemented Aadhaar-based registration to make the process easier. Citizens can track their application status through email and SMS, and an online complaint portal has been set up. Dhami dismissed Congress allegations of divisive politics, emphasizing that the UCC provides a uniform system and law for all.
A mechanical engineer in Faridabad was held 'digitally' hostage for six days by cyber fraudsters who duped him of Rs 3.46 lakh. The fraudsters forced him to lock himself in a room and monitored his activities through his mobile camera. They convinced him that he was involved in a drug smuggling operation and threatened him with legal action. The victim eventually realized the scam when the fraudsters forgot to switch off their mics and started talking to each other. Police have registered an FIR and are investigating the matter.
Are you worried your personal information linked to Aadhar may be compromised?
Under Aadhar, more than 1 billion people have their online identity.
'PM Modi would have swept the elections in Kashmir after notebandi but then he scrapped Article 370 so all his good work went down the drain.'
'There must be thousands if not lakhs of people the government is illegally spying on.' 'Why should we enable this criminal activity by volunteering our details?'
Shivkumar Gautam, the alleged main shooter in the Baba Siddique murder case, remained at the spot for 20 minutes after the Nationalist Congress Party leader was gunned down on October 12, an official said on Thursday.
The Delhi government's Women and Child Development and Health departments issued public notices on Wednesday distancing themselves from the ruling Aam Aadmi Party's promised schemes of providing Rs 2,100 to women and free treatment for the elderly, triggering a fresh row ahead of assembly polls.
A three-judge bench framed various questions, including as to whether right to privacy is a fundamental right, to be decided by the larger Constitution Bench.
The Centre on Monday told the Supreme Court that securing Aadhar cards, being issued by Unique Identification Authority of India (UIDAI), was optional and it has not made it mandatory for the citizens.
The suggestion was made by Chief Minister Oommen Chandy at the on-going Pravasi Bharatiya Divas at Kochi.
Be it poor, middle class, upper middle class or rich, every individual who is 70 years and above is eligible for getting Ayushman card and will receive free treatment up to Rs 5 lakh at any of the AB PMJAY empanelled hospitals once the expanded scheme gets launched.
Tral, the former hotbed of terrorism, rocks to the music of democracy.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
The three-judge bench headed by Justice BS Chauhan ordered the Unique Identification Authority of India not to share any information of the Aadhar card holder with any government agency.
'Our Constitution as well as the Right to Education Act do not make any distinction between Indian or foreigner; it only talks about 'child'.' 'It says that every child has the right to get education.'
Raising the issue during Zero Hour, MP Achuthan (Communist Party of India-Marxist) said that in Kerala public sector oil companies had made it mandatory for people to get Aadhar-linked bank accounts for getting subsidy on liquefied petroleum gas.
Seeking to set at rest controversy over Aadhar, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said that UID is a number and not an identity card.
The Karnataka unit of the Bharatiya Janata Party on Friday petitioned electoral authorities against Unique Identification Authority of India Chairman Nandan Nilekani, tipped to be the Congress's candidate from Bangalore in Lok Sabha polls, taking exception to his name and picture figuring with Aadhar Card advertisements when the Model Code of Conduct is in force.
'That was my mistake.' 'Gautam Adani was not involved in forming the Maharashtra government.' 'Adani was not there in the meeting.' 'The meeting was at his guest house and we were sitting in his guest house.'
Stating that many people have not yet got the card and were being harassed by government agencies, Mamata Banerjee said that the Centre should make a single identity card which would be common for all purposes.
As the government is all set to roll out direct cash transfer for its welfare schemes, the National Payment Corporation (NPCI) on Thursday said seven banks have already implemented the Aadhar-enabled payment system (AEPS) and seven more are in the process of doing so.
Through a notification, the CBDT amended Income Tax rules and inserted Rule 114AAA, stipulating the manner of making permanent account number inoperative.
The IPO filing-to-approval lapsing ratio this year is the best in three years, underscoring the improvement in the IPO market's buoyancy.
Syed Firdaus Ashraf/Rediff.com comes across a Ganesh temple in Kashmir's summer capital that remains a well kept secret.
The 'Aadhar' unique identification number will enable inclusive growth and development for the deprived and will act as an instrument of social inclusion, UIDAI chairman Nandan Nilekani said.
'The government that is talking all the time about national security and national interests should be concerned.' 'When national interests are jeopardised by their own project, they should pause and listen.' 'Whether it is the BJP or the Congress, they all want control over the people.' 'They don't give a damn if anything happens to the people of the country; they are only interested in what they can get out of the data.'
Digital house arrest is a tactic where cybercriminals confine victims to their homes in order to scam them. The offenders generate fear by making audio or video calls, frequently posing as law enforcement officers using AI-generated voices or video technology.
Through this mobile application, the handset will be used for authenticating biometrics of customers making Aadhaar enabled payment.
'The Abdullah family is the problem and facilitator of the instability that we are seeing in Kashmir.'
So far this year, bankers have earned Rs 1,226 crore for handling 45 IPOs, which together mobilised Rs 48,363 crore.
As per an order by the University Grants Commission or the UGC, the Unique Identification (UID) number is now mandatory for students and teachers in Maharashtra who wish to avail of the various state- and centre-funded government schemes and scholarships.
Andhra Pradesh Chief Minister K Rosaiah has requested the Unique Identification Authority of India (UIDAI) to include the state for the pilot project 'Aadhar' as it was ready with the resident data.
This year's tally is the second best ever after 2022 when 16 firms raised Rs 40,311 crore, led by LIC's biggest-ever IPO.
The Bombay high court has passed an ex-parte interim order restraining several entities from operating websites etc claiming to provide PAN card services on behalf of the government-owned UTI Infrastructure Technology and Services Limited (UTIITSL) and noted such an act poses a "national level threat". A single bench of Justice Bharati Dangre, in its order of January 12, said the Union government has made it mandatory for PAN card holders to link the same to their Aadhar Card, which is an acceptable proof of identification. Therefore, any potential misuse of the licence/ authorization to issue PAN cards would be highly detrimental not only to the interest of the company but also to national interest, the HC said.
The Bharatiya Janata Party on Thursday clarified that it will not oppose the Aadhar-based cash transfer scheme but added that there was nothing new in the announcement, for which the Congress was seeking "political mileage". It also said its state governments have been implementing similar schemes for years.
A land-owning class, the Jats are a powerful community and account for 28 per cent of Haryana's population. The time, they believe, has now come for them to take revenge.
The Bombay high court on Tuesday suggested to the Maharashtra government to consider linking ration cards with the newly introduced Aadhar cards so as to weed out bogus and duplicate ration cards in the state.
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