'It's like the BJP is mocking people: Do what you want, we'll still win.'
The RBI Governor had earlier cautioned the banks on the risks involved in just hunting for numbers, asking them not to compromise on core objectives of the programme.
The key gain from using Aadhaar will be a drastic cut in impersonation and fictitious identities, thereby plugging a major loophole through which a lot of leakage in subsidy payment takes place.
'Apparently the entire biometric database's demographic data is available, which means that every Aadhaar signup is wide open to identity theft.' 'The commoditisation of the method -- selling the log-in for Rs 500 -- indicates that scammers have already harvested whatever they wanted,' points out Devangshu Datta.
However, the facility will be allowed on a need basis and can be used only in "fusion mode", which means people can use it only along with other existing means of authentication.
Speaking at CNBC TV 18's business leadership awards event, Sitharaman made it clear that she was not expecting a jump in the number either.
She said that despite government scheme and initiatives ranging from roads to agriculture, housing, scholarships to electricity benefiting lives of people, a false narrative was being created by the opposition that the government was working for cronies.
Ahead of the first due date of advance tax payment on June 15, the government is likely to release guidelines on what will be covered within the ambit of virtual digital assets (VDA). To remove any ambiguity in the recently established tax framework for asset holders, the Central Board of Direct Taxes (CBDT) is currently preparing guidelines, said government officials in the know. The apex direct tax body will define non-fungible tokens (NFTs) and whether or not they fall within the purview of VDA.
Analysts are enthused by BPCL's upstream foray and have re-rated the stock in the past couple of years.
The D-Company has established a special unit to strike terror in people of India by attacking eminent personalities, including political leaders and businesspersons, the probe agency further claimed.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
Discoms will not only be penalised for undue outages, they will not be able to bill you for losses.
A government lawyer told the Bombay high court on Friday that though prison inmates can talk to their relatives or lawyers on phone, she was not sure if the facility could be granted to activist Gautam Navlakha, an accused in the Elgar Parishad-Maoist links case.
The prospect of further falls in remittances is a hindrance for the Reserve Bank of India, as it seeks to bullet-proof the economy against sudden capital outflows
The ongoing experiments on Moon, Mars and elsewhere could translate into better crop yields and hardier plants that could thrive in inhospitable parts of the world, says Devangshu Datta.
Nilekani said new-age technology markets work on a winner-takes-all basis.
Four specific areas will be watched carefully in the first half of FY16
The Supreme Court on Thursday ordered the reinstatement of a former Madhya Pradesh woman judicial officer, who resigned in 2014 following an inquiry into her allegations of sexual harassment against a high court judge, saying her resignation cannot be construed to be voluntary.
If a house is sold and the proceeds are used to buy another, whoever contributed to the purchase of the first house can claim exemption on capital gains tax
The challenge of achieving fiscal deficit targets for the next two years seems daunting.
The Trinamool Congress on Saturday promised to roll out a direct cash transfer scheme for women in Goa if it is voted to power in the state after the Assembly polls due in February next year.
The high court also took note of Khattar's statement on Friday in which he blamed anti-social elements for the violence, which also spilled over into neighbouring Punjab, Rajasthan and Delhi.
Stating that pushing GDP growth, which has slipped to 5-year low of 6.8 per cent in 2018-19, is the top priority, President Ramnath Kovind said Modi govt will bring more reforms and raise farm investments to boost growth.
Former Reserve Bank of India governor Raghuram Rajan said that Rs 65,000 crore is required to help the poor affected by the coronavirus-induced lockdown. He also laid stress on the need to restart the economy while taking precautions.
India's near-term growth has improved: IMF
The Income Tax Department detected bogus expenditure claims and alleged transfer of share capitals worth crores of rupees through shell companies after it recently raided some entities in Karnataka and Uttar Pradesh, including people linked to the Samajwadi Party.
India's macroeconomic environment is improving, but it is still not past the point where it can ignore the developments in the global markets
'To bring about a paradigm shift in farmers's income, we need to change our approach to agriculture, and transit from the narrow prism of cultivation to a full-fledged enterprise, by building all associated supply chain linkages.' 'This alone will make the farmer an entrepreneur in his own right.'
The BJP also announced a Rs 5 meal scheme for all, named after religious guru Anukul Chandra, and setting up of a Regional Institute of Medical Sciences hospital in Agartala.
"I invite each one of you to become a partner in India's growth story. And once again assure you of our wholehearted support."
Prime Minister Narendra Modi announced the financial inclusion scheme in his first Independence Day speech last year.
Chinese stock markets suffered their biggest single-day drop since the global financial crisis.
With organisations like the Bharatiya Mazdoor Sangh, which is a front of the Rashtriya Swayamsevak Sangh, telling Finance Minister Nirmala Sitharaman they want OPS back, the government is in a bind, report Shiva Rajora and Aditi Phadnis.
Whether one likes it or not, services constitute the value-addition sector that the country has to build on, using its comparative advantage in infotech and related skills, suggests T N Ninan.
The party believes that Mamata's poor handling of the pandemic and the devastation brought on by Cyclone Amphan will provide it the political fillip it needs.
The government does not seem inclined, at least in the petroleum sector, to effect sudden and steep upward price revisions to tame its huge subsidy burden and rein in fiscal deficit.
'Look at the number of billionaires, the number of new billionaires in India.' 'Adani and Ambani are not the only ones.' 'What's wrong with people making money as long as it benefits us?'
Payments banks are niche banks which will be allowed to function with several restrictions.
The Prime Minister stressed on achieving financial inclusion.
Hard selling India as an investment destination at the WEF, Modi said the government is following the principle of reform, perform and transform.
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