The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation.
'Completely disregarding ground reports of starvation deaths owing to Aadhaar and potentially disguising these deaths to look like accidents appears brutal,' says Rajendran Narayanan.
'A key trend that one should expect to see is tonnes of failures.' 'Several blockchain-focused companies will fail.'
What surprises will the finance ministry and the RBI spring on us next? Put on your thinking caps and predict the next boomerang coming our way!
UTI Mutual Fund has launched UTI-FAMILY (that allows investors to buy mutual fund units in their name, but the returns go straight to a parent's bank account.
In barter, you have the choice of picking up a product that's available with the barter company in exchange for the stuff you want to discard.
Sharad Sharma, co-founder and governing council member at iSPIRT, on Tuesday admitted using anonymous accounts to troll on social media those who raised questions on Aadhaar and its applications by the government.
Day Two after the banks reopened following the prime minister's demonitisation announcement, the scenario remained just as chaotic as Day One, reports A Ganesh Nadar/Rediff.com.
The panel also suggested that Know Your Client rules should be based on the risk profile of investors.
The liquidator said the properties are being sold under two distinct phases over a period of two days
The IMG meeting will be convened shortly.
The Street is never short of hope and events to look forward to
Lending on peer-to-peer platforms is fraught with higher risks but investors can earn as much as 12% to 36%.
Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks
Kishore Singh's encounters with post 8/11 India.
A key demand is to reduce the dividend distribution tax on listed firms.
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
'The number of STRs received in 2016-17 is 4,73,006 which is more than four times as compared to 2015-16 and this increase is attributed to demonetisaton exercise...,' the Financial Intelligence Unit's report has said.
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
UIDAI has asked police to investigate, it was not fully convinced about nature of the incident
The Aadhaar and Other Laws (Amendment) Bill, 2019 was passed in Rajya Sabha by a voice vote, although many parties including the Trinamool Congress and Dravida Munnetra Kazagham opposed it citing various reasons, including apprehensions data theft.
The new system would be especially beneficial for Qualified Foreign Investors.
MCLR-linked loans are more responsive to RBI's rate movements, and rate cuts may be transmitted to borrowers in a manner useful to them.
EPFO has recently issued Universal PF Account Numbers for 4.17 crore contributing members.
E-commerce companies have understood the importance of having their own in-house wallet, explaining their acquisition spree, says Manoranjan Mohapatra.
Short-term loans from NBFCs can be more convenient but come at higher cost
It was widely expected that this time around, the government would be less likely to initiate fresh reforms and rather loosen its belt a little to give various segments of the economy, especially the multitudes that truly constitute India, something to smile about, says Sudip Bandyopadhyay.
Besides, non-promoters with more than 10 per cent stake in the company would also be allowed to tap the OFS route.
The draft regulations in this regard are expected to be approved by the board during the meeting.
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
The government in Budget 2017 has already mandated seeding of Aadhaar number with Permanent Account Number to avoid individuals using multiple PANs to evade taxes.
For those who find the online facility difficult, there is an electronic tutorial, and staff to assist you.
Besides the thrill of changing cars quite often, a higher tax deduction is available, experts tell Tinesh Bhasin
The DoT is wrongly asking subscribers to link their mobile numbers to Aadhaar in order to keep them active, says Gopal Krishna.
Yes, you need to be safe when dealing with third party agents who act as intermediaries between you and the lending institutes.
'Nobody will wait now. Everyone will come to deposit their old notes. The confidence is shaken.'
The finance ministry and the RBI have performed many somersaults in these last 42 days.
The new norms were cleared by the Securities and Exchange Board of India in New Delhi on Thursday and the relevant provisions would be incorporated in the listing agreement soon, Sebi Chairman U K Sinha said.
A senior finance ministry source said making the use of debit cards and e-wallets compulsory across the board is legally untenable, but banks have been asked to insist their account holders use these instruments
Experts claim impact of breather limited as most hybrid vegetable seeds are sold by private companies.
