'Self-declaration from the customer in case of no change in KYC information or change only in the address details may be obtained.'
India's ranking in the Competitive Industrial Performance (CIP) index of the United Nations Industrial Development Organisation (Unido) has slipped by three notches, even as the country's rapid export growth made South Asia the fastest growing region in exports of manufactured goods.
'For smaller merchants, there should be a process that is digital and a minimum KYC journey should be allowed.'
Bank account holders are no longer required to visit their bank branches to update 'know your customer' (KYC) details provided they have already submitted valid documents and not changed their address, the RBI has said. Instead, if there is no change in KYC information, they can submit a self-declaration through email-id, registered mobile number, ATMs, or any other digital channels. Following up on Reserve Bank Governor Shaktikanta Das stating that banks should not insist on branch visits for KYC updation, the central bank on Thursday issued guidelines for the same.
Stating that the food subsidy bill is becoming "unmanageably large", the Economic Survey 2021 on Friday suggested the government to increase the selling price of foodgrains provided through ration shops to over 80 crore beneficiaries. Foodgrains via ration shops are supplied at highly subsidised rates of Rs 3 per kg for rice, Rs 2 per kg for wheat and Rs 1 per kg for coarse grains through Public Distribution System (PDS) as per the National Food Security Act (NFSA). "While it is difficult to reduce the economic cost of food management in view of rising commitment towards food security, there is a need to consider the revision of central issue price (CIP) to reduce the bulging food subsidy bill," the survey said.
China has launched a host of reforms to halt the slow down of the economy, which is hovering around seven per cent with forecasts that it would dip down further.
When Baskey reached the hospital on being informed of the development, Ayushman accused Patra of forcing Sunita to drink her own urine, and requested his friend to save the maid before she suffered more damage.
The Asian Institute of Management invites applications for its Master in Business Administration and Master in Management programmes under its Washington SyCip Graduate School of Business.
Sri Lanka's former finance minister Basil Rajapaksa, who is the youngest brother of President Gotabaya Rajapaksa, was stopped from boarding a flight to Dubai on Monday evening, local media reported.
The government's subsidies on food, fertilisers and petroleum are estimated to decline by 39 per cent to Rs 4,33,108 crore this fiscal and fall further by 27 per cent to nearly Rs 3.18 lakh crore in 2022-23. In its revised Budget (RE) estimate for the 2021-22 fiscal, the government has pegged total subsidies to be at Rs 4,33,108 crore against the actual Budget estimate of Rs 7,07,707 crore in the previous financial year. Out of which, the food subsidy is estimated to decline to Rs 2,86,469 crore in the current fiscal from Rs 5,41,330 crore in 2020-21, while petroleum subsidy is estimated to fall to Rs 6,517 crore from Rs 38,455 crore in the said period.
The savings would be better spent and might actually reach the poor, says Rahul Khullar.
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.
The government's subsidies on food, fertilisers, LPG and kerosene are pegged at Rs 5.96 lakh crore in the current fiscal, over 2.5-fold jump from the initial budget estimates as the Centre distributed additional foodgrains free of cost to help poor mitigate the impact of COVID-19 pandemic. In February 2020 Budget, presented in the pre-COVID scare, the government had estimated the subsidy bill at Rs 227,794 crore. However, all the budget estimates, have undergone major revisions as the country imposed strict lockdown to check the spread of COVID-19.
Dr Siras was a man determined to be a freak in the show called Life, says Vaihayasi Pande Daniel.
While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open nearly 260,000 fake home-loan accounts, reveals Debashis Basu.
Physical KYC takes anywhere between two to five working days to get done, V-KYC, only a few minutes.
Alkem Labs was issued drug alerts twice last year -- in June and July -- for its drug Glimekem.
Mahindra Racing, which disbanded its two-wheeler racing team from the 2015 Moto3 season, has tied up with Aspar Team to supply its bikes to other teams.
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