Physical KYC takes anywhere between two to five working days to get done, V-KYC, only a few minutes.
Experts say the recent Rs 14,000-crore PNB fraud could have been avoided had there been an integration of PNB's CBS with its SWIFT system
He said the Aadhaar programme violated informational privacy, self-determination and data protection.
Naidu vowed to hasten the process of securing clearances by industry.
Market regulator also announces measures for mutual funds sector.
'While the GST is structured to be an all-encompassing tax and to create a vastly expanded digital network of recorded transactions, no one knows how traders long used to avoiding taxes will apply their ingenuity,' says T N Ninan.
While payments banks surely lose money, their operating ratios were looking better in 2017-18 compared to the year before. This implies that as customer volumes start picking up, the business models may perk up too, says R Jagannathan.
Any company resident in a country has to pay both indirect taxes as well as Income Tax.
Bringing in people with large corporate experience also helps in bringing in world class processes in quality and compliance
Consumer products like mobile phones and laptops may become cheaper as the overall taxes on goods are likely to come down
The report touches on variety of issues including consent, rights of children, data protection authority and right to recall data.
Delays in promised service delivery were earlier settled between client and service provider. More organisations now opt for a legal settlement to save cost and protect investor sentiment, say analysts.
Jaitley's Budget has the potential to change the face of Modi's Bharat
Prime Minister also underlined the need for increasing the number of tax payers to 10 crore.
Under GST, the small and medium industries would have to handle things on their own, says V S Krishnan.
In January too, BJP tried to fail odd-even by orchestrating officers' strike. People failed BJP and made odd-even success, tweeted the CM.
'We have promised to ensure reduced tax rates.'
Beside flying squads from RTOs at different points on highways, challans are imposed without any reason. The situation is especially difficult in states like Uttar Pradesh, Rajasthan, Madhya Pradesh, Maharashtra, Gujarat, and Andhra Pradesh.
The Income Tax Return Form-1 (Sahaj) will replace the 7-page form, removing a plethora of columns on deductions from income claimed.
Even if the same party returns to power, what is important to debate is that having introduced an entitlement, how challenging it is to reverse such decisions, says Mukesh Butani.
Once tipped to emerge as the biggest exporter, the pharmaceutical industry is yet to acquire the scale of those in software services, says Krishna Kant.
'There's a huge need for advancements in current security incident logging and monitoring practices.'
'India's print media appears to be on the ventilator, gasping for breath, cutting staff, cutting salaries, cutting editions, cutting off its hands and legs,' notes Krishna Prasad.
The success stems from Titan's betting hard on wedding jewellery over the last three years. It now contributes 20 per cent to revenue.
Sudipto Dey discusses the changing nature of jobs with Paul Dupuis, who recently took charge as India head of HR services major Randstad.
Sudipto Dey discusses the changing nature of jobs with Paul Dupuis, who recently took charge as India head of HR services major Randstad.
India improved its rank on six out of the 10 parameters relating to starting and doing business in a country.
Assembly elections coming up in November and December could offer a window of opportunity to the government to make GST attractive through rate cuts.
The Budget sets out a comprehensive vision.
'The conception of Make-in-India, Skill India, Smart Cities, Digital India, Beti Bachao, Beti Padao and so on show a visionary breadth of mind, and Modi is almost the first political leader in India to put them into effect with single-minded zeal,' notes B S Raghavan, the former civil servant.
With all the brouhaha over GST, and (often) a limited understanding of the long-term forces shaping India's logistics sector, companies seem to have omitted factoring in some underlying trends that could shape supply chain excellence, says Neelesh Mundra.
With the implementation of the goods and services tax less than 75 days away -- assuming July 1 as the roll-out date -- Sudipto Dey provides a guide to how businesses can navigate the transition.
While hybrids, CNG and biofuels found favour in 2018 among many carmakers including Maruti Suzuki, Mercedes-Benz, Toyota and Honda, others such as M&M and Tata Motors have shown full faith in electric vehicles.
Can business schools re-invent their role, asks Ajit Balakrishnan.
Finance minister attempts a clean-up job, keeps projected expenditure growth low.
About 45 per cent of those who are part of the workforce, or about 207 million, are estimated to be engaged in agriculture and many of them will be outside the income-tax net and hence may not need a PAN. So, what does allotting PAN to 369 million individuals actually mean, wonders A K Bhattacharya.
Food and fuel are two perennial areas of concern.
It's time we dispensed with the paper trail and shifted all labour law paper, workflows and permissions online.
Charges were filed against against underground bitcoin exchanger Robert Faiella, 52, and chief executive officer and compliance officer of a bitcoin exchange company Charlie Shrem, 24.
Even as government projects aren't lucrative from a revenue perspective, companies fight with each other to bag the contracts
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