KYC – Kill Your Customer?
Last year, a retired scientist received a call purportedly from SBI informing him that his account is blocked for non-compliance of KYC. They sent him a password to be shared with the caller. He...
डिजिटल मुद्रा – इससे भागें या इसको बटोरें ? | हमारा पैसा हमारा हिसाब
भारत में डिजिटल लेनदेन में काफी बढ़ोतरी हुई है। हालाँकि यहाँ एक बड़ा हिस्सा इसके बारे में बिल्कुल भी समझ नहीं रखता है, लेकिन सरकार अधिक से अधिक लोगों को डिजिटल लेनदेन के लिए...
Why Are We Pushed Into Digital Money? Who Benefits? — THE MONEY TRAIL
Aadhar is finally revealing its true colours. From an identification system, it has metamorphosed into a data gold mine for fintech companies. This was always the idea, brags Nandan Nilekani and his band. And...
Random Reflections- Cheating the Street Vendors and the Public- The Finance Ministers way
Remember the Atma Nirbhar – TV Show of Mrs. Nirmala Sitaraman and Mr. Anurag Thakur? After that, both have disappeared for long. May be rehearsing for the next show. Mr. S.Gurumurthy has announced that...
Random Reflections: Are Banks Becoming Arms of the Ruling Party?
The Reserve Bank of India introduced “Know Your Customer” norms under the provisions of “Prevention of Money Laundering Act 2002 and Prevention of Money Laundering (Maintenance of Records) Rules 2005. As per these...
Usha Ramanathan on the Privacy Judgement and its Implications
The ‘Privacy Judgement,’ where a nine-member Supreme Court bench counted the right to privacy as a fundamental right, redefined the rights of a citizen and put limitations on the state to be invasive of...