RBI’s full KYC rule for online wallets could put business worth Rs 12,000 crore at risk

RBI’s full KYC rule for online wallets could put business worth Rs 12,000 crore at risk

Almost Rs 12,000 crore, or 80 percent, of online wallet transactions in the country are at risk of going back to cash, as online wallet players fear losing customers because of the Reserve Bank of India’s KYC rule. An RBI...
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Linking Aadhaar to real estate transactions could be a game changer. Here’s why.

Linking Aadhaar to real estate transactions could be a game changer. Here’s why.

A whopping 60 per cent of the black money in the country is pumped into immovable assets in the form of both residential and commercial properties, according to news reports. And everyone is in on the game, from individuals to family-managed trusts...
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Ahead of privatisation, loss-making Air India could offer buyouts to employees

Ahead of privatisation, loss-making Air India could offer buyouts to employees

Air India is drawing up a proposal to offer voluntary buyouts to just over a third of its 40,000 employees, a senior company official said, one of the largest such offers in India’s state sector, as the airline slashes costs...
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Applying For A Green Card? The Wait Could Be Longer Than Expected. Here’s Why

Applying For A Green Card? The Wait Could Be Longer Than Expected. Here’s Why

Washington: There is a lengthy 12-year waiting period for Indians applying for permanent residency also known as Green Card in the US as skilled employees, according to a new report. However, India is also among the top countries whose residents...
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Honda fears sudden cut-off from EU customs union could cripple UK car supply chains

Honda fears sudden cut-off from EU customs union could cripple UK car supply chains

Britain’s departure from the European Union’s customs union would ramp up costs for small and medium-sized car part suppliers to such an extent that supply chains could seize up, a senior European executive at Honda said on Tuesday. Ian Howells,...
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CAs could be punished for helping clients in money laundering

CAs could be punished for helping clients in money laundering

The government has moved to punish chartered accountants if they help clients hide ill-gotten wealth through opaque bank transactions, or money laundering, two top officials said on Tuesday. The proposal to tweak the Prevention of Money Laundering Act (PMLA) c...
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