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Have multiple cooking gas connections? No LPG for you

May 17, 2013

No transactions, including delivery of non-subsidised cylinders, will be permitted in such cases once such connections have been blocked. #NewsTracker #LPG #KYC #Cooking Gas
Cobrapost sting: RBI probe finds anomalies in PAN, KYC usage

May 14, 2013

The RBI found usage of dummy PAN and identity cards, unauthorised gold sales, and non-compliance KYC norms are rampant among banks. Also, insurance cos sponsor foreing trips of bank staff. #RBI #TheySaidIt #KYC #PAN #CobraPost Expose
Banks need to comply with KYC norms better: RBI on Cobrapost expose

May 03, 2013

Amid allegations of money laundering by top three private banks, the RBI today said that its probe into their activities revealed the banks did not follow KYC norms while selling third party products. #RBI #TheySaidIt #Cobrapost #KYC norms

Blog posts

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What security? Costs of KYC outweigh the benefits

May 17, 2012

We in India have given up even an attempt at protecting civil liberties from an encroaching state that wants to know a lot about us. #Money laundering #KYC #Security #Open wifi networks

Wire

Rediff
No LPG to houses with multiple-connections from Jun 1

2013-05-16 13:25:00

Cooking gas or liquefied petroleum gas supplies to households having unverified multiple connections will stop from June 1, state-owned oil firms announced on Thursday. The three state-owned fuel retailers have been "directed to stop supplies of LPG refi #Indian Oil Corporation
Economic Times
ICICI, HDFC Bank instruct staff to go slow on sales of insurance products

2013-05-16 23:30:00

MUMBAI: ICICI Bank and HDFC Bank, the lenders found to have violated basic Know-Your-Customer (KYC) norms, have ordered their staff to go slow on sale of insurance products that are seen as the main means used by customers to avoid taxes and legitimise i #HDFC Bank Limited #ICICI Bank Limited #Axis Bank
The Hindu
It is only KYC norm violation, says RBI

2013-05-06 18:31:00

Reserve Bank of India (RBI) Deputy Governor K.C. Chakrabarty, on Monday, refuted money laundering charges levelled against various banks, and said that all exposures by Cobrapost.com were connected to know-your-customer (KYC) norms. “We are seeing how th #India #HDFC Bank Limited #Axis Bank

Editor's picks

Movie Review: 'The Reluctant Fundamentalist' leaves you dissatisfied

If you forget the politics and just look at the film, The Reluctant Fundamentalist doesn’t fare much better. It’s a thriller that lacks tension and suspense.
Here's how the Delhi Police stumbled upon spot-fixing in IPL

After monitoring a phone call, the investigation had virtually turned pan-India with some of the bookies based in Gujarat and Mumbai.
Ex-Citi CEO Vikram Pandit, JM Financial join hands for banking foray in India

JM Financial will nominate Pandit as the non-executive chairman of the proposed bank. Pandit and Aiyar will have the right to purchase shares up to the amount prescribed by the RBI in this entity.
Movie Review: The Great Gatsby is the most Bollywood of Baz Luhrmann's films

The great American dream is an integral part of America. It’s ‘great’ in that it symbolises not truth, but hope when the truth is disillusioning; it symbolises not facts, but ideals when facts are unnerving; it symbolises not likelihood, but promise when likelihood is all but bleak.

Google I/O 2013 keynote: New Maps, Search, Plus, and S4 with 'pure' Android

We’re tracking the Google I/O conference 2013 live – what will be unveiled?
Hero worshipped in Kerala, Sreesanth still innocent in his state

The summary of the response in his Sreesanth’s home turf is that of incredulity. They are unwilling to believe that the pacer is guilty.
Why return of Dreamliners won't change Air India's fortunes

The original promise of the Dreamliner has failed to materiallise due to limitations in its flying range. Will Air India continue to pay a price for this?
Did Indira abolish bonded labour or Sonia? NREGA's tall claims

The UPA ads eulogising MGNREGA as a a huge success needs to be taken with bags of salt. The scheme did make a difference, but not as is claimed.

Angelina’s breast surgery possible in India, but there's a catch

So can we test in India and gain from the same treatment privilege that Jolie had? Yes, but there is a catch.
IPL 2013 KKR vs PWI Live: Yusuf kicks KKR out of the IPL

Live detailed updates as KKR take on Pune in a must-win game at Ranchi.
Wrong on Ghaziabad: The Kiran Bedi argument for moral policing

Bedi’s argument that we should focus on the legal wrong committed by the girl slapped by cops is technical, disingenuous and enabling.
Cloak but no dagger: The awfully mundane world of spies

There’s an endearing quality to reports that a CIA spy was arrested in Moscow: he comes across as a bumbling amateur who represents the lost Age of Innocence in the world of espionage.

From here on, Sonia-Manmohan dyarchy is a slow train wreck

The “two heads” power arrangement between Congress president Sonia Gandhi and Prime Minister Manmohan Singh is coming apart at the seams.
Lessons from Karnataka: Cong must stop backing corrupt leaders in Andhra

The fact that it has allowed individuals named in chargesheets to continue as ministers is evidence that the Congress runs Andhra Pradesh as if it is its fiefdom, without a care for ethics in public life.
IPL 2013: How Isa Guha is changing perceptions about cricket presenters

Isa Guha is not your usual female cricket presenter. Apart from being an ex-player, she’s highly educated and injects a breath of fresh air on Indian screens.
Android and Chrome aren't merging for now, says Google's Sundar Pichai

Pichai has emphasised that Google is embracing both Chrome and Android is investing in both at least for now.

Ashwani to be shifted, Bansal to be booted? PM will decide

The fate of the two ministers is reportedly in the hands of the Prime Minister who has been told to take a final call.
How the Sarabjit-Sanaullah episode diminishes India

The Sarabjit-Sanaullah episode shows that for all of India’s attempts to project itself as an emerging global power, with a footprint larger than just the South Asian peninsula, it is unable to break out of its hyphenated relationship with Pakistan.
Changing dynamics: Is low-cost flying becoming really high cost?

Consumers may have to pay a high price for both the lower price and increased choice.
Star Trek Into Darkness is a perfectly adequate popcorn film

Star Trek Into Darkness is a perfectly adequate summer blockbuster film. It is impeccably tailored to please both the Trekkies and the non-geeks, genre lovers as well as the average moviegoer.

Coalgate scam: Careful, Mr PM, the fig leaves are falling off...

If there was no wrongdoing in the allocation of coal blocks, why did the Law Minister and officials from the Prime Minister’s Office go to such elaborate lengths to doctor the CBI’s draft report – and get top law officers to lie in court?
Who was Pak prisoner Sanaullah Ranjay? All you need to know

Some information about Pakistani prisoner Sanaullah Haq who died this morning after being attacked by an Indian inmate in a Jammu prison.
Over 900 victims; Dhaka disaster world's worst in garments industry

The death toll from the collapse of a building housing five garment factories has climbed to nearly 900, officials said on Thursday, as authorities continue to search for more bodies two weeks after the worst garment manufacturing disaster in the world.
Sir Alex Ferguson: The greatest manager football will ever have

Ferguson showed that world-class man-management skills were more important than picking the perfect formation. It took something approaching genius qualities to get Eric Cantona, Roy Keane and Peter Schmeichel – all volatile personalities with exceptionally big egos – to pull together for the common cause.