The RBI introduces important amendments to the Master Direction on KYC along with updating its list of documents eligible for identification of individuals

Will re-introduction of lapsed bills be high on the agenda of the new government?

The Cabinet Thursday approved the promulgation of an Ordinance to allow voluntary use of Aadhaar as identity proof for opening bank account and procuring mobile phone connection.

UIDAI CEO Ajay Bhushan Pandey said that the allocated money is based on the authority's requirements and is enough to fund its operations in the next fiscal.

Rahul Gandhi's promise of universal basic income is seen as counter to the BJP's recent success in passing an amendment bill on 10 per cent reservation to the economically weaker sections from the upper castes.

He also attributed the successful implementation of Aadhaar to the decisive leadership of Prime Minister Narendra Modi, saying the Congress-led UPA remained \"half-hearted\" towards it.

Congress president Rahul Gandhi held a press conference later in the day to pose questions over the purchase of 36 Rafale jets. He had also raised the issue in the Lok Sabha earlier today.

Diminishing returns to farmers have stymied milk supply during winter when it usually goes up, which is likely to cause milk prices to rise this year.

Law Minister Ravi Shankar Prasad asserted that the proposed amendment is in compliance with the Supreme Court judgement.

The Central Goods and Service Tax department has detected a fraud of GST in the metal scrap business across Madhya Pradesh, Maharashtra and Gujarat

The Cabinet approved amending the existing laws to provide legal backing for seeding of biometric ID Aadhaar with mobile numbers and bank accounts as an optional KYC

The government is likely to introduce amendments to the Telegraph Act and the Prevention of Money Laundering Act. If the amendments are introduced, people will have an option to choose Aadhaar as KYC verification for these services.