Long before water balloons and pichkaaris, Holi was only an idea- an idea that transpired to become one of the most amusing festivals of the world. Yes, Holi is the festival of colours. But what does colour symbolize here? We are never certain. But we always hope that colouring something gives life to it. And thereby, perhaps Holi is the celebration of life itself. Holi accolades life, love, its vitality, its passion.
There are stories that date back the origin of Holi and recounts tales in mythology that trace the advent of our attempt at painting the human race more colourful. Maybe they are true, maybe they aren't. But the essence of colour compels us to shun our logical minds in the hope of a dreamy world full of rainbows.
State Bank of India chairman Rajnish Kumar said those living in glass houses shouldn’t throw stones at others and that the private sector’s claims of higher corporate governance standards sound hollow in light of their high rates of debt default and bankruptcy cases. Kumar, the chairman of the country’s largest bank by assets, hit back at critics of staterun enterprises and their calls for privatising state-run banks in an interview to ET on Monday. He said almost all bad loans and poor governance standards cases are from private sector enterprises while state-run firms have high governance standards. “If the private sector is all about good corporate governance then tell me which public sector company is in NCLT (National Company Law Tribunal) today? They are all private sector companies,” Kumar said. “They all default and sit in the front rows of the industry associations. That is the reality today. So when ..
The Central Government launched a unique identity project called Aadhaar in 2009 that would represent every person residing in India. The current government gave it more teeth and made it mandatory for everyone to link it with various schemes and instruments. This has already helped the government to plug a lot of leakage in the distribution of subsidies through DBT. Let us have a look at some of the schemes where Aadhaar card has been made mandatory:
1. PAN (Permanent Account Number)
The Central Board of Direct Taxes (CBDT) has made it mandatory for people filing income tax returns to link their PAN with Aadhaar. The deadline set for this linking is 31st March, 2018 after which ITRs filed would not be processed by the institution and the assessee will be considered as non-tax paying individual.
Assessees can link their PAN with Aadhar by visiting https://goo.gl/myxFPy or by simply sending an SMS in the format UIDPAN<12 digit Aadhaar><10 digit PAN> to 567678 or 56161 from the registered mobile number. It should be kept in mind that in case of any mismatch, PAN and Aadhaar will not be linked. In such cases, assessees will have to first get their details corrected and then link both the documents.
2. Bank Account
Account holders having savings account in all banks have to link their bank accounts with Aadhar to prevent their accounts from getting deactivated. The last date for linking bank accounts with Aadhaar is 31st March 2018. Bank accounts not linked with Aadhar after the deadline will be deactivated till the account holder links it with Aadhaar.
Various banks have provided different options for linking bank accounts with Aadhaar such as by visiting the website, through internet banking, mobile banking, phone banking, SMS, ATMs or by visiting the branch of the bank where the account is being operated. It should be kept in mind that a person has to link all his operational accounts with Aadhaar.
The Reserve Bank of India (RBI) will be ready to inject adequate
amount of extra cash into banks if needed ahead of March-end to
give flexibility to lenders
The PNB fraud was perpetrated by bank employees who issued authorized bank guarantees to Nirav Modi’s companies without making any entries in the bank’s books or its core banking system.
