New Delhi : Government on March 2, 2019 notified 'The Aadhaar and Other Laws (Amendment) Ordinance, 2019 which amends Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016, Indian Telegraph Act, 1885 and the Prevention of Money-Laundering Act, 2002.

These amendments enable use of Aadhaar for identity verification by Banks & Telcos since earlier provision (Section 57) in Aadhaar Act was struck down by the Constitution Bench of the Supreme Court, led by Chief Justice Dipak Misra, on 26 September 2018.

Mumbai : According to filings with BSE by these Banks yesterday, in exercise of power conferred under legal provisions such as Section 47 (A) (1) (c) read with section 46 (4) (i) of Banking Regulation Act, 1949, Reserve Bank of India has imposed penalty of Rs.10 Million on SBI & IDBI each, Rs.20 Million on Dena Bank and Rs.30 Million on Union Bank for non-compliance with the directions issued on February 20, 2018 by the apex bank for time bound implementation and strengthening of SWIFT related controls.

New Delhi : The Prime Minister, Shri Narendra Modi, today addressed students at the Grand Finale of the Smart India Hackathon, via Video Conference. He interacted with several groups of students participating in the Hackathon, at various institutes across the country. The interaction with students covered themes such as agriculture, finance, malnutrition, and education.

New Delhi : The Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley said the Public Sector Banks (PSBs) are the lifeline of Indian economy. He said that if their health is not good, then economy at large will also suffer. The Finance Minister, Shri Jaitley was speaking at the Conference on ‘Reforms Journey for EASE in Public Sector Banks (PSBs)” which was organised by the Indian Banks’ Association (IBA) here today.

New Delhi : The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Memorandum of Understanding between India and the USA to access tipline reports on Missing and Exploited Children. The MoU has been signed between the National Crime Record Bureau (NCRB), India and the National Centre for Missing and Exploited Children (NCMEC), USA.