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One lakh entries but 1-KYC project still a dream

One lakh entries but 1-KYC project still a dream

Finance
BENGALURU: Along the lines of Tolkein’s “One ring to rule them all”, one of India’s most ambitious projects is the Central KYC Registry (CKYCR). It aims to do “one KYC for all accounts”. Be it banking, insurance or trading — the registry was supposed to make life extremely easy for the average Indian. Instead of submitting a plethora of documents to each and every financial institution, the CKYCR — under the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) — was supposed to be the master database, requiring only one-time submission of KYC details. Despite more than a lakh entities from the capital markets feeding their data into the registry since it started in June 2016, the project has still not taken off. This is primarily due t

AMC's Stubs Membership Is Soaring

Finance
[unable to retrieve full-text content]The idea of a subscription based ticket service to see the latest theatrical releases was a revolutionary idea when it was introduced by MoviePass a division of Helios and Matheson Analytics NASDAQ HMNY Unfortunately a viable business strategy was difficult to come by and Latest Articles in
The way stocks are gliding higher could be a bullish sign for the year

The way stocks are gliding higher could be a bullish sign for the year

Finance
Compared to the rough ride down, stocks have much more quietly and gently recovered more than 13 percent of their losses from the Christmas Eve low. That's good news for bullish investors, who expect that the turbulent Christmas lows marked the bottom of the rout that took the S&P 500 down 20 percent on an intraday basis. The S&P 500 Friday closed out a fourth week of gains and was up 13.6 percent from the Christmas Eve close. "It's a grind higher, but I think that's classic. The market takes the stairs up and elevator down. The elevator was a horror show in December. The market is just grinding its way back," said Ar...
Salaries in India to increase by 10% in 2019: Report

Salaries in India to increase by 10% in 2019: Report

Finance
Workforce in India have something to cheer about. India is likely to lead salary growth forecast in Asia, according to a Korn Ferry forecast. Salaries in India are expected to increase by 10% in 2019 as compared 9% last year and inflation-adjusted real-wage increases are expected to be 5% in 2019, up from 4.7% last year. “Consequent to rapid economic growth, India continues to enjoy the highest overall salary increases and real-wage growth in Asia. While inflation indices are a solid benchmark for reviewing market trends in pay, we recommend that companies take a broader perspective to define their business strategy and cost drivers in view of increasing automation, use of new technology and the rising demand for skilled workers," Navnit Singh, Chairman & Regional Managing Direc...