The Government has made it mandatory for banks and financial institutions to check the original identification documents of individuals dealing in cash above the prescribed threshold, to weed out the use of forged or fake copies. The Department of Revenue in the Finance Ministry has issued a gazette notification amending the Prevention of Money-laundering (Maintenance of Records) Rules. The new rule now requires the reporting entity to compare "the copy of officially valid (identification) document so produced by the client with the original and recording the same on the copy".
The Prevention of Money Laundering Act (PMLA) forms the core of the legal framework put in place by India to combat money laundering and generation of black money. The PMLA and its rules impose an obligation on reporting entities like banks, financial institutions and intermediaries to verify the identity of clients, maintain records and furnish information to Financial Intelligence Unit of India (FIU-IND)
The Kerala government will organise an international seminar and ayurveda expo in Kochi in February next year.The four-day seminar will showcase Kerala's achievements in health tourism,
healthcare and ayurveda.Apart from leading firms and experts in the field, well-known names in the economic and business sectors will also take part in the event.
The Vasundhara Raje government has passed an ordinance which seeks to protect both serving and former judges, magistrates and public servants in Rajasthan from being investigated for on-duty action without its prior sanction.
The Criminal Laws (Rajasthan Amendment) Ordinance, 2017, promulgated on September 7, also seeks to bar the media from reporting on accusations till the sanction to proceed with the probe is obtained.
Zimbabwean President Robert Mugabe has been removed as a goodwill ambassador,
the World Health Organization (WHO) said following an outrage among Western donors and rights groups at the appointment.Mugabe, 93, is blamed in the West for destroying Zimbabwe's economy and numerous human rights abuses during his 37 years leading the country as either president or prime minister.