- Complete Srinivasa Sethu works by June-end, TTD EO to officials
- SVIMS, IEA doing yeoman service to epilepsy patients
- Rs 1.67 cr input subsidy provided to 1,369 farmers in Kadapa
- Farmers, backbone of YSRCP: Peddireddi
- 1.77L farmers get Rs 133.48 cr benefit under Rythu Bharosa
- Sreenivas Rao new DG (NS&M) of DRDO
- Govt will support farmers, says Botcha
- Visakhapatnam Port Authority sets new records
- TDP leader Venkanna comes down heavily on IT Minister
- Educational institutions, petrol bunks refuse to accept Rs 2,000 notes
Relax deadline for linking bank accounts with Aadhar: Assocham
Industry body Assocham on Sunday urged the government to relax the deadline for linking bank accounts, particularly those in the PSBs to Aadhaar, saying post-PNB scam, the PSU lenders are fire fighting t,o protect their core business and are hard pressed for human and other resources.
NEW DELHI: Industry body Assocham on Sunday urged the government to relax the deadline for linking bank accounts, particularly those in the PSBs to Aadhaar, saying post-PNB scam, the PSU lenders are fire fighting to protect their core business and are hard pressed for human and other resources.
It said the economy is just about to come out of the impact of demonetisation and the Goods and Services Tax (GST) and is not ready for another challenge by way of any bank account becoming inoperative after March 31.
The last date to link bank accounts with Aadhaar is March 31."Notwithstanding judicial scrutiny and government's well-intentioned moves, the banks, particularly those in the PSUs, may find it hard and challenging to complete the task of linking Aadhaar with the accounts of all the customers by March 31, 2018 thus necessitating relaxation of the deadline," Assocham said in a statement.
Following unearthing of alleged frauds in the Punjab National Bank and a few other banks, the PSU lenders are anyway fire fighting to protect their core business and are hard pressed for human and other resources, to take up the job of Aadhaar linkage, it added.The statement noted that even those having submitted Aadhaar details are getting KYC reminders.
"There is a lot of confusion which may lead to further problems as we approach the deadline ...It is best advised that the banks be allowed to come out of the crisis like situation before they are given the additional task of Aadhaar seeding to customer accounts," it said.