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INDIAN (B)

INDIAN (B)

1st in 11 yrs: No. of passengers falls at 2 airports

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For the first time since 2008, India’s busiest airports – Delhi and Mumbai – have seen a year-on-year dip in passengers in 2019 compared with 2018. While Indira Gandhi International Airport saw fewer domestic passengers, Chhatrapati Shivaji Maharaj International Airport registered a fall in both domestic and international carriage.



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INDIAN (B)

In a 1st, RBI allows KYC process on mobile video

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In a move that will enable banks and fintechs onboard customers remotely, RBI has amended its norms to allow the ‘know your customer’ (KYC) process to be completed through a mobile video conversation. The central bank has also facilitated eKYC and digital KYC by allowing use of Aadhaar or other e-documents in the customer due diligence process.



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INDIAN (B)

Govt must focus on economy: Economist Roubini

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American economist Nouriel Roubini has indicated that the government should focus on economic issues, warning that there could be a loss of popularity if the economy goes down. He noted that the population dividend is not an asset for India if the youth is going to be deprived of education, healthcare and, most importantly, employment.



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