In yet another policy stance change on H-1B visa within six months, the US administration on October 6 said it was announcing an “interim final rule” which will “strengthen” the non-immigrant work visa programme. The new rules will be effective 60 days from their publication in the Federal Register, which is the official journal of the US government, much like the Gazette of India.
What is an interim final rule?
Executive policies announced by agencies such as the Department of Homeland Security (DHS) or the US Citizenship and Immigration Services (USCIS) require them to consult stakeholders and give them a notice period of 60 days and seek comments before any sweeping changes are brought in. This method allows agencies such as DHS to act with urgency and within a specified time after a new rule or law is made.
Mastercard, a global technology company in the payments industry, has partnered with Signzy, a RegTech startup based in India, for global rollout of Signzy’s video-based KYC (Know Your Customer) solution for its banking customers.
With this partnership, Mastercard customers will benefit from a completely paperless, remote and secure onboarding solution for end-users. It maybe recalled that Reserve Bank of India (RBI) had in January this year amended its KYC norms allowing banks and other lending institutions regulated by it to use Video based Customer Identification Process (V-CIP), a move which will help them onboard customers.
Signzy’s Video KYC solution will enable end-users to complete and submit their KYC application from the safety and security of their homes. This would be 99 per cent faster than the traditional paper-based KYC process. Signzy is an Artificial Intelligence-powered Robotic Process Automation platform for financial services.
Gary and Carmen Davis are a husband-wife entrepreneurial team with a string of business ventures to their credit (Red Vinyl Records, Litefoot Enterprises, Native StyleClothing and Davis Strategy Group being a partial list). The couple are also proud Native Americans — he’s Cherokee; she, Makah — who aim to strengthen the profile and success of entrepreneurs building businesses across Indian Country.
To do that, the Davises, from their base in Bellevue, Wash., have formed a multimedia/networking company, Native Business, which this November will launch a print magazine focusing on indigenous businesses; they’ll also host a “Native Business Summit” next May in Tulsa, Okla.
Further, the Davises are using their high profile in the Native community to get out their message of Native entrepreneurial empowerment and networking
Finance Minister Nirmala Sitharaman on Tuesday launched ‘MSME Prerana,’an online business mentoring programme for MSMEs by the state-run Indian Bank.
The programme — which will be available in local languages — is aimed at empowering entrepreneurs through skill development and capacity building workshops, the bank said in a release.
“Indian Bank has taken an out-of-the-box initiative in launching MSME Prerana, which will handhold the entrepreneurs through a mentoring programme. This novel initiative shall further inspire others in the banking sector to adopt similar measures,” Sitharaman said.
The initiative was launched by the finance minister at the bank’s corporate centre in Chennai.
Financial Services Secretary Debashish Panda, who also participated in the launch event through video conferencing, delved on the various initiatives taken by the government to support MSMEs.
The initiative is in collaboration with Poornatha & Co, a firm that designs entrepreneurial development programmes in vernacular languages, using online