Innovative  8  Although RBI has relaxed KYC norms by considering Aadhar Card as a proof of both identity and address, large number of people still are not having Aadhaar Cards and incidentally, Supreme Court ruled that the centre and states should not insist on Aadhaar cards for providing essential services.
Unless there is concerted pressure for reform in the multilateral organisations, little will be done until the next crisis is upon us. There is a growing recognition that the fate of the world economy cannot and should not be left to the policy responses of the US to events in that country. Thank you. BIS Review 11/2002  5