The Horrors of KYC | Episode 74 | Everything is Everything

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  • Опубликовано: 27 ноя 2024

Комментарии • 32

  • @WhatsInAName222
    @WhatsInAName222 3 дня назад +2

    What a fantastic conversation! Loved every minute of it. So much of it resonated. I travel frequently from the US to India and while the security theatre has gone down at US airports, in India it is at a whole other level. Every cable, every plug, everything needs to come out. The disinterested cops stating at the X-ray machines with glazed eyes completes the facade.
    “The Lives of Others” is perhaps one of the best German films I have ever seen. And it is such a fitting recommendation to conclude such a thought provoking conversation. Thanks guys.

  • @muralineel
    @muralineel 16 часов назад +2

    We now have the UIDAI and the courts acknowledging that Aadhaar is not proof of anything other than a number linked to biometric data. It doesn’t solve for biometric data being conclusively belonging to a uniquely identifiable person, despite that being the original claim.

  • @muralineel
    @muralineel 16 часов назад +1

    The USA and UK have a great system of checks and balances for criminal justice. The police, prosecutor and judge are all independent of each other and each bears a responsibility for any miscarriage of justice. None of this exists in india.

  • @rizus100
    @rizus100 5 дней назад +2

    I saw the thumbnail and thought I would watch this while having lunch, that's when I usually watch EIE. But I couldn't resist. Just yesterday a letter to submit the KYC came for my father from a bank. He has already been to the bank twice trying to get it done. Every time some issue or the other coming up!
    Another bank has been incessantly sending me emails, sms for years asking me to submit the KYC.
    I gave in to the temptation. Here I go take my weekly dose of EIE with a smile on my face! :-)

    • @amitvarma
      @amitvarma  5 дней назад

      Sorry to hear about your troubles!

  • @muralineel
    @muralineel 17 часов назад +1

    Remains my pinned post on Twitter for over a decade - Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety."
    - Benjamin Franklin

  • @AnonymousAntony-o8q
    @AnonymousAntony-o8q 4 дня назад +3

    Making Aadhar mandatory is violation of Fundamental right.
    Fundamental right is also to be able to earn one's livelihood.
    Disabling millions of PAN cards is also violation of Fundamental rights.
    Aadhar violates the privacy of the citizens.
    Linking Aadhar to every other identities, is the mark of surveillance state.

  • @pran10000
    @pran10000 5 дней назад +2

    Fantastic conversation. KYC+Aadhar+CBDC = 1984

  • @mevivek56
    @mevivek56 5 дней назад +1

    This is a absolute gold conversation,

  • @Modiyogimodiyogimodi
    @Modiyogimodiyogimodi 5 дней назад +5

    The most inhuman, draconian and infringing form of kyc is the online life certificate, where an app based face recognition algo is tasked with figuring out whether its subject is alive or not and should get her pensions. Privacy dignity? Or pension in the bank? your choice, choose one.

    • @amitvarma
      @amitvarma  5 дней назад

      Good god, that is monstrous. First I'm hearing of it. Dehumanising.

    • @RameshPareva
      @RameshPareva 5 дней назад

      My mother used to get pension from US govt. They never asked annual life certificates. Basic trust

  • @shubhamjaiswal2337
    @shubhamjaiswal2337 5 дней назад +7

    Hum First hum first.

  • @mundemama
    @mundemama 5 дней назад +2

    feels so sad and agitated after listening to chapter 1

  • @aviralgupta393
    @aviralgupta393 5 дней назад +1

    also the bonus chapter was gold 😜

  • @satendrathakur1713
    @satendrathakur1713 5 дней назад +2

    Kaagaz (starring Pankaj Tripathi) is based on the story of Lal Bihari Mritak.

  • @Logic_Chimp
    @Logic_Chimp 5 дней назад +1

    Would be interesting to know your thoughts on cryptocurrencies - an analysis of what works and what doesn’t work about them. Their origins are rooted in ideas similar to ones discussed in this episode.

  • @sanjaysajeev
    @sanjaysajeev 5 дней назад +1

    What an end!
    😂

  • @MegaPushpesh
    @MegaPushpesh 5 дней назад +1

    I had not applied for aadhar earlier. Though i have everything other documents, passport pan card voter id driving license, but now i have become almost a Termite as i don't have aadhar
    My bank account is frozen drving license not getting renewed. Passport not getting renewed.
    I had applied for aadhar but now it has failed to provide me addhar even after 4 months.
    I had everything and i m indian tax paying citizen but now i m like kafka cockroach. Anyone with kind hearts who can help with legal opinion or guidance or highlight my problem

    • @amitvarma
      @amitvarma  5 дней назад +1

      Sorry to hear about your troubles. This is just horrible. I hope things get resolved soon.

    • @MegaPushpesh
      @MegaPushpesh 5 дней назад

      Kindly continue doing this stuff​@@amitvarma

  • @aviralgupta393
    @aviralgupta393 5 дней назад

    the answer for why aadhaar didn't solve this given in the video, as I understood it is: the state doesn't accept aadhaar as KYC is because it does not want to which is because officials feel that their ass is not sufficiently covered by aadhaar. Am I correct in my understanding?

  • @oflavia2910
    @oflavia2910 5 дней назад

    So on ajays finance knowledge of capital markets, how do delisted, defaulter co or non traded demat shares get removed from demat accounts when DPs, sebi nsdl rtas ,
    no one knows what to do with them ?? Seems to have fallen among cracks.

  • @atharwasarnobat6952
    @atharwasarnobat6952 5 дней назад +2

    On the subject of surveillance, in the US, the Foreign Intelligence Surveillance Act, or FISA, allows the US to mass-surveil US citizens for reasons of "national security." However, intelligence agencies are still required to submit warrants to secret FISA courts with legal justification required to initiate the process, which was as simple as two button clicks for them in the programs that they used such as XKeyScore. In India, any pretence for the legal process has been completely dropped as the Intelligence Bureau has warrantless wiretap authority under the Telegraph Act.

    • @amitvarma
      @amitvarma  5 дней назад +1

      Thanks for the added info. And yeah, India going a step further, sigh...

    • @KhattaMeethaOficial
      @KhattaMeethaOficial 5 дней назад

      Sir USA is Far more Hight tech and Secure on 3 Sides unlike India who is Bordered from 3 Sides with Archrivals (So called)……

  • @MegaPushpesh
    @MegaPushpesh 5 дней назад +1

    According to puttuswamy judgement, aadhar is not necessary for account opening but they ask of it as mandatory. It is contempt of court but who cares. Anyone justices

    • @anandnaa
      @anandnaa 5 дней назад +1

      No one ask it,you can GIVE OTHER OVDs

    • @MegaPushpesh
      @MegaPushpesh 5 дней назад

      @anandnaa try giving i bet you. What is written on paper and what is asked verbally are different. They ask verbally not officially. Happy to explore with you the situation any time.

    • @RameshPareva
      @RameshPareva 5 дней назад

      There is no other single document other then Aadhar which works as ID + address proof so mighty aadhar is inevitable