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News at a Glance

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Proof of being alive for pensioners: Insistence on receipt of same!
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    It has been annual practice for the pensioners to submit proofs that they are alive to the banks & other treasuries disbursing their pension.
Posted On : 09/May/2015 4:34:07 PM View More & Comment (1977)

Chip-based and PIN enabled debit and credit cards from September
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    Many bank customers are easily vulnerable to credit/debit cards frauds. In order to protect the customers, The Reserve Bank has asked banks to issue only chip-based and PIN enabled debit and credit cards from September.
Posted On : 09/May/2015 12:10:54 PM View More & Comment (2070)

Gold rate increased Rs.104 per sovereign
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    The cost of gold has increased Rs.104 per sovereign on Saturday morning (May 09, 2015).
Posted On : 09/May/2015 10:56:36 AM View More & Comment (1619)

Committee on Interest Free Finance and Banking System
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    Government had constituted a Committee on Finance Sector Reforms (CFSR) headed by Dr. Raghuram Rajan which has submitted its report to the Government.
Posted On : 09/May/2015 10:16:59 AM View More & Comment (1554)

E-Commerce Centre of Post to start from Monday
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    Considering the rapid growth of e-commerce business in the country in the recent past, the Department of Posts, through Delhi Postal Circle has taken up a project to establish the e-commerce Centre at Safdarjang, New Delhi-110003.
Posted On : 09/May/2015 9:35:39 AM View More & Comment (1594)

Prices of pulses go up further!
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    The prices of pulses have shot up to an unprecedented level.
Posted On : 08/May/2015 5:10:13 PM View More & Comment (2902)

Global crude oil price of Indian Basket was US$ 65.81 per bbl on 07.05.2015
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    The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 65.81 per barrel (bbl) on 07.05.2015.
Posted On : 08/May/2015 11:41:22 AM View More & Comment (1443)

Gold rate decreased Rs.24 per sovereign
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    The cost of gold has decreased Rs.24 per sovereign on Friday morning (May 08, 2015).
Posted On : 08/May/2015 10:57:40 AM View More & Comment (1482)

Global crude oil price of Indian Basket was US$ 66.54 per bbl on 06.05.2015
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    The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 66.54 per barrel (bbl) on 06.05.2015.
Posted On : 07/May/2015 3:34:34 PM View More & Comment (1381)

Gold rate remain unchanged
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    The cost of gold has remain unchanged on Thursday morning (May 07, 2015).
Posted On : 07/May/2015 11:17:56 AM View More & Comment (1555)

New device to check contamination in gold!
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    White metals like Osmium, Palladium, Ruthenium, and Iridium are being mixed with gold while making jewellery.
Posted On : 06/May/2015 5:43:36 PM View More & Comment (2760)

Are there prospects of reduction in rates of interest on 2nd June?
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    Leading Brokerage Companies have expressed their view that there might be an announcement about reduction in the rate of interest in the latest notification of Reserve Bank of India scheduled on 2nd June on the loan and finance policies.
Posted On : 06/May/2015 5:07:37 PM View More & Comment (1588)

Amazons The Great Indian Summer Sale
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    Amazons The Great Indian Summer Sale kicked off on Wednesday with deals across various product categories.
Posted On : 06/May/2015 4:02:16 PM View More & Comment (1914)

Post Retirement Benefits
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    Department of Personnel & Training has not made any change in instructions contained in OM No. 22011/4/1998-Estt.(D) dated 12.10.1998 and reiterated vide OM No. 22011/1/2014-Estt.(D) dated 14.11.2014.
Posted On : 06/May/2015 3:49:01 PM View More & Comment (1766)

Global crude oil price of Indian Basket was US$ 65.03 per bbl on 05.05.2015
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    The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 65.03 per barrel (bbl) on 05.05.2015.
Posted On : 06/May/2015 12:03:35 PM View More & Comment (1520)

Gold rate increased Rs.152 per sovereign
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    The cost of gold has increased Rs.152 per sovereign on Wednesday morning (May 06, 2015).
Posted On : 06/May/2015 11:08:27 AM View More & Comment (1646)

Provision in the Finance Bill, 2015, will not Affect the LPG Subsidy Individuals
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    Certain doubts have been raised in a section of the media about the applicability of the official amendment moved in the Finance Bill, 2015 in the Lok Sabha on 30th April, 2015 with respect to definition of ‘income’.
Posted On : 06/May/2015 10:01:41 AM View More & Comment (1635)

Tax Concession on Interest Paid on Education Loan
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    Section 80E of the Income-tax Act, 1961 provides that in computing the total income of an individual, their shall be allowed a deduction of the amount paid by way of interest on loan taken by him from any financial institution.
Posted On : 05/May/2015 5:46:44 PM View More & Comment (2320)

Incentivizing States Under GST Regime
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    As tax rates during Goods and Services Tax (GST) regime will be closely aligned to the Revenue Neutral Rates (RNR) of the Centre and the States, the revenues of the Central and State Governments will not be impacted in the long run.
Posted On : 05/May/2015 5:44:11 PM View More & Comment (1847)

Uniformity in Prices of Drugs
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    Under DPCO, 2013, ceiling prices fixed and notified in generic name of medicines are applicable to all brands of the same medicines as specified in Schedule-I of the said order.
Posted On : 05/May/2015 5:06:29 PM View More & Comment (2037)
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