Third party insurance premium upticks
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In the past 3 years, there has been close to 70 percent increase in third party motor insurance premiums of private cars.
Taxes can be paid today in SBI branches
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It has been announced that though it is a bank holiday today (Wednesday, 29th March) on the occasion of Ugadi (Telugu New Year Day), the Branches of the State Bank of India would be open for the payment of taxes.
The LED television market of Rs 22,000 is gearing up for a price cut with the three majors incorporating a slash down. LG, Samsung and Sony are the three brands that are set to impose a price cut as much as 15 percent.
SBI to lay off 10 percent of workforce
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It is likely that close to 10 percent of the total workforce of SBI will be reduced in the next 2 years, said Managing Director of Rajnish Kumar. Hiring and digitization will be reduced due to the bank’s merger with 6 entities.
The new financial year (2017-18) is set to start from 1st April 2017. Various new regulations on the financial and other fronts will be effective from 1st April:
Starting from 1st April, motorcycle, car and health insurance premium is likely to go up, as the IRDAI (Insurance Regulatory and Development Authority of India) has given nod to the insurers for revising agent commission.
The Prime Minister Narendra Modi declared that the currency notes of Rs.500 and Rs. 1000 would be invalid on 8th November 2016. The public was given time till 31st December to exchange these notes.
All the banks will function on all days until 1st of April 2017. The RBI has requested all banks to be functional till then in order to facilitate various banking functions including tax collection.
Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan launched MoP&NG e-Seva, a dedicated grievances redressal platform on Social Media for all queries and grievances relating to Oil and Gas Sector.
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