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News at a Glance

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New India Assurance plans 300 Micro-offices for the benefit of Rural public
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    The New India Assurance Company has planned to open 40 new Micro-offices throughout Tamil Nadu during the next financial year for the benefit of the rural citizens
Posted On : 02/Mar/2017 6:11:23 PM View More & Comment (2330)

The law regarding penalty for those in possession of old demonetized notes effective
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    The central government announced on 8th November 2016 that the old currency notes of Rs. 500 and Rs. 1000 will not be valid as a measure to smuggling and circulation of black money in the country.
Posted On : 02/Mar/2017 6:05:33 PM View More & Comment (1688)

Electronic collection of LIC Premium payments
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    With the increasing trend of electronic exchanges all over the country, the country’s premier Public Sector Insurance Company LIC (Life Insurance Corporation of India) is set to collect all premium payments on policy in electronic mode.
Posted On : 02/Mar/2017 3:35:20 PM View More & Comment (1574)

Announcement from Private Banks: Charges for more than 4 transactions per month
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    The demonetization caused a lot of hardships to the public. There was a severe cash shortage in the ATMs. The Public started gathering in huge numbers in the banks and ATMs to withdraw money.
Posted On : 02/Mar/2017 12:56:38 PM View More & Comment (1765)

Government to conduct programs promoting women entrepreneurship
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    Very soon, government will start taking vigorous steps to promote women entrepreneurship. Among its initiatives is to conduct programs in the following weeks where mentoring and business capitals will be offered.
Posted On : 02/Mar/2017 12:09:15 PM View More & Comment (1476)

All banks are requested to enable mobile banking soon
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    As a move to promote digital transactions and cashless India, the government has requested all banks to make mobile banking facility available to all their customers by or before 31st March this year.
Posted On : 02/Mar/2017 11:54:54 AM View More & Comment (1378)

IndiGo launches two flights to Madurai in Tamil Nadu
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    Low-cost carrier IndiGo yesterday launched its maiden flight to Madurai from Delhi via Chennai and return to the national capital with a touchdown in the state capital of Tamil Nadu.
Posted On : 02/Mar/2017 11:51:19 AM View More & Comment (1924)

Non-subsidised LPG cylinder price goes up by Rs 86
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    With effect from 1st March, 2017, non-subsidized price of LPG cylinder has increased by Rs.86. This is in line with the rise in global LPG product prices. However, there will be no impact on the LPG consumers.
Posted On : 01/Mar/2017 1:07:27 PM View More & Comment (1785)

The ban on the sales of plots will apply only to unapproved lands
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    The Chennai High Court has explained that the ban on the sales of plots will apply only to the unapproved lands.
Posted On : 01/Mar/2017 12:26:55 PM View More & Comment (1911)

Rs.10 coins are absolutely valid, clarifies RBI
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    Reserve Bank of India has yet again announced that Rs 10 coins are legally valid. Hence, it has requested people to accept the coins without hesitation.
Posted On : 01/Mar/2017 10:42:05 AM View More & Comment (1698)

Even now it is possible to exchange old notes - here it is
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    The central reserve bank has recently announced a new facility to exchange the old notes exclusively for the Indian Citizens residing abroad.
Posted On : 28/Feb/2017 6:34:28 PM View More & Comment (3619)

New charges for financial exchanges in banks from 1st March
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    Even as the demonetization phase is coming to an end, some major banks have decided to implement additional charges for transactions over a fixed amount.
Posted On : 28/Feb/2017 6:23:27 PM View More & Comment (2389)

7th Pay Commission ramps up gratuity payment limit
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    From the present gratuity payment limit of Rs 10 lakh, it is ramped up to Rs 20 lakh, according to the centre’s latest decision. And the same is the recommendation suggested by 7th Pay Commission as mentioned in its report submitted to the government.
Posted On : 28/Feb/2017 3:02:22 PM View More & Comment (2514)

Egg prices determined
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    The National Egg Coordination Committee (NECC), Namakkal Zone, has fixed the wholesale price for eggs yesterday in a meeting. In the meeting, the purchase price of eggs from poultries was determined at 375 paisa.
Posted On : 28/Feb/2017 2:19:18 PM View More & Comment (3953)

Onion prices at 5-year low
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    The prices of onions have come down drastically in the country’s largest market yard at Lasalgaon. Lasalgaon market yard is the largest market selling onions. This is located in Nasik District at Maharashtra.
Posted On : 28/Feb/2017 2:16:44 PM View More & Comment (1578)

Draw cash without ATM, how?
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    Tamilnad Mercantile Bank has introduced a new facility that will allow its people to withdraw cash even without having any account with the bank. This is notably the first-of-its-kind initiative.
Posted On : 28/Feb/2017 12:22:34 PM View More & Comment (1784)

Bank employees on strike today (28th Feb) - banking services may be severely affected
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    The bank employees are on strike today (Tuesday, 28th February) pressing their various demands. So, there is the certain possibility of banking services being affected severely today.
Posted On : 28/Feb/2017 11:37:01 AM View More & Comment (1574)

Bank employees to go on strike on Tuesday (28th February)
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    The bank employees are set to go on strike today (Tuesday, 28th February) as to press their various demands. Some of their demands include: The senior officials should be made accountable/responsible for all unrecovered debtsBharatiya Mazdoor Sangh
Posted On : 27/Feb/2017 6:25:12 PM View More & Comment (1985)

What is insurance? What are the types of insurances?
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    Lives are full of wonders. Any incident that occurs in life may throw the life-cycle out of gear completely. Hence, it is hugely advisable for the human to be always prepared for these unexpected negative happenings in their lives.
Posted On : 27/Feb/2017 4:21:00 PM View More & Comment (1605)

Which insurance is the best of all?
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    An insurance scheme should always be wholesome. It is imperative for us to insure our house, business, vehicles and oneself. This should be very useful that one can withdraw money in case of emergency.
Posted On : 27/Feb/2017 3:38:00 PM View More & Comment (1452)
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