Andhra Bank lowers housing loans rates
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Andhra Bank has reduced the interest rates on housing loans. Investments in the banks are increasing after the demonetization of Rs 500 & Rs 1000 notes. In view of this it was expected that the banks.
A new helpline number is introduced to customers’ address doubts and queries regarding digital transactions. The central government is continuously encouraging digital transactions.
MyTaxiIndia and Mastercard team up
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MyTaxiIndia, MTI, has said it has partnered with Mastercard to facilitate quick mobile payments for customers through a secure quick response mobile payments solution.
Special counters for cash refund
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Due to recent demonetization effective from 08.11.2016, and in order to tide over the shortage of cash at the counters, Ticket Deposit Receipts (TDRs) are issued in lieu of cash refund for passengers.
It is expected that the government is set to offer some compensation or relief to the public who experience long suffering with the demonetization and the efforts to control and contain black money.
ATM charges to be back again
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Following the demonetization and the subsequent severe cash shortage, the regulation that charges will be levied in case more than 5 cash withdrawals are made from ATMs was cancelled.
Scientists from the Indian Institute of Technology Madras, IIT-M, have developed a real life-inspired propulsion system for underwater drones or unmanned underwater vehicles, UUVs. These include fin-like blades inspired by penguins, turtles and fishes and whiplash-like rudders.
RBI appoints Surekha Marandi as ED
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Surekha Marandi is now Executive Director, ED, of the Reserve Bank of India. The appointment is with effect from January 2.
Quarterly TDS/TCS due dates
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Filing of e-TDS/TCS statements within due date to avoid further consequences. Here are some of the important points.
Prime Minister Narendra Modi in a televised address on New Years eve has asked the banks to reduce the interest rates on loans. Accordingly HDFC and Bank of India has reduced the interest rates on loans.
Indian Bank launches UPI app
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Indian Bank has introduced UPI (Unified Payment Interface) app on Tuesday. The app will enable Indian Bank customers to send and receive money using their smartphones.
ESIC new schemes
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Regional Director has mentioned that the wage limit has been increased in order to join ESI scheme.ESI Corporation has taken two important decisions. One of the decisions is that ESI has raised the monthly wage threshold.
Union budget on 1st February
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The Union budget is scheduled to be presented on 1st February 2017.For this year, the Railways Budget will also be combined with the General Budget presentation ending the very long tradition.
List of tax savings schemes
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If you are planning tax savings for FY17, it will be helpful to know your options. All the following instruments are qualified for a deduction of up to Rs 1.5 lakh under Section 80C.
Indian IT industry to battle in 2017
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The Indian IT industry worth $143 billion that has been undergoing different challenges in 2016 will also continue in the newly born 2017.
Service tax is collected along with the rate and tax from the customers who come to eat in the restaurants. The service tax is collected for serving the customers. Many have been known to add a service charge.
Prime Minister Narendra Modi on December 30 launched the BHIM app. This Indigenous digital payments app BHIM has been downloaded 30 lakhs users. The Bharat Interface for Money (BHIM) is a simplified payment.
