News at a Glance
Use governments UPI app for cashless transactions
Unified Payment Interface (UPI) promises universal electronic transactions leading to a cashless society. This was introduced by the government earlier this year.
Posted On :27/Dec/2016 11:22:00 AM
Soon, possessing old Rs 500, Rs 1000 notes may be a punishable offence
After 30th December you cannot deposit Rs 500 and Rs 1000 notes in the banks. From that day, it will be totally invalid. It will be a mere paper. After this, people who have these invalid notes will be penalized heavily.
Posted On :27/Dec/2016 11:13:08 AM
Indian currencies to be printed abroad
There is heavy financial crunch after the government demonetized the currency notes. In view of this, the central government is deciding to print our currencies in foreign countries.
Posted On :27/Dec/2016 11:04:11 AM
Aadhar card holders: Beware your biometrical details may be hacked
Everyone is aware that Aadhaar number associated with each citizen of India will allow them to benefit by a better management and delivery of services, mostly government services and schemes.
Posted On :27/Dec/2016 10:53:21 AM
Swiping devices: Necessary changes
Swiping devices are the most largely used equipment for electronic money transactions and most of the public and traders are well-acquainted with them.The swiping facility is available even in POS (Point-Of-Sales) devices also.
Posted On :26/Dec/2016 3:38:37 PM
12 police officers transferred in Tamil Nadu
12 police officers including 3 IPS officers have been transferred throughout Tamil Nadu.
Posted On :26/Dec/2016 2:36:23 PM
Restrictions on cash withdrawals may continue beyond December 30
Since sufficient currencies are not being printed, restricted withdrawal at ATMs will continue even after 30th. Bank officials are also protesting against this. They are asking the government to ease the restrictions.
Posted On :26/Dec/2016 12:23:02 PM
Government of India kick-starts the awards of the Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana
In order to incentivize Digital Payments, the Government of India, today, kick-started the Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana awards at the Vigyan Bhavan, New Delhi. Shri Arun Jaitley, Hon�ble Union Minister of Finance
Posted On :26/Dec/2016 9:30:10 AM
Reporting Cash Transactions under Rule 114E of Income Tax Rules, 1962
Rule 114E of Income-Tax Rules, 1962, for furnishing Statement of Financial Transactions (SFT) came into force with effect from 1st April, 2016. Any person who is liable for audit under section 44AB of the Income-Tax Act,
Posted On :25/Dec/2016 11:52:33 AM
Currency notes of Rs. 500 to be printed triple the quantity
The information is gathered that in order to tide over the current acute shortage of currency notes, it has been decided to print triple the number of Rs. 500 currency notes printed and action has been initiated.
Posted On :24/Dec/2016 6:31:51 PM
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