New Delhi: With the Goods and Services Tax (GST) collections dropping sharply to a 19-month low in September, the government has constituted a committee of officers to suggest measures to augment collections, expand the tax base and check evasion. The panel comprising of state-level GST commissioners and centre government officials has been asked to suggest […]
New Delhi: Paytm Payments Bank (PPB) on Thursday has reduced interest rate on savings account deposits by 50 basis points to 3.5 per cent, with effect from November 9. The payments bank also announced a fixed deposit scheme, on which its customers can earn an interest of up to 7.5 per cent on their deposits […]
NEW DELHI: Union minister Nityanand Rai launched a website and a mobile application on Thursday to facilitate the railway police in addressing complaints of passengers from across India and crime detection by integrating the criminal database online. The minister of state of home affairs launched the website www.railways.delhipolice.gov.in and the mobile app Sahyatri in presence […]
The Ministry of Finance, in a notification dated September 28, announced that it has extended the deadline to link PAN with Aadhaar to December 31, 2019. Earlier this deadline was September 30, 2019. This extension will come as a relief for those individuals who still have not linked their PAN with their Aadhaar. “The CBDT […]
Bharat Sanchar Nigam Limited has announced some new updates for its customers. As a part of the festive season, the company is offering extra benefits for all its customers across India. The telco will be offering extended validity on the PV1699 plan from 365 to 455 days. This will be available from October 1 to […]
New Delhi: With the formalisation of the banking sector and proper segregation of customer’s profile in the directory of the bank, all the scheduled commercial banks, cooperative banks, non-banking financial companies (NBFCs) and other microfinance lenders are religiously incorporating know your customer (KYC) norms. State Bank of India, the country’s largest lender by the number […]
BENGALURU: Public sector lenders State Bank of India (SBINSE 0.64 %) and Bank of BarodaNSE 0.93 % (BoB) have limited the cash withdrawals of customers using micro-ATMs of other banks to just four times a month, in what could cause transactions undertaken through the Aadhaar-enabled Payment System (AePS) route to fall significantly. While BoB is […]
New Delhi: The Central Board of Direct Taxes (CBDT) has launched a computer-generated documentation identification number (DIN) system which provides for a transparent and recorded communication between the income tax department and taxpayers. A DIN will be mandatory for every type of communication with the income tax department, be it a notice, a letter, an […]
From October 1, there are five changes that will have a bearing on your personal finances. Here is a look at those five changes and how it can impact your financial decisions and finances. External benchmarking of loans As directed by the Reserve Bank of India (RBI), all floating rate loans, i.e., personal, housing, auto […]
NEW DELHI: Labour minister Santosh Gangwar on Tuesday said over 6 crore EPFO accounts will be credited with interest amount at 8.65 per cent rate for 2018-19 ahead of the festival season. The Central Board of Trustees — the apex decision-making body of the Employees’ Provident Fund Organisation (EPFO) — had approved 8.65 per cent […]
NEW DELHI: The National Population Register (NPR) updation exercise, to be undertaken alongside Census 2021, will for the first time collect several particulars such as Aadhaar, mobile number, PAN, driving licence and voter ID details and Indian passport numbers from all usual residents of India. A usual resident is defined, for the purposes of NPR, […]
New Delhi: September 30, the deadline for linking your PAN with your Aadhaar is just a few days away. If you have not linked your PAN with Aadhaar yet then you should do it immediately without fail as missing this deadline will mean that your PAN will become inoperative from October 1. Worth mentioning here […]