Are you sure that the contact information registered with Unique Identification Authority of India (UIDAI) for your Aadhaar Card is correct? If not, we would advise you to head to the UIDAI website and check it out for yourself. Aadhaar card is increasingly becoming the most important proof of identification and considering that the government has made it mandatory to link your Aadhaar cards with PAN card for filing income tax returns, its importance has grown further.
Within days of SBI slashing interest rate on savings bank account, another PSU bank – Bank of Baroda – has followed suit, cutting it to 3.5 per cent on deposits of up to Rs 50 lakh. “We wish to inform you that it has been decided to introduce a 2-tier savings bank interest rate (from) August 5…,” the bank said in a regulatory filing. Effective tomorrow, the interest rate on savings bank balance of up to Rs 50 lakh has been reduced to 3.
The government may cut back some of the plethora of socio-economic schemes that have outlived their utility as it uses outcome budgeting to assess the impact of central sector schemes, a top official said. In a bid to improve quality of public expenditure, the finance ministry has asked every ministry to prepare outcome budget statement linking outlays against each scheme with deliverables achieved and their impact on economy and citizens.
United Forum of Banking Unions (UFBU), the umbrella body of trade unions in the banking sector, has called a nation-wide strike on August 22 to protest against the reforms proposed by the Centre. West Bengal convenor of UFBU, Siddhartha Khan said that the government is ushering in privatisation and consolidation in the Indian banking sector in the garb of reforms. He said that the Bank Board Bureau had been formed to bring all the public sector banks (PSBs) under a banking investment company and get the government’s share in PSBs below 50 per cent.
The launch of this facility will not only ease the process for subscribers but also speed up the processing time. The Employees’ Provident Fund Organisation or EPFO is expected to soon launch an online facility for withdrawal of provident fund (PF) money and pension fixation. The launch of this facility will not only ease the process for subscribers but also speed up the processing time. “The process of connecting all field offices with a central server is going on.
The Government is issuing newly designed PAN (Permanent Account Number) cards that have added security features to make them tamper-proof and with contents written in both Hindi and English, a senior Income-Tax Department official said today. The distribution of new-look PAN cards, being printed by NSDL and UTIITSL (UTI Infrastructure Technology and Services Ltd), started since January 1. The cards are being issued to new applicants but existing ones can only apply for them.
Drug pricing regulator NPPA (National Pharmaceutical Pricing Authority) on Wednesday announced a price cap on knee replacements. NPPA, which had earlier put limits on the prices of coronary stents, slashed the prices of total knee replacement systems and their individual components by as much as 69 per cent, an official notification issued by NPPA said. According to the price ceiling notice, the price of total knee implants made of cobalt chromium has now been capped at Rs 54,720, down 65 per cent from its average maximum retail price of Rs 1.
In a major decision, the defence ministry approved procurement of six Apache helicopters along with weapons systems from American giant Boeing at a cost of Rs 4,168 crore for the Army which will be its first fleet of attack choppers. It will be a follow on order to the deal India had signed with Boeing and the US government for 22 Apache helicopters and 15 Chinook heavy-lift choppers in September 2015.
Jio Phone bookings have opened in certain offline retail stores in the Delhi-NCR area, ahead of the scheduled August 24 date that was announced at the Reliance AGM on July 21. If you have such an offline retailer taking Jio Phone bookings right now, you can be ahead of the millions who are expected to buy the handset when bookings officially open. Gadgets 360 spoke to one such retailer to find out the details of the pre-order process, the documents needed, how many units a person can order, delivery date, and when the Rs.
PAN or Permanent Account Number is issued by the Income Tax department with details including date of birth, name and PAN number of the individual. A PAN number allotted to a person is a 10-digit alphanumeric number used in to link all of his or her financial transactions with the unique ID such as tax payments, income tax return and wealth tax return. PAN, thus, acts as a financial identifier for the person with the tax department.