The government plans to use Aadhaar to ‘completely digitise’ air travel amid a raging debate on privacy concerns regarding the world’s largest biometric ID database. Through verification by Aadhaar, travellers will be able to get a digital boarding pass long before their flight, Minister of State for Civil Aviation Jayant Sinha said in an interview with BloombergQuint’s Sanjay Pugalia. On reaching the airport, Aadhaar biometrics would allow seamless entry through the security and check-in points, avoiding the need for a hard copy of the boarding pass, Sinha said.
Even if costs like interest rate, pre-closure charges and loan processing fees remain the same for credit card loan and bank personal loan, interest cost of credit card loan become 15 per cent more because of service tax. Just a phone call and money gets credited to your account within 2-3 days. Yes, it is this simple today to get credit card loans. Though credit card loans are easier to get, they come at a higher cost than personal loans from banks.
Aadhaar-based transactions by people even without a bank account through the IndiaPost payments bank’s Aadhaar-pay model could be the real game-changer. It appears extremely attractive in the context of the government’s drive to promote digital transactions in a big way that Aadhaar numbers of the people—the total number has touched 112 crore already—will be good enough to pay or receive money, even without a bank account. This is what IndiaPost payments bank is striving to establish as its basic model once it starts operations in the next few months.
The income tax filing website typically has lots of server downtime due to last minute rush so ensure that you do not wait until the last day to file your returns. With the close of the financial year, most individuals have completed their tax planning and tax deduction exercise for the year. This leaves the final step in completing one’s income tax process - filing ITR or income tax return.
Reliance Jio again disrupted the voice calls and internet data tariffs after it decided to withdraw its “Summer Surprise” offer on telecom regulator TRAI’s advice. The company after withdrawing the “Summer Surprise” plan earlier this week launched a new scheme called “Dhan Dhana Dhan”, offering “unlimited” data under recharge packs starting from Rs. 309. In response to the “Dhan Dhana Dhan” offer other telecom players like Bharti Airtel,Idea Cellular and Vodafone have also come out with special recharge plans offering their customers free voice calls and high speed 4G internet.
State Bank of India had in July 2016 launched the SBI Mingle app, allowing its customers access various banking services via social media sites Facebook and Twitter. SBI or State Bank of India is offering a new facility that helps customers transfer money using their accounts on social media sites Facebook and Twitter. Users can “conveniently transfer funds” by logging on to SBI’s app ‘Mingle’. This was said by India’s largest bank SBI on microblogging site Twitter.
What is the minimum balance required in my SBI savings account? SBI has said its savings bank account holders in rural, semi-urban, urban and metro branches need to maintain an average balance of Rs 1,000, Rs 2,000, Rs 3,000 and Rs 5,000, respectively. Meanwhile, SBI last month merged its operations with five of its associate banks and Bharatiya Mahila Bank, joining “the coveted league of Global Top 50 banks”, it said in another Tweet.
SBI clarified on new charges on ATM and cash transactions to be effective from June 1. HIGHLIGHTS The new rules initially created confusion over ATM charges SBI’s Buddy app will charge Rs 25 on cash withdrawal through ATM SBI also revised service charges on various cash transactions India’s largest lender State Bank of India, revised service charges on various cash transactions for its customers, effective from June 1.
These people will have to reply within 10 days to avoid any notice from the tax department or further enforcement action. The Income Tax department has identified 18 lakh people who have made ‘suspicious’ cash deposits post demonetisation, including those having deposited over Rs 5 lakh, and will send emails and SMSes seeking explanation about their source of funds. These people will have to reply within 10 days to avoid any notice from the tax department or further enforcement action.
Amidst concerns regarding Aadhaar data leak, a look at how the unique identification system actually adheres to the principles of privacy Privacy and data protection concerns have become serious in a digital world due to ease of search and aggregation, with or without Aadhaar. Type any name in Google and it will throw up thousands of results, giving data/information publicly available. Hence, the responsibility falls on organisations which collect data from individuals to protect it.