Although Aadhaar is gradually gaining more importance than PAN – a ten-digit unique alphanumeric number issued by the Income Tax Department – however, PAN is still important, especially for financial transactions. According to experts, PAN is a way for the Income Tax Department to keep tabs on your financial dealings whereas Aadhaar’s main purpose is to create a centralized database of each citizen residing in India. PAN, in fact, is a very useful tool to estimate the total tax revenue being generated in the country and to be used as an identification document is not its primary job.
Goodbyes are the hardest when they are final. It’s worse if it involves one of your parents. The heartbreak is probably lesser in intensity only to that of your surviving parent, the spouse who is left grappling with a crippling emotional void at the fag end of life. Yet, it is critical to take a financial reality check and you, as progeny, are the best suited to do it. Taking stock of the finances is an overwhelming task and it’s easy to be stumped by the maze of formalities.
Who doesn’t want to become rich? However, getting wealthy isn’t that easy. It begins with determined consciousness to get wealthy. We all know that to become rich you need to spend less than what you earn. That is because the less you spend, the more you will be able to save. You should save and invest what you have into investments (assets) that appreciate over time. Apart from these, here we are taking a look at a few really easy and ‘anyone can do it’ strategies or DIY tips that can make you a crorepati:
The Government has made it mandatory for banks and financial institutions to check the original identification documents of individuals dealing in cash above the prescribed threshold, to weed out the use of forged or fake copies. The Department of Revenue in the Finance Ministry has issued a gazette notification making an amendment to the Prevention of Money-laundering (Maintenance of Records) Rules. The new rule now requires the reporting entity to compare “the copy of officially valid (identification) document so produced by the client with the original and recording the same on the copy”.
The deadline for mandatory linking of Aadhaar to avail benefits of various government schemes would be extended till March 31 next year, the Centre told the Supreme Court Wednesday. It told a bench headed by Chief Justice Dipak Misra that the deadline for Aadhaar linking to avail benefits of the schemes was to end in December and it has now been decided to extend it till March 31, 2018. “We have decided to extend it till March 31, 2018,” Attorney General K K Venugopal told the bench, which also comprised Justices A M Khanwilkar and D Y Chandrachud.
Vodafone is offering 90GB data to post-paid users at a monthly rental of Rs. 399. Vodafone has launched this plan for its prepaid users willing to shift to a post-paid plan. The company has been sending promotional messages to customers, informing them about this offer. Diwali is just a few days away and incumbent telecom operators, which are already reeling under the impact of new entrant Reliance Jio’s bumper offers, do not want to miss out on any chance to woo customers.
A few months back, Reliance Jio silently launched JioFi 3 in the Indian market just to replace its predecessor with some minor changes. We recently unboxed the device. The JioFi 3 now retails at Rs. 1,999 on official aJio website and is also available from Reliance Digital Xpress, Digital Xpress mini and other stores. Basically, this device comes handy when your family and friends want to online On-the-go and also saves your phone’s battery life.
PNB customers will have to shell out money beginning October if they carry out more than five transactions a month from the bank’s ATMs. At present, account holders of the country’s second largest public sector bank can make any number of transactions in a month, financial or non-financial, at the bank’s ATMs without attracting any charge. “The number of free transactions and the charges beyond these free transactions for PNB customers on PNB ATMs have been revised.
Reliance Jio is offering up to 100 per cent cash back (10 top-up vouchers worth Rs 201 each) on JioFi device if you buy it with exchange of your old dongle. After “Dhan Dhana Dhan” offer, newcomer Reliance Jio has launched new offers to attract dongle, data card and wifi router users. The Mukesh Ambani-owned telecom venture is offering up to 100 per cent cash back (10 top-up vouchers worth Rs 201 each) on JioFi device if you buy it with exchange of your old dongle.
Bharat Sanchar Nigam Limited (BSNL) is now offering unlimited calling and data for Rs. 97 per month for users of Micromax’s 4G VoLTE enabled Bharat phone. Priced at Rs. 2,200, the Bharat 1 phone will support 3G connection as well. “I am glad that BSNL has come with two new schemes. This will not only increase BSNL subscribers but also strengthen their financial position,” Telecom Minister Manoj Sinha said while launching the service.