Finance Minister Arun Jaitley had announced a number of income tax changes in Budget 2017. In addition, some amendments were also introduced in the Finance Bill that was passed by the Lok Sabha. HIGHLIGHTS Tax rate on income between Rs. 2.5-Rs. 5 lakh will get halved to 5% The Lok Sabha on Wednesday passed the Finance Bill, completing the budgetary exercise for 2017-18. Since the Finance Bill is a Money Bill, it needs only to be cleared by the Lok Sabha.
State-run telecom firm BSNL today increased per day data offering to 4GB at 3G speeds under a new prepaid mobile scheme priced at Rs 444 with 90 days validity. “Bharat Sanchar Nigam Limited (BSNL) has introduced ‘BSNL Chaukka - 444’, a new STV, for truly unlimited data for 90 days as special promotional offer under prepaid mobile services,” the company said in a statement. This is the highest per day data limit being offered by any telecom operator in the country.
As Reliance Jio’s Summer Surprise offer comes to an end, the disruptive telecom firm has come out with a new offer which extends the benefits of its blockbuster “Dhan Dhana Dhan Offer.” The plan which costs Rs. 399 promises unlimited local and STD calls to any network, free roaming and 20 per cent more data than the competition, according to reliance Jio’s website. The network also added new recharge plans like a Rs.
You can link your Aadhaar to your bank account online, through SMS or from an ATM Aadhaar is slowly becoming an important detail to conduct any financial transaction. From filing income tax returns to availing government schemes and benefits, the Indian Government is slowly making submission of Aadhaar Card mandatory for a lot of procedures. Known as Aadhaar seeding , many banks have added an option to add Aadhaar details online or through SMS in a particular format to a specific number provided by the bank.
Reliance Jio has launched a 100% cashback offer with JioFi 4G router, as the Mukesh Ambani-owned tries to attract users of dongles, datacard and wifi routers offered by rival telcos. The company has come up with two plans where as part of the first plan, users will get a 100% exchange offer where they’ll be required to exchange their existing datacard, dongle or hotspot router at any Jio Digital store or Jio Care store and will get 4G data worth Rs 2010 against the device exchanged.
The National Payments Corporation of India has forayed in to the credit card business and would make the commercial launch of its RuPay credit card “in a month’s time,” a top official said today. “Maybe in a month’s time we will be able to make the commercial launch (of RuPay credit card),” NPCI Chairman M Balachandran told reporters here. NPCI, which currently offers RuPay debit cards, has partnered with 10 banks including public sector and cooperative banks, to make the pilot launch of the “RuPay Credit Card”, Balachandran said.
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.
1: The ATM expansion era is over. ATM extensions will no longer be part of future banking growth, and future ATMs may well be of the mobile kind focused only on rural cash deliveries. But even here, the growth will be limited. Standalone ATM companies may have a future, but only because banks may choose to outsource all their existing networks to them so that they can focus on growing the digital business themselves.
Prime Minister Narendra Modi launched the latest version of BHIM e-wallet app on Friday, as the government aggressively pursues a “less-cash” economy. Prime Minister Narendra Modi launched the latest version of BHIM e-wallet app on Friday, as the government aggressively pursues a “less-cash” economy to combat the problem of black money and digitise the economy. Promoting the latest version BHIM 1.3, on the 126th birth anniversary of Dr Bhimrao R. Ambedkar, PM Modi said that the BHIM-Aadhaar platform would play the same role of empowering the common Indian as the Constitution of India, framed by Dr Ambedkar.
ATM transactions from SBIs mobile app “Bank Buddy” will attract a Rs. 25 charge per transaction. HIGHLIGHTS Cash transactions are capped at Rs 2 lakh with effective from April 1 The government is monitoring all large cash and suspicious transactions Any breach of the rule will attract a penalty of 100 per cent The country’s largest lender State Bank of India has revised service charges on ATM withdrawal for users of its mobile app “SBI Bank Buddy,” and various other cash transactions, effective June 1.