Mobile Payments

Government Issuing New-Look And Tamper-Proof PAN Cards

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.

Car insurance: How to get extra cover during monsoon

Is there any special monsoon motor insurance cover available in the market? – Anuj Bansal For new vehicles up to a certain number of years, add-on covers like Engine Protect and Return To Invoice is advisable to opt for. These add-on covers are annual contracts and not restricted to a particular season. Engine Protect will indemnify the owner for engine related damages caused to the vehicle due to water ingression in the engine while driving the vehicle in accumulated flood waters.

SBI- Fee on IMPS transactions under Rs 1000 removed

HomeIndustry Banking financeFee on IMPS transactions under Rs 1000 removed by SBI Fee on IMPS transactions under Rs 1000 removed by SBI State Bank of India (SBI) on Wednesday waived charges on all money transfers of less than Rs 1,000 made through the Immediate Payment System (IMPS) channel, in a bid “to promote small ticket size transactions”. By: FE Bureau | Mumbai | Updated: July 13, 2017 5:02 AM imps, sbi, state bank of india, sbi news, sbi latest news, imps transaction fee SBI’s decision to waive charges on some IMPS transactions may have been the result of more than a nudge from the government.

SBI New internet, mobile banking Charges

A day after it waived charges on Immediate Payment System (IMPS) transactions of up to Rs 1,000, State Bank of India (SBI) on Thursday lowered transaction charges on transfers made through the National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) channels. NEFT transactions of up to Rs 10,000 will now attract a charge of Rs 1, transactions between Rs 1,001 and Rs 1 lakh will be charged at Rs 2, those between Rs 1 lakh and Rs 2 lakh will be charged Rs 3, while transactions involving higher amounts will be charged Rs 5.

BSNL To Offer Ultra Fast 1,000 Mbps Broadband Services

Telecom Minister Manoj Sinha today launched a next generation optical fibre-based technology on BSNL network that will enable the state-run firm to provide broadband connection with download speed of up to 1,000 mbps. Bharat Sanchar Nigam Ltd at present offers broadband facility with top download speed of 100 megabit per second on its fibre-to-the-home network. “BSNL has successfully implemented a major project of NG-OTH technology in 44 cities covering state capitals and major cities.

Government imposes 10% customs duty on chargers and adapters

NEW DELHI: The government has imposed a 10% basic customs duty (BCD) on imported chargers and adapters, while exempting parts or raw material used for making these products out of the duty ambit. The move reinstates an advantage that local manufactures had before the introduction of GST. The industry welcomed the move, saying the step would provide stimulus to local manufacturing and take care of a loophole in rules that allowed for the import of chargers or adapters without paying any duty.

How safe is your Aadhaar data and what security measures are taken by UIDAI: Here’s all you need to know

Aadhaar number is a 12-digit random number issued by the Unique Identification Authority of India (UIDAI) to the residents of India after satisfying the verification process laid down by it. The Aadhaar number is a proof of identity and does not confer any right of citizenship or domicile. Aadhaar has become very important now keeping in view the fact that the number has been made compulsory by the government for many financial transactions as well as a host of social schemes.

No GST On Second Hand Goods If Sold Cheaper

The buying and selling of second hand goods will not attract Goods and Services Tax (GST) if sold at a price cheaper than the purchase price, the government said on Saturday. HIGHLIGHTS The clarification comes after doubts regarding the Margin Scheme It can be availed by any registered person dealing in second hand goods Dealers of old and used empty bottles are also included Rule 32(5) of the Central Goods and Services Tax (CGST) Rules, 2017, provides that where a taxable supply is provided by a person dealing in buying and selling of second hand goods or used goods as such or after such minor processing which does not change the nature of the goods and where no input tax credit has been availed on the purchase of such goods, the value of supply shall be the difference between the selling price and the purchase price and where the value of such supply is negative, it shall be ignored.

RBI Pushes For Currency Security Features To Be Made In India

In a big ‘Make in India’ push, the Reserve Bank today came out with fresh tender for currency security features, mandating that the supplier set up the manufacturing unit in the country within two years and gradually increase the local content. RBI cancelled two tenders issued earlier for supply of security features and fibre for currency notes in order to incorporate ‘Make in India’ as an essential requirement. The bid document is for supply of different types of security threads, colour-shifting ink, foil patch, security fibre, paper based taggant, ink based taggant, advanced watermark and micro perforation.

Railways Launches Mobile App That Does More Than Just Booking

The Railways today launched an integrated mobile application to cater to various passenger requirements, including ticket booking, inquiry, on-board cleaning and ordering meal on a single platform. The app – Rail SAARTHI – was launched here by Railway Minister Suresh Prabhu. Currently there are multiple mobile app by the Railways. To use different services, users need to search and download each application separately. In order to provide better customer experience, there was a need for an integrated application which could give a single window interface for these services, Prabhu said after launching the app.