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 No card, no mobile wallet only Aadhaar will enable you to make online transactions from today
119 Views, 25-12-2016, Courtsey News Live

  The government\’s pet project \’Aadhaar Payment App\’ will be launched on December 25. It\’s widely believed that the new app will easily replace the debit/credit cards and point of sale machines (PoS) which are considered to be the backbone of the cashless society. ...Read more

 Centre okays Ordinance to let firms pay salary via e-mode, cheque
71 Views, 22-12-2016, Courtsey News Live

Amid currency crunch, the government on Wednesday brought an Ordinance to amend the Payment of Wage Act for allowing business and industrial establishments to pay salaries through cheques or by using electronic modes.   However, employers will also have the option to pay wages in cash.  ...Read more

Banks stop questioning cash depositors after fresh RBI directive
445 Views, 21-12-2016, Courtsey News Live

: Banks today began accepting the junked Rs 500/1000 notes in KYC-compliant accounts without any questions following RBI\’s rollback of its stiff conditions a day after customers were subjected to queries while depositing old currency.  With hardly 10 days to go before the deadline ends ...Read more

I-T detects over Rs 3,185 crore black income; seizes Rs 86 crore new notes
179 Views, 20-12-2016, Courtsey News Live

: Over Rs 3,185 crore of un-disclosed income has been detected while Rs 86 crore worth new notes have been seized by the Income Tax department as part of its country-wide operations against black money hoarders post the demonetisation of two high value currencies by the government. Official sources...Read more

EPFO lowers interest on EPF to 4-year low of 8.65% for 2016-17
66 Views, 19-12-2016, Courtsey News Live

: Retirement fund body EPFO today slashed interest on deposits to a four-year low of 8.65 per cent this fiscal in tandem with falling rates on savings due to surge in bank deposits post demonetisation. The Employees Provident Fund Organisation (EPFO) had provided 8.8 per cent rate of interest on de...Read more

Railways seeks innovative ideas from public on coach design
93 Views, 18-12-2016, Courtsey News Live

: The railways has sought from the public innovative ideas to increase passenger-carrying capacity of coaches, ensure easy accessibility to trains from low-level platforms and develop new digital capabilities at stations. It has announced cash rewards for best innovative ideas on various aspects, i...Read more