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Now, withdraw money from your PF account using one common form Now, withdraw money from your PF account using one common form

EPFO has also done away with the practice of filing utlisation certificates for advances taken from their PF accounts and can submit self-utlisation certificate.

Operation Clean Money: No threat or show cause to taxpayers, CBDT tells taxman Operation Clean Money: No threat or show cause to taxpayers, CBDT tells taxman

The CBDT on Tuesday asked the taxman to ensure there is no "threat, warning or show cause" notice to taxpayers contacted by it under 'Operation Clean Money' that is aimed at checking black money post-note ban.

 

7th Pay Commission: Centre expands ambit of panel examining CPC-related anomalies 7th Pay Commission: Centre expands ambit of panel examining CPC-related anomalies

The Centre has expanded the ambit of a panel looking into anomalies arising out of the implementation of the seventh Central Pay Commission’s recommendations.

Soon, send or receive money using your 14-digit Aadhaar number Soon, send or receive money using your 14-digit Aadhaar number

Very soon, one would be able to transact - send and receive money - only on the basis of the Aadhaar number irrespective of the fact whether it is linked to a bank account or not.

Irdai to form actuary panels for life, general insurers Irdai to form actuary panels for life, general insurers

General and life insurance companies will be able to engage actuaries as the regulator Irdai will soon form panel of such analysts.

Government warns of fraud in name of Beti Bachao Beti Padao scheme Government warns of fraud in name of Beti Bachao Beti Padao scheme

The Ministry of Women and Child Development on Monday warned against spurious schemes offering cash incentives and collecting confidential information of people and duping them in the name of Beti Bacho Beti Padao scheme.

Cash withdrawal limit for savings accounts increased to Rs 50,000 from Rs 24,000 per week Cash withdrawal limit for savings accounts increased to Rs 50,000 from Rs 24,000 per week

The remonetisation excercise is taking place fast as part of government's plan subsequent to the withdrawal of the specified bank notes of Rs 5,00 and Rs 1,000 from circulation on Novemenr 8, 2016.

7th Pay Commission: Allowances committee raises HRA to 30%? 7th Pay Commission: Allowances committee raises HRA to 30%?

Finance Secretary Ashok Lavas-led Allowances Committee reviewing the allowances under 7th Pay Commission is expected to announce its recommendations anytime soon.

Online EPF withdrawal, pension fixation to be a reality by May Online EPF withdrawal, pension fixation to be a reality by May

Retirement fund body EPFO is expected to launch online facility for settlement of claims, including EPF withdrawal and pension fixation, by May this year to put an end to tedious paper work by its members.

RRBs can now extend loan up to Rs 2 lakh against gold RRBs can now extend loan up to Rs 2 lakh against gold

The Reserve Bank has doubled the quantum of loan against gold that could be granted by Regional Rural Banks (RRBs) to Rs 2 lakh, provided the repayment period does not exceed 12 months.

7th Pay Commission: Allowance Committee likely to submit report on 20 February 7th Pay Commission: Allowance Committee likely to submit report on 20 February

The Committee of Allowances appointed by Finance Ministry to review the allowances under 7th pay commission is likley to sub,it its report on February 20. The recommendations on allowances are expected to be effective from April 1, said the central government employees body National Council JCM.

Note ban impact: Over 7 lakh assessees respond to I-T dept query; 'non-statutory' letters to be issued in case of no reply Note ban impact: Over 7 lakh assessees respond to I-T dept query; 'non-statutory' letters to be issued in case of no reply

The I-T Department on Friday said that more than 7 lakh assessees, out of 18 lakh who were sent SMS/emails for making suspicious deposits post demonetisation, have submitted their response.

 

Aadhaar mandatory for receiving benefits under EPFO, March 31st last date of submission Aadhaar mandatory for receiving benefits under EPFO, March 31st last date of submission

Retirement fund body EPFO has extended the deadline for submitting Aaddhar by its about 50 lakh pensioners as well as around 4 crore subscribers till March 31 to help them get their benefits of social security schemes.

Debit card payments: RBI proposes to drastically cut MDR charges Debit card payments: RBI proposes to drastically cut MDR charges

The RBI on Thursday proposed to drastically cut MDR charges on debit card payments.

 

PNB Housing offers EMI step up plan for self-employed loanees PNB Housing offers EMI step up plan for self-employed loanees

PNB Housing Finance' self-employed customers, who have taken loan of Rs 50 lakh and above, can now opt to pay lower repayments initially and step it up gradually as income increases.

Debit card transactions: RBI to reimburse banks MDR charges effective January 1 Debit card transactions: RBI to reimburse banks MDR charges effective January 1

The Reserve Bank will start reimbursing MDR charges to banks for payments made since January 1 through debit cards by citizens, in line with the government's move to further digital solutions.

Demonetisation impact: Nine lakh accounts under Operation Clean Money 'doubtful' Demonetisation impact: Nine lakh accounts under Operation Clean Money 'doubtful'

Nearly half of the 18 lakh people under the I-T scanner for suspicious bank deposits post cash ban have been put in the 'doubtful' category, but action against them will follow only after the new tax amnesty scheme ends on March 31.

 

Currency in surplus, ATMs being monitored daily: Jaitley Currency in surplus, ATMs being monitored daily: Jaitley

Finance Minister Arun Jaitley on Wednesday said the currency is in surplus and the ministry is monitoring status of ATMs onm a daily basis to sort out operational issues.

NPS private subscriptions grew 60% till January: PFRDA

The Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday said the number of private sector subscribers of New Pension Scheme (NPS) saw a 60 percent increase during the April 2016 to January 2017 period due to exemptions provided in the earlier Budget.

Know how you can get PAN within minutes, pay taxes via mobile app Know how you can get PAN within minutes, pay taxes via mobile app

People will soon be able to pay taxes and track their returns through a smartphone app and get a new PAN within minutes using Aadhaar verification.