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After Delhi, SBI ATM in Uttar Pradesh dispenses Rs 2,000 note After Delhi, SBI ATM in Uttar Pradesh dispenses Rs 2,000 note

A scanned copy of Rs 2,000 note was dispensed by a State Bank of India (SBI) ATM in Shahjahanpur, Uttar Pradesh on Thursday evening.  

Lower tax rates possible when all pays dues: Goyal Lower tax rates possible when all pays dues: Goyal

The government can lower tax rates if people pay their dues sincerely, Union Power Minister Piyush Goyal said on Friday.

EPFO to launch housing scheme for over 4 crore members in March EPFO to launch housing scheme for over 4 crore members in March

Retirement fund body EPFO will launch a housing scheme next month for its over four crore members to enable them to make down payment and pay EMIs from their EPF accounts to buy homes.

Gratuity ceiling for private sector employees to be raised to Rs 20 lakh Gratuity ceiling for private sector employees to be raised to Rs 20 lakh

Formal sector workers may soon be eligible for up to Rs 20 lakh tax-free gratuity as central trade unions have agreed on the proposal in a tripartite consultation with the Labour Ministry.

SBI ATM fake note case: One person from UP arrested SBI ATM fake note case: One person from UP arrested

He is an employee of company responsible for task of placing cash in ATM.

Fake notes from SBI ATM: Govt to investigate matter Fake notes from SBI ATM: Govt to investigate matter

The government will investigate reports of an SBI ATM in South Delhi dispensing fake Rs 2,000 notes and will take all possible steps to control generation of counterfeit currency, a senior minister said on Thursday.

Airtel Payments Bank to sell insurance, MF products

Airtel Payments Bank (APB) is planning to sell third party financial products to boost its revenue from other income category, an official said.

Taxman to scrutinise loan deposits under op 'clean money'

The Income Tax department may initiate penal action and impose an equivalent penalty in select cases of loan amount deposits of Rs 20,000 or more as part of the 'Operation Clean Money' to check stash post demonetisation.

New agency to probe anomalies in IT returns filed post demonetisation

There is a move to set up a new agency for probing anomalies in income tax returns filed by 18 lakh people after demonetisation, Union Minister Radha Mohan Singh said on Wednesday.

SBI ATM dispenses fake Rs 2,000 note with Children Bank of India instead of RBI SBI ATM dispenses fake Rs 2,000 note with Children Bank of India instead of RBI

An SBI ATM in Delhi's Sangam Vihar dispensed four notes of Rs 2,000 with "Children Bank Of India" written on them.

EPFO introduces common form for different types of withdrawal EPFO introduces common form for different types of withdrawal

Subscribers of retirement fund body EPFO can now withdrawal money from their PF account using one common form and will not be required to file documents like marriage invitation cards for taking advances.

Demonetisation: I-T dept to strictly take on depositors of unverified cash over Rs 5 lakh Demonetisation: I-T dept to strictly take on depositors of unverified cash over Rs 5 lakh

Depositors of cash worth Rs 5 lakh or above, during the demonetisation period, who failed to verify the same will be taken on strictly by the Central Board of Direct Taxes (CBDT)

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.