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UIDAI registration for all Aadhaar authentication devices soon UIDAI registration for all Aadhaar authentication devices soon

UIDAI is expected to make it compulsory, in next 4-5 months, for all biometric devices using Aadhaar authentication to embed Aadhaar encryption key into the device at the time of manufacturing.

Government mulls regulator for fledgling electronic payment system in India Government mulls regulator for fledgling electronic payment system in India

With digital transactions gaining traction, the government is mulling setting up of a separate regulator for enabling electronic payment system in the country as well as regulate transaction charges.

7th Pay Commission: Central govt employees expect Committee on Allowances report in February 7th Pay Commission: Central govt employees expect Committee on Allowances report in February

After repeated rumours and statements on when and what the Committee of Allowances under Finance Secretary will roll out for central government employees, there is more news to fire the expectations of government employees.

Demonetisation: Jamia Co-operative bank under I-T scanner over suspicious activity Demonetisation: Jamia Co-operative bank under I-T scanner over suspicious activity

The account books of Jamia Co-operative bank is being verified by the I-T department.

Rail fares, eating out, mobile bills likely to get more expensive from April 1 Rail fares, eating out, mobile bills likely to get more expensive from April 1

Whatever good or bad news the Budget 2016-17 may roll out for common man, but what seems likely that service tax rate will move north  from the existing 15 percent( inclusive of Krishi Cess and Swach Bharat Cess).

Now purchase mutual funds through FreeCharge Now purchase mutual funds through FreeCharge

FreeCharge on Friday announced the launch of Mutual Funds on its platform in partnership with Reliance Mutual Fund.

Transport Allowance of these central government employees gets doubled Transport Allowance of these central government employees gets doubled

Finance Ministry has decided to double the Transport Allowance of central government employees who suffer from hearing disability, unlike earlier where only those employees who had hearing disability as well as were nonverbal or dumb, were eligible for the doubled rate of transport allowance.

Digi pay: 3.81 lakh consumers, 21,000 merchants win Rs 61 crore Digi pay: 3.81 lakh consumers, 21,000 merchants win Rs 61 crore

More than 3.81 lakh consumers and 21,000 merchants have been declared winners of NITI Aayog's lucky draw schemes 'Lucky Grahak Yojana, LGY' for consumers and 'Digi-Dhan Vyapar Yojana, DVY for merchants.

Bank deposits up 0.64% in January 6 fortnight Bank deposits up 0.64% in January 6 fortnight

According to the data released by the Reserve Bank of India, deposits in banks jumped by 0.64 percent in the fortnight to January 6 after falling in the previous 14 days.

 Axis Bank Q3 net profit declines as bad loans rise Axis Bank Q3 net profit declines as bad loans rise

India's third larget private lender Aix Bank's net profit fell to 5.80 billion rupees ($85 million) for the three months ended Dec. 31, from 21.75 billion rupees a year earlier. 

Cash deposits above Rs 10 lakh in bank account to come under I-T lens Cash deposits above Rs 10 lakh in bank account to come under I-T lens

The tax department has asked banks to report deposits in any account aggregating Rs 10 lakh in a year, as well as cash payments of Rs 1 lakh or more on credit card bills.

 

 

Home loans get cheaper; HDFC cuts lending rate by 0.15% for existing customers Home loans get cheaper; HDFC cuts lending rate by 0.15% for existing customers

Mortgage lender HDFC Ltd on Thursday slashed lending rate by 0.15 percent for its existing customers.

Budget 2017: Govt may lower PAN quoting limit on cash transaction Budget 2017: Govt may lower PAN quoting limit on cash transaction

The government is expected to bring down the threshold of cash transactions to Rs 30,000 from Rs 50,000 currently which would require quoting PAN card details.

Foreign bank a/c, property, jewellery can't be disclosed under new Income Disclosure Scheme Foreign bank a/c, property, jewellery can't be disclosed under new Income Disclosure Scheme

Drawing a line for disclosure under the new tax evasion amnesty scheme, the government on Wednesday said only unaccounted domestic cash holding can be declared through it and not jewellery, stocks, immovable property or overseas accounts.

Union Budget 2017: Service tax likely to be hiked to 18% Union Budget 2017: Service tax likely to be hiked to 18%

Most services are likely to attract a tax of 18 percent under the Goods and Services Tax (GST) as Union Finance Minister Arun Jaitley presents the Union Budget on February 1.

Demonetisation: RBI Governor Urjit Patel to brief parliamentary panel on Wednesday Demonetisation: RBI Governor Urjit Patel to brief parliamentary panel on Wednesday

RBI Governor Urjit Patel will on Wednesday meet the parliamentary panel and brief them about the demonetisation move taken up by the Modi government.

EPFO pensioners can give digital life certificate till Feb 28

Retirement fund body EPFO has extended the deadline for submitting digital life certificate by its over 50 lakh pensioners till February 28 to help them get their pension account linked with Aadhaar.

IDS disclosures valid if taxes payment delayed but realised by December 5: CBDT IDS disclosures valid if taxes payment delayed but realised by December 5: CBDT

In a minor relaxation to IDS tax payment rules, the Income Tax Department has said disclosures under the scheme will be considered valid even if the tax amount has been realised by December 5.

How government may boost digital payments in Budget 2017-18 How government may boost digital payments in Budget 2017-18

First came the announcement of Digital India in 2015. The idea of connecting India from north to south, and east to west through the internet highway was drummed with high decibel publicity.

Government likely to unveil money transfer scheme for poor, unemployed Government likely to unveil money transfer scheme for poor, unemployed

The government may soon facilitate an income transfer scheme paving the way for a national social security system for poor and unemployed in the country.