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.
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.
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.
The account books of Jamia Co-operative bank is being verified by the I-T department.
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).
FreeCharge on Friday announced the launch of Mutual Funds on its platform in partnership with Reliance Mutual Fund.
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.
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.
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.
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.
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.
Mortgage lender HDFC Ltd on Thursday slashed lending rate by 0.15 percent for its existing customers.
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.
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.
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.
RBI Governor Urjit Patel will on Wednesday meet the parliamentary panel and brief them about the demonetisation move taken up by the Modi government.
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.
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.
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.
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.