IAF Wing Commander Abhinandan Varthaman HIGHLIGHTS: Pilot returns home

March 4, 2019

IAF Pilot Abhinandan Varthaman HIGHLIGHTS: Indian Air Force (IAF) pilot Abhinandan Varthaman, who was in Islamabad’s custody for nearly 60 hours, was released at Wagah Border by Pakistani authorities on Friday, a move widely seen as a de-escalation of tensions between the two neighbouring nations. Abhinandan was handed over to Indian officials at the Wagah-Attari border, the Ministry of External Affairs confirmed. Dressed in a suit, the IAF Wing Commander…

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SBI account holder? Did you lose money like this customer? Check charges and how to avoid it

March 4, 2019

State Bank of India is the largest public sector bank in the country. It has over 42.42 crore customers, 22,414 branches around 23 per cent deposit market share as per its 2018 annual report. To cater to its large customer base, the bank has also been helping its customers through its social media handles like Twitter. In a recent incident, a customer informed the bank a total of Rs 1,180…

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Now Aadhaar can be used for opening bank accounts, procuring mobile connection

March 4, 2019

In a major decision that will cut down the KYC verification cost of telecom companies and banks, President has approved the Aadhaar and Other Laws (Amendment) Ordinance, 2019 that will permit the use of Aadhaar number by for opening bank accounts and for procuring mobile connections. These sectors were the worst hit following the Supreme Court’s landmark judgement delivered in September 2018 that had effectively banned even voluntary use of…

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Reliance Jio’s 1.5GB/Day Packs: Recharge Offers, Prices, Benefits And Other Details

March 4, 2019

Reliance Jio, country’s newest wireless telecom service provider led by Mukesh Ambani, is offering various prepaid recharge plans for its customers. Recharge plans offered by Reliance Jio for 1.5 GB of data per day starts from Rs. 149 for 28 days, according to information on its website .jio.com. Ever since Reliance Jio Infocomm started its services from September 2016, it has disrupted the county’s telecom space by offering free voice calls…

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Post Office Offers Monthly Income Scheme Account: 10 Things To Know

March 4, 2019

India Post, which has a network of over 1.5 lakh post offices across the country, provides a range of financial and retail services, other than its mailing operations. The Department of Posts offers several savings schemes with different interest rates. Interest rates on post office saving schemes move in line with the government’s interest rates on small savings schemes, which are revised on a quarterly basis. One such savings scheme…

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Input Tax Credit Removal On Select Items Goes Against The Very Spirit Of GST: Experts

March 4, 2019

New Delhi: The government last month slashed the Goods and Services Tax (GST) on the real estate sector, but along with that it also did away with the input tax credit (ITC), which experts and analysts feel goes against the very purpose of tracking the money trail and curbing black money. Under-construction properties and affordable housing are the latest segments under GST, after restaurants, to have been denied ITC, by virtue…

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Beware of the Any Desk app, warns RBI

March 4, 2019

If you get any pop-up to download an app called ‘Any Desk’ to your mobile from Play store or App store, beware. It could be a fraud to rob you off your financial information and then funds. In an alert sent to banks, the Reserve Bank of India (RBI) has warned that a new modus operandi  to commit fraud on digital payment ecosystems has been noticed and fraudulent transactions using…

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You may not find Inox Leisure tickets on BookMyShow anymore. Here’s why

March 4, 2019

New Delhi: India’s second-largest multiplex chain, Inox Leisure has ended its contract with online ticketing platform BookMyShow (BMS) due to disagreement over payments. BookMyShow challenged the contract termination in Bombay High Court following which the court asked both parties on September 18 to start arbitration on the issue and reach a decision within four weeks, reported Economic Times. It may be noted that the whole issue began earlier this month when Inox…

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