Linking Aadhaar to bank accounts mandatory, clarifies RBI

October 23, 2017

Mumbai: The Reserve Bank of India (RBI) on Saturday dismissed media reports that it was not mandatory to link Unique Identification Authority of India-issued Aadhaar to bank accounts. “The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 published in the Official Gazette on June 1, 2017,” the central bank said…

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ATM malware has evolved to attack banks’ corporate network: Report

October 23, 2017

BENGALURU: ATM malware has evolved from requiring physical access to infect the machines to now successfully attacking network-based access using the bank’s corporate network, a new report said on Tuesday Global cyber security solutions leader Trend Micro and Europol’s European Cybercrime Centre (EC3) released a comprehensive report titled “Cashing in on ATM Malware”, that details both physical and network-based malware attacks on ATMs as well as highlights where the malware…

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Do you have gold in your locker? You’ll be taxed depending on how long you have kept it

October 21, 2017

Do you have gold in your locker? You’ll be taxed depending on how long you have kept it If you have been religiously investing in gold around every Diwali for the last 10 years, you must be a rich person now. The yellow metal has risen three-fold in the last decade. However, before you think of taking out your gold from the locker and selling it to realize the gain,…

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No RBI Order on Linking Aadhaar Number With Bank Account, Reveals RTI

October 21, 2017

New Delhi, October 20: The Reserve Bank of India has clarified that it has not issued any order making it mandatory to link Aadhaar numbers to bank accounts, failing which accounts will be suspended. This was is response to an Right to Information (RTI) Act application filed by Yogesh Sapkale of moneylife.in. In its response to RTI query, the RBI said, “The Government has issued a Gazette Notification GSR 538(E)…

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Nearly 37 Lakh GST Returns Filed For September So Far: GSTN Chairman

October 21, 2017

Seventy five thousand sales data is being uploaded on the GSTN portal on an hourly basis, its Chairman Ajay Bhushan Pandey said. New Delhi: Nearly 37 lakh GST returns for September have been filed till 1900 hours and 75,000 sales data is being uploaded on the GSTN portal on an hourly basis, its Chairman Ajay Bhushan Pandey said on Friday. The deadline for filing the initial returns in GSTR-3B for…

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Banks Allowed To Accept Deposits Under Small Savings Schemes

October 21, 2017

Top three private sector lenders have also been allowed to accept deposits under schemes like NSC, recurring deposits and monthly income plans. New Delhi: In order to encourage savings, the government has allowed banks, including top three private sector lenders, to accept deposits under various small savings schemes like National Savings Certificate (NSC), recurring deposits and monthly income plan. Until now, most of the small savings schemes were sold through…

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EPFO To Go Fully Digital By Next Year: 5 Key Benefits That It Offers

October 20, 2017

Employee Provident Fund Organisation payments can now be made to the beneficiaries through electronic or online fund transfer system. Employee Provident Fund Organisation (EPFO), the government body responsible for execution of provident fund services, is likely to go paperless within a year. The move is part of the Digital India campaign of the government, said Union Minister of State, Ministry of Finance, Santosh Kumar Gangwar. In fact, the retirement fund…

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Aadhaar: Petition filed in Supreme Court challenging linking with bank account, mobile phones

October 20, 2017

A fresh petition has been filed in Supreme Court challenging the mandate by Centre to link Aadhaar with bank accounts and mobile phones. The petition has been filed by Kalyani Menon a feminist researcher works on women’s rights. Menon had earlier filed a petition challenging the vires of the Aadhaar Act which is pending before the Supreme Court. In the petition drawn by advocates Samiksha Godiyal and Udayaditya Banerjee and…

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Airport, railway Wi-Fis hotspots for cyber attacks, warns govt agency

October 20, 2017

CHENNAI: Browsing internet using public wireless computer network at railway stations and airports may leave you vulnerable to cyber attacks, government agency Indian Computer Emergency Response Team (CERT-in) has warned. The nodal agency for responding to computer security incidents in India has rated the vulnerability quotient of public Wi-Fi in the country at ‘high’. “Successful exploitation of these vulnerabilities allows an attacker to obtain sensitive information such as credit card…

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UIDAI: No one can be denied rations for lack of Aadhaar

October 19, 2017

NEW DELHI: The Unique Identification Authority of India (UIDAI), which administers Aadhaar, said that six members of the family of the 11-year-old Jharkhand girl who allegedly died of starvation had Aadhaar and stringent action must be taken against those who allegedly denied her benefits under food subsidy scheme. Activists have alleged that the 11-year-old girl in Simdega district died of starvation as her family’s ration card was cancelled as it…

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IndiGo’s Festive Offer Sale: Tickets Start At Rs. 1,235, Rs. 1,120

October 19, 2017

IndiGo’s special festive offer is valid till October 25, 2017. In order to cash in on the festive season rush during Diwali, budget carrier IndiGo is offering fares starting at Rs. 1,235 on select flights. This a special festive offer which is valid till October 25, 2017. The travel period for which IndiGo’s festive season sale is valid is between 1st November 2017 and 31st March, 2018. The offer is…

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Jio Diwali Dhamaka: Pay More For 84-Day Plan; Get 4GB Data At Rs. 149

October 19, 2017

Jio also reduced recharge tariff for lower denomination and short-term plans besides offering data benefits under the schemes. New Delhi: Reliance Jio customers will have to pay 15 per cent more for its popular 84-day plan at Rs. 459 from Thursday, under which subscribers get 1GB 4G data at high speed per day, according to information published on the company’s website. However, subscribers of Rs. 149 plan will get 4…

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