January, 2018

 

IRCTC eticketing sales hit by service charge withdrawal

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MUMBAI | NEW DELHI: The government’s push towards a digital economy has been a sore point for one of its own and among the country’s biggest ecommerce firms, the Indian Railway Catering and Tourism Corporation (IRCTC). The government’s decision in November 2016 to withdraw service charge on etickets, to promote digital payments, cost IRCTC a 26% drop in internet ticketing revenue to Rs 466.05 crore in financial year 2016-17. IRCTC used to levy a service charge of Rs 20 on every non-AC eticket and Rs 40 for every AC eticket. At 30%, internet ticketing forms theRead More


EPF Withdrawal After Leaving The Job- How To Apply

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Did you also left the job and now you want to withdraw your EPF balance? You must have heard about the long and difficult procedure of the PF withdrawal. But, Don’t worry. I will tell you the procedure of EPF withdrawal. By Following this, you will get your Employee Provident Fund money easily and quickly. But before that, Please answer some questions. Are you still on the job? Are you going to have a job? Can you manage without EPF money? If your answer is YES, you should not withdraw the EPF balance. There are 4 reasonsRead More


4 things Modi govt can claim as key achievements

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A leading industrialist once described critics’ reaction to the Narendra Modi government’s economic policies to the Amazon ad with the punchy catchline `Aur Dikhao’. The ad starts by showing the variety and breadth of items available on the Amazon app and the website. But the typical Indian shopper, prickly as always, is not impressed and demands more. The visual then switches to the rapid flipping of sections and pages on the app with a growing list of items while the background music blares the `Aur Dikhao’ song to a catchyRead More


10 important things to know about Tax savings

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As per the present income tax laws, under Section 80C of the income tax act, you can claim deduction for investments up to Rs 1.5 lakh in tax-saving fixed deposits. The amount so invested is to be deducted from gross total income to arrive at taxable income. Below are a few important points you should be aware of before investing in tax saving FDs. 1 . Only Individuals and HUFs can invest in tax saving fixed deposit(FD) scheme. 2. The FD can be placed with a minimum amount which varies from bankRead More


IPL 2018 auction LIVE, Day 1, Bengaluru:

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Welcome to our Live coverage of Day 1 of Indian Premier League (IPL) 2018 mega auction from Bengaluru. After the IPL retention process, the franchises now have a trimmed purse. Rajasthan Royals (67.5 cr), Kings XI Punjab (67.5 cr), Sunrisers Hyderabad (59 cr), Kolkata Knight Riders (59 cr), Chennai Super Kings (47 cr), Delhi Daredevils (47 cr), Royal Challengers Bangalore (49 cr), Mumbai Indians (47 cr). Gautam Gambhir, R Ashwin, Yuzvendra Chahal are some of the key players among the Indian lot to watch out today. Rashid Khan, Ben Stokes, Dwayne BravoRead More


iPhone X now Available With Rs. 12,000 Cashback

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HDFC Bank has partnered with Apple India to extend a cashback of up to Rs. 12,000 on purchase of several iPhone models including the iPhone X, iPhone 8, iPhone 8 Plus, and more. The offer is valid on EMI transactions on HDFC Bank credit cards, debit cards, and consumer durable loans. The scheme is valid till March 11 across Apple resellers in India. Cashback will be credited on or before 90 business days, and the offer is valid on a maximum of two transactions per card per category during the given period. Cashback on the AppleRead More


Income Tax Exemption on Gifts from Parents & Relatives in India

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Gifting somebody is a common norm followed since prehistoric ages. Till date, gifting is considered a healthy and courteous habit. It is a way of expressing your gratitude. In this article, we will talk about income tax which is applicable to these high priced gifts. Gifts can be referred as a huge sum of money or property. There are rules and terms for such gifts. We also know the exemptions to these taxations and how we can save on taxes. What gifts are taxable? Gifts which levy income tax can be inRead More


Facebook acquires ID verification startup Confirm.io

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Facebook Inc is buying a software firm that specializes in authenticating government-issued identification cards, the two companies said on Tuesday, a step that may help the social media company learn more about the people who buy ads on its network. U.S. lawmakers have expressed alarm at Facebook’s limited ability to know who is buying advertisements, including election-related ads, on the world’s largest social network. Boston-based Confirm Inc, which is privately held, said on its website that the acquisition was the culmination of three years of work to build technology toRead More


RBI, govt may extend deadline for banks to switch to IndAS

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The Reserve Bank of India (RBI) could give banks more time to implement new accounting standards because the process contains legislative changes and additional capital, according to a Mint report. Banks and financial companies are expected to implement Indian Accounting Standards (IndAS) from April 1, 2018. At present, they follow Indian Generally Accepted Accounting Principles (GAAP) standards. The RBI has so far not issued any guidelines for public sector banks because it requires amendments to the Banking Regulations Act. Private sector banks are covered under the Companies Act. Corporate entities have been followingRead More


’90K Indians evacuated from war zones, natural disasters

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NEW DELHI: Around 90,000 Indian nationals have been safely brought back from foreign conflict zones, countries affected by natural disasters and other challenging situations in the last few years, a senior MEA official today said. Secretary (Consular, Passport, Visa and Overseas Indian Affairs) in the Ministry of External Affairs Dnyaneshwar M Mulay, said, the evacuation of these people were carried under the aegis of the Indian Community Welfare Fund (ICWF). “Our (MEA’s) dictum is pro-people and people-centric policies with a larger motto of ‘Sarvajanhitay, Sarvajansukhaiy’ (benefit for all, welfare for all). And,Read More