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NPS New Rule: Bank Account, Mobile Number Made Mandatory For Subscribers

New Delhi: The Pension Fund Regulatory And Development Authority (PFRDA) on Friday announced to make bank account details and mobile numbers of subscribers mandatory. The pension regulator has introduced the new rule in order to offer ease of operation for the benefit of subscribers. The new rule will also allow the exit from National Pension System (NPS) a hassle free experience, says the finance ministry statement on Friday. The changes in NPS have been introduced via new subscriber registration form that has been introduced by the PFRDA. A finance ministry releaseRead More


Amazon Summer Sale: ACs and coolers at discounts

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It’s that time of the year when everyone starts hunting for a new AC to beat the heat that has almost arrived or will surely arrive in the coming months. Encashing the chance, Amazon has introduced Summer Sale on its e-commerce website giving cashbacks and other deals on air conditioners and coolers. The sale is up only for the weekend (April 21 and 22). Here are some of the top deals you can avail on ACs and coolers: Voltas 1 Ton 3 Star (2018) Split AC (Copper, 123CZA, White) is on sale at 33% discount. The MRPRead More


Petrol, Diesel Prices Hiked For Fifth Day In A Row; Rates Raised To Multi-Year Highs

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Petrol and diesel prices today were hiked by 10 paise per litre across Delhi, Mumbai, Chennai and Kolkata. With that, while diesel price is at its highest ever level recorded in Delhi, petrol price is at a 55-month high. Effective 6 am, Monday, petrol retailed at Rs. 74.5 per litre in Delhi, Rs. 77.2 per litre in Kolkata, Rs. 82.35 per litre in Mumbai and Rs. 77.29 per litre in Chennai, according to Indian Oil Corporation’s website – iocl.com. Diesel prices were at Rs. 65.75 per litre in Delhi, Rs. 68.45 per litre in Kolkata, Rs. 70.01 per litre in Mumbai and Rs. 69.37 per litreRead More


Taxi, auto drivers no longer require a commercial license: Here’s more

Bringing a taxi, three-wheeler, e-rickshaw or two-wheelers for the purpose of food delivery etc will be a little easier for individuals and merchants with a new government rule. Under the rule, drivers of these vehicles will no longer require a commercial licence and their private licences will be accepted legally for the same. However, the government has also said that it will be mandatory for truck, bus, other heavy commercial vehicle drivers to get commercial driving licences made. The Road Transport Ministry issued an advisory to the state governments to follow thatRead More


BHIM App cashback plans- Here’s how to get upto Rs 750

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Indian Government is in plan to more offers to attract its citizens to use BHIM app as many apps are ruling in the mode of Digital Payment options. Now BHIM is coming up with cashback scheme for both customers and merchants. Ministry of Electronics and IT (MeitY) has announced that BHIM cashback scheme has been extended. Cashback worth Rs. 51 for new customers and a total of Rs. 1,000 to merchants opting the BHIM app. With this deal, BHIM users will get Rs. 51 cashback on their first transaction usingRead More


Amazon announces feature phones sale

NEW DELHI: Amazon is holding a sale for featurehones for the first time ever, underlining the continued strong demand for the basic phones in India and the penetration of Internet into semi-urban and rural parts of the country. The online platform said the segment forms a large share of the Indian handset market and it was therefore addressing customer needs in that segment, which analysts said had only grown in the last few quarters due to the disruption caused by Reliance Retails’ Jiophone. “Feature phones continue to form the lion’sRead More


SBI Electronic Fixed Deposits (FDs): Interest Rates, Tenure, Details

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State Bank of India (SBI) offers attractive interest rates on fixed deposits (FDs). Fixed deposit, a popular savings instrument offered by banks and financial companies, assures of a fixed interest rate on customers’ investments. The biggest advantage of investing in FDs is that the investment is secure against volatility linked to other market-based savings instruments like bonds and shares. That is why FDs are apt for risk-averse investors. SBI recently revised interest rates on its FDs. The interest rates for senior citizens are slightly higher than those for others, accordingRead More


Vodafone, Idea may let go of over 5000 employees

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MUMBAI: The ongoing merger process of Vodafone India and Idea Cellular could see about a fourth of the telcos’ combined 21,000-strong workforce lose jobs in the next few months as the companies look to save on costs, eliminate duplication and improve efficiency, people familiar with the matter said. Both companies — which are making losses amid huge revenue pressure and acombined debt of some Rs 1,20,000 crore —have been advised by the nodal team handling the merger to shed at least 5,000 employees in the next couple of months. “TheRead More


Reliance Jio’s next big bet: Laptops with a SIM card

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NEW DELHI: A laptopwith a SIM card — after smartphones and the 4G feature phone — could be the next big bet for Reliance Jioin its bid to increase its average revenue per user (ARPU). The Mukesh Ambani-led Jio has held talks with US chip major Qualcomm to bring out laptops running the Windows 10 operating system with built-in cellular connections for the Indian market. Qualcomm is already closely working with Jio and Reliance Retail for the 4G feature phone. “…we have talked to Jio. They could take the device and bundle it withRead More


International Monetary Fund On Aadhaar: India Should Take Steps To Ensure Privacy

WASHINGTON:  The International Monetary Fund (IMF) today said India should take necessary measures to ensure privacy and security controls while implementing large identification programmes like the Aadhaar, as the global financial body identified India as a leader in the biometric identification system. The IMF in its fiscal monitor report on digital government said digitalisation can facilitate stronger governance and fiscal transparency, allowing better public awareness and scrutiny of the budget process and the design of fiscal policy. In India, the IMF said, biometric identification and electronic payments have helped reduce leakagesRead More