How to Get your Bank balance, Mini statement, transfer balance without internet

Previously we posted regarding ‘How to get the balance for all the banks by just giving a missed call’,Hope you enjoyed it a lot and have started using it ,Today we are introducing another service for bank users,where you can use the banking services without any internet or app. This service can be very useful for us ,we can easily transfer our funds,get the balance or mini statements ,the best thing is that all this happens offline without internet,you can also know your account number easily from ‘balanceinq’ option. To availRead More

Good news! Cheque book issuance, ATM withdrawals likely to remain out of GST ambit

Free banking services like cheque book issuance and ATM withdrawals is likely to remain out of the ambit of the GST, a senior finance ministry official said. The Department of Financial Services had approached its revenue counterpart to clear the confusion over the levy of Goods and Services Tax (GST) on some of the free services offered by banks to their customers. “The revenue department is likely to tell the financial services department that GST will not be levied on free banking services,” an official told PTI. Amid banks gettingRead More

Employee Stock Option Plan: All you need to know about ESOP and its tax implications

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You must have heard the stories of many drivers, office assistants and secretaries working with Infosys becoming millionaires. This could become possible owing to a system of making such stakeholders as stockholders of the company by granting them what is generally known as ESOP (Employee Stock Option Plan or Employee Stock Ownership Plan). Here we are talking about the various aspects related with ESOP. What is ESOP? ESOP is a system under which the employees of a company are generally given the right to acquire the shares of the companyRead More

Voter ID scam: Police arrest 3, look out for 10 more persons

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Even as the Election Commission of India postponed the elections at the Rajarajeshwari Nagar constituency, the police have arrested three persons in connection with the voter ID cases. The police arrested Chinna Tambi, Chinna Dorai and Sharavana. Police officials said that a hunt is on for another 10 persons allegedly linked with the case. City police commissioner T Suneel Kumar told reporters that MLA Munirathna was named as an accused as water bottles found in the flat bore his picture. “We will secure all the accused and will question theirRead More

Up to Rs 100 GST discount on digital payments plan

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The five-member GST committee led by Sushil Modi has put the proposal to offer discount up to Rs 100 on applicable GST for the cheque and digital payments in all B2C transactions on hold until the next meeting as some members raised concerns on using the GST as a tool to incentivise digital transactions, CNBC-TV18 reported quoting sources. Sushil Modi said that one more meeting is required to calculate the loss and gains of incentivising the digital transactions. The revenue loss could be up to Rs 25,000 crore, the news channelRead More

RBI regulations create roadblocks for peer-to-peer lending companies

Finding alternative sources of investment is picking up as a phenomena in India. With limited venture funds and resource capital available, entrepreneurs and businesses are being compelled to seek out different avenues of funding such as peer-to-peer lending (P2P) for their operations. Looking at the advent of this online industry and its potential impact, regulatory bodies like SEBI and RBI are having to address this industry. While SEBI has made the first move, and is working on establishing regulations for the unregulated crowdfunding sector, RBI isn’t too far behind, and has published a discussion paper, based onRead More

IRCTC asks railway zones to deploy at least 10 POS machines in each train to provide bills for food items

New Delhi: The Railways has issued instructions to all its zones to ensure at least 10 point of sale (POS) machines on each train under their jurisdiction so that passengers are provided bills for food items they purchase. In a letter issued on Monday, the IRCTC said that despite it being mandatory for the licensee to issue bills to passengers for food items through POS machines, the hand-held electronic bill printing devices were not deployed in trains and cases of overcharging were “continuously being received, resulting in bad publicity for theRead More

Airtel’s Data Recharge Packs: Rs. 48, Rs. 98, Rs. 175, Rs. 248, Rs. 398 Explained

Sunil Mittal-owned Bharti Airtel is currently offering a host of data recharge packs apart from its unlimited prepaid plans. These data packs come with specific data limit for a specific period of time. These packs are priced at Rs. 48, Rs. 98, Rs. 175, Rs. 248 and Rs. 398, as mentioned on the official website of Airtel- airtel.in. There is an ongoing data war in the telecom market which kick started in the country’s telecom sector by Mukesh Ambani-run Reliance Jio. Airtel’s unlimited data pack in detail: Airtel is offering 400MB of data for Rs. 48. The pack is valid for aRead More

Bank Employees May Go On Two-Day Strike This Month: 10 Points

Bank employees may go on strike for two days later this month. A 48-hour strike by over 10 lakh bankers – employees of state-run and private sector banks – will be called by the end of May if the government does not ask the Indian Banks’ Association (IBA) to make an improved offer, news agency IANS cited All India Bank Employees Association (AIBEA) General Secretary C H Venkatachalam as saying. AIBEA is a trade union of bank employees. “If the Finance Ministry does not intervene to make the IBA toRead More

Flipkart Big Shopping Days Offers : 13 to 16 May 2018

After the resounding success of its action-packed Big Diwali Sale, Flipkart is back with yet another Big Shopping Days Sale; the Flipkart Summer 2018 Sale. Exclusively for Flipkart lovers, this fun-filled seasonal discount sale is all set to paint the upcoming festive season red. This Sale will present everyone the chance of buying and gifting clothes, electronics, smartphones, fashion accessories, and various other products to their hearts’ desire. So, get ready for the Flipkart Big Shopping Days Sale Offers period that begins on 13 May 2018 and extends to 16 MayRead More