23.2 C
India
December 13, 2017
In the Finance Bill passed on Wednesday, the government had inserted an amendment making Aadhaar mandatory for filing income tax returns. As per the amendment, “Every person who is eligible for an Aadhaar number shall, on or after the 1st day of July 2017, quote Aadhaar number, (i) in the application form for allotment of the permanent account number; (ii)...
The government on Tuesday proposed to make Aadhaar Card mandatory for filing income tax returns and also applying for a Permanent Account Number (PAN). Any application for a Permanent Account Number or PAN, which is a unique ID assigned to each tax payer, will also have to state your Aadhaar or 12-digit unique ID, which is backed by biometrics like...
sbi
The big news of the day came when the RBI declared the merger of all the branches of five associate banks to the parent SBI. “Customers, including depositors of State Bank of Bikaner and Jaipur, State Bank of Hyderabad,State Bank of Mysore,State Bank of Patiala and State Bank of Travancore will be treated as customers of State Bank of India...
Three years after it was formed, the government has approved merger of the Bharatiya Mahila Bank with the country's largest lender SBI to ensure greater banking outreach to women. The Union Cabinet, chaired by Prime Minister Narendra Modi, had last week cleared the merger of the two banks. Explaining the rationale behind the merger, the finance ministry said the SBI group...
The Service Tax Department’s application to extradite Vijay Mallya from the U.K. and Kingfisher Airlines Ltd.’s former Chief Executive Officer Sanjay Aggarwal from the U.S. has been accepted by the Mumbai Chief Metropolitan Magistrate, the department’s special counsel told sources on Friday. "The Esplanade metropolitan magistrate's court has issued a non-bailable warrant against Mallya, to be executed through the Ministry...
The Narendra Modi-led Bharatiya Janata Party’s (BJP) strong showing in Uttar Pradesh (UP) elections propelled the benchmark Nifty to a record high and took the rupee to its highest level in 16 months. The resounding victory in the state elections,seen as a referendum on Modi’s popularity and radical decision like demonetisation,raised hopes of accelerated reforms and economic growth, boosting investor...
On the 8th of November 2016, Prime Minister Narendra Modi made a declaration that brought a tremendous change in the Indian economy. The demonetisation of 86% of currency in circulation was introduced in order to curb the circulation of black money. It also aimed to create a digitized nation that thrived on electronic payment, so as to boost transparency. But...
Business tycoon Vijay Mallya, whose defunct-Kingfisher Airlines owes over Rs. 9,000 crore to various banks, has once again offered to settle with the lenders. In various messages posted on social media platform Twitter, Mr Mallya said that he is ready to pay a one-time settle charge on the Rs. 9,000 crore loan default. Vijay Mallya today accused the government of...
In yet another case, an ATM in South Delhi’s Amar colony area on Wednesday dispensed a fake Rs 2,000 currency note with “Children Bank of India” printed on it, police said. While the incident of an SBI ATM in the Sangam Vihar of southeast Delhi dispensing Rs 2,000 notes titled “Children Bank of India”, and with “Churan Label” written on...
SBI
State Bank of India is planning to increase the minimum balance required for maintaining savings account from April 1. Also, It will have a huge impact on 31 crore depositors including pensioners and students. The monthly average balance (MAB) requirement has been increased to Rs 5,000 for branches in six metros. Savings bank account holders of SBI and its five associates...