Cabinet approved waiver of MDR on debit cards upto 2,000 Widgets Cabinet approved waiver of MDR on debit cards From January 1,2018 you will not be charged fees on debit card transactions upto RS.2,000 for at least two years. Trying to boost digital payments,the union cabinet has decided to waive the merchant discount rate (MDR) Applicable on all debit cards,BHIM and UPI transactions upto

Bitcoin – Cryptocurrency in Brief – What is it used,what changes bitcoin price,How Cryptocurrency work Widgets Bitcoin – Cryptocurrency is an innovative payment network and a new kind of money.It uses peer to peer technology to operate with no central authority or banks.Managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open source,its design is public,no body owns or controls Bitcoin and

Countries With Highest And Lowest Fuel Prices – Least 65 paisa per litre !! Widgets Indian National Congress’s vice president Rahul Gandhi attacked the ruling Bharatiya Janata Party on Friday and one of his key demands from the government was to bring petrol and diesel under recently implemented Goods and Services Tax (GST). Gandhi indirectly claimed that current fuel prices are resulting in excessive profiteering from common man

List of Revised GST rate Slabs for 27 goods Widgets The Goods and Services tax (GST) council on Friday cut rates on 27 items and 12 services, and approved sweeping changes in rules to soothe frayed nerves of millions of small enterprises and exporters that have been battling with procedural irritants, delayed refunds and technical glitches on returns filing. Here is the list

Rajnish Kumar – Next SBI chairman,to take over on October 7 Widgets Rajnish Kumar has been named Chairman of India’s largest state run lender State Bank Of India for a period of three years. Arundhati Bhattachaya’s term ad SBI chairman ends thus week. Kumar currently holds the post of Managing Director at SBI. Kumar started his career with SBI as a probationary Officer in 1980.He

RBI keeps Repo Rate Unchanged,Downgrades Growth Forecast to 6.7% Widgets The Reserve Bank Of India (RBI) kept its policy rate unchanged at a near seven year low of 6 percent on Wednesday,despite a sharp slowdown in economic growth,after a surge in consumer inflation to a five month high. “The projection of real GVA growth for 2017 – 18 has been revised down to

RCom – Aircel merger deal called off Widgets The merger of Anil Ambani owned telecom major Reliance Communications (RCom) with its peer Aircel has been called off and the former will hive off an alternative plan including monetising its spectrum bands and real estate assets.   In a meeting with board of Directors,RCom reviewed the ongoing strategic transformation programme,and considered alternate

SEBI advisory committee may consider Trading hours extension Widgets An advisory committee of market regulator SEBI is likely to discuss a proposal for extending stock market trading hours,even as several brokers feel any such move would increase cost and logistics burden for them. The stock market in India currently opens at 9 am and closes at 3:30 pm,but there is a view

Income Tax department extends deadline for Aadhar -PAN linkage till Dec 31 Widgets The government today extend by four months the deadline for linking PAN with Aadhar till December 31,a source said.The deadline for linking PAN with Aadhar was to end today. This comes at a time when government has granted a similar extension for furnishing of Aadhar for availing the benefits of various social welfare

How currency denominations are determined – A story behind the new Rs 200 note Widgets The Reserve bank of India recently announced the introduction of a never seen before Rs.200 currency note and said that it would simplify getting change for larger denomination notes. The Rs.200 note will be the first newly introduced denomination sincr the introduction of Rs.2,000 notes in November last year,when the government decided to