Submitted by business_centrik on 16/02/2017 The Union Cabinet on Wednesday approved the merger of State Bank of India with five of its associate banks including State Bank of Bik aner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, and State Bank of Travancore. The merger proposal was announced in May 2016 … Continue reading “Cabinet approves SBI merger with 5 associate banks”

Submitted by business_centrik on 31/01/2017 All limits on cash withdrawals from current accounts removed with immediate effect. The Reserve Bank of India (RBI) has removed the cash withdrawal limit from current accounts, cash credit accounts and overdrafts, with immediate effect. The RBI also announced that from February 1, the withdrawal in a single day from a savings … Continue reading “From Feb. 1, SB account holders can withdraw ₹24,000 from ATMs in one go”

Submitted by business_centrik on 06/01/2017 The country’s largest lender State Bank of India will take the lead among state-run lenders to launch branch less banking called SBI Digi Bank, something similar to what Citi or DBS have done elsewhere in the world. The Digi Bank will have a financial superstore, a market place, and end-to-end digitisation for all … Continue reading “SBI to launch its own version of digital only bank soon”

Submitted by business_centrik on 28/12/2016 The penalties will be imposed on anyone who possess old Rs 500 and Rs 1000 notes post December 30, as the last date to deposit the demonetised money in banks would expire on this date. Only selected RBI branches would accept old currency of Rs 500 and Rs 1000 after December 30. … Continue reading “Holding old currency beyond March 31 could lead to a hefty fine or imprisonment”

Submitted by Tax_centrik on 19/12/2016 As GST would going to implement from April 2017, all existing tax payers registered under Service tax, Excise and other state laws such as VAT, need to get register themselves for migrated in to new tax regime- We are providing you list of date of opening and closing of registration for GST … Continue reading “GST Registrations Starts”

India’s Minister of State for External Affairs Gen. V.K.Singh revealed that Indian Governmeent is looking for ways to link all insurance schemes in such  a  way that the interest of million of its expatriates are safegaurded, just like Philippinies has for its oversees workers.As part of country’s social security scheme ,Philippinies has schemes for thier housing and medical requirements,education for children … Continue reading “Benefits for expatriates”

Janani Sishu Suraksha Karyakaram started by Ministry of Health to ensure better facilities for pregnant women and new born child by providing free  ambulance services from home and drop back,free delivery/caesarean section;free drugs,diagonstics and blood transfusion and similar facilities are provided to child upto 1 year of age. This will be beneficial for those mothers who … Continue reading “Janani Sishu Shuraksha Karyakaram”

Union Agriculture and Farmers Welfare Minister,Shri Radha Mohan Singh launched e-Nam mobile app for farmers to connect trading markets for farmers benefits.It will be a boon for all farmers as there will be flat pricing accross the country and it will benefit poor farmers as they would not be fooled anymore by commission agents. They can get … Continue reading “e-Nam mobile app for farmers”

Government of India has decided that subscribers of Small Savings Schemes may not be allowed to deposit SBNs in Small Savings Schemes. Therefore, RBI has advised banks not to accept SBNs for deposits in Small Saving Schemes with immediate effect. Source: www.rbi.org.in

To control the rising incidence of fake notes and black money, the scheme to withdraw high denomination notes has been introduced by RBI. High denomination notes have been misused by terrorists and for hoarding black money. Therefore the notes of denominations 500 and 1000 stand withdrawn. Consequently, high denomination (old) notes cannot be used for transacting … Continue reading “RBI steps ahead to curb black money”

Revenue Secretary Hasmukh Lal said that GST can be paid online using debit or Credit Cards. Tax payers can use any mode of payment whether electronic or RTGS. There is no need to open account in government banks , GST regime allowed tax payers to  make payment through private banks also. Source : Firstpost

Mark Mobius of Templeton Emerging Markets Group on Monday placed India among ‘strong emerging markets’ in the quarter gone by as the Asian region continued to gain.With the GDP growth in many countries slowly improving, India continued to grow at 7.1% in the first quarter of FY17. Markets in Asia continued to gain, making it … Continue reading “India Among Strong Emerging Markets”

E-Hospital, a new initiative has been started to intensify the health care services in India. E-hospital aims at strengthening the hospital information system, internal work structure of hospital to ease the work flow in order to benefit more number of patients in minimum time frame. Around 40 hospitals are using e- hospital. This is a … Continue reading “E-Hospital”

E-Hospital, a new initiative has been started to intensify the health care services in India. E-hospital aims at strengthening the hospital information system, internal work structure of hospital to ease the work flow in order to benefit more number of patients in minimum time frame. Around 40 hospitals are using e- hospital. This is a great … Continue reading “E-Hospital”

Election comes and political people start releasing new schemes. One such scheme has been started by Akhilesh Yadav to give free mobile phones to those who come under the category of below povery line (BPL). This is the first initiative of Samajvadi government in the field of digitisation. The yojana is for students who have … Continue reading “Samajwadi free smartphone yojana”