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KYC Rules Driving Away Mobile Wallets Users; Firms Report 95% Loss In Transactions!
RBI had instructed that after March 1st, mobile wallets users who have not completed their KYC process cannot add more money into their wallets; although they can use the existing money. This has resulted in a massive drop in transactions,…
Think KYC? Think Aadhaar! RBI Alters Rules To Make Aadhaar The Only Valid ID Proof!
As per the new rule, RBI has added a line that every entity under them must obtain “from an individual who is eligible for enrolment of Aadhaar”: Aadhaar, PAN Card or Form 60. Every Indian citizen can obtain Aadhaar; and hence, indirectly,…
Exclusive: Paytm Phishing Becomes Scarier; Fraudsters Are Now Visiting Homes!
We all know Paytm is India’s largest mobile app and torch-bearer of digital transactions and Digital India movement. Now, there's a new type of Paytm phishing. Fraudsters have devised a new technique: They will visit your home, and ask to…
Cash Crunch Update: SBI Allows Withdrawals From PoS; Raid On Hoarders Begin!
There is a severe cash crunch which is affecting almost entire India. Panic has already set in, as people are queuing up outside ATMs! In a noble gesture, State Bank of India has allowed cash withdrawals from PoS i.e. their Point of Sale…
No Commercial License Required For Auto, Taxis Now – Will This Decision Help?
In a major decision, Govt. of India has removed the requirement of a commercial license for driving autos, taxis in India. This is a major change unleashed on The Motor Vehicles Act, 1988, which basically changes the entire structure and…
Bengaluru Employees Highest-Paid In India – Rs 10.8 Lakh Is The Average Salary!
As per Randstad study, an average employee in Bengaluru gets the maximum salary in the whole country. Rs 10.8 lakh is the average salary of a professional in Bengaluru, as per the findings of the study. The study found that employees in…
Salaried Employees Can Be Punished For Incorrect Tax Returns – IT Dept.
In a terse, crude and direct notification for all salaried employees, Income Tax Dept. has threatened salaried employees of severe punishment, if they file incorrect tax returns. At the same time, as reported earlier, there are many tax…
iPhone X Is The Most Profitable Smartphone – Apple Scores 90 Percent Industry Profits!
As per a recent report, Apple iPhone X has become the most profitable smartphone with 35 percent of the entire profits made by the whole handset industry in the last quarter of 2017. Not just iPhone X, but Apple as a whole captured a…
UIDAI Says Google Wants Aadhaar To Fail; Flight Tickets Will Be Now Aadhaar-Linked!
While arguing in the case, senior advocate Rakesh Dwivedi, appearing for UIDAI claimed that Google wants Aadhaar to fail in India. As per the arguments made, if Aadhaar becomes a major success, then Google and other companies will be out of…
This Is India’s Fastest-Growing Company With Largest Paid Subscription User Base!
Within a few years of its launch in India, this US-based e-commerce company has become one of the largest organisations in the country. With millions of active users and lakhs of orders placed every day, Amazon has become the…
Panic Sets In As Cash Vanishes From ATMs Across India; Govt. Says ‘Unusual’ Situation!
As cash vanishes from ATMs, in the last 72 hours, reports have emerged from all over the nation, that there is no cash in 80% of the ATMs. The issue started from Andhra Pradesh and Telangana states, where contractors are known to have a…
Govt. Plans Chip Inside Set-Top Boxes For Surveillance; Jio DTH Plans Leaked!
Information and Broadcasting Ministry, headed by Smriti Irani has proposed mandatory installation of a special chip inside every set-top box in India. This 'Surveillance' has been planned to monitor what Indians are watching, and which TV…
Can Enterprise Search Solutions Really Improve Organisational Efficiency?
Enterprise Search is a method to identify the content on enterprise platforms and index it so that it is available for search and display to the authorized users of that organisation. The content can have multiple sources like a database,…
E-commerce Portals Will Be Asked To Refund GST Benefits; Tax Collection Expected To Rise!
If e-commerce portals and online sellers thought that GST reductions will be profits for them, then they will have to think hard now. National Anti-Profiteering Authority has indicated that e-commerce companies would be soon asked about GST…
BHIM App Will Give Rs 750 Cashback Every Month; Here’s How You Can Avail It Right Now!
Govt. of India has launched a sizzling cashback offer for all BHIM app users - Now, you can get Rs 750 per month as cashback, every month. This cashback offer is applicable to both new and existing users. This could be described as one of…
Flipkart Challenges IT Appellate Tribunal; Triggers Tax War With Govt!
After Income Tax Dept. asked Flipkart to pay a tax of Rs 110 crore for the financial year 2015-16, they approached IT Appellate Tribunal, challenging the tax demand. The case is right now underway, as lawyers from both the sides are arguing…
Govt. Wants 100% Control Over GSTN; Private Firms May Be Asked To Quit!
GSTN was established as a separate nonprofit organisation, having Rs 10 crore as initial capital. Right now, Centre and State Governments hold only 24.5% stake each in GSTN, which is described as a separate company. Govt. wants 100% control…
Delhi Airport Beats New York’s JFK Airport; Becomes World’s 16th Busiest Airport!
Last year, Delhi Airport was ranked as worst in terms of accessibility and reliability, that too within India; and in 2014, in a global ranking, Delhi Airport was ranked 62nd in the entire world. But since then, Delhi Airport officials have…
WhatsApp Shares Your Payments Data With Facebook – Report
After a beta run, the WhatsApp payments feature still awaits a full roll out. But in the latest report, it has been revealed that WhatsApp may have shared the payments data of users with its parent Facebook. The WhatsApp payments feature is…
RBI Makes It Tough For Digital India – All Payment Companies, Wallets Should Store Data In…
As part of their Policy Review meetings, Reserve Bank of India has asked all payment firms, payment companies, wallets and any provider of digital payments to store their data locally. They have 6 months to comply with this new rule.