Weekly Wrap-up: Currency Demonetisation, GST Mega Portal, Jio Call Drop Rate & More…


It’s Monday morning and once again time to do a quick wrap-up of posts published on trak.in last week. If you were offline for any reason this is a great way to catch up with all the tech buzz with our weekly wrap-up…

Weekly Wrap-up: Ola Corporate, BookMyShow Financials, Paytm Sound Pay & More…

The Note 7 debacle cost Samsung not just $17 billion, but a lifetime worth of trust and praise. Adding to this, Samsung Electronics has now decided to recall 2.8 million washing machines, top-loading, due to a risk associated with them.

WhatsApp is now looking to launch another feature that has been made famous by Snapchat – quick snaps and videos to share with friends. This feature was introduced by Snapchat, and since then has also been adopted by Instagram, in the form of Instagram stories.

With the sudden pullback from hedge funds and VC’s, many companies have landed in a cash crunch, and are now focussing their energies on making their operations profitable so they can become self-sustainable. Some of the areas where the e-commerce sectors had leapfrogged in the past, but are now doing a U-turn!

Income Tax department has revealed some interesting statistics related with wealth of Indians, who decided to declare their incomes last year. Relatively, annual declaration of income has increased at an astonishing pace, and the declared income of salary holders have risen faster than any estimation.

Even if you are using your own ATM card at your own bank’s ATM machine, you can only withdraw 5 times without paying any fees. 6th transaction onwards, there is a charge of Rs 20 per withdrawal. When a lawyer decided to challenge RBI’s mandate regarding cap on ATM withdrawals, then RBI had to intervene, and justify their logic.

BlackBerry launched the DTEK50 and DTEK60 smartphones this year, and both of them have arrived at the Indian shores. Priced at Rs. 21,990 and Rs. 46,990, the smartphones are said to be very safe and secure.

SPICe, which stands for Simplified Performa for Incorporating Company electronically, is a rather similar concept to INC 29. In addition to what INC 29 did, primarily making the whole affair of establishing a company swift and effortless, SPICe provides a completely digital and simplified version of the same.

Facebook, the largest social media website, has decided to pursue the Government and the telcos to give flight to provide internet in remote areas in the country. This task will be accomplished by its solar-powered plane, called Aquila.

One Mutual Fund currently popular in Indian market is ICICI Prudential Balanced Advantage Fund, which offers an ideal investment option for investors who are looking at long term wealth creation. [sponsored]

The biggest news of last week was undoubtedly, the demonetisation of Rs. 500 and Rs. 1000 currency notes. Black money and Fake notes are now history!

This was supposed to be one of the biggest news for banking sector, financial institutions and the common man – because it involved India’s largest currency denomination, Rs 2000. The rumour was that new Rs. 2000 note had a nano GPS chip embedded.

A Netherlands based hacker’s grudge proved a bit costly, as highly confidential data of NRIs residing across 7 countries are compromised and exposed on the Internet.

This essentially means that irrespective of the car, Android Auto will work on your smartphone, like it would on a screen in your vehicle. Anyone with an Android version Marshmallow 5.0 and above will be able to install the app and use it in the car for directions, music and communications at the same time.

Razorpay, a new entrant in this competitive niche of online payment gateway, has introduced several interesting features which makes them one of the few smart players who do understand the need and requirements of the all digital businesses. [sponsored]

Banning of Rs 500 and Rs 1000 currency notes in India has been hailed as the biggest financial decision taken by 2.5 year old PM Modi. Here, we present 9 Positive After-Effects after the banning of Rs 500 and Rs 1000 currency notes in India

In a mail to all its employees, LeEco admitted to being in a cash crunch, one that is not very hopeful of getting heavy funding anytime soon, and one where the company realised that it expanded too fast too soon.

Finally the irrationality that had been driving the startup funding trends last year is showing some signs of sensibility now. VC’s have observed by now the negative implications of startups literally throwing money to gain market share.

On the occasion of Children’s Day, Google has decided to make its YouTube Kids app available in India starting 9th November. The standalone, family-friendly app makes it easier for children to find videos on topics they want to explore, and is available for free on Google Play and the App Store in India.

Exactly like the Snapchat app, Facebook has launched an app ‘Flash’ that can send temporary photos and videos to your friend list. Considering you already have a list of friends on Facebook, it becomes easy to share still snaps with your contacts.

At an appropriate time, Government has issued a warning for all those who are depositing cash into their accounts: Deposits above Rs 2.5 lakh would be closely monitored.

After Lenovo bought Motorola from Google in 2014 for $2.9 billion, there were speculations that brand ‘Moto’ maybe killed. In fact, strong possibilities arose this year when we reported that brand ‘Motorola’ may soon be renamed as ‘Moto By Lenovo’, which will make Lenovo as a stronger brand.

Under immense competition from marketplaces such as Amazon and Flipkart, eBay has decided to kill its entire tech and product team from their Bengaluru based development center.

Partnering with FreeCharge, Snapdeal has launched wallet on delivery for payments across India. All you need to do is top-up your FreeCharge account, select wallet on delivery after confirmation of order and pay to the delivery person through your FreeCharge wallet at the time of delivery.

As per latest data shared by Jio, their call drop rate has massively slashed to 28%, as recorded for November 7th. This comes as a huge relief for crores of Jio users, who were feeling trapped between the telecom wars.

The GST mega-portal will be a single window for crores of taxpayers, wherein they can easily and smoothly pay all their tax dues, which was earlier paid across various heads and spectrums.

Entrepreneurs are very passionate about their startups and often live and breathe them every moment by micromanaging everything. While that is a key ingredient to drive success, it can also prove to be a deterrent, if the founder begins to treat the two entities, i.e., himself and the startup as one.

Indian banks are right now overflowing with deposited cash from customers, after the demonetization drive initiated by the Govt. As per confirmed reports released by State Bank of India, approximate Rs 53,000 crore has been received by various banks till Friday evening

After bringing the GST into the tax regime, the government will now charge 15% service tax on all things bought from foreign websites including e-books, music, movies, internet advertising, providing cloud services, online games, software and other intangible products.

And, while you are at it, do not forget to check out our Indian Startup Funding & Investment page. Details of over 2000 funding deals are available on one single page!

1 Comment
  1. PAWAN KUMAR says

    bank will overflow in 50 days will it be considered as white money or black money

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