Trendy

Be careful, These are the 9,500 ‘high risk’ finance companies: RBI

Be careful, These are the 9,500 ‘high risk’ finance companies: RBI

Trendy
NEW DELHI: The Financial Intelligence Unit (FIU) under the finance ministry has released a list of nearly 9500 non-banking financial companies (NBFCs) which have been categorised as 'high risk financial institutions'. The list released by FIU-India on its website shows the names of NBFCs which have been categorised 'high risk' and found non-compliant to the Prevention of Money Laundering Act rules as on January 31. After the November 2016 demonetisation of Rs 500 and Rs 1,000 notes, NBFCs and several rural and urban cooperative banks had come under the scanner of the income tax department and the Enforcement Directorate for illegally converting banned currency notes of people who had unaccounted income. Many of these NBFCs and cooperative banks were found converting banned currency
Latest Interest Rate of PF Scheme by EPFO

Latest Interest Rate of PF Scheme by EPFO

Trendy
EPF scheme is mandatory for the employees. There is no competition. Still, it gives best interest rate among all the saving schemes. It happens because EPF scheme is managed by the government and it tries to keep interest rate maximum. In the future, you may expect a higher earning from EPFO as some of your EPF contributions is also invested in the share market. Latest EPF Interest Rate The latest interest rate of EPF scheme is 8.65%. This rate is applicable for the financial year 2016-17. The EPFO revises interest rate every year. Thus, you don’t know the future earning from the EPF account. I have told you the interest rate of FY 2016-17. So, you may have apprehension, whether this interest rate is latest or not. In fact, your thinking is right as we normally want to know the inte
8 tips to remain alert while doing online transactions

8 tips to remain alert while doing online transactions

Trendy
Notify your bank immediately in case of any unauthorised use Notify your card provider/bank immediately in case there is any unauthorised use of your card. Safe Internet Day: 8 tips to remain alert while doing online transactions It’s Safer Internet Day today. The day is celebrated on every year on the second Tuesday of February. With online transactions becoming popular, cases of hacking, ransomware, debit/credit card frauds, ATM frauds and many other such dangerous cybercrimes too are on a rise. So, it is essential to be forever on guard when treading on the paths in the digital universe. Your one wrong/careless step can lead to huge financial loss.Here are eight things that you need to keep in mind while doing any transaction (whatsoever) online
Blue Moon and Blood Moon will appear together on Jan 31 after 35 years

Blue Moon and Blood Moon will appear together on Jan 31 after 35 years

Trendy
The first lunar eclipse of the year will be visible on the next Wednesday ie January 31 . Although lunar eclipse is visible every year, this time it will be very special. This time you will see Bludom and Blumoon together in the sky. Let us know that this is not only the lunar eclipse but also the complete lunar eclipse. 31 will be shown this whole three years. This lunar eclipse can be clearly seen in India, Indonesia, New Zealand and Australia. In India, this evening can be viewed from 5.58 minutes to 8.41 minutes. One of the reasons for this lunar eclipse is that you can see it with a naked eye. Earlier, in the year 2017 and 2018, Bloomoom was seen very closely. This time lunar eclipse is also special because the moon will be visible in three colors on this day. These three colors of
Sharing biometrics unsafe: Aadhaar opponents argued in Supreme Court

Sharing biometrics unsafe: Aadhaar opponents argued in Supreme Court

Trendy
In the on-going Aadhaar hearing in the Supreme Court, the critics of Aadhaar have argued against the collection of biometric information. The bone of contention is the parting of sensitive biometric data with third parties, over which the government or even the Unique Identification Authority of India (UIDAI) have little control. According to senior advocate, Shyam Divan, who is arguing on the side of the Aadhaar opponents, the government does not have a contract with the third parties who collect your biometric information. This increases the possibility of the misuse of this sensitive data by these entities, said the lawyer, who questioned the integrity of this data. Divan also told the five-judge bench that according to a government statement in the Parliament, the UIDAI had blackl
Now, book rail tickets on IRCTC and get 100% cashback.

Now, book rail tickets on IRCTC and get 100% cashback.

Trendy
New Delhi: Travellers! There’s some good news for you. In a bid to encourage digitization and promote cashless transaction, the Indian Railway Catering and Tourism Corporation (IRCTC) has started a lottery system where you can get 100 per cent cash back. According to a report in the DNA, passengers would have to purchase the rail tickets via official website – IRCTC, and the payment has to be made through their app – BHIM (Bharat Interface for Money) or UPI (Unified Payment Interface). If you want to avail this offer, while making payments, passengers have to opt for one of the two apps. Every month five persons will be chosen through a random lottery and would get 100 percent cashback. Winners would be individually contacted by phone and email. The move will further push centre’s mos
In first-ever GST raid, 90 jewellery parcels confiscated

In first-ever GST raid, 90 jewellery parcels confiscated

Trendy
In the first case of its kind in Mumbai, 90 parcels containing jewellery were confiscated by the Goods and Services Tax (GST) department for flouting of tax norms. Mumbai GST Commissioner, KN Raghavan, confirmed that the parcels, which came in from Gujarat, were seized as they may have been sourced and ferried flouting GST norms. Around 85 carriers have been detained in connection with the incident. This is the first such raid carried out by the department ever since the implementation of the GST by the government. Under the GST Act, all movement of goods within states has to be accompanied by an e-waybill. This has to be generated from a GST portal. This document allows the movement of goods from one place to another and specifies the quantity and the overall value of the goods. "The...
Why Earth’s inner core doesn’t melt

Why Earth’s inner core doesn’t melt

Trendy
“Not only land but we have been to the depths of heaving seas, Upon our steed of zeal, we rode unto their darkest boundaries” – Allama Iqbal We, humans, have literally explored almost every corner of the earth. We have conquered the toughest of terrains and have been to the base of deepest of oceans, but we have never been to the earth’s core. What all lies below the earth’s crust is wrapped up in mystery, and yet we know quite a lot about our planet’s core. Isn’t this strange? Here’s what you need to know about earth’s structure (A revision of your grade 6 Geography class).  The Earth, from the center moving towards the surface, is made up of an inner core, outer core, lower mantle, upper mantle, and the crust. Earth’s innermost section is called its inner core,
Cheque Books Of These Banks Valid Only Till December 31

Cheque Books Of These Banks Valid Only Till December 31

Trendy
All those accountholders of the erstwhile banks which were merged with State Bank of India (SBI) have to get cheque books bearing the new IFSC code by December 31, 2017. The earlier deadline set by SBI was September 30, 2017. New cheque books The accountholders of banks such as Bharatiya Mahila Bank, State Bank of Patiala, State Bank of Bikaner and Jaipur, State Bank of Raipur, State Bank of Travancore, and State Bank of Hyderabad will now have to get their cheque books replaced. One may visit the bank branch or even use the ATM or SBI's mobile app to get a new cheque book. SBI officials had earlier informed that transactions based on old codes will still go through and will not be held up as they have been mapped with the new codes internally by the bank. However, if you have provi
2G scam is dead, long live the scam

2G scam is dead, long live the scam

Trendy
The CBI Court’s detailed examination of the evidence and testimony of witnesses has led it to the unequivocal conclusion that former telecom minister A Raja followed established policy and procedure while allocating additional 2G licences in 2008. Special Judge O P Saini’s finding is that a set of irresponsible telecom ministry officials, led by a bumbling secretary, D S Mathur, led to the confusion that led to the allegation of a scam. This creates a big hole in the political narrative that discredited the previous UPA government. Not just former telecom minister A Raja, the Congress, too, will claim vindication of their protestations of innocence. However, the judgement fails to explain why companies associated with Swan Telecom, one of the companies that got licences, transferred .`2