ECONOMY
Banks to remain closed on April 1: RBI
29.03.17 - team pt

Reversing its earlier order, the Reserve Bank (RBI) today said the bank branches dealing in government businesses need not remain open on April 1 in view of the annual closing business.

In its earlier directive on March 24, the RBI had asked all authorised banks to ...
  


Monsoon likely to be Below Normal: Skymet
27.03.17 - team pt

India to face a below normal rainfall during the June to September south-west monsoon season, said private weather forecaster Skymet.
 
Rains during June to September are likely to be 95% (with an error margin of +/-5%) of the long period average (LPA) of 887 mm with ...
  


Reliance Jio May Extend Jio Prime Membership Deadline by a Month
27.03.17 - team pt

Reliance Jio may extend the deadline for Jio Prime membership by a month as it is falling short of the targeted sign-ups. The report by TeleAnalysis, citing sources with knowledge of the plan, says that the last day to sign up for Jio Prime membership, ...
  


Now Cash transaction limit to be slashed to Rs2 lakh
21.03.17 - TEAM PT

The Narendra Modi government today moved a fresh proposal to cap cash transactions at Rs 2 lakh instead of the earlier sanctioned Rs 3 lakh.
 
In the government's annual budget presented in February, Finance Minister Arun Jaitley had said cash transactions would be capped at three ...
  


After Jio and Airtel, Idea makes incoming calls on national roaming free
13.03.17 - TEAM PT

The country’s third-largest telecom operator, Idea Cellular, has decided to make incoming calls on national roaming free effective April 1.This facility will be available on both prepaid and postpaid connections across 2G, 3G and 4G networks.
 
This move is seen as an attempt to tackle a ...
  


Opaque System, Obscure Farmers
New Institutional and Financial Arrangements required to bring the Farmers out of the present morass
28.02.17 - suresh kumar*

DESPITE their substantial contribution to the national GDP, India’s farmers, even in agriculturally advanced states, are hostage to government policies and programmes, as well to the machinations of informal players, moneylenders, aarhtias and even dealers selling fertilizers and agro-chemicals. Undoubtedly, the government is spending a ...
  


Jio effect: Airtel Removes Roaming Charges On Calls, Data
27.02.17 - TEAM PT

Bharti Airtel Ltd on Monday said that it has removed additional charges on voice, SMS and data usage on national roaming, in an effort to retain users in the wake of the new entrant Reliance Jio’s free voice and data services.
 
"Airtel customers roaming within India ...
  


WhatsApp’s new Snapchat like 'Status' feature goes Live for everyone, Here's how to use it
24.02.17 - TEAM PT

WhatsApp Status, the new feature which lets users upload photos and videos for their contacts to see, instead of a simple text-based status message, has now gone live. The feature is live on Android, iOS and Windows smartphones across the world. WhatsApp’s new Status, which ...
  


A primer on Reliance Jio Prime membership programme
21.02.17 - team pt

Reliance Jio Chairman Mukesh Ambani announced the Jio Prime programme today. The package is basically an extension of Jio’s 4G services, including its content services, which can be availed by existing Jio customers. For users to enroll in the Jio Prime programme, they’ll have to ...
  


HDFC Bank's Aditya Puri says Paytm has doubtful business model, no future
17.02.17 - team pt

Hiiting out at digital wallets, Aditya Puri, MD, HDFC Bank on Friday said that he sees no future in digital wallets! He further said that Paytm cannot be Alibaba as the government doesn’t allow replication of model. In a conversation with ET Now Puri told ...
  


WhatsApp tightens security, rolls out two-step verification
10.02.17 - TEAM PT

To dispel all doubts on security of chat messages on its platforms, WhatsApp has rolled out a two-step verification mechanism for all iOS, Android and Windows Phones.
 
A two-step verification, which has already been adopted by companies like Twitter, Instagram, Apple, LinkedIn, Google, and Microsoft, adds ...
  


Supreme Court dismisses petition to postpone Union budget due to state elections
23.01.17 - TEAM PT

The Supreme Court on Monday rejected a petition to delay the annual Union Budget, which Finance Minister Arun Jaitley is scheduled to deliver on February 1, dismissing concerns about potential giveaways ahead of critical state polls.

A bench headed by Chief Justice J S Khehar refused ...
  


RBI's image dented beyond repair post demonetisation, bank staff write to Chief Urjit Patel
14.01.17 - TEAM PT

Employees of the Reserve Bank have taken strong exception to the recent measures involving the demonetisation of Rs 500 and Rs 1,000 notes, stating that the government "is impinging on the RBI’s autonomy and its statutory as well as operational jurisdiction”.
 
The employee unions of the ...
  


GDP Growth To Fall To 3-Year Low Of 7.1%, says govt; demonetisation impact yet to be factored in
06.01.17 - TEAM PT

Country’s GDP growth is estimated to slow down to 7.1 per cent in current fiscal, from 7.6 per cent in 2015-16, mainly due to slump in manufacturing, mining and construction sectors, the government data showed today without factoring in ‘volatile’ post-demonetisation figures.
 
The Central Statistics Office ...
  


Biggest seizure since Nov 8; I-T officials seize Rs 5.7 crore in new currency notes in Bengaluru
02.12.16 - TEAM PT

In the biggest single cash seizure of the new currency, an Income Tax raid on the premises of two engineers and two contractors in Bengaluru found a whopping Rs 5.7 crore of cash, all in the recently-introduced Rs 2000 notes.

The Income Tax department said it ...
  


RCom Launches Unlimited Voice Calling Plan at Rs. 149, With 300MB of Mobile Data
22.11.16 - TEAM PT

Reliance Communications on Tuesday launched a new plan at Rs 149 offering unlimited voice calls and 300 MB of data in an attempt to get more subscribers.

Called Rs 149 Unlimited, the new plan offers customers unlimited outgoing talk-time to any phone across any telecom network ...
  


RBI gives borrowers additional 60 days to repay loans
21.11.16 - TEAM PT

In view of cash crunch being faced by borrowers, the RBI today provided additional 60 days for repayment of housing, car, farm and other loans worth up to Rs 1 crore. 

This is applicable to loans payable between November 1 and December 31, the RBI said ...
  


WhatsApp launches video calling to take on Google Duo, Skype
15.11.16 - TEAM PT

WhatsApp has announced video calling feature to its app, which will go live on Android, iOS and Windows devices over the next couple of days. WhatsApp video calls were part of the Android public beta app for those who had signed up, but it is ...
  


WhatsApp finally introduces Video calling for Android.
25.10.16 - TEAM PT

WhatsApp video calling feature has finally turned into a reality. After pulling out a beta early this year, WhatsApp is finally bringing the feature with version 2.16.316 or higher. The video calling feature is being rolled out in beta so not everyone of you is ...
  


Uber-like app for Hiring tractor launched in India
19.10.16 - TEAM PT

An Uber-like smartphone app has been launched in India, aimed at making it easier for farmers to hire tractors.
Many small-scale farmers are unable to buy their own and often have to rent them at high rates.

Now, vehicle-maker Mahindra and Mahindra has launched an app called ...
  



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