Happy, Prosperous New Financial year 2017-18We would like to share our beloved Guru Mahatrias earlier message that contribute to the collective conscious evolvement.
The government has taken a move that will induce banks to cut their deposit rates. The interest rates on small savings schemes such as Kisan Vikas Patra, Sukanya Samriddhi and PPF are reduced by 0.1 percent for the April-June quarter.
As a pre-requisite to shift to Goods and Services Tax (GST) Regime, every existing tax payer is required to migrate it’s existing indirect tax registration to GST.
Bear with these from tomorrow
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Starting from tomorrow, there are going to be both good and bad developments for citizens. Well, that’s not about April fooling. From tomorrow, you will have to spend a bit more towards premium on non-life insurance policies.
Flipkart has announced that customers using Visa debit cards can get instant refunds for purchases made with Visa debit cards. Aiming to improve process efficiencies and give the customers a hassle-free experience.
Third party insurance premium upticks
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In the past 3 years, there has been close to 70 percent increase in third party motor insurance premiums of private cars.
Taxes can be paid today in SBI branches
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It has been announced that though it is a bank holiday today (Wednesday, 29th March) on the occasion of Ugadi (Telugu New Year Day), the Branches of the State Bank of India would be open for the payment of taxes.
The LED television market of Rs 22,000 is gearing up for a price cut with the three majors incorporating a slash down. LG, Samsung and Sony are the three brands that are set to impose a price cut as much as 15 percent.
SBI to lay off 10 percent of workforce
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It is likely that close to 10 percent of the total workforce of SBI will be reduced in the next 2 years, said Managing Director of Rajnish Kumar. Hiring and digitization will be reduced due to the bank’s merger with 6 entities.
The new financial year (2017-18) is set to start from 1st April 2017. Various new regulations on the financial and other fronts will be effective from 1st April:
Starting from 1st April, motorcycle, car and health insurance premium is likely to go up, as the IRDAI (Insurance Regulatory and Development Authority of India) has given nod to the insurers for revising agent commission.
