The Lorry Owners Association is planning to go on strike throughout the country from 30th March protesting against the payment of customs/tollgate charges.
It has been decided to conduct a field trial with plastic banknotes at five locations of the country. Approval for procurement of plastic substrate and printing of bank notes of Rs.10 denomination on plastic banknote.
The application forms for obtaining H1-B visa (which is sought by Indian Information Technology companies and Professionals to take up jobs in the USA) for the year 2018 can be submitted from 3rd April.
The hike in US Fed rate is not surprising at all. This will also not have any impact on RBI policy next month as the global development is already taken under consideration.
The officials from the Central Ministry of Finance informed that a final decision is yet to be taken regarding whether to permit 3 more days for exchanging the old demonetised currency notes of Rs. 500 and Rs. 1000.
Dip in international oil prices
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Motorists can heave a sigh as oil prices have come down by 10 percent in the past 15 days. This is to be attributed to the fall in crude oil price. The price was $55 per barrel on 1st March to $50 per barrel on Monday, the 13th March.
Though the Post Office Savings Schemes are attractive, it is rather cumbersome to open an account in Postal department Savings as the latest modern facilities such as investment or transactions online through the internet.
There are around 4.5 Crores Provident Fund account holders in India. The EPFO (Employees Provident Fund Organisation) has allotted a special number to each PF account holder.
RBI to launch UPI
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The government’s digitization campaign is all set to mark a new milestone. A new Unified Payment Interface will soon be launched by the RBI. With this, all the digital wallets including Paytm and MobiKwik will become interoperable.
All the General Insurance companies have decided to increase the premium amount to cover general insurance concerning 10 different fields including medical claims by 10-15 percent from 1st April.
All the central government employees will be on a token 1-day strike on 16th March (Thursday) insisting that their 20-point demands must be taken care of immediately by the central government.
Currently, there is a situation where the certain minimum amount is to kept in the bank balance in the saving account as the account holders face the problem of having to pay penalties up to Rs. 600.
Now transfer from EPF to NPS with ease
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Funds transfer from Employees’ Provident Fund, the retirement savings to the National Pension Scheme falling under Pension Fund Regulatory and Development Authority, PFRDA is now possible.
ICAI (Institute of Chartered Accountants of India) is set to impart training on the shortly-to-be-implemented GST (Goods and Services Tax) to 15 lakh traders.
As the next three days are going to be holidays, the Indian Banks Association has requested all the customers to finish off their emergency banking transactions today. Most of the banks will remain shut tomorrow.
