There is information that the service tax will be hiked from 16 percent to 18 percent in the Union Budget which is to be tabled on 1st February, There are lots of expectations about this budget because it is being tabled.
The Reserve Bank of India has given payments bank licence to Indian Posts. The postal department has confirmed this.An official of the postal department said that the India Post has received payments bank licence.
After demonetization in India, the currency flow is slowly catching up. As per the present supply, Nomura, a Japanese financial services major says by end of March this year, the ratio of currency vs GDP.
The Central government general budget is set to be presented on 1st February. For the first time, the Railway budget will also be presented along with the General Budget.
New 1000 rupee notes to be introduced
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The 1000 rupee notes were declared as invalid. Now there is news that new 1000 rupees are to be released soon with enhanced security features.
Aadhar Pay Service to be launched soon
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Very soon, Aadhaar Pay service will be launched for the people to make payments with Aadhar number and biometrics. According to what the Electronics and IT Minister Ravi Shankar Prasad, the Aadhar Pay service.
A famous American magazine has mentioned that India has ranked the 6th place in the world powerful countries list. The famous American monthly magazine called American Foreign Policy.
In order to prevent the circulation of black money, the Prime Minister Narendra Modi had announced on 8th November that Rs 1000 and Rs 500 notes have been declared invalid. In lieu of this new Rs 2000 and Rs 500.
Restrictions were imposed to withdraw money from banks after the demonetisation. The restrictions still continue in withdrawing cash from savings and current account. Restrictions were imposed.
Passport offices in every district soon
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Passport offices are to be set up in each district shortly. Presently, the head passport office is available in Tamil Nadu in the capital city of Chennai only. Considering this hardship of the people in the distant areas.
According to research firm IDC, smartphone sales in the top 50 Indian cities fell sharply by 30.5 per cent in November 2016 over the previous month, hit by double whammy of liquid cash crunch.
A new report has revealed that Microsoft founder Bill Gates will be the first trillionaire in the next 25 years. Oxfam International, a research organization has mentioned that one of the world’s richest man/
Mr Thomas Franco, the President of the All India State Bank of India Officers Association, informed that there are good prospects of the new Rs. 2000 currency noted being declared as invalid before 31st March.
The Telecom Regulatory Authority of India has received several cases from state police departments where it had been found that hundreds of SIM cards have been obtained using fake documents.
