Jet Airways and FreeCharge have partnered to offer secure, convenient payment solution to travellers. Customers booking their flights and extras on www.jetairways.com can now pay for their ticket using the FreeCharge wallet.
Now make payments via Aadhaar Card
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The central government has been encouraging financial transactions through Aadhar card for the growth towards cashless economic measures.
ATM manufacturers say that nearly 90 per cent of the 2 lakh ATMs deployed across the country have been re-calibrated to dispense the new 500 and 2,000 rupee notes. As per the plan issued by the government,
Short Term Investment Options
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In light of the recent demonetization, a large chunk of everyone’s cash will now stay in banks for the next few months. Savings bank interest is 4 percent and 6 percent in some banks.
With effect from the midnight of 2nd December, 2016, old Rs. 500 bank notes will not be accepted at petrol, diesel and gas outlets of Public Sector Oil and Gas Marketing Companies as well as for purchase of Air Tickets at Airports.
The prices of LPG cylinders (subsidized cooking gas) were hiked by Rs.55 on Thursday morning. As per the modified rates, a subsidized 14.2-kg cylinder will now cost Rs.593.50 in Chennai as against Rs.538.50 previously.
The price of Aviation turbine fuel is cut by 3.7 percent and that of LPG is increased by 2.07 per cylinder. This counts to the 7th such increase in LPG price in the past six months.
Prime Minister Narendra Modi while addressing the nation on November 8, had announced that currency notes of Rs 500 and Rs 1,000 would no longer be considered valid and that citizens should get them exchanged.
Petrol price was on Wednesday hiked by 13 paisa per litre and diesel price decreased by 12 paisa per litre. Revised rates will take effect from midnight.
The Rs 500 and Rs 1000 notes that were demonetized by the centre recently are currently being used for producing plywood. It was announced on 8th November that all Rs 500 and Rs 1000 notes.
The government has made a clear announcement that it will strictly follow the orders by Supreme Court which states that providing Aadhar card will not be a mandate for the public .
According to a recent report, it is said that during the first week of the month, nearly 50 to 70 percent of withdrawals take place from banks. As the maximum number of bills and dues get paid during the first week of every month,
High Operating Profit from BSNL
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BSNL’s operating profit has made a giant leap from Rs. 672 crore in 2014-15 to Rs. 3855 crore in 2015-16. Revenue from operation was the highest in the last five years.
Give priority to rural ATMs - RBI
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Indians are chaotic after the government withdrew Rs 1,000 and Rs 500 currency notes from circulation. Many of the ATMs are yet to be recalibrated. The ATM task force, which was set up to quicken the process.
Banks money on CRR mode
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The Reserve Bank of India, RBI, has impounded Rs 3,20,000 crore from the banks through the cash reserve ratio, that is CRR where the banks don’t get any interest on this amount from the RBI, mode.
The Reserve Bank of India has imposed new restrictions for withdrawal from Jan Dhan accounts. Prime Minister Narendra Modi had demonetized Rs 500 and Rs 1000 currency notes on 8th November.
The central government has announced that there would be no more extensions for the exchange of the invalid currency notes of Rs. 500/- and Rs. 1000/- after 30th Dec.
