The Odisha government told the assembly over 40,000 workers migrated from the state last year, with the highest number -- 26,151 -- from Balangir.
On government's last week's announcement of revamping of PSU banks, Fitch Ratings said the move is "credit positive, but risks remain".
Global payment card brand Visa International would double its debit card business in India from five million to 10 million during the current fiscal, South Asia deputy country manager Uttam Nayak said.
Modi was honoured with the 'Order of Zayed', the UAE's highest civilian award, in 2019 as a mark of appreciation for his efforts to boost bilateral ties between the two nations.
The Reserve Bank on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contain complete information about the originator and beneficiary. The central bank has updated instructions in the Master Direction on Know Your Customer (KYC) related to wire transfers and also aligned the same with the relevant recommendation of the Financial Action Task Force (FATF). "All cross-border wire transfers shall be accompanied by accurate, complete, and meaningful originator and beneficiary information...," as per the updated instructions in the Master Direction.
Crime was carried out by a syndicate and involved breaking into the computer systems of global financial institutions
Don't recharge your phone at public outlets -- carry a power bank instead. Avoid clicking on links sent by 'friends'. If you get into an online sexual encounter with a stranger and get blackmailed, refuse to pay up.
'If you wish to make a big-ticket purchase on EMI without having to pay additional charges, no-cost EMI would be the right choice for you.'
Wondering what's the connection? Here goes...
The government is considering to bring all international payment gateways like Visa and MasterCard under the ambit of law, whereby they would have to report suspicious transactions to the security agencies.
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
We hope this information can help you save and trigger more money saving ideas in your mind.
The Reserve Bank on Thursday asked banks to provide the option of Interoperable Card-less Cash Withdrawal (ICCW) at their ATMs, a move aimed at curbing frauds like skimming, card cloning and device tampering. Currently, cardless cash withdrawal through ATMs is offered by a few banks for their customers at their own ATMs (also known as on-us basis). "All banks, ATM networks and WLAOs (White Label ATM Operators) may provide the option of ICCW at their ATMs," the central bank said in a circular.
A look into what to look out for before using a store credit cards and when to avoid them completely.
Encore Software has entered into a strategic partnership with Datanet Systems Ltd to develop a unique application that will enable transfer of funds between two countries, using Encore's mobile, hand-held devices and Datanet's properietary smart-card
The CPI(M) has asked the Centre to withdraw its decision to make Aadhaar cards compulsory for providing various benefits like cooking gas subsidy to people.
As the new Tax Collection at Source (TCS) on foreign remittances is set to become applicable from October 1, travel agents' body TAAI has made a last-minute plea to the government, urging them to abolish the decision or defer its implementation until the next fiscal year to allow discussions on overseas tour packages. The government has raised the TCS on foreign remittances under the Liberalised Remittance Scheme (LRS) from 5 per cent to 20 per cent. This will be applicable to international travel, sending money abroad and other remittances.
The government has been taking steps to promote cashless or digital transactions to take India towards a less-cash economy
While it's not difficult to fall prey to card fraud, individuals can protect themselves against losses.
The Reserve Bank on Wednesday barred Mastercard Asia Pacific from onboarding new credit, debit and prepaid card customers with effect from July 22 as it failed to comply with data storage norms. The supervisory action will not impact existing customers of Mastercard, the Reserve Bank of India (RBI) said. Taking action against Mastercard, RBI said, "notwithstanding lapse of considerable time and adequate opportunities being given, the entity has been found to be non-compliant with the directions on Storage of Payment System Data".
'We need a candidate who will do our work and fight with the authorities; someone we can hold accountable.' 'Piyush Goyal is not that candidate.'
For the last 15 years, Pitroda and Desai's team is working on the technology to pay through mobile phones. Pitroda already has 11 patents with him and some 20 patents related to this technology are pending for registration.
Hutch on Monday announced a lifetime validity scheme for its prepaid subscribers at Rs 999.\n
Ajay Banga, the 55-year-old CEO of MasterCard, is on a roll.
Have you reached a stage where you cannot even pay minimum amount due? You need some smart help to get that debt burden off you.
'We are focused on playing on our strengths, which are technology, and building a large profitable business by working with banks as well as non-banks and NBFCs for loans.'
No matter how attractive a pre-approved offer may seem, bear in mind that there are indeed no free lunches
The number of frauds in the banking sector during the first half of the current financial year has increased substantially to 14,483 cases, although the amount involved is only 14.9 per cent of the previous year's amount, according to a RBI report. The report on Trend and Progress of Banking in India 2022-23, underlined the need to protect the banking system and the payments system from the risks of fraud and data breaches emanating from cyber threats. As many as 14,483 frauds were reported involving an amount of Rs 2,642 crore in the first half of current financial year, as compared to 5,396 cases (Rs 17,685 crore) in the same period a year ago.
The Reserve Bank of India has said that prior permission of the bank will not be required for use of international credit cards by residents making payment towards expenses while on visits abroad to the extent of the limit of the card.
Besides, toll plazas will continue to accept old currency notes of Rs 500 till December 15
However, the scholars felt that there was no harm in using debit cards and ATM cards issued by the various banks.
Readers tell us how they are managing without cash since November 8.
When a Future Group official was contacted, he refused comment but industry insiders confirmed that the pull-out was on the cards because of the financial health of the company.
It is important to understand how your salary influences your loan amount and implementing these valuable strategies can significantly impact your eligibility for the personal loan you desire, says Kamaljeet Rastogi.
