Travellers who do not check in via the airline's website, mobile app or airport kiosk will be charged 20 Malaysian ringgit ($4.83) for domestic flights and 30 Malaysian ringgit for international flights, though some exceptions will apply.
Here is a look at the bank holidays in the month of September.
All new retail loans (housing, education, vehicle), credit to MSMEs are linked to RLLR. Meanwhile, the state-owned lender has slashed its base rate by 10 bps to 8.90 per cent.
“Just to put it into perspective, the Nifty Midcap 100 index has fairly quickly recovered over 65% from its recent lows in March'20 and is now barely 5% away from its recent peak achieved pre-Covid in January '20."
The net asset value (NAV) of four shuttered schemes of Franklin Templeton MF fell by upto 6.32% after Rivaaz Trade Ventures, a Future group firm defaulted on its scheduled debt obligations due on August 31
“The intention is to restructure loans for only those borrowers who really need restructuring, but in no way do we want to be in a situation that they are not paying interest,” said a senior executive at a state-run bank.
Industry experts said that while the surge in UPI-based micro-transactions could help India achieve its stated objective of transforming into a cashless economy, banks would be nervously monitoring the rising volumes of low-ticket fund transfers.
Inexperienced millennials, and even housewives and retirees are jumping on to the derivatives and cash segments through online and traditional brokerages to make the proverbial "quick buck."
The move comes at a time when regulators across the board are easing compliance processes during the ongoing coronavirus pandemic to minimize physical contact in line with the new hygiene and social protocols.
An average working professional in India is saving Rs 5,520 per month and 1.47 hours of travel time everyday while working from home, according to a survey by leading co-working space provider Awfis. About 74% of the respondents are willing to work remotely, which could be home or a cafe near home as it leads to significant cost and time saving.
The month-on-month payroll data, computed by the ministry of statistics and programme implementation, showed contribution by new subscribers to the NPS fell by 33.5% in June at 29,155 compared to 43,888 in May this year. Drop stood at 56.5% from June 2019 when the new subscribers joining the scheme was 67,062.
Sales may increase 30% this year, boosted by smartphones, electronic accessories, appliances. New models of smartphones, work-from-home and study-from-home enablers are expected to drive sales, while apparel and fashion sales will still remain a little weak
"Under the PFRDA Act, we have the mandate to launch a minimum assured return scheme. Under pension fund (PF) schemes, the funds that are managed are mark-to-market. So obviously there is some volatility and the valuation is according to the market movement.
Private banks such as ICICI Bank, Axis Bank, Kotak Mahindra Bank and HDFC Bank have recently started charging customers on UPI transactions beyond a prescribed limit for free transactions.
The Revamped Gold Deposit Scheme, which was formulated to mobilise and productively use idle gold held by households and institutions (estimated to be over 24,000 tonnes), has not yielded the desired results, garnering deposits of only around 20 tonnes of gold, the council said.
The perpetrator of the breach has demanded 10 ETH (Ethereum) in cryptocurrency, according to Cyble. This is approximately equivalent to $4,000 according to data based on crypto currency exchange, Coinbase.
The meeting will focus on ways to enable businesses and households to avail the one-time loan restructuring scheme.
Investors should remember that equities have delivered in the long term despite wars, pandemics and stock market crashes. But these returns are never linear. Volatility is a feature, not a bug, in equity investing.
Here's a weekly tracker of returns that will keep you updated on how the stock market index, gold prices and silver have performed. This will give investors an idea of how their investments performed over a long period.
Even after the pandemic, there will be fear of another virus outbreak, so people will be careful. While flying, more discipline will come in. People will wear masks, wash hands more regularly and the carefree jostling at the airport for baggage may not happen.
For new shoppers, Amazon and Google have emerged as the preferred discovery platforms before making purchases. In contrast, before the virus outbreak in India, just 22 per cent of the urban active internet users had shopped online.
Members can use this facility to withdraw three months' basic wages -- basic pay plus dearness allowance -- or half of the total accumulation in his or her Employees' Provident Fund (EPF) account, whichever is less for meeting exigencies due to the COVID-19 situation.
The total banking sector outstanding Jan Dhan deposits jumped to Rs 1.31 lakh crore at the end of August 19 from Rs 1.20 crore at the beginning of the fiscal. This reflects higher farm income following a good Rabi harvest as well as a fall in discretionary spending amid Coronavirus pandemic, senior bankers tracking the rural economy said.
CBDT had earlier this month notified the NeAC for all communication with taxpayers under the faceless assessment scheme. Since August 13, all income tax returns picked up for scrutiny, except those relating to search and seizure and international tax, are being assessed under faceless assessment.
At stake is the future of a time-tested investment instrument that generation after generation of Indians used to keep their money in and generate fairly decent returns over time.
Further, assets under management (AUM) of the National Pension Scheme (NPS) are set to touch Rs 5 lakh crore by September-end, Bhandopadhyay said, with the figure growing at 16.5% so far during the current fiscal.
The Jan Dhan Yojana, which was announced by Prime Minister Narendra Modi in his Independence Day address in 2014, was launched on August 28, in the same year. Total deposit balances under PMJDY Accounts was at Rs 1.31 lakh crore and average deposit per account stood at Rs 3,239.
Subscribe programme offers solutions for consumers who are seeking to experience the benefits of owning a car without purchasing it. Customers can choose to subscribe a new Swift, Dzire, Vitara Brezza and Ertiga from Maruti Suzuki ARENA and a new Baleno, Ciaz and XL6 from NEXA for a period of 12, 18, 24, 30, 36, 42 and 48 months.
The Council said the, "The MoRTH letter on August 24, 2020 advising state governments over the validity of vehicle papers only extends to fitness certificates, permits, driving licences, and registration certificates.
Gone are the days when you could buy a mutual fund and leave it forever. Financial planners believe it is important to review mutual fund investments once a quarter or at least once in six months to optimize returns.
Axis Asset Management Company has extended a plethora of its services on WhatsApp that can be availed anytime of the day. The whatsapp facility will also allow investor to conduct mutual fund transactions.
According to data released by the government, consumer inflation — that is year-on-year growth in consumer price index — was close to 7% in July, with food inflation being higher at 9.6% due to supply disruptions during the pandemic.
“More than 15 lakh lives have already been covered under these two products within a month. That shows what is the demand and it is important that we cater to this demand,” Khuntia said.
The benchmark BSE Sensex Index has rallied over 50% from a record low hit on March 24, a day before Prime Minister Narendra Modi imposed a strict nationwide lockdown, which ended at the start of June, to try to control the pandemic.
The report has highlighted various emerging and existing fraud risk scenarios relating to digital payments and the approaches Indian regulators, policy makers and consumers can take to mitigate them.
While deciding against extending the loan moratorium beyond August, RBI had also announced a one-time restructuring window for individual and corporate loans. For home loans, banks are expected to provide a tenure extension of up to two years.
Irdai has said insurers cannot reject motor claims on the grounds that the vehicle does not have a valid PUC (pollution under control) certificate. A statement has been issued by the insurance regulator to this effect on Wednesday.
The move comes after it was noticed by the Department of Pension and Pensioners' Welfare (DoPPW) that several pensioners, over a period of time, misplace the original copies of their PPO, which, needless to say, is a very important original document, it said.
Income tax refunds of Rs 29,361 crore have been issued in 23,91,517 cases & corporate tax refunds of Rs 66,493 crore have been issued in 1,63,272 cases
The RBI took control of PMC last September after it was accused of fraud and concealing non-performing loans. PMC's top officials and the owners of a realty company that received the bulk of the loans were arrested. The withdrawal cap has left many of PMC's over 9,00,000 depositors in deep difficulty.
The top court observed that it appears the Centre is hiding behind the Reserve Bank of India's decision on this issue, especially when it has ample powers under Disaster Management Act, where it can take a decision by stopping the banks from charging interest on deferred EMIs and waive interest on interest for a moratorium period.
The current mode of biometric authentication used for vetting credentials in the AePS system — fingerprint scanning — is not in line with distancing norms. It requires bank account holders to press fingertips to scanners at micro-ATM points multiple times.
The government proposes to bring at least half a dozen social security schemes, including old age pension and insurance, under the ambit of the proposed social security code.
Currency circulation in India increased in the past few months, breaching the levels last seen before the end-2016 currency-swap programme, with the protracted lockdowns prompting residents to stock up on cash for stockpiling groceries and other essentials.
For instance, Muthoot Finance has tied up with Kotak Mahindra General Insurance Company to provide complimentary Covid-19 insurance cover to its gold loan customers. The non-banking lender is offering a higher per gram lending rate for gold loan, along with complimentary Covid-19 cover up to Rs 1 lakh, to its Muthoot Super Loan scheme customers.
The number of Rs 2,000 currency notes in circulation has come down from 33,632 lakh pieces at end-March 2018 to 32,910 lakh pieces at end-March 2019 and further to 27,398 lakh pieces at end-March 2020, the RBI Annual Report said.
The new scheme is a way "to offset revenue losses experienced in 2020" and "leverage the higher capacity in superior cabins", the airline said in a statement.
The recent data from Association of Mutual Funds of India (AMFI) shows that cash holding in the portfolio of top 20 mutual fund houses by Asset Under Management (AUM) is lowest since January this year.
"Ministry of Road Transport and Highways has decided to extend the validity of Fitness, Permits, Licenses, Registration or other documents under Motor Vehicles Act, 1988 and Central Motor Vehicle Rules, 1989 till the 30th of December 2020," said the statement.
A health ID, as envisaged by the mission, will maintain a digital copy of all health records of an individual like diagnostics reports, which will be uploaded directly by the healthcare provider. It has also proposed norms for telemedicine and digitisation.