Final decision on deactivation is taken by the UIDAI headquarters. Sources added that that even in the early days of the enrolment, the authority had recommended deactivation of cards after finding some irregularities.
Liquid funds, with investments in cash assets such as treasury bills, certificates of deposit and commercial paper for shorter horizon, witnessed flows amounting to Rs 28,983 crore during the quarter under review.
ET takes a look at five equity fund schemes that stayed ahead of the pack and where investments through SIPs have delivered a 14% CAGR over the last five years.
In-flight voice call and internet services will soon be available in India. On Wednesday, Tata group company Nelco announced it has partnered with Panasonic Avionics Corporation to offer in-flight communication (IFC) services.
With the deadline for submitting tax proofs not far, ETMONEY’s attempts to channel low-cost NPS investments that are proven to translate into higher returns than traditional long term savings products. It has now overhauled the investments process in the NPS.
Police data shows that almost 50% of the challans are issued to two-wheeler riders for infringements like triple riding and riding without a helmet. It is fairly difficult to get such violators to hand over their documents.
The minister of state for finance also assured that the interests of entrepreneurs paying taxes honestly will be protected and emphasised the need to curb frauds in the tax system.
The court, however, said electronic-assessment — introduced to curb cases of corruption and harassment of tax payers by officials— was a laudable initiative. The HC made the observations while hearing a writ petition filed by a Coimbatore-based chit fund company against certain additions made by the assessing officer, over cash deposits of Rs 67.37 lakh during the note ban period.
There would be 2.1 billion networked devices by 2023 and M2M (machine to machine) modules would account for 25% (524.3 million) of all networked devices, according to the report.
Household savings also declined as consumers spent more in purchasing durables and travelling.
Prices of TVs, ACs and some phones are set to go up as manufacturers grapple with component shortages.
The order said Bandyopadhyay has been appointed for a period of five years, with effect from the date of assumption of charge of the post or till attaining the age of 65 years or until further orders, whichever is the earliest.
Budget proposed to raise the insurance cover on bank deposits to Rs 5 lakh from Rs 1 lakh.