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DIRECT CASH TRANSFER SYSTEM
ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...- Karnataka CM Shivakumar points to migration pressure on Bengaluru, seeks Centre’s supportBengaluru's Chief Minister DK Shivakumar has requested additional infrastructure funding from the Centre. The city's status as India's tech...
- Zelle to expand peer-to-peer payment service to India this yearZelle, a popular payment service, is set to launch in India later this year. This marks Zelle's first international expansion. The company ...
- ED arrests ex-Haryana government official in IDFC Bank fraud caseNaresh Kumar was arrested on June 10 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. He was produced before a ...
- India, Nepal launch cross-border remittance mechanism; links UPI, NPIIndia and Nepal have launched a new system for money transfers. This links India's UPI with Nepal's NPI. Citizens can now send money instan...
- Withdrew your PF? Missing this crucial EPS step could cost you your future pension
- ED summons Veena Vijayan, CMRL directors for questioningA few other individuals, including directors of CMRL, have been summoned for questioning at its Kochi office on June 12. Statements of Veen...
- India, Nepal launch UPI-NPI linkage for real-time cross-border remittancesIndia and Nepal have unveiled a direct payment link between their respective UPI and NPI systems, revolutionizing cross-border remittances....
- Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT MumbaiAn NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this mon...
- Tech played a key role in ensuring welfare schemes reach poor: PM ModiPrime Minister Narendra Modi underscored technology's crucial role in delivering welfare to the poor. He stated that his government's core ...
- Over 58 crore Jan Dhan accounts bring crores of Indians into formal banking system: Nirmala SitharamanFinance Minister Nirmala Sitharaman announced over 58 crore Jan Dhan accounts have integrated millions into formal banking. The Pradhan Man...
- ATMs in small hubs may run out of cash: Confederation of ATM IndustryATM operators are demanding ₹100 crore compensation from banks. State Bank of India is accused of sending most cash to big cities. This lea...
- ED to intensify PMLA probe against CMRL, to summon Veena VijayanThe Enforcement Directorate will intensify its money laundering probe against Cochin Minerals and Rutile Limited. The agency will soon summ...
- Punjab to launch ‘Mawan Dheeyan Satkar Yojna’ from July 1, offering monthly financial aid to women, check registration detailsPunjab is launching a new scheme to provide monthly financial aid to women. Eligible women will receive ₹1,000, and those from Scheduled Ca...
- Withdrawn your entire EPF balance after a job switch? You may still need to transfer service history to protect your pension under EPS 95Many salaried employees forget to transfer their Employees' Pension Scheme EPS service history when switching jobs. This is crucial even if...
- IIM alumnus travels to Pune to hand over first salary in cash to parents, their reaction melts internetAn IIM graduate surprised his parents in Pune by presenting his first salary in cash. Ashwajeet Kamble recreated a cherished memory of his ...
- West Bengal launches Annapurnar Yojana; Rs 3,000 monthly aid to reach 28 lakh womenWest Bengal Chief Minister Suvendu Adhikari has launched the Annapurna Yojana. The scheme requires fresh form filling to ensure only eligib...
- Lady sold apartment, took Rs 2.5 lakh cash, bought new apartment from son-in-law, paid no tax, got income tax notice; she fights back and wins case in ITAT ChennaiA Chennai woman successfully appealed a tax notice after selling her apartment for Rs 35.5 lakh, including Rs 2.5 lakh in cash, and buying ...
- 30 lakh fake names found in West Bengal Lakshmir Bhandar scheme verification: CM Suvendu AdhikariWest Bengal Chief Minister Suvendu Adhikari said around 30 lakh fake beneficiaries were identified during verification of the Lakshmir Bhan...
- 30 lakh beneficiaries of TMC govt's direct cash transfer scheme for women ineligible: Suvendu AdhikariWest Bengal's Chief Minister Suvendu Adhikari has unveiled the 'Annapurna Bhandar' initiative, set to take over from the previous 'Lakshmir...
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