ACCOUNTS

  • Arun Jaitley proposes gold monetisation through deposit accounts in Union Budget 5 days ago

    New Delhi: In its first full budget proposed, the Narendra Modi government introduced gold deposit accounts to utilise the 20,000 tonnes available within the country and launched a sovereign gold bond. However, the government kept the import duty at the record 10 per cent in a setback for jewellers. India is...
  • China censorship sweep deletes more than 60,000 Internet accounts 5 days ago

    Beijing: Some of China's largest Internet companies deleted more than 60,000 online accounts because their names did not conform to regulations due to take effect on Sunday, the top Internet regulator said. Alibaba Group Holding, Tencent Holdings, Baidu, Sina Corp affiliate Weibo Corp and other companies deleted the accounts in a...
  • If mobile numbers can be ported why not bank accounts, says RBI January 29, 2015

    Mumbai: As technological advancements continue to change the world of finance and banking, Reserve Bank Deputy Governor SS Mundra on Thursday called upon bankers to "reinvent themselves" if they want to remain relevant. "If there is a cloud-funding, if there is P2P lending today, then what is the role of...
  • PM Modi launches 'Sukanya Samridhi Yojna' under Beti Bachao campaign January 22, 2015

    Panipat: Prime Minister Narendra Modi on Thursday launched a small deposit scheme for girl child, as part of the 'Beti Bachao Beti Padhao' campaign, which would fetch an interest rate of 9.1 per cent and provide income tax rebate. 'Sukanya Samridhi Account' can be opened at any time from the...
  • Kotak Mahindra launches social savings bank account January 20, 2015

    Coimbatore: Kotak Mahindra Bank on Tuesday launched Jifi Saver, a social savings bank account which can be seamlessly managed via Twitter and Facebook,in this region. Developed for today's tech savvy and socially connected consumers with an active digital life, Jifi saver will take care of...
  • Fake PMO website busted by Delhi Police, mastermind Sudipta Chatterjee arrested January 18, 2015

    New Delhi: A fake website of the Prime Minister's Office (PMO) named 'Pradhan Mantri Adarsh Yojna' has been busted by Delhi Crime Branch on Sunday. The website was offering loans to entrepreneurs after initial deposit of a few lakhs and was being run from Howrah in West Bengal with an active...
  • Financial institutions asked to register for FATCA by Wednesday December 30, 2014

    New Delhi All Indian financial institutions with exposure to the US will have to register by Wednesday with the American tax authorities to avoid a hefty penalty tax of up to 30 per cent under the new Foreign Accounts Tax Compliance Act (FATCA). While it has extended the deadline for signing...
  • Bengaluru youth handling pro-ISIS Twitter account booked for waging war against friendly nation December 13, 2014

    Bengaluru: Mehdi Masroor Biswas who allegedly operated the fanatic pro-ISIS twitter account, Sami Witness, has confessed to his crime and revealed how he managed to keep his identity secret to the Bangalore Police on Saturday. "He has confessed that he was operating the Twitter account for the last many years,"...
  • Come with proof, not for fishing expedition on black money: Swiss to India December 7, 2014

    Mumbai: As India continues its pursuit of black money allegedly stashed abroad, Switzerland has said it would not entertain any 'fishing expedition' and authorities cannot ask for names of all Indian account holders in Swiss banks without doing their own independent investigations. Switzerland's Ambassador to India Linus von Castelmur also said...
  • 74 per cent accounts in Jan Dhan Yojana are with zero balance November 18, 2014

    New Delhi: Around Rs 5,400 crore have been deposited in banks in over seven crore bank accounts opened under Pradhan Mantri Jan Dhan Yojana of which 74 per cent accounts are with zero balance, according to an RTI reply. The data provided by Department of Financial Services says that as on...
  • Black money: Modi government faces criticism over 'selective revelation' of account holders' names October 27, 2014

    New Delhi: Even as the Narendra Modi government took another U-turn and disclosed the names of three black money account holders to the Supreme Court on Monday, questions are being raised about its intent to bring back black money stashed in foreign banks. As the Centre revealed the names of...
  • Black money: Centre likely to reveal three names in SC today; no politician may be on the list October 27, 2014

    New Delhi: The central government is likely to disclose the names of three people who have black money stashed abroad in its affidavit to the Supreme Court on Monday. In the affidavit, the Centre is likely to explain its stand in the black money case where it had told...
  • PM Modi unveils 'Shramev Jayate Yojana' to revamp labour reforms and ease the 'Make in India' call October 16, 2014

    New Delhi: Looking to create an environment conducive to industrial development while also ensuring transparency in the labour sector, Prime Minister Narendra Modi unveiled 'Shramev Jayate Yojana' to revamp labour reforms and ease the 'Make in India' call. Modi inaugurated the 'Pt Deendayal Upadhyay Shramev Jayate Karyakram' organised by the...
  • P Chidambaram advises against lifting curbs on gold imports October 12, 2014

    Mumbai: Former finance minister P Chidambaram has advocated against lifting of curbs on gold imports, saying the benefits accruing from restrictions would far outweigh problems like spurt in smuggling. "No. Not in my view," Chidambaram, who initiated these measures as the Finance Minister in the previous UPA regime in the face...
  • Jan Dhan accounts cross 5 crore mark, banks collect over Rs 3500 crore September 29, 2014

    Mumbai: Banks have opened a whopping five crore accounts under the Jan Dhan scheme till September 25 and collected over Rs 3,500 crore in deposits, a top Finance Ministry official said on Monday. Led by state-run banks, the system has opened over 5 crore accounts under the Jan Dhan scheme as...
  • One can open Jan Dhan account by just submitting 2 photos: Finance Ministry September 22, 2014

    New Delhi: Finance Ministry on Monday said people who do not have officially valid documents or Aadhaar numbers can open Jan Dhan bank accounts by submitting two copies of signed photographs at a bank branch. "RBI has issued guidelines dated August 26, 2014, where people who do not have officially valid...
  • SBI accounts for half of mobile transactions in June: RBI September 18, 2014

    Mumbai: State Bank of India accounted for half of the total number of mobile transactions undertaken in June, while ICICI Bank became the first to surpass the Rs 1,000crore mark albeit with only a fifth of the registered users as the country's largest lender. State Bank of India's (SBI) account holders...
  • Digital afterlife: How to manage your (online) life after death September 17, 2014

    New York: Sure, you have a lot to do today laundry, bills, dinner but it's never too early to start planning for your digital afterlife, the fate of your numerous online accounts once you shed this mortal coil. Facebook, Google, Twitter and other sites have different policies on dealing...
  • Former CAG Vinod Rai refutes rumours of joining politics, says it's not his cup of tea September 15, 2014

    New Delhi: Former comptroller and auditor general Vinod Rai on Monday refuted all rumours of his political ambitions. The remarks came after Rai's upcoming book 'Not Just An Accountant' accused former prime minister Manmohan Singh of not taking stand against corruption. He said, "I sincerly believe politics is a good profession...
  • SBI takes lead in opening bank accounts under 'Jan Dhan Yojana' September 11, 2014

    New Delhi: State Bank of India has taken the lead in flagship Jan Dhan Yojana by opening over 30 lakh accounts so far, followed by Punjab National Bank. As of September 8, State Bank has opened about 21.16 lakh accounts in rural areas and 8.8 lakh accounts in urban areas,...
  • Cabinet reviews Jan Dhan scheme; banks open over 3 crore accounts September 10, 2014

    New Delhi: The Cabinet, headed by Prime Minister Narendra Modi, on Wednesday took stock of the financial inclusion drive, Jan Dhan Yojana, under which banks have opened 3.02 crore accounts and mobilised about Rs 1,500 crore. "As of September 8,2014, 3.02 crore accounts have been opened, of which 1.89 crore are...
  • CAD narrows sharply to 1.7 pc in AprilJune quarter September 1, 2014

    New Delhi: India's Current Account Deficit narrowed sharply to 1.7 per cent of GDP in the AprilJune quarter of this fiscal mainly on account of reduction in trade deficit, and a steep decline in gold imports. "The lower CAD was primarily on account of a contraction in the trade deficit contributed...
  • PM Modi to launch his ambitious plan Pradhan Mantri Jan Dhan Yojana today August 28, 2014

    New Delhi: Prime Minister Narendra Modi's ambitious financial inclusion plan is all set to kick off on Thursday. The Pradhan Mantri Jan Dhan Yojana will be launched nationally in the capital by the Prime Minister himself. The scheme intends to accomplish the objective of housing for all by providing basic...
  • Modi to launch Jan Dhan Yojana on August 28; 1 crore bank accounts on day 1 August 26, 2014

    New Delhi: The government plans a mega launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) by Prime Minister Narendra Modi on August 28, which is likely to see opening of one crore bank accounts on the first day itself. As many as 76 mega functions are being organised at different...
  • 7 mustknow tips to help you create better, stronger passwords August 6, 2014

    New York: This week's news that a Russian crime ring has amassed some 1.2 billion username and password combinations makes now a good time to review ways to protect yourself online. The hacking misdeeds were described in a New York Times story based on the findings of Hold Security, a Milwaukee...
  • Congress leaders named to head Parliament committees July 22, 2014

    New Delhi: Even as the decision over the Leader of Opposition still looms over the Congress, many Congress leaders will now chair a number of Parliament committees. KV Thomas will head the Public Accounts Committee while Kamal Nath will head the Parliament committee on Defence. Veerappa Moily will head the Parliament...
  • What happens to your online accounts when you die? July 17, 2014

    Washington: You've probably decided who gets the house or that family heirloom up in the attic when you die. But what about your email account and all those photos stored online? Grieving relatives might want access for sentimental reasons, or to settle financial issues. But do you want your mom reading...
  • Hackers declare "nuclear leak" on Israeli Twitter account July 5, 2014

    Jerusalem: Hackers posted a bogus announcement of a rocket strike against Israel's Dimona reactor and a possible nuclear leak on a Twitter account used by the Israeli military, which said on Friday it was combating such cyber attacks. The Englishlanguage account, @IDF Spokesperson, has 252,000 followers and usually scrolls out rapid...
  • Israel army twitter account hacked, posts nuke leak warning July 4, 2014

    Jerusalem: A twitter handle of the Israeli army was taken over by Internet hackers, who posted a message warning that a nuclear facility in Israel have been hit by two rockets, causing a brief torrent of panic. Israel's most popular news portal Ynet posted a screenshot of the alarming tweet: "#WARNING:...
  • Maneka Gandhi sets up email, FB accounts June 11, 2014

    New Delhi: Women and Child Development Minister Maneka Gandhi has set up two email accounts and a Facebook account to facilitate an interactive exchange between citizens and her ministry. Maneka's email ID is minwcd@nic.In and that of the ministry is helpwcd@nic.In. The Facebook account of the ministry is www.Facebook.Com/ministryWCD. These accounts have...