Wednesday, November 6

INDIA

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Indian Rupee Likely to Stabilise at 68-69 Against Dollar
19Aug By PriyankaNo Comments
INDIA

Indian Rupee Likely to Stabilise at 68-69 Against Dollar

Kolkata: The rupee is expected to stabilise at 68-69 per US dollar, riding on positive capital inflows, Economic Affairs Secretary Subhas Chandra Garg said on Saturday. The rupee, Asia’s worst performing currency, touched an all-time low of 70.09 against the dollar on Tuesday. The current turmoil in Turkey, triggered by US sanctions, had not affected the perception of India, Gard said. The flow of foreign portfolio investments (FPI) had not altered either and there had been no outflow in July, he added. During the first three months, there had been an outflow of capital and in the last year, the total outflow was around $20 billion. “If oil prices do not rise further, the chances of the rupee stabilising at 68-69 level is more,” according to Garg. When asked how the rupee will be ...
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The Glorious Reforms in India Under the Leadership of Atal Bihari Vajpayee Ji
17Aug By Gauri SinghNo Comments
INDIA

The Glorious Reforms in India Under the Leadership of Atal Bihari Vajpayee Ji

ATAL BIHARI VAJPAYEE – The Immortal Legend who has taken India to great heights and has been a sound politician serving the country thrice as the Prime Minister. The iconic national leader took a greater step in the evolvement of the rural level with a mission to make India a global leader. He has always taken bold and confident decisions and has led India to become a nuclear state. Also, Atal Bihari Vajpayee Ji is considered as the architect of the telecommunication sector in India.  He is also well-known for launching social development schemes, including making education a fundamental right. Between all these things, Vajpayee Ji has always been a soft-spoken person and took all the decisions looking towards the favor and good of the country and its people. The legend is no more, b...
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UPI 2.0 to be Launched Today by RBI Governor Urjit Patel
16Aug By Gauri SinghNo Comments
INDIA

UPI 2.0 to be Launched Today by RBI Governor Urjit Patel

Following a number of delays and a few hurdles, the updated version of UPI which is commonly called UPI 2.0 is set to be introduced to the people by the National Payments Corp of India. The UPI 2.0 will be launched today at an event in Mumbai. Urjit Patel, the Governor of The Reserve Bank of India along with Rajnish Kumar, State Bank of India chairman and Nandan Nilekani, the non-executive chairman of Infosys are looking forward to formally launch the updated version. It has been reported that around 10 banks will join UPI 2.0 from the beginning which includes:  - SBI  - HDFC Bank  - Axis Bank  - ICICI Bank  - Yes Bank However, the other banks are in multiple stages of updating the payment product. "NPCI wanted the updated UPI to be launched by the Governor himse...
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India Comes Under the Top 5 Markets for Mobile Gaming
14Aug By Gauri SinghNo Comments
INDIA

India Comes Under the Top 5 Markets for Mobile Gaming

India has lately achieved a new record and has now become one of the top five markets for mobile gaming on the basis of the number of users. This has been reported by leading mobile video advertising platform in India, South East Asia, and the Middle East and North Africa (MENA) region called POKKT. It seems that with the rapid increase in the introduction of smartphones at a reasonable price and also the launch of cheaper data plans has triggered a huge surge in mobile gaming in the country. “As much as 89% of all game revenues in India were generated by mobile games,” said Rohit Sharma, founder of POKKT. “These gamers are highly engaged; almost one-third play five days per week or more, and nearly 40% spend more than six hours per week playing mobile games.” According to the reports...
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Bengaluru Plans to Set Up 120 Electric Charging Points
1Aug By Gauri SinghNo Comments
INDIA

Bengaluru Plans to Set Up 120 Electric Charging Points

With the increasing demand and manufacturing of electric vehicles, it has been planned that Bengaluru will have electric charging points over 120 locations in the city including IT parks and shopping malls. The brainchild of the Transport Department and the Bengaluru Electricity Supply Company (Bescom) is anticipated to accelerate up the use of electric vehicles. Currently, Bengaluru has around 74 lakh vehicles that depend on fossil fuels. “Electric charging points will be set up in 124 places such as metro stations, airport, BDA complexes, software parks and shopping malls. We are yet to decide where exactly these charging points will come up on these campuses,” a Bescom official, who is in charge of the project said. The same person stated that the project would take about six month...
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BSNL Launches Prepaid Plan of Rs 75 To Knock Down Reliance Jio
30Jul By AnkitaNo Comments
INDIA

BSNL Launches Prepaid Plan of Rs 75 To Knock Down Reliance Jio

As all the operators are bringing down their tariffs and offering discounts which makes it a win-win situation for the customers. Taking the game one step ahead and In order to compete with rival Reliance Jio, the state-owned telecom operator Bharat Sanchar Nigam Limited (BSNL) has launched its 'Jeevitha Prepaid Plan' in Andhra Pradesh and Telangana telecom circle at a price of Rs 75. There is no official word as to whether the data plan will be available in other telecom circles in the country or not. The BSNL Rs 75 'Jeevitha Prepaid Plan' offers 10GB 3G mobile data along with unlimited local and STD voice calls. The plans also offer 500 free SMS. However, the free calls offer is not valid for calls to Mumbai and Delhi telecom circles. The plan comes with 15 days validity. According t...
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Rajya Sabha Introduces Notice Submission App for Members
23Jul By Gauri SinghNo Comments
INDIA

Rajya Sabha Introduces Notice Submission App for Members

M Venkaiah Naidu, the Chairman of Rajya Sabha has reportedly made an announcement that now the members of the Upper House can submit notices for the discussions and the question hour online via a new app. Now, both the options including offline as well as online submission can be availed by the lawmakers. Through the app, the members can submit notices for the purpose of zero hour mentions, call attention, raising questions, special mentions as well as short duration discussion. This was mentioned by the Chairman when the House met for the day. However, he also stated that the requirement of giving a physical notice has not been eliminated. The physical system of applying for the notice will also be available. Naidu exclaimed that the members must contact the officers concerned in...
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Andhra Pradesh Tops in Ease of Doing Business, Delhi Fails
11Jul By Gauri SinghNo Comments
INDIA

Andhra Pradesh Tops in Ease of Doing Business, Delhi Fails

Andhra Pradesh is on the lead in the Indian government’s ‘ease of doing business’ index for the states. Andhra Pradesh scored 98.42 percent in the third edition of Department of Industrial Policy and Promotion’s (DIPP’s) Business Reforms Action Plan, beating Telangana. The state has improved in various fields such as taxes, protecting minority investors, issuing construction permits, providing new electricity connections, among others that helped a lot to reach this position. Also, Andhra Pradesh has successfully brought in 90 percent of the reforms listed in construction permits. Other reforms that the state implemented involves the establishment of a dedicated conflict resolution mechanism for land and construction permits, implementing a system to allow approval based on third-par...
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UPI Payments Received 30% Growth in June Month
4Jul By AnkitaNo Comments
INDIA

UPI Payments Received 30% Growth in June Month

According to the data available with the National Payments Corporation of India (NPCI), India's unified payments interface (UPI) payments received 30 percent growth, over 246 million users in June month. A total of 246.37 million UPI transactions were conducted in June this year, as against 189.48 million in May 2018, recording the highest month-on-month rise for this year, the data showed. The total value of these UPI transactions stood at Rs 40,834.03 crore in the month of June as compared to Rs 33,288.51 crore in the preceding month, it added. During the conversation with Pixr8 News, PhonePe Head of Payments and Financial Services Hemant Gala said our platform drove over 50 million UPI transactions at over Rs 100 billion total payment value (TPV) in June. "We are also one of...
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Tax Dept Launches Prompt e-PAN on The Basis of Aadhaar
30Jun By Gauri SinghNo Comments
INDIA

Tax Dept Launches Prompt e-PAN on The Basis of Aadhaar

India’s tax department has now launched the provision of e-PAN occurring immediately. This move is anticipated to bring down the interaction with the department and assist the taxpayers in creating the permanent account number (PAN) without facing any difficulty. This provision of the tax department is totally free of cost and the taxpayers can log on to the income tax portal to create their e-PAN. The people are not required to submit any documents, instead, the e-PAN will be generated on the basis of details available in the user’s Aadhaar card. “Thanks to the elevated use of technology and digitization adopted by the government in the tax department, it is now resulting in truly convenient and paperless interface with taxpayers. One may expect more of such initiatives in the coming ...
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Now You Can Apply for Indian Passport Using Mobile Application
27Jun By AnkitaNo Comments
INDIA

Now You Can Apply for Indian Passport Using Mobile Application

In an effort to help Indian citizens to secure passport in hassle freeway, India’s External Affairs Minister Sushma Swaraj has unveiled a newer version of the mPassportSeva Mobile App. A statement issued by the Ministry of External Affairs said that the revamped version of the mobile app comes along with a unique scheme that allows Indian citizens to apply for passport on their mobile from any part of the country. The new improved version of the app was launched to mark the Sixth Passport Seva Divas. It is available on both Android as well as IOS platforms. Commenting on the benefit of the app, a statement by the ministry said: “With the launch of this mPassport Seva App, citizens would not require access to a computer and printer to apply for passport services.”    Describi...
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