Month: December 2017

SoftBank and Alibaba-backed digital financial services company Paytm plans to invest Rs 500 crore over the next year to integrate its offline merchants into seamless QR code-based payments that will directly land into their bank accounts. This will remove the restrictions that the merchants previously had on amount they could accept or charges they had to incur while moving the amount from the wallet to a linked bank account. The firm has also pushed into service a network of 10,000 agents who would train merchants and explain to them the added benefits of accepting Paytm QR payments. “With Paytm QR, our merchant partners can now accept payments at 0% charge, directly in their bank accounts through multiple payment instruments including UPI and cards. And there is no monthly limit o

If you are an advertiser on Facebook, you now have a bigger audience to cater to as Facebook has launched a click-to-WhatsApp button on its platform that will let advertisers connect with over one billion WhatsApp users. Facebook, which has 2.1 billion users, confirmed to TechCrunch on Thursday that it is rolling out the 'Click-to-WhatsApp' feature gradually, starting with North and South America, Africa, Australia and most of Asia. TechCrunch points out that Europe is missing from the list, a conspicuous absence that could be attributed to the hot water WhatsApp is already in with EU regulators over data sharing with Facebook. "Many people already use WhatsApp to communicate with small businesses. It's a fast, convenient way to stay in touch," Pancham Gajjar, Product Marketing Manager

While you may have made investments to claim deduction under Section 80C of the Income Tax Act, there are various payments, investments which are available as deduction against an individual’s taxable income. It is your duty to pay tax to the government, but overpaying taxes is not wise. While you may have, for instance, made investments to claim deduction under Section 80C of the Income Tax Act, there are various payments / investments which are available as deduction against an individual’s taxable income. A few are mentioned below: 1. Deduction towards rent paid for accommodation provided is available, subject to conditions. For salaried individuals, an exemption for the rent paid is allowed being the least of the following: # actual HRA received, # actual rent paid as reduced by

Reliance Jio has prepaid recharge plans starting from Rs 19. The costliest Jio prepaid recharge plan is priced at Rs 9,999. Jio plans offer free and unlimited voice calls but the data benefits of its prepaid recharge plans vary. Jio offers unlimited data across all its prepaid recharge plans but its daily high speed limits range from 0.15GB per day to 3GB per day, depending upon the specific prepaid recharge plan, according to Jio. After the exhaustion of daily 4G data limits, the speed of internet gets reduced to 64 Kbps, said Jio on its website jio.com. The aggressive recharge plans of Jio have triggered a price war in the telecom sector, forcing other operators to revise their plans. A guide to Jio’s prepaid recharge plans: Reliance Jio prepaid recharge plan at Rs 19 This prepai

Unique Identification Authority of India (UIDAI) on Friday said banks have been asked to install fingerprint and iris scanners in 10% of their branches to expedite Aadhaar enrollment mainly for those seeking to open new bank accounts. The Supreme Court on Friday extended till March 31, 2018, the deadline for mandatory linking of the biometric identifier with various services and welfare schemes. The apex court has also said that new bank accounts can be opened without Aadhaar but applicants need to submit proof that he has applied for the 12-digit identification number. “We will continuously work to simplify the Aadhaar linking process ... We have asked all the banks to provide Aadhaar fingerprint and iris scanners in stipulated bank branch, so that people do not have difficulty (in e