Sunday, June 13
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SBI alert! Internet banking, UPI services unavailable today for few hours, check timings

SBI alert! Internet banking, UPI services unavailable today for few hours, check timings

Business
New Delhi: State Bank of India (SBI) has said that most of its digital financial services such as internet banking, YONO and Unified Payments Interface (UPI) will remain unavailable on Sunday. The largest state-owned bank has cited maintenance activities as the reason behind the temporary shutdown of the services. "We will be undertaking maintenance activities between 02.40 hrs and 06.40 hours on 13th June," SBI said in a tweet. We request our esteemed customers to bear with us as we strive to provide a better banking experience.#InternetBanking #YONOSBI #YONO #ImportantNotice pic.twitter.com/FxegFbT5YP — State Bank of India (@TheOfficialSBI) June 12, 2021 “During this period INB/YONO/YONO Lite/ UPI will be unavailable. We request our esteemed customers to bear with us as we striv...
GST council slashes tax on oximeters, hand sanitisers, Covid testing kits

GST council slashes tax on oximeters, hand sanitisers, Covid testing kits

Business
Image Source : PTI GST council slashes tax on oximeters, hand sanitisers, Covid testing kits Based on the recommendations of the group of ministers (GoM), constituted to deliberate on the tax rates of COVID-related essential items, the GST Council on Saturday slashed the tax rate on coronavirus medicines such as Remdesivir and equipment like oxygen concentrators and medical grade oxygen.Finance Minister Nirmala Sitharaman chaired the 44th good and services tax (GST) council meeting on Saturday morning through video conferencing. The meeting was also attended by Minister of State for...
GST Council Meet Today to Discuss Tax Cut on COVID Essentials. Will You Be Benefitted?

GST Council Meet Today to Discuss Tax Cut on COVID Essentials. Will You Be Benefitted?

Business
GST Council Meet Today: The Goods and Services Tax (GST) Council will meet on Saturday to discuss the tax waivers on COVID-19 essential items and medicines. This will be the second GST meeting of this fiscal. Finance Minister Nirmala Sitharaman chaired GST Council meeting on May 28, after a gap of seven months.During the previous GST Council meeting, the states asked the finance minister to provide tax relief on COVID-19 essentials — PPE kits, masks, vaccines and medicines. Finance minister constituted a Group of Ministers (GoM) to examine possible waivers of GST levies essential supplies. Meghalaya chief minister Conrad Sangma has been designated as the convener of the eight-member GoM mad tasked to submit its recommendations to the council by June 8.The GoM submitted its report on J...
Fall in e-waste generation in poor countries shows growing digital divide, report says

Fall in e-waste generation in poor countries shows growing digital divide, report says

Business
E-waste in poor countries is managed inappropriately by the informal sector in open burning and acid baths, which are polluting the environment and depleting valuable resources(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.)Lower consumption of electronic and electrical devices in the first nine months of 2020 (compared to a "business-as-usual" scenario) led to a drop in e-waste generation by 4.9 million metric tonnes. But low- and middle-income countries reported a 30% fall in e-waste, compared to just 5% in high-income countries, according to a report by the United Nations University and the UN Institute for Training and Research titled 'Impact of the COVID-19 pandemic on e-waste - First three quarters of ...
5 new ATM rule changes you should know

5 new ATM rule changes you should know

Business
New Delhi: The Reserve Bank of India has announced a couple of changes in the ATM rules. While these rules are in line with the long pressing demands by the payment services, banks and white label ATM operators for customers it also means a little more burden on their pocket. Here are 5 big rule changes related to ATM card you must know 1.  RBI has now permitted banks to increase charges for cash and non-cash ATM transactions beyond free monthly permissible limit from next year. "To compensate the banks for the higher interchange fee and given the general escalation in costs, they are allowed to increase the customer charges to Rs 21 per transaction. This increase shall be effective from January 1, 2022," the RBI said in a circular. 2. Bank customers will have to pay Rs 21 per transac...
ITC Hotels launch Welcomhotel Tavleen Chail in Himachal Predesh

ITC Hotels launch Welcomhotel Tavleen Chail in Himachal Predesh

Business
Image Source : ITCHOTELS.COM Welcomhotel Tavleen Chail has 65 well-appointed guest rooms, including 18 cottages and a luxury suite ITC Hotels group on Thursday announced the launch of Welcomhotel Tavleen Chail, under its brand Welcomhotel, the second property under the brand in Himachal Pradesh. Welcomhotel Tavleen Chail has 65 well-appointed guest rooms, including 18 cottages and a luxury suite, ITC Hotels said in a statement. This launch follows the inauguration of Welcomhotel Shimla about six months ago.With the addition of the premier mountain resort at Chail, the Welcomhotel ...
In a world first, El Salvador makes bitcoin legal tender

In a world first, El Salvador makes bitcoin legal tender

Business
‘It will bring financial inclusion, investment, tourism, innovation and economic development for our country’, says President Nayib BukeleEl Salvador became the first country in the world to adopt bitcoin as legal tender after the country’s Congress on Wednesday, June 9, 2021, approved President Nayib Bukele's proposal to embrace the cryptocurrency, a move that delighted the currency's supporters.Read: Bitcoin | what's all the buzz about it?With 62 out of 84 possible votes, lawmakers voted in favour of the move to create a law to adopt bitcoin, despite concern about the potential impact on El Salvador's programme with the International Monetary Fund.Mr. Bukele has touted the use of bitcoin for its potential to help Salvadorans living abroad to send remittances back home, while s...
Tata Motors discontinues select Nexon models, here’s why

Tata Motors discontinues select Nexon models, here’s why

Business
New Delhi: Tata Motors on Wednesday (June 9) said that it has decided to discontinue some of the select trims from the Tata Nexon range in order to offer better value to customers. The auto major, however, noted that while discontinuing certain trims, it has also introduced updates in other versions of the compact SUV which is available with both petrol and diesel powertrains. "The Tata Nexon is among the most popular compact SUVs in India and its diesel variant is very popular with a growing demand and a loyal following. To simplify the choices for its customers, the company has opted to discontinue select variants and introduce updates in others," Tata Motors said in a statement. Clarifying that it is not doing away with diesel trims of the model, the automaker noted that the Nexon ...
Sensex, Nifty start on positive note; SBI, HDFC lead gains

Sensex, Nifty start on positive note; SBI, HDFC lead gains

Business
Image Source : PTI Sensex, Nifty start on positive note; SBI, HDFC lead gains Equity benchmarks Sensex and Nifty started on a positive note on Wednesday tracking gains in index majors HDFC twins and SBI amid strong foreign fund inflow. The 30-share BSE index was trading 80.72 points or 0.15 per cent higher at 52,356.29 in initial deals. Similarly, the broader NSE Nifty advanced 26.45 points or 0.17 per cent to 15,766.55. ONGC was the top gainer in the Sensex pack, rising around 2 per cent, followed by SBI, Sun Pharma, HDFC, Asian Paints, Dr Reddy’s and Bajaj Finserv. On the other hand...
TN CM Writes to Counterparts in 12 States to Urge Centre on Loan Moratorium

TN CM Writes to Counterparts in 12 States to Urge Centre on Loan Moratorium

Business
Tamil Nadu Chief Minister M K Stalin on Tuesday wrote to his counterparts in 12 states, urging them to prevail upon the Centre to offer moratorium on repayment of loans to Micro, Small and Medium Enterprises in the wake of the lockdowns due to the second COVID-19 wave. The states should show collective strength on this matter and the Reserve Bank of India should also be persuaded to give moratorium, he said.Expressing happiness that “all our collective efforts", urging the Centre to purchase vaccines and provide them free of cost to all states have been “instrumental" in convincing the union government and Prime Minister Narendra Modi to eventually reverse the vaccine policy, Stalin said the states should come together again. “In this context, I believe all the state governments shoul...