5 recent initiatives by EPFO every member, pensioner should know

5 recent initiatives by EPFO every member, pensioner should know

News
In a bid to provide better services to employers, employees and pensioners as well as to bring about ease of compliance and governance, retirement fund body Employees’ Provident Fund Organisation (EPFO) has taken various initiatives recently, including the launch of Pensioner’s Portal on its website and introduction of new facilities for UAN- Aadhaar linking for the convenience of its members. We are taking a look at some of such 1. View Pension Passbook Service for pensioners EPFO, which is providing lots of e-services to its stakeholders, has recently introduced a new service for pensioners via the Umang App. Any pensioner willing to view his pension passbook needs to click the “View Passbook” option and enter the PPO Number and his DoB (Date of Birth). An OTP will be sent to the pen
Payment of Wages Act 1936

Payment of Wages Act 1936

News
Payment of Wages Act, 1936 The Payment of Wages Act, 1936 regulates payment of wages to employees (direct and indirect). The act is intended to be a remedy against unauthorized deductions made by employer and/or unjustified delay in payment of wages. Regular Pay Payment should be made before the 7th day of a month where the number of workers is less than 1000 and 10th day otherwise. The wage-period shall not exceed 1 month. The Act is applicable only to employees drawing wages not exceeding Rs. 6500 a month. [20] Mode of Payment Under the act, payment has to be made in currency notes or coins. Cheque payment or crediting to bank account is allowed with consent in writing by the employee. (Section 6) Deduction from Wages Employer is allowed to effect only authorized
BSNL 4G SIM for Rs 20, get one for you

BSNL 4G SIM for Rs 20, get one for you

News
BSNL is planning to launch 4G services in Pan-India soon and Govt of India has once again stressed on the fact that state-run BSNL is crucial for Digital India’s success, despite being in severe loss due to the presence of other private telcos. BSNL 4G SIM Sales Begins :- BSNL user can visit any mobile store or BSNL office and get a new USIM for 4G services, by paying Rs 20. This new USIM would be able to catch BSNL’s new 4G network and elevate the user from 3G to 4G. Note here, that in 2009, when BSNL first launched 3G services, their new SIM was available for Rs 300. Now, the cost is just Rs 20. This new USIM is mandatory for accessing BSNL’s new 4G services.  BSNL’s much awaited 4G services would be rolled out pretty soon, all over India. BSNL has already said that 10,000 4G eNode-
Paytm launches new digital payment feature for users

Paytm launches new digital payment feature for users

News
Paytm can be touted as the pioneer for introducing digital payment in India and ever since its inception in 2010, the e-payment giant has been setting a benchmark for other competitors in the same market. The Vijay Shekhar founded company has now launched a new feature for its users. Paytm has unified its Bank Transfers for its customers with new ‘My Payments’ feature. The new feature will enable Paytm users to make recurring, high-value payment and other monthly expenses in an instant. Using the Paytm app, Bank Transfers can be done from any Bank Account to any Bank Account, making it easier for customers to make payments at zero per cent charge. Even non-KYC Paytm users can avail this facility. Deepak Abbot, Senior Vice President – Paytm said, “Our customers make regular recurring pa
Andhra Bank MCLR Rates, Base Rates, Interest Rates, Eligibility – May 2018

Andhra Bank MCLR Rates, Base Rates, Interest Rates, Eligibility – May 2018

News
Andhra Bank MCLR Rate Current MCLR rate of Andhra Bank ranges from 7.85% to 8.40% varying by reset frequency of the loan. Andhra Bank revises MCLR rates on a monthly basis and benchmark its interest rates for home loan and other loans to MCLR rates of different tenor. Compare Rates of Other Banks Tenure wise MCLR Andhra Bank Rate Today Overnight 7.85% 1 Month 7.90% 3 Month 8.10% 6 Month 8.25% 1 Year 8.40% Andhra Bank Base Rate 9.55% Base rate to be aligned to MCLR from 1st April 2018 - RBI in its monetary policy on 7th Feb 2018 has mandated that banks’ base rates be linked to MCLR rates. This will benefit Andhra Bank home loan and loan against property borrowers whose loans are linked to base rate. Any increase or decrease in A
How to renew passport or extend its validity?

How to renew passport or extend its validity?

News
An Indian passport is valid for only 10 years (shorter in some cases). When the passport is about to expire, most people think they need to renew passport. However, they actually need to apply for reissue of passport. Let me explain the difference between passport renewal and passport reissue – Passport Renewal to Extend Validity This is only applicable for short validity passports. If your passport has been issued for a short period like 1 to 5 years, and you need to extend the validity, you can apply for renewal. In case of renewal, changes will be made to the existing passport and the passport number will remain the same. Passport Reissue When you apply for passport reissue, you receive a new booklet with a new passport number. You can apply for reissue in the following cases
Aadhaar authentication through Face ID from July 1 onwards

Aadhaar authentication through Face ID from July 1 onwards

Technology
The Unique Identification Authority of India (UIDAI) informed the Supreme Court on Thursday that it will introduce ‘Face ID’ on July 1 to enable Aadhaar holders to authenticate their identity to access services, benefits and subsidies. The 'Face ID' would help people without biometrics or those with poor biometrics to avoid authentication failures and financial exclusion. The court has repeatedly been referring to how biometric authentication failures had deprived citizens of their rightful entitlements like pension and provident fund. It has highlighted that people with physical disabilities and the mentally challenged may face the danger of financial exclusion. Accessing benefits In a presentation to the Supreme Court, UIDAI CEO Ajay Bhushan Pandey showed photographs of persons a
This new upcoming feature will ‘change’ WhatsApp Groups forever

This new upcoming feature will ‘change’ WhatsApp Groups forever

Technology
WhatsApp group tend to be quite irritating sometimes with all participants responding at the same time. Also, WhatsApp groups are proven to be a potential tool to spread rumours and fake news among a large number of users. In order to tackle this, WhatsApp is reportedly rolling out a “Restrict Group” feature for its iOS, Android and Windows Phone apps. This feature will only allow WhatsApp group admins to send messages in the group. While all group members will be able to see these messages, only admins will be allowed to respond to these texts. Other group members can only read them. The ‘Restrict Group’ feature will also prevent non-admin participants from sending photographs, videos, GIFs, documents or voice messages if the group admin or admins doesn’t allow them. The feature is sai
Walmart acquires Flipkart for $16 bn, world’s largest ecommerce deal

Walmart acquires Flipkart for $16 bn, world’s largest ecommerce deal

Business
BENGALURU | NEW DELHI: US retail giant Walmart Inc will pick up a 77% stake in India’s largest online retailer Flipkart for $16 billion, successfully concluding more than 20 months of talks, in what will be the country’s largest acquisition and the world’s biggest purchase of an ecommerce company. It will include $2 billion of fresh investment as Walmart looks to take on rival Amazon’s global expansion, pegging the value of Flipkart at $22 billion. The transaction will result in the largest exit for private equity and venture capital investors in India — they’re expected to collectively make about $14 billion by selling shares to Walmart. The transaction puts it ahead of the $14.6-billion Bharti-Indus Towers merger and the $12.9-billion Essar Oil-Rosneft transaction. Only the Vo
Now, watch Facebook, Instagram videos within WhatsApp

Now, watch Facebook, Instagram videos within WhatsApp

Technology
In a bid to increase user engagement, popular instant messaging platform, WhatsApp has rolled out an update by which users can view content from Facebook and Instagram within its app itself. In the present day, a user who receives videos or images from Facebook, Instagram or any such app would be redirected to these apps to view the content. However, this is set to change with the new update, reports The Verge. In its latest update rolled out for select iOS users, WhatsApp support will allow users to play Instagram and Facebook videos within the app, without exiting the chat. Apart from this, the new update also introduces the ability to add and revoke admin privileges from users in a group chat and empowers admins to edit the subject, description, an icon of a chat that is already un...