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10 lakh bankers to strike work on January 31 and February 1; banking services to be hit

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NEW DELHI CHENNAI: Bulk of the banking operations would come to a standstill on January 31 and February 1 with about 10 lakh bankers in government and private sector striking work over wage revision. Confirming the development, a top All India Bank Employees` Association (AIBEA) official CH Venkatachalam said, The talks with Indian Banks` Association (IBA) has failed. So the

Maruti Suzuki announces price hike for select cars due to increase in input costs

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Maruti Suzuki India Limited on Monday (January 27) announced a price hike of around 4.7 per cent on select models owing to an increase in the input costs. The price change varies across models and ranges from 0% to 4.7% (Ex-Showroom - Delhi). The new prices are effective from January 27, 2020. Maruti Suzuki India Ltd today announced a price change for select models owing to in

Pakistan has limited options to respond to Indias move on J&K: US Congressional report

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Washington: Pakistan s leadership has limited options to respond to India s decision on Jammu and Kashmir as many analysts view that Islamabad has little credibility on the issue given its long history of covertly supporting militant groups there, according to a US Congressional report. The Congressional Research Service (CRS) in its second report on Kashmir in less than si

Enforcement Directorate attaches assets of former ICICI Bank CEO Chanda Kochhar in alleged loan frau

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NEW DELHI: The Enforcement Directorate on Friday attached the properties of former Managing Director and CEO of ICICI Bank Chanda Kochhar and her family in connection with the alleged bank loan fraud and money laundering case. According to reports, total assets worth Rs 78 crore (book value) belonging to Kochhar and her family have been attached. This includes her flat in Mumba

Explained: What is in store for cash-strapped Air India in 2020

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National carrier Air India has been incurring continuous loss and the debt on it has also increased significantly. Union Civil Aviation Minister Hardeep Singh Puri has informed that the airline has been going through a loss of an average of Rs 26 crore on a daily basis. The cash-strapped airline has also stopped issuing air tickets to various government agencies on credit basis

Aadhaar Card-PAN linking last date extended to March 31, 2020 from December 31, 2019

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The last date for linking of Aadhaar Card with PAN (Permanent Account Number) was extended to March 31, 2020, from December 31, 2019, the Income Tax department said on Monday. The Central Board of Direct Taxation made the announcement under sub-section 2 of Section 139AA of the Income-tax Act,1961. Taking to micro-blogging site Twitter, Income Tax India tweeted, The due date f

SBI to launch OTP-based ATM cash withdrawal from January 1, 2020

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NEW DELHI: The State Bank of India (SBI), the country s largest lender, has announced the launch of One Time Password-based (OTP) ATM withdrawals from January 1, 2010. This is being done to minimize the number of unauthorized ATM cash withdrawals. Through a tweet on December 26, the bank informed its customers that it will introduce a one-time password (OTP)-based cash withdraw

Air India stops issuing air tickets to govt agencies, asks them to clear their dues

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NEW DELHI: Cash-strapped national carrier Air India has stopped issuing air tickets to various government agencies on credit basis till the due amount is cleared. Air India has stopped issuing air tickets to various government agencies on credit basis till the due amount is cleared. Around Rs 268 crores worth of dues are pending with different government agencies, the Air I

SBI to discontinue magnetic strip ATM-cum-debit cards from January 1, 2020

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NEW DELHI: The State bank Of India (SBI), which is the country s biggest private sector lender, will discontinue its old magnetic strip-based credit and debit cards from January 1. Through a tweet, the SBI said that it has proposed to deactivate all old magnetic strip-based cards by December 31, 2019, irrespective of the card s validity period. As per RBI guidelines, the SBI ha

Ahead of crucial meeting, Centre releases Rs 35,000 crore GST payment to states

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Ahead of the crucial Goods and Services Tax (GST) Council meeting, the Centre on Monday (December 16) released pending compensation of about Rs 35,000 crore to states and Union Territories. It is to be noted that the GST Council is the apex body of the tax regime and it is scheduled to meet on December 18 (Wednesday 18). “The central government has released GST compensation o

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