Category: Breaking News

News Can a Bank be held deficient in services if its ATM does not dispense Cash for the reason “Cash not available”? A consumer Court  in Raipur has recently imposed a penalty of Rs.2500.00 on SBI for exactly the same reason overruling the arguments of SBI that   * The complainant was not its customer   * Failure of internet connectivity is not within its ambit, rather it is upon the internet service provider against whom, any complaint if any, should lie.   The Form countered SBI by saying that when…

Chief Minister Naveen Patnaik wrote a letter to Prime Minister Narendra Modi has sought an amendment in the Companies Act, 2013 so as to make it easier for public and private companies to make contribution to the Chief Minister’s Relief Funds (CMRFs) as part of their CSR activity. The letter summarizes, Naveen said there is need for augmentation of CMRF resources through contribution of CSR fund of the corporates. The chief minister relief Fund  (CMRF), like that of other states, uses it fund for various pro-poor activities. Some such examples are relief…

The advantages of technology are not restricted to a select few but are there for all sections of society. We strengthened the network of CSCs. PM Narendra Modi said, the network of about three lakh Common Service Centres, which act as access points for delivery of digital services, have bolstered employment and entrepreneurship opportunities, thus empowering citizens. Interacting with beneficiaries of the various Digital India efforts, Modi said the initiative was launched with an objective of bringing benefits of technology to people, especially in rural areas. This initiative was launched with an…

There is a new era of growth is going to witness at the global level, President Trump and Kim Jong, President, North Korea. Trump and Kim signed a two-page statement-big on ideas but slim on specifics-that committed North Korea to “complete denuclearization” and said that the United States would “provide security guarantees” for a country with which it is still technically at war.   “We’re very proud of what took place today,” Trump said, after the two men, appearing relaxed after three rounds of talks, signed the four-point declaration. “I think…

Indian economy is the fastest growing economy in the world. However, the current growth is still short of the mark required by the nation to improve job creation and social stability.   As per RBI data of March 31, 2018, Non-Performing Assets (NPA) of the government banks amount to ₹6.41 lacs Cr, of which Corporate Industry NPA is around ₹4.7 lacs Cr (73%), Agriculture Sector NPA is ₹ 57,000 Cr (9%), Services Sector NPA is ₹ 85,000 Cr (13%) and Retail Sector NPA is around ₹24,000 Cr (4%). It is…

Interesting facts about Indian market, which has tempted the two retail giants (Amazon and Walmart) to look at the India market with renewed interest is the 1.3 billion Indian population and the potential of the e-commerce market that is worth $38.5 billion (Rs 2.5 lakh crore) and surging. Adding to it is the internet economy which stands at $125 billion (over Rs. 8 lakh crore) and is expected to double by 2020.   The recent announcement by Amazon of having made a profit of $1.6 billion (of which $14 billion goes to…

Bitcoin fever is climbing again and it is very much difficult to predict on how high will we see it go this time?   More and more institutions are looking to get into this newer space and invest.  A million dollar question is on will we see it climb to $30K by year end?   Businessman Raj Kundra, the husband of actress Shilpa Shetty, appeared before the Enforcement Directorate’s (ED) Ballard Estate office recently to record his statement in a money-laundering investigation into the Rs 2,000-crore cryptocurrency ponzi scheme case…

With every citizen feeling involved in India’s growth trajectory, 125 crore Indians are taking India to great heights, according to PM Narendra Modi. Aadhaar based subsidy reforms along with the Jan Dhan Yojana did help the economy with more monetary inflow –   The Modi Government entered into its fifth year on 26th May 2018 and has successfully completed 48 months. At the time Narendra Modi took oath as the new Prime Minister of India, the economy was in shambles as back to back scams and scandals created a logjam…

Infotech Forum 2018, a much awaited annual event of VARINDIA held on 25th May 2018 at Shangri La witnessed the presence of 400 high-profile guests comprising of CXOs (CIO/CTO/CISO), government officials, PSUs, enterprises and IT consultants from various verticals, who gathered under one roofto understand on the topic: ‘Disruption – A new Reality’.   The forum provided a platform for all to discuss the latest technological disruptions that are taking place in the Information Technology industry through technical presentations and also business networking.   S.N Tripathi, Secretary, Ministry of Parliamentary…

Make in India has really created a. powerful brand name across the globe , the result can be seen increase from 2 to 120 factories by manufacturing mobile phones in India, it has created jobs for the skilled and semi-skilled young boys and girls in India .   Speaking during the launch of Eastern Peripheral Expressway in Baghpat on Sunday, Modi said that mobile phone factories increased from just 2 to 120 in last four years — many of which have opened in Delhi-NCR providing more job opportunities.   In…