Important recommendation of Chandrababu Naidu led CMs panel on digital economy is imposing tax on cash withdrawals above Rs. 50000. The committee has also urged the government to abolish Merchant Discount Rate, and extend incentives to micro ATMs. Committee on digital payments under the leadership of AP Chief Minister N Chandrababu Naidu submitted its interim … Read more
The Government of Telangana is coming out with a new GO to curb traffic violations in Hyderabad and other cities of the state. Several amendments are proposed to the existing Motor Vehicle Act. Traffic rules violators will be awarded with certain points based on the severity of the violation. If the total points are more … Read more
The spree of statements that creates panic among the people continues from Central Board of Direct Taxes. In a latest directive, CBDT has instructed all the banks to submit details of transactions of various nature in the bank accounts of their customers. The CBDT has asked for the details with various transaction limits. Here are … Read more
The BSNL – SBI Mobicash M-Wallet service has been launched in the states of Andhra Pradesh and Telangana on 17th January 2017. The M-Wallet service is aimed at promoting cashless transactions as per the guidelines of Central Government. The SBI – BSNL Mobicash M-wallet service would meet the objectives of the Union Government to promote … Read more