Ban on cash transactions of over Rs 2 lakh not applicable for bank, post office withdrawals
Ban on cash transaction in excess of Rs 2 lakh will not be applicable to withdrawals from banks and post office savings accounts, the Income-Tax department announced.
In a clarification on the newly inserted Section 269ST in the I-T Act,
In the 2017-18 Budget, Finance Minister Arun Jaitley had proposed to ban cash transaction of over Rs 3 lakh which was lowered to Rs 2 lakh.
PM to launch digital exhibition on Champaran Satyagraha titled as ‘Bapu Ko Karyanjali’
Prime Minister Narendra Modi will launch a ‘special digital exhibition’ on the Champaran Satyagraha on 10th April 2017 in New Delhi. It is a unique initiative to re-envision the theme of the movement undertaken by Mahatma Gandhi.
India extends $4.5 billion new line of credit to Bangladesh And have signed 22 agreements
India and Bangladesh have signed 22 agreements in strategic sectors like defence and civil nuclear cooperation during Bangladesh Prime Minister Sheikh Hasina’s visit to India.
In a joint statement after signing of agreements in Delhi, Prime Minister Narendra Modi announced a new line of concessional credit of $4.5 billion for implementation of development projects in Bangladesh. Apart from that, Mr. Modi also announced $500 million of credit for defence procurement in the country.
Centre kicks off programme on Cyber Physical Systems
The Department of Science and Technology (DST) has initiated a Cyber-Physical Systems (CPS) program. CPS is an interdisciplinary field that deals with the deployment of computer-based systems that do things in the physical world such as, the self-driven cars produced by Google and Tesla.
It has been conceived as a Rs 3,000-crore exercise that would at first take root in some of the Indian Institutes of Technology (IITs). An initial budget of Rs 100 crore has been earmarked for the project in the current financial year.
India ranks 40th in WEF’s global travel & tourism ranking
India has jumped 12 places to 40th rank globally in total 136 countries in Travel and Tourism Competitiveness report 2017 by World Economic Forum. Spain is ranked at the top in the list.
Banking & Economic
HDFC Bank UPI on Chillr app
HDFC Bank announced its Unified Payments Interface (UPI) will also be available on Chillr, a multi-bank mobile payments app.UPI is an instant payment system developed by the National Payments Corporation of India (NPCI) to enable faster money transfer between any two parties’ bank accounts.
HDFC headquarter :- Mumbai (founded in 1944)
Managing Director of HDFC bank :- Aditya Puri.
Canara Bank partners with BSNL
Canara Bank, a public sector bank, has embarked upon an ambitious project of upgrading the bandwidth at all its branches to 2 Mbps in partnership with BSNL.
The bandwidth upgradation of branches is in line with the bank’s policy of promoting digital channels and will ensure faster service across the counters.
Chairman of Canara Bank Shri. T.N. Manoharan
The slogan of Canara Bank :- ‘Together we Can’.
South Indian Bank, Flyworld Money in pact for remittances
South Indian Bank has entered into an agreement with Flyworld Money Exchange to facilitate remittances by Indian expatriates in Australia.
Malala to become youngest United Nations Messenger of Peace
Malala Yousafzai, the youngest winner of the Nobel Peace Prize has become the youngest United Nations Messenger of Peace.
The United Nations stated that the 19-year-old Pakistani education activist will be appointed by Secretary-General Antonio Guterres on April 10, 2017, and it will help to promote girl education around the world.
UN headquarter :- New York City, U.S.A
Boxer Shyam Kumar wins gold at Thailand International
Indian boxer K Shyam Kumar won a gold medal in the 49- kilogram category at the Thailand International Tournament in Bangkok.
National Basketball Association (NBA) launches first basketball school in India
The National Basketball Association (NBA) announced the setting up of its first basketball school, a network of tuition-based basketball development programmes, in Mumbai.
NBA headquarter :- New York, United States of America