THE NEWS BULLET

According to the new EPFO rule, every account holder should have his or her PF account linked to the Aadhaar Card . New Delhi: Employees’ Provident Fund Organization’s new rules on Aadhaar and PF linking are kicking in from today June 1,2021. If PF account holders fail to adhere to the rule, then they may face major affect on their EPF contribution. Linking of PF account with Aadhaar According to the new EPFO rule, every account holder should have his or her PF account linked to the Aadhaar Card. It will be the responsibility of the employer to ask the employees to verify their PF account. If by June 1, the employees fail to do so, then they may suffer several losses –one such being that the employer contribution to the PF account may also be stopped. A notification in this regard has also been released by EPFO. What is the new rule all about? The EPFO ​​has implemented new rules under section 142 of the Social Security Code 2020. The regulatory body has clearly instructed...

According to tax and investment experts, DA restoration will push Central Government Servants’ (CGS’) monthly salary as their DA will jump from existing 17 per cent to at least 28 per cent 7th pay commission pay matrix: The Dearness Allowance (DA) restoration of the central government employees is going to take place from 1st July. The center has already made an announcement in this regard as the Minister of State (MoS) at the Ministry of Finance has already made an announcement in this regard in the Rajya Sabha in March 2021. However, for further information to the central government employees, DA restoration will not just lead to rise in their monthly 7th CPC salary but it would lead to boost for their Provident Fund (PF) and gratuity as well. According to tax and investment experts and central government employees representative, DA restoration will definitely push Central Government Servants’ (CGS’) monthly salary as their DA will jump from existing 17 per cent to at least ...

From costlier flights to the new ITR filing portal to gold hallmarking, let’s take a look at some changes that will come into effect from this month (June 2021) Like every month, some major changes will take place from today, June 1. These include new cheque and PF rules to the pricing of the LPG cylinder . Taxpayers will get a new interface of the income tax department’s website to file their returns. Mandatory hallmarking of gold jewellery will also be effective from this month. There are some other changes that will come into effect this month. Here are the top changes that will directly impact you: New Cheque rules Bank of Baroda has made ‘Positive pay confirmation’ mandatory for its customers to prevent incidents of fraud during payments made through cheques from today (1 June). When the amount to be processed is more than ₹2 lakh, then only the customers will only have to make the reconfirmation of cheque details. New PF rules EPFO has taken a big decision regarding...

Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) is a Centrally Sponsored Scheme having central sector component under Ayushman Bharat Mission anchored in the Ministry of Health and Family Welfare (MoHFW). It is an umbrella of two major health initiatives, namely Health and wellness Centres and National  Health Protection Scheme. Health and Wellness Centres Under this 1.5 lakh existing sub centres will bring health care system closer to the homes of people in the form of Health and wellness centres. These centres will provide comprehensive health care, including for non-communicable diseases and maternal and child health services. List of Services to be provided at Health & Wellness Centre Pregnancy care and maternal health services Neonatal and infant health services Child health Chronic communicable diseases Non-communicable diseases Management of mental illness Dental care Eye care Geriatric care Emergency medicine National Health Protect...

PPF: If you want to become a millionaire With small savings, then you can invest in Public Provident Fund i.e. PPF. You can become a millionaire by depositing a small amount every month in PPF. For this, you should start investing from today so that after retirement you will not have to be tempted for money. If you keep investing in the manner described, then you will already become a millionaire before retirement. So let’s know-how and how much to invest – PPF gets 7.1% interest PPF is considered a better option for long-term investment, in which you get good returns. You can invest up to Rs 1.5 lakh in this year, that is, Rs 12,500 every month. Explain that the government pays an annual interest of 7.1% on the PPF account. It is invested for 15 years. According to this, the total value of the investment of Rs 12,500 a month will be Rs 40,68,209 after 15 years. The total investment in this is Rs 22.5 lakhs and interest is Rs 18,18,209. How will one crore rupees be made For ex...

If an Aadhaar card holder has recently updated one’s 12-digit unique identity number, then they have three ways to check their Aadhaar card update status. Those three ways to check Aadhaar update status are — call at 1947, send an e-mail at help@ uidai.gov.in or log in at the direct link — resident.uidai.gov.in/check-aadhaar. The Unique Identification Authority of India (UIDAI) today informed about these three ways through a tweet from its official twitter handle. Informing about the three ways through which one can check Aadhaar card status update the UIDAI tweeted, “Have you updated your Aadhaar recently? Call 1947 or email at help@uidai.gov.in to know the status of your update request. Keep your acknowledgment slip or URN handy to get the details. You can also check the status online from https://resident.uidai.gov.in/check-aadhaar.” The UIDAI said that in either of the three ways to check Aadhaar update status, one will have to keep the acknowledge slip or 14-d...

The Telangana government has taken another decision to support the poor in the Corona crisis. The state government has decided to distribute free ration rice to the poor for the next two months (June, July). The government has also decided to distribute 15 kg of rice per person. The central government is distributing 10 kg of rice free of cost for two months through the Prime Minister ’s Garib Kalyan Welfare Scheme, of which the state government will distribute a combined 5 kg. An additional 35 kg will be provided to Antyodaya Integrated Cardholders in addition to 35 kg, as well as another 10 kg per annum provided to Annapurna Cardholders. Orders were also issued on Sunday regarding the distribution of free rice. With this, the officials of the Civil Supplies Department are making arrangements for the distribution of rice. 4 lakh 31 thousand metric tonnes of free rice will be supplied to a total of 87,42,590 cards in the state. A total of 2,79,24,300 people will benefit from thi...

Have you received the message that Rs.330 has been debited in any of your bank accounts? Don’t worry though. Because the banks did not take that amount. No hackers hit. Why is another Rs 330 debited? Doubt that? However your doubt is correct. But many have forgotten one thing. The same .. Prime Minister Modi has introduced a special insurance policy in the past. Its annual premium is Rs.330. That amount is debited. That’s it .. there is nothing gimmicky in it. The Center has recently launched a scheme called Prime Minister Jeevan Jyoti Bima Yojana (PMJJBY). As part of this, anyone with an annual premium of just Rs 330 will get an insurance of Rs 2 lakh. If the person dies, the amount is handed over to the nominee. However, at the time, customers were allowed to debit the premium automatically. But many have forgotten this. However, Rs 330 per annum is still being debited from bank accounts for this insurance. Some people do not know this. Why is that amount debited? Are expressin...

IOC has given relief in the prices of 19 kg commercial gas cylinder ( LPG Price Today). At the same time, there has been no change in the prices of domestic LPG cylinders. New Delhi. There is big news for LPG customers (LPG Gas Cylinder). On 1 June (1 June 2021), government oil companies have cut the prices of gas cylinders. IOC has given relief in the prices of 19 kg commercial gas cylinder (LPG Price Today). At the same time, there has been no change in the prices of domestic LPG cylinders. Domestic gas cylinder prices are stable for the third consecutive month. They have neither increased nor decreased. Let us tell you that the price of 19 kg cylinder was reduced earlier in May. According to the IOC website, the price of 19 kg commercial cylinder has been cut by Rs 122 in Delhi from June 1, after which it is priced at Rs 1473.50 per cylinder. At the same time, its rate in the month of May was Rs 1595.50. In May, state-run petroleum companies had reduced the price of 19 kg com...

EPFO has approved the withdrawal of Kovid-19 Advance for the second time to its more than 50 million subscribers. The Employees Provident Fund Organization (EPFO) has approved more than five crore subscribers to take advantage of the second Kovid-19 Advance in view of the second wave of Corona virus infection in the country. Earlier last year, the EPFO ​​allowed its members to take out Kovid-19 Advance to deal with emergencies due to the epidemic. Under this, employees are allowed to withdraw up to 75 percent of the non-refundable advance or basic salary and DA for 3 months from the credit in their PF account. Whichever is less, they can be removed. Provision was made earlier under the Prime Minister ’s Poor Welfare Scheme A Labor Ministry statement said that to support its subscribers during the second wave of the Kovid-19 epidemic, the EPFO ​​has now allowed its members to take advantage of the second non-refundable Kovid-19 advance. It said that the provision of special withdra...

Best Work from Home Data Plans: Recharge of 3GB of data daily is sufficient for work from. Jio Vs Airtel Vs Vodafone Idea Best Recharge Plan: The second wave of Corona virus in the country has caused more havoc than the first one. Many states and union territories including Delhi imposed lockdown in their own right. Most of the government and private employees are doing office work from their homes. All people need adequate and good data pack for work from home, so that there is no problem in your work. For work from daily recharge of 3GB data is sufficient. Let us know in which prepaid plans of Reliance Jio, Vodafone Idea and Airtel you will get 3GB daily data. Reliance Jio 401 rupees plan In addition to 3GB of data daily, this plan will get additional 6GB. The validity of the plan is 28 days. It will get 100 SMS per day. Voice calls are available unlimited. In the app, you will get access to Disney Plus Hotstar, Jio TV, Jio Cinema, Jio News, Jio Security and Jio Cloud. 99...

Taxpayers will not be able to file income tax returns this week as the website of the Income Tax Department will remain closed from June 1 to June 6. Taxpayers will not be able to file income tax returns this week as the website of the Income Tax Department will remain closed from June 1 to June 6. Last month, the officials of the Income Tax Department had informed that the income tax department’s current website will be closed for 6 days till June 1-6 for filing ITR and other tax related tasks. A new e-filing web portal will be launched on June 7. According to an order passed by the systems wing of the department, from June 7, the new portal www.incometaxgov.in will become operational instead of https://ift.tt/1dxxFKf. The current website of the Income Tax Department will remain closed till June 1-6 regarding the preparation and migration of this launch. Website will also be closed for IT officers From June 1-6, the current website of the Income Tax Department will not only ...

New Delhi: The  Center has given good news to income tax payers. In addition to facilitating income tax returns, the new portal e-filing 2.0 will be available for use on mobile phones as well. The IT department will launch the new portal e-filing 2.0 for taxpayers on June 7. The new website will replace the existing portal (incometaxindiaefiling.gov.in). The new income tax department said e-filing services would not be available for six days between June 1 and June 6, before the website launches. Income Tax Department will launch its new e-filing portal https://t.co/GYvO3n9wMf on 7th June’21. It will replace the existing portal of the Department https://t.co/EGL31K6szN . E- Filing services will be unavailable from 1st – 6th June’21. #NewPortal #eFiling #EasingCompliance pic.twitter.com/itEIgP39Bk — Income Tax India (@IncomeTaxIndia) May 29, 2021 The new e-filing web portal (incometax.gov.in) will be launched by June 7. The IT department expl...

Here’s a look at the lowest home loan interest rates of some leading banks A home loan is probably the biggest loan that one takes. Not only in terms of the loan amount, but also tenures, which can be 15 years or more. The total final amount that one pays can be double of what was borrowed. But a home loan is among the cheapest loans available, and usually it is the only way a person can buy a house. A home loan is called a ‘good’ loan because it helps you acquire a tangible asset that can appreciate over the long term. It makes sense to buy a house if you plan to live in it. This is also the reason, apart from the fact that many housing projects in India continue to be delayed by many years, why financial advisers say that one should buy a ready-to-move-in house. Here’s a look at the lowest home loan interest rates of some leading banks.

While everything has been online in the coronary period, the Income Tax Department has taken the initiative in this. The Income Tax Department, however, underwent a major overhaul of its organizational structure last year, which virtually eliminated face interaction. Now the department is going to launch a new portal for income tax payers from June 7, so that people will be able to file income tax returns from their mobile phones. The portal is named ‘e-filing 2.0’. Along with this, the old portal running for e-filing of the department will be closed. Through this portal, income tax payers will be able to easily file income tax returns or income tax returns on mobile phones. On this portal, you will see the forms of income tax return filled earlier, many facilities will also be available. This is how returns can be filled For this, you must first go to http://incometax.gov.in. This is a link to the new website, while earlier it was running on htt...

EPFO has issued a new notification for this. This notification is for all employers in the country, in which the new rule has been introduced from June 1. The notification states that if the employer does not verify Aadhaar , ECR will not be filled from June 1. The Employee Provident Fund Organization (EPFO), the government body of the pension fund, has changed its rules. This rule is related to Aadhaar. This new PF rule will come into effect from June 1. Under this, it will be mandatory to link the PF account with Aadhaar, otherwise the amount deposited in the PF may be affected. Under the new rule, it will be necessary to verify the Aadhaar. It will be the responsibility of the company in which you work, to link the Aadhaar number or get it verified. If this is not done, then the amount received from the company can be stopped. The only way to avoid this problem is that if the employer and the employees do this work with mutual cooperation, otherwise the deposit capital of PF...

EPFO: EPFO ​​has made some changes in the rules of its account holders. Understand this change carefully if you have a job. EPFO New Rule: Employees’ Provident Fund Organization (EPFO): EPFO ​​has made some changes in the rules of its account holders. Understand this change carefully if you have a job. Then understand what that new rule is and how it will affect your EPF contribution. These rules will come into force from tomorrow, June 1. That means you only have one day’s opportunity today. PF Account – Link to Aadhaar According to the new EPFO ​​rules, each account holder’s PF account must be linked to the Aadhaar card. This is the responsibility of the employee. It will be the responsibility of the company to ask them to add their PF account to Aadhaar. By June 1, if an employee fails to do so, his company or owner’s PF contribution to his PF account may also be stopped. This can cause great damage. The EPFO ​​has also issued a notification in this regard. What is the N...

EPFO has taken a big decision regarding Provident Fund. As per the information, the new rule will be applicable on the PF account from June 1, 2021. Now the employer has been given the responsibility to make your account Aadhaar verified. EPFO has taken a big decision regarding Provident Fund. As per the information, the new rule will be applicable on the PF account from June 1, 2021. Now the employer has been given the responsibility to make your account Aadhaar verified. If they fail to do so can lead to the stoppage of employer contribution credited to your account. Therefore, it is important that you link your PF account with Aadhaar in time. UAN should also be Aadhaar verified. What is the new order? EPFO has taken a new decision under section 142 of the Social Security Code 2020. EPFO has instructed the employer that after June 1, if any account is not linked with Aadhaar or UAN is not Aadhaar verified, then its ECR-Electronic Challan cum Return will not be filled. In ...

The Thrissur-based lender reported a 103% year-on-year increase in its fourth quarter net profit to R5.28 crore, mostly on lower provisions for bad loans. Dhanlaxmi Bank on Saturday reported that bad loans have increased significantly in the fourth quarter of FY21, with gross NPA ratio touching 9.23% as against 5.90% in the year-ago period. The Thrissur-based lender reported a 103% year-on-year increase in its fourth quarter net profit to R5.28 crore, mostly on lower provisions for bad loans. It reported an operating loss of R4.10 crore in the fourth quarter of last fiscal. Provisions and contingencies have been reduced by almost 74% to R14.82 crore as against R56.89 crore provided in the year-ago period. For the complete fiscal 2020-21, the lender reported a net profit of R37.19 crore, which is a 43.4% y-o-y drop from R54.78 crore reported in FY20. Total income of the lender for the fourth quarter was R242.18 crore as against R280.98 crore reported in the fourth quarter of...

NEW DELHI: HDB Financial Services, the non-banking financial arm of HDFC Bank , has shelved its plans to float an initial public offering (IPO) and instead plans to raise over Rs 8,600 crore via debt. Despite the deferred IPO, the company’s unlisted shares have held ground in off-market. Dealers from the unofficial market for trading in unlisted shares said they have faith in the strong parentage of HDFC Group. “Had the issue (initial public offering) been announced, investors would have rushed to lap up the shares even at higher prices as IPO a big draw,” said Umesh Paliwal, Co-founder, UnlistedZone. “Investors are willing to wait. The market has already priced in the delay.” HDB Financial Services enjoys a premium valuation, thanks to the strong parentage of HDFC Group, which holds a 95.1% stake in it. The NBFC will eventually attempt to unlock value via the capital market route in the future, dealers said. “HDB Financial is backed by top-notch parentage, making investors ...

The Centre on Sunday enlarged the scope of the Emergency Credit Line Guarantee Scheme (ECLGS) to cover loans up to ₹2 crore for setting up on-site oxygen generation plants at healthcare facilities and brought in the ailing civil aviation sector under its ambit. Industry captains appreciated the move but expressed concerns about its efficacy as the scheme’s allocation has not been enhanced beyond the original ₹3 lakh crore. The ECLGS was launched last year to help businesses tide over the national lockdown’s adverse effects and about ₹2.55 lakh crore has already been utilised. Public sector banks said they were ready to implement the expanded scheme However, just about ₹45,000 crore remains to cope with the demand from newly included beneficiaries as well as existing ones who have been offered some marginal respite. Attributing the latest changes in the scheme to ‘disruptions caused by the second wave of COVID 19 pandemic to businesses across various sectors’, the Finance Mini...

Earlier in the day, Finance Ministry had enlarged the scope of the Rs 3 lakh crore ECLGS to cover loans up to Rs 2 crore for setting up on-site oxygen generation plants at healthcare facilities and brought in the ailing civil aviation sector under its ambit. The largest lender State Bank of India ’s (SBI) chairman Dinesh Kumar Khara on Sunday said that as per preliminary assessment, the bank should be able to build a book of Rs 2,000 crore through expanded emergency credit line guarantee scheme (ECLGS). Khara made this comment at a joint press conference of SBI and Indian Bank’s Association (IBA) to launch standardised Covid loan products by public sector banks. Earlier in the day, Finance Ministry had enlarged the scope of the Rs 3 lakh crore ECLGS to cover loans up to Rs 2 crore for setting up on-site oxygen generation plants at healthcare facilities and brought in the ailing civil aviation sector under its ambit. Khara said that public sector banks have come up with three s...

SBI has changed the limit of cash withdrawal from non-home branch for individual customers. The second wave of Corona in India has proved to be more dangerous and more than 4 lakh cases started arriving in a single day. Although there has been a decline in the daily Kovid cases, yet, carelessness cannot be done at this time. Lockdown / Restrictions are still going on in many parts of the country and it seems likely to continue even further. In such a situation, the country’s largest bank State Bank of India (SBI) has changed the limit of cash withdrawal from non-home branch for individual customers and now up to a maximum of 1 lakh rupees in a day by going to non-home branch. Withdrawal of SBI has given information about this by tweeting. To support our customers in this pandemic, SBI has increased the non-home cash withdrawal limits through cheque and withdrawal form. #SBIAapkeSaath #StayStrongIndia #CashWithdrawal #Covid19 #BankSafe #StaySafe pic.twitter.com/t4AXY4...