Daily Archives: December 3, 2016

How to do Cashless Transactions -SBI Pay App- Payment without cash

SBI Pay: A simplified payments’ channel SBI Unified Payment Interface App (SBI UPI App) UPI is the short form of the Unified payment interface. SBI has come with its own UPI app. The name of SBI UPI app is the ‘ SBI Pay ’. Surprisingly, SBI has avoided the word UPI in this app. However,… Read More »

National Highways Fee collection : pre-paid payment instruments allowed

MINISTRY OF ROAD TRANSPORT AND HIGHWAYS NOTIFICATION New Delhi, the 2nd December, 2016 G.S.R. 1114(E).—In exercise of the powers conferred by section 9 of the National Highways Act, 1956 (48 of 1956), the Central Government hereby makes the following rules further to amend the National Highways Fee (Determination of Rates and Collection) Rules, 2008 namely:-… Read More »

Income Tax Exemption u/s 10(46) to Maharashtra Electricity Regulatory Commission

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 1st December, 2016 S.O. 3605(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the ‘Maharashtra Electricity Regulatory… Read More »

RBI extend time for deployment of Aadhaar-enabled devices till June 30, 2017 for processing payment transactions

RBI/2016-17/170 DPSS.CO.PD No.1421/02.14.003/2016-17 December 02, 2016 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/ Authorised Card Payment Networks / White Label ATM Operators / Payments Banks / Small Finance Banks Dear Madam / Sir, Aadhaar-based… Read More »