The Government has received very good response with the recently launched simplified Aadhaar based registration system for MSME sector. Within a short period 800 registrations have been received under the scheme. This was stated by Shri Kalraj Mishra, Minister of MSME while addressing media persons here today. The minister said that under the Prime Minister’s…
What is a Digital Signature Certificate? Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. Examples of physical certificates are drivers’ licenses, passports or membership cards. Certificates serve as proof of identity of an individual for a certain purpose; for example, a driver’s license identifies someone who…
1. What is Aadhaar number? It is a 12 digit unique identification number that stores demographic and biometric information of the resident with photograph issued by Unique Identification Authority of India (UIDAI) on behalf of Government of India. Aadhaar serves as a proof of identity and address, anywhere in India. 2. What are the features…
Govt. is all set to launch “Digital India” companion with Big Bang. India has developed an Operating System (OS) named BOSS (Bharat Operating Systems Solutions). This is a linux based operating system and has been developed by C-DAC (Centre for Development of Advanced Computing). BOSS currently has following three versions: BOSS 6.0 – The Release…
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015.The proposed amendments to the Negotiable Instruments Act, 1881 (“The NI Act”) are focused on clarifying the jurisdiction related issues for filing cases for offence committed under section 138 of…
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its ex-post-facto approval to the capital infusion made in the Export Import Bank of India (EXIM Bank) of Rs. 800 crore, as approved in the Demands for Grants and consented to by the Finance Minister to support the future growth of the…
The Government has announced the One Rank One Pension scheme for the Ex-Servicemen. This was announced by the Defence Minister. Under the OROP Scheme: The benefit will be given with effect from 1st July, 2014. The present government assumed office on 26th May, 2014 and therefore, it has been decided to make the scheme effective…
21.How long does it take for the remittance to get credited into the beneficiary account number? The funds should be credited into the beneficiary account in about 15-30 seconds. 22.Can the remitter transfer funds from his / her to the beneficiary account in other bank? Yes, the remitting customer can transfer funds to the beneficiary…
10.What is the Process flow of IMPS? Step 1: Remitter sends instruction from his/her mobile through his/her bank provided application or SMS. Step 2: Remitting bank validates the details of the remitter and debits his/ her account. This transaction is sent by the remitting bank to NPCI. Step 3: Transaction is passed by NPCI to…
NEFT and RTGS are two systems to transfer funds from one account to another account. Many people in India use NEFT to transfer funds to another person. NEFT takes some time (max 4 hours) to transfer funds and on holiday and after working hours, this system does not work. RTGS, on the other hand, is…