Technodealz - Technology Updates & News

  From November 1, many rules including buying LPG cylinders to electricity subsidy will change. The rules will directly impact the common man. Most of these are meant to enhance your convenience. At the same time, some changes can also impact your pocket. Let us know what are the changes and how will they affect you. 1. KYC mandatory in insurance Insurance regulator IRDAI has made KYC mandatory for buying non-life insurance policies. Till now it was mandatory only for life insurance and in case of non-life insurance such as health and vehicle insurance, in case of claims exceeding one lakh rupees. But from November 1, it will become mandatory for everyone. Read More:   Indian Railways cancels 88 trains on October 31, check full list here 2. LPG gas cylinder price On the first of every month, petroleum companies revise the prices of LPG gas cylinders revise and issue new rates. On November 1 too, they may revise the prices of 14 kg domestic and 19 kg commercial gas.  On October 1, comp

  Shares of Life Insurance Corporation of India (LIC) have dipped around over 35 per cent in the six months and the investors are not much keen to invest in the stock. However, to revive the battered stock that listed for Rs 949 a piece after its IPO, the company is planning to issue bonus shares and dividends of about Rs 1.8 lakh crore to the shareholders, according to Reuters.   Also Read  –  DCX Systems, Global Health, Bikaji Foods, Fusion To Launch IPOs Next Week To Raise Rs 4,500 Crore With this, the company wants to regain the confidence of investors. On Friday, LIC shares fell to Rs 593 apiece. The stock got listed on the exchanges in May 2022. Since the listing, its price has fallen by around 35 per cent and investors lost around Rs 2.23 lakh crore. According to the report, LIC is planning to transfer around $22 billion from policyholders’ funds to a fund meant to pay dividends or bonus shares. The 1.8 trillion Indian rupees (around $22 billion) fund is one-sixth of the 11.57 t

  Reliance Jio is offering a special offer to all the customers who are getting a new  JioFiber connection. Customers can get a new JioFiber connection at zero cost booking- no charge for installation and deposit for the broadband router on select postpaid plans. In addition, new customers can choose from three, six, or twelve-month postpaid plans which provide on demand TV, 400+ channels and added OTT (over-the-top) benefits. Jio is offering special benefits on the postpaid JioFiber plans priced at – Rs 499, Rs 599, Rs 799 and Rs 899. Customers who choose between one of these new JioFiber postpaid plans will also receive free installation, a gateway router, a set-top box, and other items worth over Rs 10,000. Let’s take a detailed look at these JioFiber Postpaid Plans. JIOFIBER POSTPAID PLANS WITH FREE INSTALLATION AND ZERO SECURITY DEPOSIT Rs 499 Plan:  The postpaid plan for JioFiber offers unlimited voice calls, unlimited internet at 30Mbps speed. The plan also included on demand TV

  Sudhir Rai (name changed), an NGO activist, got a confirmation call from his bank asking him to confirm the issuance of a cheque amounting to Rs 80,000 from his account. As Sudhir didn’t issue such a cheque, he asked the bank to decline the payment. While it’s quite strange how the fraudsters managed to get a duplicate copy of an unused cheque leaf issued in his name, it wasn’t just a one off case. Read More:   Dove Shampoo, TRESemme Causing Cancer? Unilever Recalls UnileverOver Carcinogen Risk With the increase in the number of such bank fraud involving cheques, the Reserve Bank of India (RBI) has asked banks to verify the authenticity of cheques from customers before clearing the payments. However, flexibility is given to banks to decide the minimum cheque amount, above which confirmations will be taken from customers before clearance. While this mechanism proves to be an effective step to counter cheque frauds, customers face inconvenience when banks start dishonouring / returning

  In line with multiple hikes in RBI repo rate, banks have raised interest rates on fixed deposits, making them attractive for investors. All major lenders SBI, HDFC Bank, ICICI Bank and Axis Bank have raised their FD interest rates to multi-year highs. In September end, the central bank hiked the repo rate by another 50 basis points (bps). As a result, banks too upped their deposits interest rates. Take a look at the latest FD interest rates of State Bank of India, HDFC Bank, ICICI Bank and Axis Bank. Read More:   SBI Annuity Deposit Scheme: Invest one-time and get monthly pension; check features, other details SBI fixed deposit rates SBI has increased FD interest rates by up to 20 bps. It is now offering an interest rate ranging from 3% to 5.85% for the general public and 3.50% and 6.65% for senior citizens on deposits maturing in 7 days to 10 years. The new rates are effective from 15 October. HDFC Bank fixed deposit rates HDFC Bank has raised interest rates on fixed deposits for re

  WhatsApp is all set to stop working on various smartphones after Diwali. It was recently reported that the Facebook-owned messaging app would not work on the older versions of iOS – iOS 10, iOS 11, and some Android phones from October 24.   If these reports are true then you will be blocked out of WhatsApp and will not be able to send or receive messages, photos, or videos on your old phones. WhatsApp has taken this decision due to safety reasons and to ensure the security of the user. Several WhatsApp in-app features will no longer be available for iPhone users who still use outdated iOS versions. WhatsApp, from time to time, also does this to Android mobile phones to keep them updated. Also Read :  Have Reliance Jio 4G SIM? Here’s how you can get True 5G network on Diwali 2022 It is important to note that WhatsApp will stop working for iOS 10, and iOS 11 from October 24, 2022, as reported by WhatsApp tracker, WABetaInfo. Notably, the ones who will be able to use messaging app Whats

  Is Bank Closed on Dhanteras? Banks will remain closed for six consecutive days starting tomorrow, 22 October. Is Bank Closed on Dhanteras?  The festival of lights is celebrated across the country with great pomp and joy. Dhanteras marks the beginning of the five-day festival and Bhai Dooj is the last day of the festival of lights. Banks will remain closed for six consecutive days starting tomorrow, 22 October. Bank Holiday on 22 October Banks across the country will remain closed on 22 October which is Dhanteras. It is also the fourth Saturday of the month. Read More:   Stocks to buy on Diwali 2022: HCL Technologies, SBI, Shree Cement among top picks, shares may rally over 20% Bank Holiday on 23 October All banks remain shut on Sundays Bank Holiday on 24 October October 24: Kali Puja/Deepavali/Diwali (Laxmi Pujan)/Naraka Chaturdashi Banks will be closed across India, except in Gangtok, Hyderabad, Imphal Bank Holiday on 25 October October 25: Laxmi Puja/Deepawali/Govardhan Pooja Banks

  Some of the steps suggested before taking legal recourse included debiting another accounts of the cheque issuer if his or her account is short of funds to honour the instrument, sources said. New Delhi: The finance ministry is mulling several steps like dipping into other accounts of a cheque issuer and prohibition of opening of new accounts of offenders to effectively deal with cheque bounce cases which are clogging the legal system. Many suggestions were made at a high-level meeting recently called by the ministry to deal with the high incidence of cheque bounce cases. Read More:  Indian Railways to Run 179 Special Trains till Chhath Puja to Ease Festival Rush Some of the steps suggested before taking legal recourse included debiting another accounts of the cheque issuer if his or her account is short of funds to honour the instrument, sources said. The other suggestions were treating cheque bounce as default of loan and thus reporting it to credit information companies for necess

  These days, it’s imperative to keep crucial documents close to hand. Keeping all relevant documents, such as exam results, licences, and other paperwork, in one place is always simple, and it is even better if they are only a click away. As the world continues to become more digital, keeping papers and documents in a digital locker makes them accessible from anywhere in the world. Then, one does not have to lug about all the documentation. A few years back, Prime Minister Narendra Modi introduced DigiLocker in an effort to advance India’s digital transformation. DigiLocker can store a variety of papers, including licences, marksheets, ration cards, and Aadhar. In order to help senior residents, the app has now expanded its services and added a tool to obtain a pension certificate. Read More:   PM Kisan 12th installment: Rs 2,000 to be credited in farmers account today, check name in beneficiary list As part of a huge effort to help the elderly, the Bank of Maharashtra will provide pe

  New Delhi:  Retail inflation in India, as determined by the Consumer Price Index (CPI), increased from 7 percent in August to a five-month high of 7.41 percent in September 2022. RBI continues to increase repo rates in tranches from a month ago to control inflation. As a result, the interest rate offered on fixed deposits continues to rise. Lenders offer better returns to customers as people take and invest in fixed deposits as a safe and guaranteed return. With effect from October 16, 2022, the interest rates on term deposits for the general public and elderly citizens for tenures of one to three years have been raised by leading non-banking finance company Sundaram Finance Ltd. According to a statement, the rate on a 12-month deposit has increased for the general public to 6.65 percent.  Also Read :  What are the transactions you can do at a Digital Banking Unit (DBU)? For the first 24 months, the rate was increased to 7 percent, and for the next 36 months, it was raised to 7.30 pe

  If you are thinking of investing in real estate, there are some things you need to know. One of them is taxation. Income from renting out property is taxable under Indian law. The owner will be taxed under the Income Tax Act 1961 for any rental income. If the property is a house or building, it will be taxed as Income from House and Property. If the owner gets rent from vacant land or any such property, it will come under Income from Other Sources. However, owners can avail of certain deductions. The tax on rental income is calculated on the Gross Annual Value (GAV) of the property after subtracting municipal taxes, home loan interest (if any) and standard deductions. Read More:   Direct tax collection jumps 24 pc in first half of FY23 Some things owners need to know about rental incomes: If the GAV of the property is less than Rs 2.5 lakh, then the owner will not have to pay any tax. But if the rental income is the prime source of income, then the owner will have to pay taxes. A sta