59 Minutes Loan
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How to apply for the new Loan under 59 Scheme by the Government

Prime Minister Narendra Modi has announced an ambitious scheme of getting loan up to 1 Crore in just 59 minutes. The scheme has been started for the Micro, small and medium enterprises. Among the 12 schemes that were generated, one that was highlighted was the facility of availing loan under 59 minutes. With this initiative, the Government is working towards pushing the growth in automation and bringing down the time and process involved in cumbersome Loan facilities. Quick Approval Process An Individual who qualified for such loan would…
Class 3 DSC

Class 3 DSC Signature and E-tendering- What you need to know

Class 3 Digital Signature is used for e-tendering and is considered to be the signature of the highest level. The importance of the Class 3 DSC lies in the fact that it enables safety of the user. An Individual who is applying for tenders through e-tendering route would always want to know that his transactions are safe. Class 3 Digital Signature has been designed to do exactly the same. There are two validity period of Class 3 Digital Signature – One year and Two Years. According to the Information Technology Act, Class 3 Digital Signatures…
US$ to INR

Here is Why Indian Rupee is Falling Against The U.S. Dollar

The Indian Rupee is not taking halt against US dollar, falling continuously to touch the lifetime low of 71.10 against the greenback. In today’s session, the currency got some relief after the good GDP numbers but failed to sustain and fell to an all time low levels. There are multiple factors behind falling Indian rupee against US dollar. Global and Domestic Factors The rising tensions between two biggest economies – the United States and China has taken toll on India rupee. Both the countries are in a race to slap tariff on each other’s…

DIR-3 KYC Filing Date Extended - How to file the form?

The government has extended due date of filing DIR-3 KYC without any late fee till 15th September. As a part of updating the registry, the Ministry of Corporate Affairs as is conducting KYC of all Directors of all companies annually through DIR-3 KYC form. This form is compulsorily required to be filed by every director who has been allotted a Director Identification Number on or before 31st March of a financial year and whose DIN is in Approved status. It is mandatory for Disqualified directors also. Late filing after 15th September would attract…

Different Types OF ITR Status And How To Check It Online

Taxpayers should regularly check their ITR status to ensure that the Income Tax Return has been accepted and processed. Income-tax Department has provided access to check Income-tax Return Status in user login. However, not every tax payer understands the meaning of checking the status means after they file the return. Different types of ITR status: Submitted and pending for e-verification: this status appears on the screen:  When you have filed the ITR but have not e-verified it. You have  sent the acknowledgement to the department but…
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Everything you need to know about Digital Signature

Digital Signature acts like a guarantee that the electronic documents and the message sent digitally has not been tampered because of the encryption techniques used. Digital signature is popularly known as electronic signature. Difference between digital and electronic signature Digital signature is also a form of electronic signature but the method differs slightly. It uses the certificate-based digital ID to authenticate signer identity. In digital signature, the proof of signing linked together to the document through encryption and the…
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Income tax notices and what should the tax payer do

The government has extended the Income tax return filing date till August 31st, 2018 which means that you get more time to file the return carefully and ensure that there are no mistakes. However, in case you have received the notice from the Income Tax Authority, there is a process to go about it. Recently, there have been an increase in the number of Income tax notices sent by the department due to changes made in the income tax rules about which most of the income tax payers are not aware. Section 143(1) – Customary Notice - You don’t…
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GST Training in Bangalore | GST Classroom cum online training in Bangalore

Being July 1st 2017  date fixed for GST roll out all over India many of us are worried about GST preparedness??  We have one good opportunity with GST training in Bangalore DBA Cosmic IT services pvt. Ltd. Bangalore with it's 16 years of rich industry experience in US and Indian financial market has launched 3 days and 2 days GST training session from 3rd of July to 7th of July  2017 . Following are the topics covered in these 5 days: One more greater advantage you will have once you attend session and write exam you will get Certificate…

Budget 2014-15 - Will there be any changes in tax slabs? Expectation from Modi's Budget

Budget 2014-15 - Will there be any changes in tax slabs?: It is expected that when the annual budget for 2014-15 fiscal is announced it will be a good one for the people who earn regular salaries. This is because the newly elected administration is looking to resurrect the tax system of India. It is expected that the Indian government will be making INR 3 lakh per year the new limit when it comes to granting people exemption from taxes on their incomes. At present the tax system operates with 3 slabs. People who earn INR 2 lakh a year or less…

Tax savings tips for salaried employees

1. remuneration Restructuring Restructuring your remuneration might not continually be possible. but if your company permits, or if you are on good terms along with your hr department, restructuring a number of elements might cut back your tax liability.Opt for food coupons instead of lunch allowances, as they're exempt from tax up to Rs 60,000 p.a.Include medical allowance, transport allowance, education allowance, uniform expenses (if any), and phonephone expenses as part of remuneration. produce bills of actual expenses incurred for these allowances…
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MetLife Unveils Smart Child Plan | New child plan from Metlife

MetLife Unveils Smart Child Plan :   Met Smart Child plan is a regular premium unit-linked child plan from MetLife India Insurance Company.   POLICY FEATURES Minimum age at entry: 18 years    Maximum age at entry:  55 years    Minimum age of beneficiary (Child):  90 days    Maximum age of beneficiary (Child): 17 years    Minimum annualised premium :  .18,000 p.a. Policy Term 10/15/20 years    Sum assured:  10 times the chosen annualised premium only The policy offers differentiated death benefits.On…

Non-resident deposit to get higher rate of interest | NRI account and Interest rate

1.Please refer to paragraph 4 of our circular DBOD.Dir.BC.42/13.03.00/ 2011-12 dated October 25, 2011 on Deregulation of Savings Bank Deposit Interest Rate and paragraph 1 of our circular DBOD.Dir.BC.59/13.03.00/2011-12 dated November 23, 2011 on Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR (B) Deposits. 2. With a view to providing greater flexibility to banks in mobilising non-resident deposits and also in view of the prevailing market conditions, it has been decided to deregulate interest rates on Non-Resident…
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No-frills health insurance products to be a reality soon | Buy mediclaim with no frill

Many of us have taken personal health cover policy (Mediclaim) some covered by their employer as group health insurance some have taken general policy with lot of exclusions and conditions to claim. But in reality excluding GMC general insurance cover wont give you a relaxing state for us. The real fate of such policy can be realized when we go for en cashing during emergency. After all these reality check some insurance providers like Max-bhupa have come up with no frill health insurance cover at an additional premium but the cost of procuring…
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Change your health insurance provider | Mediclaim portability

Change your health insurance provider:   The IRDA, vide circular dated February 10, 2011, had issued guidelines on portability of health insurance policies which was to be introduced from 1st July 2011. Subsequently, on 24th June 2011, it was felt necessary to put in place a system to enable collection of data on the history of health insurance and monitoring the transfer of records of the porting policy holder. In that context, it was decided that the implementation of portability of health insurance policies would be mandated to commence…
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Portability of Mediclaim policy | Change your mediclaim insurer !!!

Mobile number portability is popular among mobile users now!!!! After this IRDA has come up with the concept of Mediclaim portability starting from October. There are many mediclim policies floating in the market and people are tired of exclusion as to this it not covered that is not covered than the covered list. Many health policies are just like a name sake policies like these many disese are not covered.... No maternity cover.. first 30 days waiting period.... critical illness not covered etc.... but dont forget to pay premium!!!!! But…
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How to correct your Credit report? | Dispute on your credit report online

Dispute on your credit report online: Disputes: Your Credit Information Report (CIR) plays a large part of the loan application process. Hence, any discrepancy on your CIR may result in reduced chances of a loan approval. Therefore, it is important that the information on your CIR is accurate and updated. The CIBIL CIR consists of Consumer / Borrower Information, Account Information and Enquiries. If any information on your CIR is inaccurate or needs to be updated, we shall be pleased to assist you in rectifying / updating your CIR. This…
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Insurance: Updating policyholders about change in network hospitals and TPAs

CIRCULAR NO. IRDA/TPA/GDL/CIR/008/01/2011, DATED 12-1-2011 1. It has come to the notice of the Authority that in some instances policyholders could not get cashless facility at the hospital approached, due to change in the network hospitals and/ or the servicing TPA by the insurers, about which the policyholder was not properly informed. 2. Where the policyholder had renewed the policy well before the expiry of earlier policy, the IT system of the insurer could not update the details of the new TPA in the policy since it was renewed before…