Dearness allowance and dearness relief is provided to employees and pensioners to neutralise the impact of price rise.
Dearness allowance and dearness relief is provided to employees and pensioners to neutralise the impact of price rise on their earnings.
Worried over circulation of fake currency notes of Rs 500 and Rs 1,000 denomination, the RBI today asked the public to make it a habit to examine the notes before accepting them in the usual course of transactions.
The bench, headed by Chief Justice T S Thakur, said it will hear on October 28 the matter on the aspect of disclosure of names of defaulters.
The central bank held a meeting with senior officials from select banks, the National Payment Corporation of India and card network operators to review the steps taken by various agencies to contain the adverse fall-out of certain card details alleged to have been compromised.
A slew of banks in India are replacing or asking their customers to change security codes of as many as 3.25 million debit cards due to fears that the card data may have been stolen.
The issue price of the bond had been fixed at Rs 2,957 per gram of gold.
The Finance Ministry has asked various agencies, including the Reserve Bank of India, to submit in 10 days their report on a data breach involving over 3 million debit cards, Press Trust of India reported citing ministry sources.
As many as 32.14 lakh debit cards of various public and private sector banks are feared to have been compromised by a cyber malware attack in some ATM systems.
State Bank of India, the country's largest lender, has advised its customers to use the its own ATM network as a "pro-active measure" after the security breach of around six lakh debit cards issued by it.
Among the 15 cities, Beijing, Shanghai, Mumbai and Sydney were the fastest growing in terms of wealth over the past decade (2006-2016), New World Wealth says in its report.
Finance Minister Arun Jaitley said today that he has sought a report on the misuse of debit cards after a massive data breach compromised over 3 million cards. "The idea is to contain damage," Mr Jaitley said.
Promising swift action on the debit card data compromise issue, Economic Affairs Secretary Shaktikanta Das said there is no need to panic over the feared security breach that affected over 32 lakh cards.
Banks across the world including in India are all run online and data is on servers. This exposes them to hacking risks.
Launched in November last year, the Sovereign Gold Bonds scheme provides investors a choice to diversify their portfolios without the need to buy the precious metal in physical form.
Seeking to calm worried customers following feared security breach of over 32 lakh debit cards of various banks, Finance Ministry said they constitute only a small number of the total such cards which are "completely safe", with no need for panic.
The National Payments Corporation of India said it came to know of a potential data breach when it had received complaints from banks that some customers' cards were used fraudulently in China and USA, while the owners were in India.
Union Minister Bandaru Dattatreya said his ministry is rethinking the proposal to amend the Employees' Provident Fund and Miscellaneous Provisions Act of 1952 to bring down the threshold limit for coverage of firms with employee strength below 20 under the EPF.