The move by Paytm came after it found multiple users using its platform to get free credit by using credit cards to top up their mobile wallets and transferring the money back to their bank accounts at zero transaction cost.
In a big relief to 50 lakh central government employees the government relaxed norms for withdrawal of money from their General Provident Fund accounts.
According to a release from the Employees' Provident Fund Organisation (EPFO), members and pensioners of the Employees' Pension Scheme, 1995, are required to furnish their Aadhaar numbers by March 31.
Union officials had held final round of talks on February 22 with members of the Ashok Lavasa panel on Seventh Pay Commission allowances.
Employees can also withdraw the fund for select purposes after completing 10 years of service, as against 15 years of service earlier.
The funds transferred from a recognised provident fund (PF) account to a National Pension System (NPS) account will not attract any tax, Pension Fund Regulatory and Development Authority (PFRDA) said in a circular dated March 6.
Customers of some of the banks whose EMIs were to be deducted through electronic clearing service (ECS) on a certain date had received messages from their banks about the EMI delay at the Payments Corporation due to technical reason.
Recently, trade unions agreed on the proposal of doubling gratuity ceiling upon in discussions with labour ministry, according to Press Trust of India.
The comments came against the backdrop of government employee associations demanding restoration of old pension system which was replaced with contribution-based National Pension System (NPS) in 2004.
There are over 3,000 private PF trusts which are exempted from filing PF returns as they manage their employees' retirement fund and accounts both.
Due to the benefits offered under the Senior Citizen Savings Scheme like higher returns, less risk factor and tax savings option, it is becoming a popular choice among the retirees.
"The objective of ushering in transparency in the system along with reducing corruption can only be achieved with evolved participation of all sections of the society," Minister of Electronics and Information Technology Ravi Shankar Prasad said.
Earlier last month, the EPFO had introduced composite claim forms (Aadhaar and non-Aadhaar) by replacing the erstwhile forms 19, 1OC and 31 to simplify the submission of claims by subscribers.
"All those members filing claims for withdrawal of funds from their pension account would not be required to submit Aadhaar as mandated in an earlier order of the EPFO," a senior official said.
"The Employees' Provident Fund Organisation (EPFO) has firmed up a housing scheme for it subscribers. The scheme is likely to be launched anytime after March, 8 when voting in five poll bound states would be over," a source said.
EPFO has come out with a single-page form for all these claims, doing away with the need for filling up multiple forms.
Applications for Sovereign Gold Bonds will be accepted till March 3, 2017 and the Bonds will be issued on March 17, 2017.