Banking Awareness 09th December 2016 | Financial Affairs 09th December 2016

Bharti Airtel unveils fresh packs to counter Jio heat

Airtel came out with two prepaid offerings

• Days after Reliance Jio extended its free services, Bharti Airtel came out with two prepaid offerings, including a Rs.145 pack, that will offer free unlimited local and STD calls along with 4G data.
• While Airtel’s Rs.145 pack offers 300 MB 4G data along with free unlimited Airtel-to-Airtel local/STD calls.

Offer’s

• 145 Pack – 300MG Data free Airtel to Airtel calls
• 345 Pack – 1GB unlimited local/std calls.

Cash woes hit vehicle sales, biggest slump in 43 months

Industry sees no change in sales estimates for the year

• The total vehicle sales across categories has seen a decline of 5.48 per cent at 15.63 lakh units during the month.
• It is the steepest decline in 43 months.

Decline sales

• Motorcycle – 10.21 per cent to about 7.78 lakh units.
• scooter – 1.85 per cent to more than 3.88 lakh units.

Simpler USSD for digital payments on the anvil

Committee formed to push digital payments

The Chief Ministers’ Committee formed to push digital payments will submit its interim report to the Centre in the next two-three days, Andhra Pradesh Chief Minister Chandrababu Naidu, who is also the Convener of the Committee.

UPI integration

13-member Committee formed.

Raymond to promote Khadi as fashion garment

(KVIC) has entered into an agreement with Raymond Ltd.

• Khadi & Village Industries Commission (KVIC) has entered into an agreement with Raymond Ltd. to promote Khadi as a fashion garment in India and abroad.
• In a first-of-its-kind initiative, Raymond will source Khadi fabric from artisans and market the products after value-addition.

Khadi Mark

Name given to khadi products by Raymond.

U.S. FDA makes observations on Sun’s Halol facility

U.S. health regulator made nine observations

• Drug major Sun Pharmaceutical Industries on Thursday said that the U.S. health regulator made nine observations after completion of an inspection of its Halol facility in Gujarat.
• The United States Food and Drug Administration (USFDA) inspected the Halol facility from November 17, 2016 through December 1, 2016, Sun Pharma said in a BSE filing.

Dilip Shanghvi

Founder of Sun Pharmaceutical Industries.

Labour Ministry says kept in the dark .

EPF reform package for made-ups sector

The Union Cabinet’s decision to make employees’ contribution to Employees’ Provident Fund (EPF) optional in the made-ups sector took the Union labour ministry by surprise as officials said they had not been consulted on the matter.

Bandaru Dattatreya

Union labour minister.

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