Banking Awareness 04th January 2017 | Financial Affairs 04th January 2017

Oil companies to offer discount of five rupees per LPG cylinder

For those who book and paying online.

IN GOOD NEWS FOR LPG CUSTOMERS, they can now get a discount of 5 rupees on every LPG cylinder booked and paid online. Petroleum and Natural Gas Ministry said, Oil marketing companies are offering the discount to all LPG customers.

Rs.5

Discount for those buy online.

RBI asks banks to supply at least 40 per cent of currency to rural areas.

To supply at least 40 per cent of currency to rural areas

• RBI has asked banks to supply at least 40 per cent of currency to rural areas.
• The directive came after RBI observed that bank notes currently being supplied to rural areas are not in proportion with the requirements of rural population.

40%

Total currency percentage to be supplied to rural.

Banks may share transaction data with money sleuths

FinMin’s pilot project to enable tax man to track electronic transactions

• The finance ministry is planning a pilot project that will allow tax authorities to access unique transaction reference numbers generated by banks.
• The ministry was working on the feasibility of the project.

Unique transaction number

RBI and Income tax department has provided this number to check fraudulent.

April 1 deadline won’t be met?

GST stuck with compensation

The states are digging in their heels to ask for more compensation, as they are hit by demonetisation, clearly giving signals that the April 1 deadline is likely to be missed.

Nirmala Sitharaman

Commerce and Industry Minister.

Service charge waiver terrible

ji huzoor system will be back

• A day after the central government said that customers have the option of not paying the ‘service charge’ part of hotel bills; major eatery owners said the move could impact the morale of staff.
• They said if a customer is not satisfied with service at a hotel or restaurant, he or she can demand a lower service charge.

Ji huzoor

A welcome rewards from a master on a piece of appreciation.

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