Banking Awareness 10th January 2017| Financial Affairs 10th January 2017

Petrol pumps will continue to accept card payments even after Jan 13

Transaction fee is a business module between banks and OMCs.

The Govt said Credit and debit cards will continue to be accepted at petrol pumps even after January 13 without customers having to pay transaction charges.

Dharmendra Pradhan

Petroleum Minister.

Online shoppers expected to cross 100 million mark in 2017

Bengaluru has left behind all other cities in online shopping.

With the rise of digital natives, better logistics, broadband and internet-ready devices, the number of consumers shopping online is going to cross 100 million this year from 69 million in 2016.

100 million

The number of online customers in India.

Digital transactions mobile-app

BHIM downloaded 10 mn times

Prime Minister Narendra Modi on Monday disclosed that the recently launched BHIM (Bharat Interface for Money) mobile application has recorded 10 million downloads in 10 days.

BHIM app

On December 30, 2016, Prime Minister Modi had launched the BHIM mobile app.

SC notice to Centre, states on plea seeking return of unused land for SEZ

The PIL filed by SEZ Farmers Protection

The Supreme Court today issued notice to the central government on a public interest petition alleging that the big corporates are using the SEZ law to get loans from banks instead of starting industries in the acquired land.

Special Economic Zone (SEZ) :

Area in which business and trade laws are different from the rest of the country.

Genpact, Cisco launch ‘Global Centre of Excellence’ in Jaipur

First smart and connected Lighthouse City.

Global business process management company Genpact and Cisco unveiled the “Global Centre of Excellence” in Jaipur as part of Ciscos Lighthouse City project, a global initiative designed to deploy next-generation technologies to impact citizens and society.

Other Lighthouse cities:

Hamburg in Germany, Barcelona in Spain and Adelaide in Australia.

Jaguar Land Rover sells record 583,313 cars in 2016

Sales were up 20 percent from previous year.

Britain’s biggest carmaker Jaguar Land Rover (JLR) sold a record 583,312 cars last year as the Indian-owned firm continues its rapid expansion with the aim of building 1 million vehicles a year at the turn of the decade.

Headquarters:

Whitley, Coventry, United Kingdom.

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