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JAITLY'S REVIEW ON GST READINESS AND BAD LOANS OF BANKS

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June 09, 2017

The Union Finance Minister Arun Jaitley will attend the one-day review of public sector banks on June 12 to take stock of the bad loans as well as their preparedeness for GST implementation. "Jaitley will chair a meeting of Chairmen-cum-Managing Directors (CMDs)/Chief Executive Officers of Public Sector Banks (PSBs) on June 12 to review their performances in the national capital," the Finance Ministry said on Friday. The PSBs' meeting main head by Jaitley will be the first in the current fiscal.

"The meeting agenda includes issues and solutions relating to non-performing assets (NPAs) of PSBs, status of micro and small enterprises credit, Stand-up India and Mudra Yojana, among others," the statement said. The role and preparedness of banks in implementation of the Goods and Services Tax (GST) system from July 1 is also likely to be discussed. Other issues on the agenda include discussion on financial inclusion and literacy, review of performance of social security schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana. In addition, cyber security, banking transactions, digitization, rural development, agricultural loans and education loans are also discussed.

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'Dangal' wins Best Asian Film at Australian gala

December 06, 2017

Dangal Movie and Amir khar Superstar Aamir Khan-starrer "Dangal" was on Wednesday named the Best Asian Film at the 7th Australian Academy of Cinema and Television Arts (AACTA) Awards. Veteran actress Shabana Azmi, a member of the Grand Jury for Best Asian Film, on Wednesday tweeted: "'Dangal' wins Best Asian Film at AACTA. Congratulations Team 'Dangal'." The jury was chaired by actor Russell Crowe.Shabana tweeted a photograph with Crowe, and wrote: "It was a unanimous decision." "Dangal", directed by Nitesh Tiwari, is a biographical sports drama film. It is inspired by the lives of the Phogat family members, telling the story of Mahavir Singh Phogat, an amateur wrestler, who trains his daughters Geeta and Babita to become India's first world-class female wrestlers.The film stars Fatima Sana Shaikh, Sanya Malhotra, Zaira Wasim, Sakshi Tanwar and Suhani Bhatnagar.Actor Anupam Kher attended the red carpet...

Xiaomi launches Google Tez-powered payment service

December 20, 2017

Chinese handset maker Xiaomi on Wednesday introduced a new payment service, powered by Google Tez, on its e-commerce platform Mi.com and Mi Store app.Users can now make cashless transactions on both Mi.com and the Mi Store app as Google Tez payments service operates atop the Unified Payments Interface (UPI)."As a merchant partner for Tez for business programme, all Xiaomi customers can now seamlessly and securely pay with any bank account stored in their Tez account on their phone," Sujith Narayanan, Head of Partnerships and Business Development, Tez, said in a statement.Users can pay directly from their bank accounts online for any purchase that they make, further cementing Xiaomi's commitment to contribute to the "Digital India" initiative."Our vision is to bring innovation to everyone and our integration with Tez is another step forward in this direction. We hope to provide an even better purchasing experience that is cashless," added Raghu ...