The department had sent SMSes and emails to 18 lakh people who made suspicious deposits of over Rs 500,000 during the 50-day demonetisation period. The CBDT on Tuesday asked the taxman to ensure there is no "threat, warning or show cause" notice to taxpayers contacted by it under 'Operation Clean Money' that is aimed at checking black money post-note ban. The Central Board of Direct Taxes (CBDT), the policy-making body of the Income Tax department, brought out an eight-page instruction leaflet ... Rediff.com, 1 day ago
M Muneer believes segmenting the population on the basis of their propensity to embrace new technologies is the key to driving digitisation. Illustration: Uttam Ghosh/Rediff.com The pronouncements and predicaments of the demonetisation tsunami have still not ebbed. The new wave of digitisation and the cashless economy is consuming more ink in print and burning more bytes in social media than any other topic. The debate is on whether or not we have enough penetration of technology, power, ...Rediff.com, 2 weeks ago
RailYatri offers a host of travel-related services to a 4.5 million user base. Shine Jacob finds out what's next for the app. IMAGE: By the end of the next financial year, the RailYatri app expects to surpass the IRCTC site, which receives 12.5 million hits monthly. Photograph: Uttam Ghosh/Rediff.com. Thalaivaa (Rajnikanth), Dabang (Salman Khan) and Virat (Virat Kohli) have nothing to do with Indian Railways. However, cut-outs of these three legends and a snooker table are what greet ...Rediff.com, 4 weeks ago
Most people have this permanent nervousness about somebody separating them from their smartphones, says Shyamal Majumdar.Illustration: Uttam Ghosh/Rediff.com Apple may be celebrating 10 years of the launch of iPhone, but a friend who holds a senior position at a multinational company, hasn't quite got into the mood. His ire is directed at smartphones in general. Exasperated at the sight of his teammates frequently staring into their smartphones, even during important meetings, he was forced to ...Rediff.com, 1 month ago
Cashless transactions need ubiquitous connectivity, which we don't have. And connectivity needs political and administrative convergence, says Shyam Ponappa. Illustrations: Uttam Ghosh/Rediff.com This new year brings with it uncertainties amidst the push for cashlessness. Without going into the demerits or otherwise, some clarity on a road map to go forward from where we are might help with realistic planning to manage our way out of this situation. Cashless transactions need ubiquitous ...Rediff.com, 1 month ago
A digital economy can only work with uninterrupted electricity supply. So, states now face the unpleasant task of telling their citizens that electricity rates need to be hiked. Subhomoy Bhattacharjee reports. Illustration: Uttam Ghosh/Rediff.com To make mobiles work in villages to act as e-wallets, many states now face the unpleasant task of telling their citizens that electricity tariffs need to be raised by an annual average of 4 per cent from now, for at least the next two years. Yet, ...Rediff.com, 1 month ago
Broader market underperformed the headline indices Extending declines for the fifth trading day, the benchmak indices settled Tuesday's session lower led by losses in financial, telecom and pharma stocks. Mixed trend seen in global markets following Federal Reserve Chairwoman Janet Yellen's speech and Bank of Japan's monetary policy meeting along with deadly incidents in Germany and Turkey also impacted sentiment. The S&P BSE Sensex ended at 26,307, down 67 points, while the broader Nifty50 ...Rediff.com, 2 months ago Sensex ends 329 points lower, Nifty slips below 8,100 Rediff.com, 2 months ago
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