NEW DELHI : The take home salary of employees in the organised sector may go up slightly as the union government looks to allow select sectors to cut monthly statutory deductions on account of employees provident fund (EPF). But, the side effect of this move will lower the retirement saving corpus of workers in the long

Bank Email ID Hacking Case: Suppose a customer’s registered e-mail id is hacked and he informs about it to the bank. But the bank fails to stop accepting any request from the hacked id despite receiving complaint from the customer. Can the bank escape penalty in such a case? In a similar case this week,

NEW DELHI : Just like you need to give KYC (Know Your Customer) documents to open a bank account or to invest in mutual funds and shares, you also need to fulfill the KYC criteria for your employees provident fund (EPF) account. The Employees’ Bank Provident Fund Organisation (EPFO) allows you to complete the KYC process online.

The Reserve Bank of India (RBI) on Thursday announced that it is planning to put in place additional cybersecurity measures in order to make ATMs safer across the country. The central bank is planning to introduce “baseline cybersecurity controls for ATM switch application service providers”, it said in its statement on the development and regulatory

Skill India Scheme: The Union government has trained over 69 lakh youth in the last four years under its ambitious Skill India programme to boost employment in the country. According to a study conducted in 2015, the government estimated that more than 10 crore youth will enter the workforce in the next 7 years. and

The flaw, discovered in the Application Program Interface (API) of Airtel’s mobile app, could have been used by hackers to access subscribers’ information using just their numbers. That information included things like names, emails, birthdays and addresses. The flaw was fixed after the BBC highlighted the issue to Airtel. “There was a technical issue in

VoWi-Fi stands for Voice over Wi-Fi which uses IEEE 802.11 wireless LANs to carry VoIP traffic. It is a complementary service that can be used with VoLTE. VoWi-Fi technology enables users to make outgoing calls even where there is poor cellular connectivity. It is designed to plug indoor network gaps as telecom operators find it increasingly challenging

Apple appears to be in a bit of a soup as they have now admitted that the settings in countless iPhones have been misleading about their use of location data which they promise to fix. This admission was released to TechCrunch after a research was published by security specialist Brian Krebs who details that Apple’s

Fake Xiaomi products worth Rs 13 lakh seized from New Delhi’s Gaffar market. Over 2000 fake Xiaomi products estimated to be worth Rs 13 lakh were seized from some suppliers in New Delhi’s Gaffar Market, reveals the company. As part of anti-counterfeit process in the week of November 25, Xiaomi filed a complaint with the

NEW DELHI : The income tax department has extended the deadline to link Permanent Account Number (PAN) with Aadhaar to December 31. All PAN card holders are, therefore, required to link the two documents through online or via sms within this month. It is for the seventh time that the deadline has been extended. The Central