Economy

Delhi CM Arvind Kejriwal Addresses in the Support of Farmers March

ATM cards with Magnetic Strip of all banks will be closed from January 1. For this, all the banks including SBI are informing their account holders via mail and message. The banks first issued ATM cards with non-chip magnetic strips. These non-chip ATM cards can not be used after December 31.

Account holders can replace non-chip ATM cards in two ways. First, you can apply online through internet banking.

Second, the ATM Card can be changed after filling out a form by visiting your bank branch. The card will be changed within one week of submitting the form.

There are such ATM cards with Magnetic Strip
There is a black strip on the back side. This black strip keeps the account holder's full details. This increases the cloning of the card.

So these cards are being replaced
RBI has issued instructions for issuing Chip ATM cards in view of the increasing incidents of fraud. To change the earlier cards, the time till June was fixed, but now the cards will be replaced by December 31.

AICC Press Briefing By Randeep Singh Surjewala at Congress HQ in Jaipur, Rajasthan

AICC Press Briefing by Manish Tewari at Congress HQ on Assembly Election 2018

Buying TVs, washing machines, fridges and home appliances can be expensive in India by December. This increase will be done by the companies that manufacture sustainable consumer goods. The cost of these products has increased with the decline in rupee against the dollar and the increase in customs duty. In view of falling sales, the companies have borne the burden of increased costs rather than customers themselves. But, from next month, they are preparing to increase the price of these goods by seven to eight percent.

Panasonic India is ready to increase the prices of its products by 7 percent, while some other companies have already increased prices.

Manish Sharma, president and chief executive officer of Panasonic India, said that in the last few months there has been a decline in the rupee, which has its effect on cost. We tried very hard to bear the burden of the cost of the increased cost for the customers, but considering the market conditions, we have to increase prices by 5 to 7 percent from next month.

Higher India President Eric Brugenza said that we have ensured that the increase in prices after the festive season in India will be effective as people in the festive season buy large quantities of sustainable consumer goods. The festive season starts in India with Onam and ends with Dipavali after Dussehra. During this one-third of the total sales of the industry is achieved during the festive season.

However, there is no plan to amend the prices of companies like Sony currently. A spokesperson for Sony India said that we do not have any plans to amend the price of our TV.

There is bad news for 250 million mobile users in India. India's telecom company Airtel, Vodafone and Idea have planned to shut down the mobile connections of those spending less than a certain limit every month. The companies have fixed the limit of minimum recharge limit of Rs 35 per month. That is, the connections of nearly 250 million 2G mobile users who spend less will be discontinued.

Airtel has the highest number of users who spend less than Rs 35 per month, about 100 million. While Idea and Vodafone have 150 million users. Earlier, the companies have also started several such schemes which are available at Rs 35.

There are many people in India who use Dual Sim Mobile and keep more than two SIMs. In this way, most people recharge their mobile numbers at least. Therefore, this news is about to shock the people who have more than one SIM.

The aim of the company is to increase the income of the company. Apart from this, companies have tried to switch to 2G users in 4G and use a smartphone which is quite expensive for users.

India's independent institutions mark the beauty of a democracy that has been built over several decades. These very institutions are now under attack by the Modi govt.

Industry organization Confederation of ATM Industry (CATMi) in India warned on Wednesday that due to the recent standards of ATM hardware and software upgradation and cash management schemes, 50 percent of ATMs would be stopped in the absence of operating till March 2019.

If such a large number of ATMs are closed in the country, people may have to face the problem of cash withdrawal. At the same time, millions of people are at risk of being unemployed because usually one ATM gets jobs from one to two people.

CATMi's spokesperson said that there are about two lakh 38 thousand ATMs in India at this time, out of which 1 lakh 13 thousand ATMs including one lakh off-site and more than 15,000 white label ATMs will be closed.

He said that due to the regulatory guidelines for upgrading ATM hardware and software, recent terms of cash management standards and cash loading cassette swap method, the organization has to be bound.

He said that this step would also lead to huge unemployment in the industry which would be harmful to financial services in the entire economy.

AICC Press Briefing By Pawan Khera at Congress HQ on Rafale Deal Scam

Even after two years of notes ban, no payment was made in lieu of working for the bank employees till late at that time. Employees paid money to people from their pockets during notes ban but government did not pay that money to employees and they are still helpless. The National Organization of Bank Workers (NOBW) has described this problem.

Ashwani Rana, vice president of this organization of bank employees, said, "The pain of notes ban has been taken by everyone. Its worst hit is on the bank staff. They worked in banks till late in the night. They did not get the leave and they lost their money, they were filled with their pockets, but the sad fact is that even after two years have passed, they have not been paid for their extra work.''

Rana said, "Not only overtime, the employees' wages agreement should have been implemented from 1 November 2017, it has not yet happened. The Indian Bank Association held a number of meetings for it but proposed only six percent increase, which is very low and shameful.