No service charge on debit card usage,Jagmohan Garg News Delhi

As the nation reels under the effects of demonetisation, Economic Affairs Secretary Shaktikanta Das on Wednesday announced a slew of measures to reduce the hardships being faced by the masses across the country. Addressing the media in the national capital, Das stated that 82,000 ATMs have been re-calibrated so far, adding that the rest of them will be re-calibrated within coming few days.
With an aim to mitigate farmers’ distress due to the demonetisation move, the Economic Affairs Secretary announced that the National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 21,000 crore to the District Central Co-operative Banks (DCCBs). He further said that NABARD and Reserve Bank of India have been directed to ensure that there is adequate cash supply available to the DCCBs.

 

For More Details: http://indianexpress.com/article/business/demonetisation-no-service-charge-atms-farmers-shaktikanda-das-4391006/ 

Jagmohan Garg Delhi News Goa tourists can enjoy ‘Cycle Party’ from today

Jagmohan Garg Delhi News The Cycle Party, a 10-seater pedal-powered eco-friendly vehicle, would be officially launched by Goa Chief Minister Laxmikant Parsekar on Monday.

Young entrepreneurs Heta and Harsh Patel have brought the ‘Pedibus” to India and have chosen Goa as the launch site. The Pedibus is popular in leading tourism destinations in Europe and North America. Its seating configuration is similar to that of a dinner table and music is played in the vehicle.

As domestic tourists seek out more adventure and experiential activities while on vacation, Goa is a perfect place to roll out the venture, the entrepreneurs said. All the Cycle Party vehicles are made in Goa.

There are several different tours throughout the day, beginning with Candolim and Baga in north coastal Goa. Tours can be booked online or over the phone.

Popular beaches, night markets, sunset destinations, food-lover’s choices, Goan heritage sites and clubbing spots will be among the places of tour.

Jagmohan Garg Delhi News SOURCE: http://newsite.thehindu.com/news/national/other-states/Goa-tourists-can-enjoy-%E2%80%98Cycle-Party%E2%80%99-from-today/article15877562.ece?homepage=true

Jagmohan Garg News Apple iPhone sales fall, but beat estimates

JAGMOHAN GARG NEWS: Apple has reported its third quarter in a row of falling iPhone sales and revenue, but sales beat analyst expectations.

The tech giant sold 45.51 million iPhones in the three months to 24 September, beating an average estimate of 44.8 million.

The company also forecast higher-than-expected holiday season revenue of between $76bn and $78bn.

But revenue in the fourth quarter fell 9% to $46.85bn.

That meant annual revenue fell for the first time since 2001, highlighting a slowdown in the smartphone market as well as intensifying competition, particularly from Chinese rivals.

JAGMOHAN GARG NEWS- Vhttp://www.bbc.com/news/business-37770432

Jagmohan Garg News Delhi PM’s new health insurance scheme may cost over Rs 8000 crore

Insurance agents: Exits outnumber entry

Prime Minister National Scheme, which is under consideration for providing up to Rs 1-lakh health cover to poor families, may bring Rs 8000 crore income for insurance companies.

 

Currently, the poor (below-poverty-line) families are covered under Rashtriya Swasthya Bima Yojana (RSBY) for up to Rs 30,000 expenses. There were 11.8 million hospitalisations under the RSBY scheme till the end of last the financial year. RSBY will be phased out once the PM’s new health scheme is rolled out.

 

“Health ministry will require at least Rs 4,000 crore to Rs 5,000 crore budgetary support in order to pay the insurance premium,” a health ministry official said. “The centre will be responsible for disbursing 60% of thefor the scheme, while the states will be responsible for the rest,” he said. This would mean higher contribution from most of the states who currently bear only 25% of the cost for cover under RSBY. The contribution of Northeastern states and Jammu & Kashmir to the for coverage under RSBY is even lower at 10%.

 

The health ministry is now preparing the guidelines for the scheme. It also plans to start the process to empanel insurance companies and hospitals for the scheme soon. A cabinet note is in the making to lay down all the rules for companies to participate in the scheme, said the official.

 

The scheme was first announced this year by the prime minister Narendra Modi on the independence day. The number of people covered under has crossed over 36 crore as per Insurance Regulatory and Development Authority, most of them are under government schemes.
SOURCE: http://www.business-standard.com/article/economy-policy/pm-s-new-health-insurance-scheme-may-cost-over-rs-8000-crore-116101600381_1.html