Judgement for ATM failure

Judgement for ATM failureNews Can a Bank be held deficient in services if its ATM does not dispense Cash for the reason “Cash not available”? A consumer Court in Raipur has recently imposed a penalty of Rs.2500.00 on SBI for exactly the same reason overruling the arguments of SBI that

* The complainant was not its customer

* Failure of internet connectivity is not within its ambit, rather it is upon the internet service provider against whom, any complaint if any, should lie.

The Form countered SBI by saying that when Banks are charging for usage of ATMs for a whole year in advance and a client is Free to use any ATM he automatically becomes a customer….Read More

 

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Brings accounting and banking solutions for MSMEs: Marg ERP

Brings accounting and banking solutions for MSMEsWith the recent tie-up with ICICI and Marg ERP software expected to bring accounting and banking solutions for MSMEs ,it will also enables automated reconciliation services.

The partnership will give access to ICICI Bank internet based cheque writing facility. Marg ERP is positioned as an Inventory and Accounting software solution company has partnered with ICICI Bank to offer an integrated payments platform to Micro, Small and Medium Enterprise (MSME) customers, using MARG’s accounting software. This integration will enable connected banking and also enable ICICI Bank’s current account holders to securely connect their bank account with the MARG ERP software and undertake an array of digital transactions from within the ERP platform itself, said Thakur Anup Singh, CMD, Marg ERP. The partnership will provide an array of benefits that will also initiate financial transactions for businesses….Read More

 

Apple will sell directly to large retailers & online partners

Apple will sell directly to large retailers & online partnersNew country head of Apple India Michel Coulomb is in a process of restructure the distribution and sales chain strategy for iPhones, iPads and Mac computers. For consumers, this will mean Apple products will cease to be discounted as the number of distributors is pared and the company takes a hard line on maintaining prices.

The thinking behind the move is that the brand had been diluted by giving distributors a free hand to sell to any retailer, even at lower prices, three persons directly aware of the development said.

The earlier ‘open distribution’ strategy at Apple India had created a lot of discontent amongst its offline trade partners, since the distributors would often indulge in wholesaling to achieve targets leading to rampant deep discounting online and fluctuation in prices almost every day. “So much so, Apple was even considered as a discounted brand….Read More

 

3 Lakh CSCs Have Created Entrepreneurship In India

3 Lakh CSCs Have Created Entrepreneurship In IndiaThe advantages of technology are not restricted to a select few but are there for all sections of society. We strengthened the network of CSCs. PM Narendra Modi said, the network of about three lakh Common Service Centres, which act as access points for delivery of digital services, have bolstered employment and entrepreneurship opportunities, thus empowering citizens. Interacting with beneficiaries of the various Digital India efforts, Modi said the initiative was launched with an objective of bringing benefits of technology to people, especially in rural areas. This initiative was launched with an objective of bringing benefits of technology to people, especially in rural areas.

Interacting with beneficiaries of the various Digital India efforts, Modi said, the initiative was launched with an objective of bringing benefits of technology to people, especially in rural areas. Technology has helped book railway tickets and pay bills online, bringing great convenience, Modi said….Read More

 

Kejriwal resolves E-way Bill Issue

Kejriwal resolves E-way Bill Issue

Under GST, transporters should carry an eWay Bill when moving goods from one place to another when certain conditions are satisfied. It seems still the GST regulations are yet to stream line for the business continuity and absolutely, Government is also helping the traders the best possible they can and the recent regulation on GST says,

On Intra-state implementation

* E-way bill operations are compulsory for intra-state movement of goods for all states except Delhi with effect from 3rd June 2018

* Eway bill operations are compulsory for intra-state movement of goods for Andaman & Nicobar, Chandigarh, Dadar & Nagar Haveli, Daman & Diu, Lakshadweep, Maharashtra and Manipur from 25th May 2018

* eway bill operations are enabled on trial basis for the intra-state movement of goods for Odisha from 23rd May 2018

* Roll out of e-Way Bill system for intra-State movement of goods in the States / Union Territory of Arunachal Pradesh, Madhya Pradesh, Meghalaya, Sikkim and Puducherry from 25 April 2018…..Read More

 

AT&T Time Warner merger without conditions

AT&T Time Warner merger without conditionsA US Federal judge has ruled that AT&T’s US$85 billion acquisition of Time Warner is legal, without placing any conditions on the merger of the telecom and media giants. U.S. District Court Judge Richard Leon further said, he would deny a stay on the deal if requested by the Justice Dept., meaning that even if DOJ appeals, the companies are free to close. That did not impose conditions on the merger’s approval and secondly, he also urged the government not to seek a stay when issuing his decision in a closed-door room with reporters.

We are pleased that, after conducting a full and fair trial on the merits, the Court has categorically rejected the government’s lawsuit to block our merger with Time Warner,” McAtee said in a statement. “We look forward to closing the merger on or before June 20 so we can begin to give consumers video entertainment that is more affordable, mobile, and innovative.”….Read More

 

FIFA World Cup 2018 to see a surging demand for Mobile Video Streaming

FIFA World Cup 2018 to see a surging demand for Mobile Video StreamingIndependent research based on over 3,000 European subscribers on behalf of Openwave Mobility has found that one in three football fans (31%) will watch the 2018 Russia World Cup using mobile data. This is nearly double the number of people that watched the 2014 Brazilian World Cup (17%) using mobile data. The 2018 World Cup study was conducted in the UK, Spain and Germany and found that mobile operators can expect a surge in live streaming traffic over the course of the tournament.

Many subscribers (29%), however, revealed that they will shun their mobiles owing to poor Quality of Experience (QoE) and bill shock. During the 2014 Brazilian tournament, European subscribers shared the same worries through a study conducted in May 2014. Even after four years, the same fears of poor QoE and bill shock still dog the industry….Read More